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New York, US, Oct. 24, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR),” Automotive Carbon Canister Market Research Report: By Type, By Sales Channel, By Vehicle Type and Region – Forecast till 2027”, the global market will reach USD 1714 million at a 4% CAGR by 2027.
Automotive Carbon Canister Market Analysis
Due to rigorous transportation pollution standards, automakers worldwide, particularly in emerging nations, are focusing on producing lightweight, fuel-efficient, and small vehicles. Furthermore, in response to the possibility for fuel shortages and climate change, governments throughout the world have already implemented severe fuel efficiency rules, encouraging both automakers and consumers to begin favoring fuel-efficient automobiles. This is expected to fuel the need for automobile activated carbon canisters.
Eminent players profiled in the global automotive carbon canister market report include,
- Kayser Automotive Systems
- Langfang Huaan Automobile Equipment
- Delphi Automotive PLC
- Asian Industry
- Hengbo Holdings
- Korea Fuel-Tech
- and Tianjin Gelin Lifu New Technology.
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Rise in Vehicular Emission Regulations to offer Robust Opportunities
Automotive pollution standards in fact are a set of quantitative restrictions on the amount of air pollutants that can be released from a vehicle in a certain time frame. These requirements are intended to meet air quality standards while also protecting human health. Regulatory authorities around the world have established rigorous standards and rules on automotive carbon emissions. As this product reduces high capacity hydrocarbon emissions from the vehicle, it is anticipated to fuel the automotive activated carbon canisters industry.
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