Global Automotive Catalytic Converter Market Overview:
To remove dangerous pollutants including carbon monoxide, nitrogen oxide, and hydrocarbons from an automobile's exhaust system, a catalytic converter is installed. By accelerating the conversion of toxic gases into less hazardous ones, these devices reduce emissions. They go through chemical processes based on oxidation and reduction that transform nitrogen, oxygen, carbon dioxide, and water into nitrogen, nitrogen oxide, and hydrocarbons. The catalytic converter also contributes to improved transportation efficiency. Advancements in the global car industry. The monolithic shapes of the exhaust system are composed of catalytic converters, pipes, mufflers, manifolds, and other components. These improvements have lowered the exhaust's noise level. Vehicles have a favourable effect on the environment and thereby reduce global warming.
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|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
- Stringent Regulation for Fuel Efficiency & Emission
- Growing Aftermarket for Catalytic Converter
- Rising Adoption of Electric Vehicle
- Huge Amount Required for R&D
- Nanoparticles for Catalytic Reduction
- Introduction of Real Drive Emission (RDE) Tests
- Recycling of Automotive Catalysts
- Fluctuating Cost of Metal
Global Automotive Catalytic Converter is a fragmented market due to the presence of numerous players in several countries. The players are focusing on investing more in production and R&D. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Faurecia (France), Tenneco (United States), Johnson Matthey (United Kingdom), Eberspächer (Germany), Umicore (Belgium), Benteler (Germany), Futaba (Japan), BASF (Germany), Continental AG (Germany) and CDTI Materials (United States). Additionally, following companies can also be profiled that are part of our coverage like Nett Technologies (Canada), Katcon (Mexico), Cummins (United States) and Cri Catalyst (United States). Considering Market by Vehicle Type, the sub-segment i.e. Passenger Car will boost the Automotive Catalytic Converter market. Considering Market by Distribution Channels, the sub-segment i.e. Manufacturers will boost the Automotive Catalytic Converter market. Considering Market by Material, the sub-segment i.e. Palladium will boost the Automotive Catalytic Converter market.
Latest Market Insights:
In January 2022, Faurecia acquired Hella, creating the world’s seventh largest automotive supplier. The total value (cash and shares) of this acquisition represents an investment of USD 5.9 billion. Faurecia and HELLA introduced FORVIA, the newly combined Group’s name.
Prices for platinum, palladium, and rhodium have changed significantly during the past 15 years as a result of supply, demand, and speculation. The compositions of the catalysts were directly impacted by these variations and the regulation of pollution standards, which in turn had a substantial impact on demand. Prices for Pd and Rh increased in 2020–2021 as a result of a supply shortfall.
What Can be Explored with the Automotive Catalytic Converter Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Automotive Catalytic Converter Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Automotive Catalytic Converter
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Catalytic Converter market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Automotive Catalytic Converter market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Catalytic Converter OEM, Catalytic Converter Suppliers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.