Global Catalytic Converter Industry is expected to grow with 7.5% CAGR during the forecast period
The increase in the level of vehicular emissions is leading the governments of emerging countries to increase the stringency of the emission standards. This in turn is expected to increase the need for catalytic converters across automobiles. Automobiles are being equipped with advanced substrates for compliance with the proposed emission standards. Amongst all applications, the mid-sized segment is expected to dominate the Catalytic Converter Industry . The mid-size segment is basically suitable for riders who are willing to look for quality sports performance and for long distance travelling. The region is expected to grow rapidly during the forecast period, owing to the increasing preferences for road trip tourism and adventure tourisms. Now-a-days, Two wheeler Catalytic converter gaining popularity. Two-Wheeler Catalytic Converter is a device which is placed within the exhaust pipe of a two-wheeler and controls the amount of toxic pollutants by causing a redox reaction...