Catalytic converter Market to Witness Huge Growth by 2027 - BASF SE, BENTELER, CDTi Advanced Materials, Continental, Eberspächer, Faurecia, Johnson Matthey, Magneti Marelli, Standard Motor Products Europe, Tenneco

A catalytic converter is a device used as exhaust emission control device which reduces toxic gases and pollutants from an internal combustion engine into less-toxic pollutants by a catalyzing a redox reaction. These converters are usually used with internal combustion engines fueled by either gasoline, diesel-including lean-burn engines as well as kerosene heaters and stoves.

The "Global catalytic converter market analysis to 2027" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global catalytic converter market trend analysis. The report aims to provide an overview of the catalytic converter market with detailed market segmentation by vehicle type, material and by off highway vehicle.

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Key Benefits-

• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Catalytic converter Market

• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)

The catalytic converter market is heavily influenced by driving factors such as stringent fuel efficiency & emission regulations around the globe to influence the demand of catalytic converters and also increasing vehicle sales and production boosts the market growth. However, increasing sales of battery electric vehicles is impacting negatively on the growth of this market in the current market scenario.

Leading Key Players:

• BASF SE
• BENTELER International
• CDTi Advanced Materials, Inc.
• Continental AG
• Eberspächer
• Faurecia
• Johnson Matthey
• Magneti Marelli S.p.A
• Standard Motor Products Europe
• Tenneco Inc.

The global catalytic converter market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading catalytic converter market players and offers key trends and opportunities in the catalytic converter market.

The global catalytic converter market is segmented on the basis of type the market is segmented as Three way catalytic converter (TWCC) ,four-way catalytic converter (FWCC),diesel oxidation catalyst (DOC),selective catalytic reduction (SCR) and lean nox trap (LNT).On the basis of vehicle type, material and by off highway vehicle.

Based on vehicle type the market is segmented as passenger car, heavy commercial and Light Commercial Vehicle (LCV), truck and bus. On the basis of material the market is segmented palladium, platinum and rhodium. On the basis of the highway vehicle the market is segmented as agricultural tractors, construction equipment and mining equipment.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Catalytic converter market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.

The catalytic converter market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting catalytic converter market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Catalytic converter market in these regions.

The reports cover key developments in the catalytic converter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations.

These activities have paved way for expansion of business and customer base of market players. The market payers from catalytic converter market are anticipated to lucrative growth opportunities in the future with the rising demand for catalytic converter in the global market. Below mentioned is the list of few companies engaged in the catalytic converter market.

The report also includes the profiles of key catalytic converter companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.

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Reason to Buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Catalytic converter Market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Catalytic converter Market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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This release was published on openPR.