Catalytic Converter Market Set to Reach $73.1 Billion by 2025
The global catalytic converter market was estimated to be worth USD 42.4 billion in 2018 and is poised to reach USD 73.1 billion by 2025, growing at a CAGR of 8.10% from 2018 to 2025. The Asia Oceania region is projected to lead the catalytic converter market during the forecast period owing to the highest vehicle production compared to other regions such as North America and Europe. The increasing...
Catalytic Converter Market Competitive Analysis with Growth Forecast Till 2025
The Catalytic Converter Market is estimated to be USD 42.4 billion in 2018 and is projected to reach USD 73.1 billion by 2025, at a CAGR of 8.10%. The Asia Oceania region is projected to lead the catalytic converter market during the forecast period owing to the highest vehicle production compared to other regions such as North America and Europe. The increasing demand for passenger cars...
Which type of catalytic converter is going to dominate in the future?
The report “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 Region – Global Forecast to 2025″, is estimated to be USD 42.4 billion in 2018 and projected to reach USD 73.1 billion by 2025, at a CAGR of 8.10%....
Catalytic Converter Market is Dominated by The Global Players Faurecia (France), Tenneco (US) and Continental (Germany)
The Catalytic Converter Market
is projected to grow from USD 42.4 billion in 2018 to USD 73.1 billion by 2025,
at a CAGR of 8.10%. The major driving factors for the catalytic converter market
are stringent emission norms, fuel efficiency regulations, and increasing
adoption rate of SCRs in diesel engines around the globe.
The catalytic converter market is dominated by the global
players and comprises...
Catalytic Converter Market Driven by Increased Fuel Efficiency Targets During the Forecast Period – 2021
The Catalytic Converter Market is projected to grow at a CAGR of 8.05% from 2016 to 2021, to reach a market size of USD 55.16 billion by 2021. Decreased emission limits in existing emission regulations and increased fuel efficiency targets are expected to drive the demand for catalytic converters during the forecast period.
The implementation of Euro 6 regulations has decreased NOx limits to 0.08 g/kWh...