Research and Markets: Automotive Catalytic Converter Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/zvpmqq/automotive) has announced the addition of the “Automotive Catalytic Converter Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021” report to their offering.
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. 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.
In the coming years, hybrid and electric vehicles market are expected to gain momentum. This is going to have an adverse effect on the global automotive catalytic converters market. Electric vehicles do not come equipped with catalytic converters as there are no means of emission in such vehicles. Therefore, the gaining popularity and rising demand for electric vehicles are set to inhibit the catalytic converters market during the forecast period from 2015 to 2021.
- Magneti Marelli S.P.A.
- Faurecia SA
- Tenneco Inc.
- Benteler International AG
- Eberspaecher GmbH Holding & Co. KG
- BASF Catalysts LLC
- Calsonic Kansei Corporation
- Clean Diesel Technologies
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Global Overview
Chapter 4 Global Automotive Catalytic Converter Market: By Type
Chapter 5 Global Automotive Catalytic Converter Market: By Material
Chapter 6 Global Automotive Catalytic Converter Market: By Geography
Chapter 7 Company Profiles
For more information visit http://www.researchandmarkets.com/research/zvpmqq/automotive
Research and Markets
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Sector: Automotive Parts, Exhausts