Global Automotive Catalytic Converter Market to See at CAGR of 6.94% from 2015-2019
A catalytic converter is a device used to convert exhaust emissions such as CO, HC, and NOx into less harmful emissions such as CO2, water, and N2. Precious metals such as platinum, palladium, rhodium, and vanadium are used as a catalyst coat on the ceramic beads in the catalytic converter for the conversion. The automotive catalytic converters are highly priced because of the expensive nature of the precious metals. To meet the growing need for fuel economy and to comply...
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