The catalytic converter market is projected to grow at a CAGR of 8.05%, to reach a market size of USD 55.16 billion by 2021.
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Study on Catalytic Converter Market highlights key players such as Faurecia SA (France), Tenneco, Inc. (U.S.), Benteler International AG (Germany), Magneti Marelli S.p.A (Italy), Eberspacher Group(Germany), Futaba Industrial Co., Ltd.
(Japan), Calsonic Kansei Corporation (Japan), Sango Co., Ltd (Japan), Yutaka Giken Company Limited (Japan), Bosal International N.V. (Belgium).
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Key Target Audience;
- Manufacturers of the automotive catalytic converter
- Raw material manufacturers of automotive catalytic converter components (suppliers for Tier I)
- Traders, distributors, and suppliers of automotive catalytic converter components or raw materials
- Regional manufacturer associations
- Automotive OEMs
- Organized and unorganized aftermarket suppliers
- Automotive catalytic converter recyclers
- Government’s national and regional environmental regulatory agencies or organizations
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SCR is projected to dominate the catalytic converter market, in terms of value, by 2021. SCR is commonly used in diesel fueled vehicles.
Asia-Oceania and Europe are the leading regions with the highest number of diesel powered vehicles, and hence, these regions are leading the global SCR market. Additionally, Europe has implemented the Euro 6 regulations, in which NOx emission limits have been reduced to 0.08 g/kWh (light-duty diesel vehicles) from 0.18 g/kWh in Euro 5.
This is close to 97% reduction, as compared with the 1990 NOx limits. Countries such as India and China, who are leaders in global vehicle production, also have plans to upgrade their regulations equivalent to Euro 6 by 2020.
This would drive the demand for SCR in these markets, as the technology has benefits over its peer Lean NOx Trap (LNT).
The Asia-Oceania region leads the catalytic converter market, owing to increasing vehicle production in countries such as China and India. Further, the vehicle production in these countries is projected to grow at>6.0% CAGR during the period of next five years.
This has led to the increased demand for catalytic converters in this region. To meet this demand, leading catalytic converter manufacturers such as Faurecia SA (France), Tenneco, Inc.
(U.S.), and Eberspacher Group (Germany) have set up their manufacturing plants in the region. Thus, owing to the presence of leading tier-1 manufacturers and OEMs, the Asia-Oceania region is estimated to be the largest catalytic converter market globally.
Additionally, the rising demand for gasoline fueled passenger cars is expected to have contributed towards the growth of this market.
Key Points From Table Of Content:
12 Key Innovators
12.2 Amminex Emissions Technology
12.2.1 Company Overview
12.2.2 Key Innovation
12.2.3 Impact of Innovation on Automotive Industry
12.3 Toyota Motor Corporation
12.3.1 Company Overview
12.3.2 Key Innovation
12.3.3 Impact of Innovation on Automotive Industry
12.4 Mazda Motor Corporation
12.4.1 Company Overview
12.4.2 Key Innovation
12.4.3 Impact of Innovation on Automotive Industry
12.5 Sdc Materials, Inc
12.5.1 Company Overview
12.5.2 Key Innovation
12.5.3 Impact of Innovation on Automotive Industry
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