Catalytic Converter Market by Type (FWCC, TWCC, SCR, DOC, and LNT), Material (Platinum, Palladium, and Rhodium), Vehicle Type (Passenger Cars, LCV, Bus & Truck, Construction, and Agriculture & Mining), Aftermarket and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Catalytic Converter Market Overview
The catalytic converter market was valued at USD 12 billion in 2020, and it is expected to reach USD 18 Billion by 2026, registering a CAGR of more than 7% during the forecast period 2021-2028
Catalytic converter reduces the emissions in the automobiles by removing toxic compounds such as carbon monoxide, nitrogen oxide, and hydrocarbon from the exhaust system of vehicles.
The increasing demand for passenger cars along with the rising stringency in emission norms is the factor that has supported long-term expansion for Catalytic Converter Market.
Get a Sample Copy of the Catalytic Converter Market Research Report: https://www.delvens.com/get-free-sample/catalytic-converter-market
The COVID-19 pandemic had a huge impact on the market, owing to the decrease in the number of new passenger and commercial vehicles sold across the world. With different restrictions implemented, even the aftermarket sales of the catalytic converter did not account for good business in 2020. However, with the projected increase in preference for individual mobility, the market expects to grow back to normal economic conditions post-pandemic.
Catalytic Converter Market Regional Analysis
Asia Oceania has the largest market share of vehicle production with about 54–56% of the total vehicle production. China, India, and Japan are the largest vehicle production hubs because of rising urbanization, increasing GDP, and industrialization among others. With the growing vehicle production, vehicle emissions have also increased significantly.
Catalytic Converter Market Competitive Landscape
Key Players
- Faurecia SA
- BASF Catalysts LLC
- Eberspaecher GmbH Holding & Co.
- Magneti Marelli S.P.A
- Tenneco Inc.
- Benteler International AG
- Calsonic Kansei Corporation
- Standard Motor Products Europe Ltd.
Inquire before you purchase to increase your business' revenue: https://www.delvens.com/Inquire-before-buying/catalytic-converter-market
Catalytic Converter Market Recent Developments
- In March 2021, Eberspaecher started a new plant for exhaust technology with an area of 21,000 square meters in Ramos Arizpe, Mexico. With this plant, the company aims to increase the production of exhaust systems with improved efficiency and lesser harmful emissions.
- Air Liquide and Faurecia announce the signature of a joint development agreement to design and produce on-board liquid hydrogen storage systems for the automotive industry. Through this technology partnership, the two companies will accelerate the deployment of zero-emission heavy-duty mobility.
Reasons to Acquire in the Catalytic Converter Market
- Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
- Gain authentic and granular data access for Catalytic Converter Market so as to understand the trends and the factors involved behind changing market situations
- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Direct Purchase of Catalytic Converter Market Report Research Report: https://www.delvens.com/checkout/catalytic-converter-market
Frequently Asked Questions
What are the years considered to study Catalytic Converter Market intelligence report?
What is the compound annual growth rate (CAGR) of the Catalytic Converter Market?
Which region holds the largest market share in Catalytic Converter Market?
Which region is the fastest growing in Catalytic Converter Market?
Who are the major players in Catalytic Converter Market?
Browse Related Reports:
Hybrid Electric Vehicle (HEV) Market – Trends Forecast Till 2030
Hybrid Electric Vehicle Market, By Type, By Application, By Power Source, By Powertrain, By Vehicle and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
Automotive Smart Antenna Market – Trends Forecast Till 2030
Automotive Smart Antenna Market by Antenna Type (Shark-fin, Fixed Mast, Others), by Frequency (High Frequency, Very High Frequency, Ultra-High Frequency), by Component (Transceivers, Electronic Control Unit, Wiring Harness, Others), by Vehicle Type (Passenger Vehicle, Commercial Vehicle, ICE Vehicle, Electric Vehicle) and by Sales Channel (OEM, OES, IAM) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
About Us:
Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.
Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
Contact Us:
UNIT NO. 2126, TOWER B,
21ST FLOOR ALPHATHUM
SECTOR 90 NOIDA 201305, IN
+44-20-8638-5055
As India braces for the exponential growth of internet users—approximately 650M by 2020—we look at the opportunities for fast moving consumer goods (FMCG) brands in India.
As India is going through a digital evolution, it is estimated that by 2020, internet users in India will be around 650 million, which is half the population of the country.
Apart from these, the influence of the internet on FMCG purchases is growing rapidly and much faster than the industry imagined.
In its research report, Google stated that with the growing influence of digital on FMCG in India and its estimated impact by 2020, FMCG companies must rethink their digital strategies and digital media allocation to improve their go-to-market plans.
Some of the key findings stated by researchers in Google:
Digitally influenced FMCG consumption will grow to $45B (4a0% of a $115B market) by 2020.
GEODIS today announced that it has appointed Jürgen Adler as the head of the automotive market, one of the strategic vertical markets in which GEODIS is seeking to expand.Jürgen Adler, age 43, is a German national and holds a degree in Transport and Logistics from the University of Bonn.
He has more than 25 years experience in the logistics and transport sector of the automotive industry.Speaking several languages, he has worked on five continents, principally in Germany, France, China and the United States.His aim will be to address the specific expectations of the sector, which is currently facing significant structural changes as well as ongoing supply chain disruptions, in a sector where “just-in-time” is a standard.
Dec 04, 2018 (Heraldkeeper via COMTEX) -- Market Overview:
Food bars are available in various flavors such as chocolate, fruits, berries, nuts, peanut butter and others and hence are popular among consumers.
Moreover, trend of consuming food bars as a snack is gaining popularity among consumers which will further support its market growth.
However, availability of large number of snacking products may bring threat of substitution, which may hamper growth of food bar market.
High nutritive values of Food bar are driving the market growth for Food bar market.
Food bars are emerged as a healthy, nutrient rich and on the go food in recent times and considered as heathy alternative to other snacking products.
Bio based PET - MARKET ADVISORY SERVICES
Bio-based PET is a biomass-derived fully recyclable, biodegradable, compostable, and renewable bioplastic material.
The material is composed of 30% plant-derived ethanol glycol and 70% fossil-derived terephthalic acid (TPA).First of all the reason for growth of Bio based PET market is that bioplastics, increasing research and development (R) activities by key players in the packaging industry, and rising environmental issues caused by synthetic PET products.
Second growing concerns regarding greenhouse gasses coupled with the emergence of bioplastics as an alternative in the packaging and automotive industry are expected to play a major role in driving growth in the near future.
Furthermore, increasing importance of sustainable packaging, especially in China and India, is expected to have a positive impact on market demand over the few years.
In 2017, the market size of Bio-based PET is 5000 million US$ and it will reach 7980 million US$ in 2023, growing with a CAGR of 10% from 2017.
Buy a used car in Worldwide or sell your 2nd hand car on volgopoint and reach our automotive market of 10+ million buyers in the worldwide.
