Global Catalytic Converter Market Growth 2023-2029

Global Catalytic Converter Market Growth 2023-2029

A catalytic converter is an exhaust emission control device that converts toxic gases and pollutants in exhaust gas from an internal combustion engine into less-toxic pollutants by catalyzing a redox reaction (an oxidation and a reduction reaction).

LPI (LP Information)' newest research report, the “Catalytic Converter Industry Forecast” looks at past sales and reviews total world Catalytic Converter sales in 2022, providing a comprehensive analysis by region and market sector of projected Catalytic Converter sales for 2023 through 2029. With Catalytic Converter sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Catalytic Converter industry.

This Insight Report provides a comprehensive analysis of the global Catalytic Converter landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Catalytic Converter portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Catalytic Converter market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Catalytic Converter and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Catalytic Converter.

The global Catalytic Converter market size is projected to grow from US$ 50670 million in 2022 to US$ 80010 million in 2029; it is expected to grow at a CAGR of 80010 from 2023 to 2029.

China region is the largest supplier of automotive catalytic converters, with a production market share nearly 29% in 2017. Europe is the second largest supplier of automotive catalytic converters, enjoying production market share nearly 26% in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Catalytic Converter market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Two-Way Converters
Three-Way Converters
Other

Segmentation by application
Passenger Vehicle
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Faurecia
Sango
Eberspacher
Katcon
Tenneco
Boysen
Sejong
Calsonic Kansei
Bosal
Yutaka
Magneti Marelli
Weifu Lida
Chongqing Hiter
Futaba
Liuzhou Lihe
Brillient Tiger
Tianjin Catarc

Key Questions Addressed in this Report

What is the 10-year outlook for the global Catalytic Converter market?

What factors are driving Catalytic Converter market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Catalytic Converter market opportunities vary by end market size?

How does Catalytic Converter break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.