Albany, NY (PRWEB) August 08, 2014
China Automotive Three-way Catalytic Converter Supporting Report, 2014-2017 by SinoMarketInsight predicts that the demand for automotive catalytic converter in China will reach 51.24 million sets by 2017.
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Three-way catalysis refers to the catalysis that transforms CO, HC, NOx and other harmful gases in automobile exhaust into harmless carbon dioxide, water, and nitrogen through oxidation and reduction. In 2014, the demand for three-way catalytic converter from passenger vehicle market will hit 39.39 million sets. The forthcoming boom of catalytic converter is largely because of more stringent environmental requirements on automobile, stable growth in automobile output, and emergence of the replacement and maintenance market.
Joint ventures now dominate the Chinese automotive three-way catalytic converter market, such as Faurecia, Tenneco, Eberspaecher, Futaba, Delphi, Boysen, Hirotec, and Sango, which have set up wholly-owned companies or joint ventures in China. The catalytic converters produced by Faurecia are provided to Beijing Hyundai, Dongfeng Passenger Vehicle Company, Dongfeng Yueda Kia, Chery, and Shanghai Volkswagen; Tenneco serves mainly SAIC Motor Passenger Vehicle Co., Shanghai Volkswagen, Shanghai GM, BAIC Motor Corporation Co., Ltd., GM, and Chang'an Suzuki; and Eberspaecher supports FAW-Volkswagen (Golf, Audi), Beijing Benz Automotive, and Tianjin FAW Toyota Motor.
China Automotive Three-way Catalytic Converter Supporting Report, 2014-2017 by SinoMarketInsight contains 6 chapters and 80 charts, covering overview of China’s overall automobile industry, three-way catalytic converter and three-way catalyst market overview, competitive landscape, development trend, and at length, introducing profile, output & sales volume, main products, and supporting companies of 11 large multinational parts companies, including Faurecia, Tenneco, Eberspaecher, Futaba and 16 major Chinese companies.
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