Automotive Catalytic Converter Market to Expand to CAGR of 4.41% During 2017-2021

About Automotive Catalytic Converter

An automotive catalytic converter is a device that is placed inside the tailpipe of a vehicle. The device controls the amount of toxic pollutants being released from the exhaust pipe. It consists of precious metals (platinum and palladium) that catalyze (accelerate the rate of) redox reaction (an oxidation and a reduction reaction) that converts harmful exhaust gases to less toxic gases. Concerns regarding rising levels air pollution and increase in the emission of greenhouse gases by internal combustion engine vehicles are leading to the stricter adoption and development of automotive catalytic converters.

The global automotive catalytic converter market to decline at a CAGR of (4.41%) during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive catalytic converter market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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The market is divided into the following segments based on geography:

• Americas

• APAC

• EMEA

Global Automotive Catalytic Converter Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

• Continental Emitec

• Faurecia

• Magneti Marelli

• Tenneco

Other prominent vendors

• BASF

• Bekaert

• Calsonic Kansei

• Eberspacher

• Katcon

• MAHLE

• Wuxi Longsheng

Market driver

• Increasing motorization in emerging countries

• For a full, detailed list, view our report

Market challenge

• Increased wages in China to restrict production of automotive catalytic converters

• For a full, detailed list, view our report

Market trend

• High flow automotive catalytic converter

• For a full, detailed list, view our report

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