Albany, NY -- (SBWIRE) -- 06/30/2015 -- 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 with the stringent emissions norms, manufacturers are developing more efficient automotive catalytic converters. The rising demand for and sales of automobiles across the world contributes to the market growth.

Market analysts forecast the global automotive catalytic converter market to grow at a CAGR of 6.94% over the period 2014-2019.

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Covered in this Report

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).
Automotive coatings are products that enhance the appearance and durability of a vehicle by protecting it from external factors such as UV radiation, extreme temperatures, and foreign particles such as stones, rubble, and debris. Automotive OEM coatings are used by automotive manufacturers for the production of new passenger cars, light commercial vehicles, and heavy commercial vehicles. Vendors in the market offer products for four different functional layers: e-coat, primer, basecoat, and clearcoat. These products can be categorized into five types: water-borne coatings, high-solid solvent-borne coatings, conventional solvent-borne coatings, powder coatings, and UV-cure coatings.

Technavio's analysts forecast the global automotive OEM coatings market to grow at a CAGR of 4.81% over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the global automotive OEM coatings market for the period 2015-2019. To arrive at a ranking of the leading vendors and to calculate the market size, the report considers the revenue generated through the sales of automotive OEM coatings.

The report also provides data on the different segments of the market based on the following criteria:
Technology: water-borne, high-solid solvent-borne, conventional solvent-borne, powder, and UV-cure coatings
Functional layer: e-coat, primer, basecoat, and clearcoat
Type of vehicle: passenger cars, light commercial vehicles, heavy commercial vehicles
Geography: APAC, Central and South America, Europe, MEA, and North America

Technavio's report, Global Automotive OEM Coatings Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors
Axalta Coating Systems
BASF
Kansai Paint
Nippon Paint Holding
PPG Industries

Other Prominent Vendors
Akzo Nobel
Beckers
Berger Paints
Jotun
KCC
LORD
MICI Coatings
Sherwin-Williams
Valspar

Market Driver
Provision of Support Services
For a full, detailed list, view our report

Market Challenge
New Coating Process Technologies that Limit Consumption
For a full, detailed list, view our report

Market Trend
Increased Focus on UV-cure Coatings
For a full, detailed list, view our report

Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Recent report, Global Automotive Catalytic Converter Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, the Americas, and EMEA; it also covers the global automotive catalytic converter market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Regions

Americas
APAC
EMEA

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Key Vendors

Benteler International
Eberspächer
Faurecia
Magneti Marelli
Tenneco

Other Prominent Vendors

AP Exhaust Products
BASF Catalysts
Bosal International
Calsonic Kansei North America
Clean Diesel Technologies
Friedrich Boysen
Harbin Airui Automotive Exhaust System
Katcon
Sango
Sejong Industrial
Yutaka Giken

Key Market Driver

Stringent Emission Standards
For a full, detailed list, view our report

Key Market Challenge

Growing Demand and Penetration of EV
For a full, detailed list, view our report

Key Market Trend

Advanced Four-way Catalytic Converter
For a full, detailed list, view our report

Key Questions Answered in this Report

What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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