Global Automotive Catalytic Converters Market Analysis - Industry Size, Share, Trends and Forecast, 2018 - 2025

Published - Sep 2018 | Category - Automobile & Transportation | No. of Pages - 150 | Published By - ARC

Introduction

Automotive catalytic converter is an exhaust emission control device that converts toxic gases and pollutants in exhaust gas from an internal combustion engine into less-toxic pollutants by catalysing a redox reaction. The catalytic converter is part of the automobile exhaust system. It converts harmful compounds in exhaust into harmless compounds. The catalytic converter, which resembles a muffler in shape, is between the engine and the muffler. Due to such conversion of toxic gases and pollutants the global automotive catalytic converter market is in demand.

Market Drivers

The global automotive catalytic converter market is driven by factors such as stringent emission and fuel efficiency regulations around the globe as well as rising vehicle production, sales. Now days, the vehicle manufacturers primarily focus on elimination of harmful emissions as well as improve the efficiency of vehicles. The increased demand for the catalytic converter is driven by stringent emission standards worldwide to protect the environment and prevent the hazardous effects of global warming. Also, the increase in number of vehicles across the globe navigates the demand in the market.


 

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