Catalytic Converter Market to Grow at a Remarkable Pace in the Coming Years

1
Catalytic Converter Market worth 55.16 Billion
USD by 2021
www.MarketsandMarkets.com
2
Catalytic Converter Market - Global Forecast to
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.
Stringent fuel efficiency norms, increasing
vehicle demand, and production are the major
drivers for the catalytic converter market. PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfd
ownload.asp?id128255548

3
Selective Catalytic Reduction (SCR) is
projected to be the largest catalytic converter
type 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.
4
The market for Palladium-based catalytic
converters is estimated to witness the fastest
growth in the catalytic converter materials
market Palladium is used as an oxidation
catalyst in the Three-way Catalytic Converter
(TWC) and Diesel Oxidation Catalyst (DOC). As
palladium is cheaper as compared to platinum,
most of the gasoline catalytic converters are now
based on palladium. The additional advantages of
palladium are that it is the strongest among the
Platinum Group Metals (PGM), in terms of
capturing the oxygen atoms, and it is more
reactive at higher temperatures, thus, providing
better oxidation. RequestSample_at_
https//www.marketsandmarkets.com/requestsample.as
p?id128255548
5
Asia-Oceania region is the leading market in
terms of catalytic converter demand Asia-Oceania
is estimated to dominate the catalytic converter
market for the automotive industry, as the region
represents countries such as China, Japan, South
Korea, and India with the worlds highest vehicle
production. According to the Organisation
Internationale des Constructeurs d Automobiles
(OICA) publication, these countries together
contributed 48 to the global vehicle production
in 2015. Additionally, Asia-Oceania has created
promising opportunities for automobile
manufacturers and automotive component suppliers.
6
Browse gtgt 90 market data
tables 61 figures
164 pages and in-depth TOC on
Catalytic Converter Market - Global Forecast to
2021 Early buyers will receive 10
customization on this report. This is a Premium
Report Priced at US 5650 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
7
Contact Mr. Shelly Singh MarketsandMarkets INC.
630 Dundee Road Suite 430 Northbrook, IL 60062
USA 1-888-600-6441 sales_at_marketsandmarkets.com