Catalytic Converter Systems Market is estimated to be USD 42.4 billion in 2018 and is projected to reach USD 73.1 billion by 2025, at a CAGR of 8%.
Catalytic converters are devices used to remove harmful gases such as carbon monoxide, nitrogen oxides and hydrocarbons from automobile exhaust systems. Catalytic converters also help improve vehicle efficiency. The major driver of the growth of the Catalytic Converter market may be due to the introduction of strict rules and regulations by governments of various countries around the world to protect the environment and prevent the harmful effects of global warming.
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key players of catalytic converter market are Faurecia SA (France), Benteler International AG (Germany), Eberspächer Group (Germany), Calsonic Kansei Corporation (Japan), Yutaka Giken Company Limited (Japan), Tenneco, Inc. (U.S.), Futaba Industrial Co., Ltd. (Japan), Sango Co., Ltd (Japan), Magneti Marelli S.p.A (Italy), Bosal International N.V. (Belgium) and others.
Catalytic Converter Market, By Material
- Palladium
- Platinum
- Rhodium
- Others (Ruthenium, Iridium, Zeolites, and Vanadium)
Catalytic Converter Market, By Vehicle Type
- Passenger car
- Light commercial vehicle
- Truck
- Bus
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Scope of the Report
The research study analyzes the global Catalytic Converter Systems industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Catalytic Converter Systems Market Report
1. What was the Catalytic Converter Systems Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
2. What will be the CAGR of Catalytic Converter Systems Market during the forecast period (2019-2025)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2019-2025).
4. Which manufacturer/vendor/players in the Catalytic Converter Systems Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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