Automotive Catalytic Converter Market 2030 Detailed Analysis Focusing on Application, Types and Regional Outlook

A new report published by Allied Market Research, titled, "Automotive Catalytic Converter Market by Type and Catalyst: Global Opportunity Analysis and Industry Forecast, 2014-2022", projects that the global automotive catalytic converter market size is expected to reach $183.4 billion by 2022, registering a CAGR of 7.7% from 2016 to 2022. In the year 2015, Europe dominated the global market and contributed over 30% of the overall market and anticipated to continue leading the market during the forecast period.

𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.alliedmarketresearch.com/request-sample/1843

The automotive catalytic converter market report offers an in-depth analysis of the 10 prime market players that are active in the market. Moreover, it provides their thorough financial analysis, business strategies, SWOT profile, business overview, and recently launched products & services. In addition, the report offers recent market developments such as market expansion, mergers & acquisitions, and partnerships & collaborations.

The automotive catalytic converter market report provides thorough information about prime end-users and annual forecast during the period from 2022 to 2030. Moreover, it offers revenue forecast for every year coupled with sales growth of the market. The forecasts are provided by skilled analysts in the market and after an in-depth analysis of the geography of the market. These forecasts are essential for gaining insight into the future prospects of the automotive catalytic converter industry.

By catalyst type, the highest market share was attributed by rhodium automotive catalytic converter which accounted for about 44% of the share in the segment. The efficiency toward the removal of toxic exhaust emissions drives the rhodium market for automotive catalytic converters. Henceforth, the rhodium automotive catalytic converter is expected to grow with the highest growth rate i.e., over 8% CAGR during the forecast period.

Pre-Book Now with 10% Discount @ https://www.alliedmarketresearch.com/purchase-enquiry/1843

"Fast paced growth in automotive industry, heavy investment on R&D by automotive manufacturers, and stringent emission control standards worldwide collectively promote the new catalytic converter technologies and thus, their adoption in vehicles is anticipated to increase in the near future " 

Europe dominated the market in 2015, accounting over 30% of the total market revenue, and is expected to maintain its dominance during the forecast period, followed by North America and Asia-Pacific. This is accredited to the presence of various automotive manufacturing facilities, ongoing R&D, and upcoming emission norms such as Euro-V and Euro-VI emission standards.

Key takeaways of the report

• An explanatory portrayal of the global market coupled with the current drifts and future estimations to facilitate the investment pockets

• Major revenue generating segment together with regional trends & opportunities

• Qualitative valuation of market drivers, challenges, opportunities, and trends

• Governing procedures and development bents

• Company portfolios along with their investment plans and financial specifics

• Valuation of recent policies & developments and their impact on the market

The key market players use novel concepts & ideas, improve manufacturing techniques, and improve the current set of products, besides enhancing their profitability to gain a competitive edge over the other market players. The key players profiled in the report include are Faurecai SA, BASF Catalysts LLC, Eberspaecher GmbH Holding & Co., Magneti Marelli S.P.A, Tenneco Inc., Benteler International AG, Calsonic Kansei Corporation, SMPE Ltd., and Clean Diesel Technologies Inc.

Request For Customization @ https://www.alliedmarketresearch.com/request-for-customization/1843

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.