The worldwide Automotive Catalytic Converter Market is anticipated to reach over USD 327.9 billion by 2026 according to a new research published by Polaris Market Research. In 2017, North America accounted for the majority share in the global Automotive Catalytic Converter market. The three-way oxidation-reduction catalytic converter is expected to lead the global market during the forecast period.
The increasing demand and production of vehicles majorly drives the Automotive Catalytic Converter Market growth. The increasing regulations regarding emissions and fuel efficiency boosts the adoption of automotive catalytic converter. The increasing disposable income, increasing environmental concerns, and lifestyle changes increase the demand for efficient vehicles, thereby supporting the automotive catalytic converter market. Other factors driving market growth include technological advancement, and upcoming emission regulations in Asia. New emerging markets, emerging consumer demographics, and significant investments in research and development would provide numerous growth opportunities in the market during the forecast period.
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The North America Automotive Catalytic Converter Market is expected to dominate the global market during the forecast period. This is due to high living standards and high disposable income supporting the growth of the automotive industry. Presence of global players in these countries taps market potential and boosts the market growth. Increasing technological advancements and significant investments in research and development in automotive catalytic converters in vehicles boosts the market growth. The stringent government regulations regarding emissions and fuel efficiency further support the automotive catalytic converter market growth in this region. Governments in the region have introduced several laws and regulations to monitor vehicular emission. These regulations have mandated automobile manufacturers to use advanced technologies to combat high emission levels in vehicles
The different types of automotive catalytic converters include two-way oxidation catalytic converter, three-way oxidation-reduction catalytic converter, and diesel oxidation catalytic converter. The three-way oxidation-reduction catalytic converter is expected to dominate the global automotive catalytic converter market in 2017 owing to significant increase in the demand for gasoline vehicles. The stringent emission regulations primarily drive the growth of this segment.
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The leading companies profiled in the Automotive Catalytic Converter Market include Magneti Marelli S.P.A., Faurecia SA, Sango Co.Ltd., Benteler International AG, Futaba Industrial Co. Ltd. ,BASF Catalysts LLC, European Exhaust and Catalyst Ltd, Deccats, Yutaka Giken Co. Ltd., and Calsonic Kansei Corporation among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
- Automotive Catalytic Converter Market Size and Forecast, 2017-2026 by Type
- Two-Way Oxidation Catalytic Converter
- Three-Way Oxidation-Reduction Catalytic Converter
- Diesel Oxidation Catalytic Converter
- Automotive Catalytic Converter Market Size and Forecast, 2017-2026 by Catalyst
- Platinum
- Rhodium
- Palladium
- Others
- Automotive Catalytic Converter Market Size and Forecast, 2017-2026 by Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
- Automotive Catalytic Converter Market Size and Forecast, 2017-2026 by Region
- North America
- US.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Latin America
- Brazil
- Middle East & Africa
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The worldwide Automotive Catalytic Converter Market is anticipated to reach over USD 327.9 billion by 2026 according to a new research published by Polaris Market Research.
In 2017, North America accounted for the majority share in the global Automotive Catalytic Converter market.
The increasing demand and production of vehicles majorly drives the Automotive Catalytic Converter Market growth.
The increasing regulations regarding emissions and fuel efficiency boosts the adoption of automotive catalytic converter.
New emerging markets, emerging consumer demographics, and significant investments in research and development would provide numerous growth opportunities in the market during the forecast period.
The stringent government regulations regarding emissions and fuel efficiency further support the automotive catalytic converter market growth in this region.
The global Automotive Lighting market is anticipated to reach around USD 48.08 billion by 2026 according to a new research published by Polaris Market Research.
The expanding global automotive industry, along with increasing demand for passenger cars majorly drives the Automotive Lighting Market growth.
New emerging markets, emerging consumer demographics, and increasing adoption of eco-friendly lighting solutions would provide growth opportunities for automotive lighting market in the coming years.
The introduction of stringent government regulations regarding vehicular safety and use of eco-friendly lighting solutions accelerates the adoption of automotive lighting in the region.
The economic growth in countries such as China, Japan, and India, rising living standards and growing disposable income further increases the demand of automobiles in the region.
Expansion of global players into these countries to tap market potential boosts the Automotive Lighting Market Growth.
Industrial enzymes market is Enzymes can be obtained from a variety of sources, including animal, bacterial, fungal, yeast, and plant sources.
In addition, the paper industry, the beverage industry, personal care, the demand to convert the flour industry into glucose and various syrups are the main reasons for the market growth of industrial enzymes.However, limited restrictions on the use of enzymes with limited thermostability and narrow surface area are the main factor hindering the growth of the market for industrial enzymes.
In addition, strict government regulations regarding the use of industrial enzymes are a major factor hindering the growth of the industrial enzymes market.North America industrial enzymes market is expected to gain market growth in the forecast period of 2020 to 2027.
Data Bridge Market Research analyses the market growth at a CAGR of 6.2 % in the above-mentioned forecast period.
This North America Industrial Enzymes Market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of Cardinal Health industry.
The report also recognizes and analyses the rising trends along with major drivers, challenges and opportunities in the market.
