Global Automotive Catalytic Converters Market to Register USD 15100 Million by 2023

MarketStudyReport.com adds a new Global Automotive Catalytic Converters Market Report evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2023.

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.

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This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Catalytic Converters Market by product type, application, key manufacturers and key regions. Over the next five years, Automotive Catalytic Converters market will register a 2.8% CAGR in terms of revenue, reach US$ 17700 million by 2023, from US$ 15100 million in 2017.

The global average price of automotive catalytic converters is in the decreasing trend, from 128.3 /Unit in 2011 to 121.3 /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%.

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Faurecia, Sango, Eberspacher, Katcon, Tenneco, Boysen, Benteler, Sejong, Calsonic Kansei, Bosal, Yutaka, Magneti Marelli, Weifu Lida, Chongqing Hiter, Futaba, Liuzhou Lihe, Brillient Tiger, Tianjin Catarc.

Segmentation by product type:

Two-Way Converters

Three-Way Converters

Other

Segmentation by application:

Passenger Vehicle

Commercial Vehicle

Research objectives:

To study and analyze the global Automotive Catalytic Converters market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.

To understand the structure of Automotive Catalytic Converters market by identifying its various subsegments.

Focuses on the key global Automotive Catalytic Converters players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Automotive Catalytic Converters with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the size of Automotive Catalytic Converters submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

More Details on this Report At: https://www.marketstudyreport.com/reports/2018-2023-global-automotive-catalytic-converters-consumption-market-report

Related Report:

United States Automotive Catalytic Converters Market Report 2018

In this report, the United States Automotive Catalytic Converters market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.

https://www.marketstudyreport.com/reports/united-states-automotive-catalytic-converters-market-report-2018/?utm_source=RR-PSR

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The post Global Automotive Catalytic Converters Market to Register USD 15100 Million by 2023 appeared first on Herald Keeper.

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