A catalytic converter is a device used to decrease the harmful emissions from an internal combustion engine mostly used in modern-day vehicles and automobiles. Additionally, less amount of oxygen is available in these engines for oxidization of carbon fuel completely into carbon dioxide and water thus, toxic by-products are generated. Moreover, catalytic converters are used in exhaust systems to provide a site for the oxidation and reduction of toxic substances such as nitrogen oxides, carbon monoxide, and hydrocarbons into less hazardous by-products such as carbon dioxide, and water vapor. Catalyst is a chemical substance that enhances the rate of a chemical reaction by taking part in it and remains unchanged at the end of the reaction.
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Leading Key Players Covered in Catalytic Converter market:
BASF SE (Germany), CDTi Advanced Materials Inc. (U. S), Continental AG (Germany), Eberspächer (Germany), Faurecia (France), BOSAL (Belgium), Yutaka Giken Company Limited (Japan), Sejong Industrial Co. Ltd (Korea), Marelli Europe S.p.A (Italy), Sango Co. Ltd (Japan), Tenneco Inc (U. S), Others
The study report goes into great detail on the predicted trends and consumer behavior patterns that will affect the growth of the global Catalytic Converter market. The product, application, and region components of the global Catalytic Converter market research study are separated into three segments. Each division is broken down into chapters that cover numerous aspects. Year-over-year growth graphs and segment-specific drivers and restraints are included in the chapters. The research also includes government estimates for regional markets that have an impact on the global Catalytic Converter industry.
The Report Will Include A Major Chapter
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
Segmentation of Catalytic Converter market:
By Type:
- Three-Way Oxidation-Reduction Catalytic Converter
- Two-Way Oxidation Catalytic Converter
- Diesel Oxidation Catalyst
By Application:
- Passenger Cars
- Light Commercial Vehicles (LCV)
- Heavy Commercial Vehicles (HCV)
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Geographic Segment Covered in the Report
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Industry Development in Catalytic Converter Market
In September 2021, BASF has announced it has acquired expanded Zodiac Enterprises LLC in Caldwell, Texas. With this acquisition, BASF has expanded its chemical catalyst recycling capacity and capability. This acquisition will also enhance BASF's smelting capacity in North America. Moreover, this manufacturing plant will help in recycling precious metals which are used as chemical catalysts in the catalytic converter.
In February 2020, Walker Emissions Control, a leading global manufacturer from DRiV, declared new replacement catalytic converter and muffler product offerings for 16 million vehicles in function in North America. Each Ultra direct-fit converter aids in checking engine light off for emissions codes further, enhances engine performance with OE-style high-technology washcoat and optimal precious metal load, delivering the required decrease in tailpipe emissions to match vehicle utilization.
Reasons to Purchase this Market Report:
- Market forecast analysis through recent trends and SWOT analysis
- Catalytic Converter Market Dynamics Scenarios with Market Growth Opportunities over the Next Year
- Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts
- Catalytic Converter Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market.
- Competitive environment related to the Catalytic Converter market share for key players, along with new projects and strategies that players have adopted over the past five years
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