Global Automotive Catalytic Converter Market

Apr 2020| VMR2087A| Verified Market Research

Report Highlights

Automotive Catalytic Converter Market Size And Forecast

According to Verified Market Research, Global Automotive Catalytic Converter Market was valued at USD 40.28 Billion in 2018 and is projected to reach USD 73.55 Billion by 2026, growing at a CAGR of 7.78% from 2019 to 2026.

Global Automotive Catalytic Converter Market Outlook

The increasing demand of the consumers for selective catalytic deduction in the engine for good fuel efficiency and safety is the major factor driving the market growth. In addition, the demand for zero-emission vehicles led to imposing a positive impact on market growth. Moreover, the stringent government regulations for environmental safety is the other factor contributes to propelling the market. However, the increasing utilization of the electric vehicle is expected to hinder the growth of the market.

Global Automotive Catalytic Converter Market Competitive Landscape

The Global Automotive Catalytic Converter Market study report will provide valuable insight with an emphasis on the global market including some of the major players such as Futaba, Eberspcher, Faurecia, Continental AG, Tenneco, Johnson Matthey, Umicore, BAEF, CDTI Materials, and Benteler International.

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