Catalytic Converters Market Growth| COVID-19 Impact

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Segmentation

Market Research Future has presented in their report an overall segmental analysis of the global Catalytic Converters Market Growth based on material, region, product, and application. Based on material, the global Catalytic Converters Market Growth has been segmented into rhodium, palladium, platinum, and others. Based on region, the market has been segmented into Asia Pacific, Europe, North America, and others. Based on product, the market has been segmented into three-way catalytic converter, diesel oxidation catalyst, two-way catalytic converter, and others. Based on application, the market has been segmented full-size segment, mid-size segment, and entry-level segment.

Regional Analysis

The Europe region is estimated to lead the Catalytic Converters Market Growth due to the high demand of automobiles coupled with the presence of key manufacturers in the region. The region is identified with immense research and development activities. The Asia-Pacific region is also projected to develop rapidly in the market as the emerging economies of the region are gradually coming up as a focal point for the automobile makers.

The device treats the exhaust before it is emitted outside the vehicle, removing a lot of pollution in the process. Today, most of the vehicles are equipped with three-way catalytic converters. The emissions that are controlled by the device works in three way, hence the name "Three-way”.

Key Players

The global Catalytic Converters Market Growth has been dominated by key players such as Benteler International AG (Germany), Faurecia SA (France), Calsonic Kansei Corporation (Japan), Eberspächer Group (Germany), Tenneco, Inc. (U.S.),  Yutaka Giken Company Limited (Japan),  Sango Co., Ltd (Japan), Futaba Industrial Co., Ltd. (Japan), Bosal International N.V. (Belgium), Magneti Marelli S.p.A (Italy), and others.