Over the five years to 2012, the Catalytic Converter Manufacturing industry endured the extremely volatile conditions that plagued the entire automotive sector. Because demand for this industry's products is derived largely from original equipment manufacturers (OEMs), the fate of catalytic converter manufacturers correlates highly with the performance of the major automakers. Thus, catalytic converter manufacturers endured two tumultuous years in 2008 and 2009. Automakers, the industry's main customers, encountered rapidly declining demand for vehicles in 2009: new vehicle sales fell 21.4%. However, a recovering economy created an uptick in demand for new vehicles, ramping up production lines at automotive manufacturing plants and fueling demand for catalytic converters. As a result, catalytic converter manufacturing revenue is expected to decline at a lower than expected annual rate over the five years to 2012. And, rising emissions standards and increasing demand for replacement and aftermarket catalytic converters helped sustain demand for catalytic converters over the long-term.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.