Catalytic Converter Manufacturing
The Catalytic Converter Manufacturing industry produces devices containing a catalyst for converting pollutant gases in vehicle exhaust systems; therefore, demand for industry products is closely tied to demand for automobiles as well as to regulatory standards. More stringent emissions standards and increasing demand for replacement and aftermarket catalytic converters helped sustain demand over the past five years. However, industry growth has been curtailed by fewer new car sales and falling demand from car and automobile manufacturers. Over the next five years, catalytic converter manufacturers will continue to grow. Opportunities for the industry may present themselves in the form of exports, driven by the decreasing value of the US dollar. Demand for industry products will likely continue to grow as more countries adopt stricter air pollution standards. Furthermore, increased aftermarket sales should help bolster sales of catalytic converters.
This industry manufactures catalytic converters that are used in internal combustion engines. These converters remove toxic exhaust emissions, including carbon monoxide and unburned hydrocarbons, from engine output.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.