DUBLIN, July 15, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/hxcmsx/global_automotive) has announced the addition of the "Global Automotive Catalytic Converter Market 2015-2019" report to their offering.
The global automotive catalytic converter market to grow at a CAGR of 6.94% over the period 2014-2019.
The global automotive catalytic converter market can be segmented into five divisions on the basis of type: three-way catalysts (TWC), lean NOx catalysts (LNC), lean NOx trap (LNT), selective catalytic reduction (SCR), and diesel oxidation catalyst (DOC). In addition, the market can be segmented into three divisions on the basis of material: platinum, palladium, and others (such as rhodium and vanadium).
With the growing adoption of stringent emission norms and fuel efficiency standards, automotive catalytic converter manufacturers are designing and developing improved and innovative converters to meet the standards. As a result, the industry is now shifting their focus on developing four-way catalytic converters to reduce CO2 emissions.
According to the report, Governments and international authorities worldwide are enacting stern emission standards to control and reduce emission levels because of growing health and environmental concerns. As a result, the demand for automotive catalytic converters is increasing.
Further, the report states that the demand for EVs is increasing at a fast pace globally. EVs reduce the dependence of consumers on gasoline/diesel-based automobiles. They are widely adopted in countries that are focusing on decarbonizing their transport sector.
- Benteler International
- Magneti Marelli
Other Prominent Vendors
- AP Exhaust Products
- BASF Catalysts
- Bosal International
- Calsonic Kansei North America
- Clean Diesel Technologies
- Friedrich Boysen
- Harbin Airui Automotive Exhaust System
- Sejong Industrial
- Yutaka Giken
For more information visit http://www.researchandmarkets.com/research/hxcmsx/global_automotive
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets