Automotive Catalytic Converter Market Report 2024-2032: Shift Towards Sustainable Vehicles, Strict Emission Standards Fuel Adoption [Yahoo! Finance]
BASF SE S/ADR (BASFY)
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Source: Yahoo! Finance
Product (Two-way Oxidation, Three-way Oxidation-reduction, Diesel Oxidation Catalyst), Material (Platinum, Palladium, Rhodium), Vehicle Type (Passenger Cars, Commercial Vehicles), and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering. The global automotive catalytic converter market size reached US$ 14.4 Billion in 2023. Looking forward, the market is set to reach US$ 25.2 Billion by 2032, exhibiting a growth rate (CAGR) of 6.4% during 2023-2032, driven by the rising environmental concerns among the masses, the increasing need for reducing carbon emissions across the globe, and the shifting inclination toward electric vehicles (EVs) and internal combustion engine (ICE) vehicles represent some of the key factors driving the market. Europe was the largest market for automotive catalytic converter. Some of the factors driving the Europe automotive catalytic converter market included raising awareness about environmental issues, the emerging trend of sustain
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