Automotive Catalytic Converter Market to represent US$172.8 billion Opportunity Globally by 2021 – Industry Analysis, Size, Share, Growth, Trends and Forecast

ResearchMoz added Latest Research Report titled ” Automotive Catalytic Converter Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021 ” to it’s Large Report database.

This market research study analyzes the Automotive Catalytic Converter Market on global basis and provides estimates in terms of revenue (USD billion) from 2015 to 2021. It identifies the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it highlights the significant opportunities for market growth in the next six years.

With the advancements in technology, there has been a considerable growth in the automotive catalytic converter market globally. Stringent emission norms such as Euro V and Euro VI have put a restriction to the use of exhaust systems that are harmful to the environment. This has made automobile manufacturers improvise on their exhaust systems and bring in application of advanced technology and innovation to their products in order to reduce automobile emission in the environment. Innovative catalytic converters such as two-way and three-way catalytic converters are extensively being used and largely demanded by automobile manufacturers because of their greater performance and reduced emission quality. Four-way catalytic converters are still in the testing phase and are expected to be much more efficient and environment friendly as compared to the other existing automotive catalytic converters.

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The growth in the global automotive catalytic converter market is directly related to the growth of the global automobiles market. Therefore, with the increasing sales of automobiles globally, the demand for automotive catalytic converter is set to grow. In regions such as Asia Pacific, Middle East and Africa (MEA), and Latin America; an immense rise in the usage of passenger vehicles is expected over the forecast period, which is set to bolster the growth of the automotive catalytic converter market.

Increasing stringent emission norms across the globe is the major reason driving the growth of the global automotive catalytic converters market. Catalytic converters emit hazardous particles that are harmful to the environment. Due to the rising pollution and global warming effects, the governments of various countries have laid down strict guidelines relating to automobile emission. Therefore, the stringent emission guidelines have forced the automotive component manufacturers to manufacture environment friendly catalytic converters for domestic and international markets. Two-way oxidation catalytic converter, three-way oxidation-reduction catalytic converter and diesel oxidation catalyst are heavily in demand due to their reduced emission property.

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Table of Content

Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Research Methodology

Chapter 2 Executive Summary

Chapter 3 Global Overview
3.1 Introduction
3.2 Key Trend Analysis
3.3 Market Drivers
3.3.1 Increasing stringent emission norms
3.3.2 Increasing production of vehicles
3.3.3 Technology and innovation
3.4 Market Restraints
3.4.1 Non-use of catalytic converters in electric vehicles
3.4.2 High R&D expenditure
3.5 Market Opportunities
3.5.1 Emerging markets of Asia Pacific, Middle East and Africa (MEA) and Latin America
3.6 Automotive Catalytic Converter: Market Attractiveness Analysis
3.7 Competitive Landscape
3.7.1 Automotive Catalytic Converter Market: Market Positioning of Key Players
3.7.2 Competitive Strategies Adopted by Leading Players

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