Selbyville, DE -- (SBWIRE) -- 06/11/2019 -- Global Automotive Catalytic Converter market size will increase to 18300 Million US$ by 2025, from 15100 Million US$ in 2018, at a CAGR of 2.8% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Automotive Catalytic Converter.

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An automotive catalytic converter is a device that uses a catalyst to convert three harmful compounds in car exhaust into harmless compounds. It is a stainless steel box mounted in the exhaust system. Inside is the auto catalyst - a ceramic or metallic substrate with an active coating incorporating chemical compounds (the washcoat) to support a combination of catalytical materials or minerals selected for their effectiveness in the required emissions reductions.

The global average price of automotive catalytic converters is in the decreasing trend, from 128.3 USD/Unit in 2011 to 121.3 USD/Unit in 2015. With the situation of global economy, prices will be in decreasing trend in the following five years.

The classification of automotive catalytic converters includes three-way converter, two-way converter and other type, and the proportion of three-way converter in 2015 is about 83%.

Automotive catalytic converters are widely used in passenger vehicle and commercial vehicle. The most proportion of automotive catalytic converters is used for passenger vehicle, and the consumption proportion in 2015 is about 75%.

China region is the largest supplier of automotive catalytic converters, with a production market share nearly 28% in 2015. Europe is the second largest supplier of automotive catalytic converters, enjoying production market share nearly 26% in 2015.

China is the largest consumption place, with a consumption market share nearly 26% in 2015. Following China, Europe is the second largest consumption place with the consumption market share of 23%.

Market competition is intense. Faurecia, Sango, Eberspacher, Katcon, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.

What pointers are covered in the Automotive Catalytic Converter market research study?

The Automotive Catalytic Converter market report | Elucidated with regards to the regional landscape of the industry:

- The geographical reach of the Automotive Catalytic Converter market has been meticulously segmented into United States, China, Europe, Japan, Southeast Asia & India, according to the report.

- The research enumerates the consumption market share of every region in minute detail, in conjunction with the production market share and revenue.

- Also, the report is inclusive of the growth rate that each region is projected to register over the estimated period.

The Automotive Catalytic Converter market report | Elucidated with regards to the competitive landscape of the industry:

- The competitive expanse of this business has been flawlessly categorized into companies such as Faurecia, Sango, Eberspacher, Katcon, Tenneco, Boysen, Benteler, Sejong, Calsonic Kansei, Bosal, Yutaka, Magneti Marelli, Weifu Lida, Chongqing Hiter, Futaba, Liuzhou Lihe, Brillient Tiger and Tianjin Catarc, as per the Automotive Catalytic Converter market research report.

- Exclusive details pertaining to the contribution that every firm has made to the industry have been outlined in the study. Not to mention, a brief gist of the company description has been provided as well.
- Substantial information subject to the production patterns of each firm and the area that is catered to, has been elucidated.

- The valuation that each company holds, in tandem with the description as well as substantial specifications of the manufactured products have been enumerated in the study as well.

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The Automotive Catalytic Converter market report | Elucidated with regards to some other pointers that would prove vital for stakeholders:

- The Automotive Catalytic Converter market research report includes the product expanse of the Automotive Catalytic Converter market, segmented extensively into Two-Way Converters, Three-Way Converters and Other.

- The market share which each product type holds in the Automotive Catalytic Converter market along with the growth rate that the product is anticipated to register over the forecast time duration have been provided.

- The revenue of each product in question, by the end of the anticipated period in consort with the price patterns of the product have been elucidated in the report.

- The study categorizes, in meticulous aspects, the application scope of the Automotive Catalytic Converter market into OEM market and Replacement market.

- The report encompasses the market share that every application will be accountable for in the Automotive Catalytic Converter market, in addition to the growth rate which each application segment will plausibly record over the projected timeline.

- The valuation that the applications will hold by the end of the expected duration has also been outlined in the study.

The Automotive Catalytic Converter market research study conscientiously mentions a separate section that enumerates details with regards to major parameters like the price fads of key raw material and industrial chain analysis, not to mention, details about the suppliers of the raw material. That said, it is pivotal to mention that the Automotive Catalytic Converter market report also expounds an analysis of the industry distribution chain, further advancing on aspects such as important distributors and the customer pool.

Some of the Major Highlights of TOC covers:

Development Trend of Analysis of Automotive Catalytic Converter Market
- Global Automotive Catalytic Converter Market Trend Analysis
- Global Automotive Catalytic Converter Market Size (Volume and Value) Forecast 2019-2025

Marketing Channel
- Direct Marketing
- Indirect Marketing
- Automotive Catalytic Converter Customers

Market Dynamics
- Market Trends
- Opportunities
- Market Drivers
- Challenges
- Influence Factors

Methodology/Research Approach
- Research Programs/Design
- Market Size Estimation
- Market Breakdown and Data Triangulation
- Data Source

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