Industry Analysis & Industry Trends
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.... purchase to read more
Industry Report - Industry Analysis Chapter
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. However, rising emissions standards and rising demand for replacement and aftermarket catalytic converters over the long-term has helped counteract some of the effects of the automotive sector's collapse.
Demand drivers
Despite long-term trends requiring low emissions from vehicles buoying demand, industry demand buckled at the onset of the recession in 2008... purchase to read more