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Automotive Catalytic Converter Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021

Automotive Catalytic Converter Industry: Forecasts to 2021

  • October 2015
  • 122 pages
  • ID: 3364490
In this report:
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.
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.

Summary

Table of Contents

This market research study examines the automotive catalytic converter market on overall basis and offers measures in terms of income from 2015 to 2021. It identifies the drivers and market restraints affecting the sector and examines their effect over the outlook period. Furthermore, it features the meaningful opportunities for industry growth in the upcoming six years.

With the advancements in technology, there has been a considerable growth in the automotive catalytic converter market globally. Rigid emission norms including 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 including 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 anticipated to be much more effective and environment friendly as compared to the other existing automotive catalytic converters.

The growth in the overall automotive catalytic converter market is directly related to the increase of the global automobiles market. Therefore, with the growing sales of automobiles globally, the industry demand for automotive catalytic converter is set to grow. In regions including Asia Pacific, Middle East area and African continent, and Latin America area; an immense rise in the usage of passenger vehicles is expected over the estimate period, which is set to bolster the growth of the automotive catalytic converter market.

Rising severe emission norms across the world is the main reason driving the increase of the global automotive catalytic converters market. Catalytic converters emit hazardous particles that are harmful to the environment. Due to the growing pollution and overall warming effects, the governments of several countries have laid down strict guidelines relating to automobile emission. Therefore, the strict emission guidelines have forced the automotive component manufacturers to manufacture environment friendly catalytic converters for domestic and worldwide 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 next years, hybrid and electric vehicles market are anticipated to gain momentum. This is going to have an adverse effect on the overall 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 increasing demand for electric vehicles are set to inhibit the catalytic converters market during the outlook period from 2015 to 2021.

The sector is divided based on geography into Europe (EU), North America continent, Asia Pacific (APAC), Middle East (ME) and African continent, and Latin America area. These segments have been estimated in terms of income. Futhermore, the report has been divided on the basis of category, which comprises, two-way oxidation catalytic converter, three-way oxidation-reduction catalytic converter and diesel oxidation catalyst. Futhermore, the report is also divided by material that contains platinum, palladium and rhodium.

For superior understanding of the automotive catalytic converter market, the market research comprises Analysis of market appeal, where the types are benchmarked based on their market scope, rate of growth and market interest.

The study also offers company market share analysis of the different industry participants. Top players have been profiled and their company overview, financial review, strategic management and recent evolutions have been provided in the study. Main market participants decribed in this industry report contain: Magneti Marelli S.P.A., Faurecia SA, Tenneco Inc., Benteler International AG, Eberspaecher GmbH Holding & Co. KG, BASF Catalysts LLC, Calsonic Kansei Corporation and Clean Diesel Technologies, Incorporated among others

The automotive catalytic converter market has been broken down as:

Overall Automotive Catalytic Converter Market: By category

Overall Automotive Catalytic Converter Market: By Material

Overall Automotive Catalytic Converter Market: By Geography

North America (NA)

US

Canada (CA)

Mexico (MX)

Europe (EU)

UK

Italy (IT)

Spain (ES)

France (FR)

Germany (DE)

Rest of europe (EU)

Asia-Pac

APEJ

China (CN)

India (IN)

Oceania (Australia and New Zealand)

Rest of APEJ

Japan (JP)

Middle East and Africa

Saudi arabia (SA)

Untied arab emirates (uae)

Egypt

South africa (SA)

Rest of middle east and African regions (MEA)

Latin America

Brazil (BR)

Argentina (AR)

Others

The market research offers a cross-sectional analysis of by category and of by material segment with respect to the above mentioned regions.

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