Catalytic Converter Market

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Catalytic Converter MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2023-2028
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The Catalytic Converter market size is forecast
to reach 76.24 billion by 2025 growing at a
CAGR of 8.21 during the forecast period
2020-2025. The Growth of Catalytic Converter
industry can be attributed to the phenomenal
growth of automotive market, increasing adoption
of gas and pollutants filters and rising
stringency in Vehicle emission control norms.
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• Key Takeaways
• Catalytic Converter market is growing at the
  highest rate in Asia Pacific followed by North
  America and Europe owing to the rising
  requirement of emission controlling products.
• Palladium and Rhodium are the preferred type of
  materials that are used for the manufacture of
  catalytic converters which accounts for 80 of
  the category share.
• Stringent emission and fuel efficiency
  regulations implemented by governments of various
  nations is expected to fuel the growth of
  catalytic converter market.
• Associated high cost of the raw material may
  create hurdles for the catalytic converter market.

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By Distribution Channel- Segment Analysis On the
basis of type, Selective Catalytic Reduction
segment has been analyzed to grow at the highest
CAGR of 6.34 during the forecast period
2020-2025. The SCR technology offers benefits
including enhanced NOx reduction than LNT by
nearly 90, and hence, it is mostly preferred in
diesel vehicles across the globe. SCR has maximum
installation rate in European and North American
countries owing to the ongoing emission norms
such as Euro 6 and Tier 3 respectively. Europe
has a large adoption rate of diesel passenger
cars and LCVs. Thus, it has a higher installation
rate of SCRs compared to other regions.
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• Catalytic Converter Market Industry Outlook
• Faurecia (France)
• Tenneco (US)
• Continental (Germany)
• Eberspächer (Germany)
• Johnson Maththey (UK)
• Umicore (Belgium)
• Futaba (Japan)
• BAEF (Germany)
• CDTI Materials (US)
• Benteler International (Austria)

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Catalytic Converter Market - Forecast(2023 -
2028) Learn More About the Report
_at_ https//www.industryarc.com/Research/Catalytic-
Converter-Market-Research-501062
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  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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Reddy Contact (1) 970-236-3677 Email
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