Catalytic Converter Market is driven by Increasing Demand for SCR in Heavy Diesel Engines

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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.  
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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
projected to grow from USD 42.4 billion in 2018
to USD 73.1 billion by 2025, at a CAGR of
8.10. Download our free PDF Brochure and gain
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Expansions and new product developments are the
two most prevailing strategies to expand business
in this market. For example, in December 2018,
BASF invested in a new production facility for
mobile emissions catalysts at its Pudong site in
Shanghai, China. The new 30,000 m2 facility will
house multiple manufacturing lines, providing a
full range of emissions control technologies for
heavy- and light-duty vehicle manufacturers.
Construction is underway, with operations planned
for the end of 2019. Additionally, in February
2016, Continental announced that it has started
producing urea sensors for more efficient exhaust
gas aftertreatment in diesel engines. Request
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Browse gtgt 123 market data
tables 64 figures
211 pages and in-depth TOC on
Catalytic Converter Market - Global
Forecast to 2025 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
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Catalytic converter manufacturers need to focus
on high performance catalysts that will offer
harmless emission of exhaust gases. For instance,
Tenneco presented its latest ride performance and
clean air solutions that reduce emissions,
contribute to improved fuel economy, and enhance
vehicle performance at the 2017 North American
Commercial Vehicle Show in Atlanta, Georgia. The
company will present the newest member of the
XNOx technology family, XNOx Liquid Urea SCR. In
Europe, as of 2015, Euro VI emissions standards
are followed. As per these standards, heavy-duty
vehicles are required to reduce NOx exhaust
emissions by 80 and particulate matter exhaust
emissions by 50. Similar upgrading is followed
in the North American and Asia Oceania
regions. Request for sample https//www.marketsa
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• Report Objectives
• To define, describe, and forecast the global
  catalytic converter market based on type,
  material, aftermarket, off-highway vehicle,
  vehicle type, and region
• To forecast the catalytic converter market, by
  volume and value, on the basis of type three-way
  catalytic converter (TWCC), four-way catalytic
  converter (FWCC), diesel oxidation catalyst
  (DOC), selective catalytic reduction (SCR), and
  lean NOx trap (LNT)
• To forecast the catalytic converter market, by
  volume and value, on the basis material
  (platinum, palladium, rhodium, and others)
• To forecast the catalytic converter market, in
  terms of volume and value, based on vehicle type
  (passenger car, LCV, bus, and truck)
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Key players - The catalytic converter market is
dominated by the global players and comprises
several regional players. Some of the key players
in the catalytic converter market are Faurecia
(France), Tenneco (US), Continental (Germany),
Eberspächer (Germany), Johnson Maththey (UK),
Umicore (Belgium), Futaba (Japan), BAEF
(Germany), CDTI Materials (US), and Benteler
International (Austria).
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