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Home » Automotive » Automotive Catalytic Converter Market Size, Share, Trends, and Forecast 2024-2032

Automotive Catalytic Converter Market By Type (Two-way catalytic converter, Three-way catalytic converter, Diesel oxidation catalyst [DOC]); By Material (Platinum, Palladium, Rhodium, Others [e.g., ceramic, metal substrates]); By Vehicle Type (Passenger Cars, Light Commercial Vehicles [LCVs], Heavy Commercial Vehicles [HCVs]); By Fuel Type (Gasoline, Diesel, Hybrid); By Geography, Segment revenue estimation, Forecast, 2024-2032.

Published On: SEP-2024   |   Base Year: 2022   |   No Of Pages: 150   |   Historical Data: 2017-2021   |   Formats: PDF   |   Report ID: 70010853

The automotive catalytic converter market was worth USD 14.2 billion in 2023 and will be worth USD 21.8 billion by 2030, growing at a CAGR of 6.2% during the forecast period.

 

The market for the Automotive Catalytic Converter has been growing due to continuously rising emission norms globally with special emphasis on the developed countries in North America, Europe among others. In 2023, the emissions standards worldwide became stricter as people realized the need to reduce nitrous oxide (NOx) and carbon monoxide (CO) emissions. For instance, environmental standards such as the Euro 6 embraced in the European Union to improve emission control in automobiles have forced manufacturers to include improved catalytic converters in automobiles. The recent development includes using catalytic converters with other superior materials such as palladium and rhodium, and their price has doubled or even tripled over the last three years because of the increasing demand. This innovation is essential in meeting stricter emissions regulations while maintaining vehicle performance, particularly in hybrid and internal combustion engine vehicles.

 

One of the biggest opportunities within the automotive catalytic converter market is the more widespread usage of high-yield automobiles and the demand for environmental protection, particularly in developing countries. By 2023, the global hybrid vehicle market saw a growth rate of over 15%, driving demand for advanced catalytic converters to meet stricter emissions standards while maintaining fuel efficiency. One example is the arrival of new catalytic converters customized for hybrid powertrains that demand better thermal regulation and relatively less emissions control. One of the recent developments includes the formulation of nano-catalysts for catalytic converters, which will enable higher efficiency at lower concentrations of the precious metal, the core of the new opportunity even in developed and developing countries.

 

automotive-catalytic-converter-market-infographics

 

Market Segmentation

By Type:

  • Two-way catalytic converter

  • Three-way catalytic converter

  • Diesel oxidation catalyst (DOC)

 

By Material:

  • Platinum

  • Palladium

  • Rhodium

  • Others (e.g., ceramic, metal substrates)

 

By Vehicle Type:

  • Passenger Cars

  • Light Commercial Vehicles (LCVs)

  • Heavy Commercial Vehicles (HCVs)

 

By Fuel Type:

  • Gasoline

  • Diesel

  • Hybrid

 

By Region

North America

  • US

  • Mexico

  • Canada

  • Rest of North America

 

Europe

  • Switzerland

  • Russia

  • France

  • Germany

  • U.K

  • Finland

  • Turkey

  • Netherlands

  • Belgium

  • Spain

  • Italy

  • Rest of Europe

 

Asia Pacific

  • India

  • China

  • South Korea

  • Japan

  • Singapore

  • Thailand

  • Indonesia

  • Malaysia

  • Philippines

  • Australia

  • Rest of Asia-Pacific

 

LAMEA

  • Brazil

  • Argentina

  • Uruguay

  • Saudi Arabia

  • Rest of LAMEA

 

Europe is the largest region in the Automotive Catalytic Converter market given the increasingly stringent emission controls such as the Euro 6 standards designed to greatly reduce nitrogen oxide (NOx) and particulate matter emission levels from automobiles. In 2023, the European region holds a significant market share because of well-established legislations that pressure automotive manufacturers to use vital catalytic converter technologies. The reduced deadlines of carbon emissions from the automotive sector in the European Union, which has more than 25% emissions, demanded efficient catalyst converters. A recent development includes the integration of advanced three-way catalytic converters in hybrid and gasoline vehicles designed to meet current and future emissions regulations. Companies in the region are investing heavily in research and development of low-cost, high-efficiency converters, further reinforcing Europe's market dominance.

 

Key Players

  • Faurecia SA

  • Tenneco Inc.

  • Magneti Marelli S.p.A.

  • Eberspächer Group

  • Continental AG

  • BASF SE

  • Johnson Matthey

  • Bosal International NV

  • Katcon Global

  • Umicore N.V.

Frequently Asked Question About This Report

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Table of Contents

1.    AUTOMOTIVE CATALYTIC CONVERTER MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030)
1.1. North America
1.2. Europe
1.3. Asia Pacific
1.4. Latin America
1.5. Middle East & Africa
2.    AUTOMOTIVE CATALYTIC CONVERTER MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030)
2.1. North America
2.2. Europe
2.3. Asia Pacific
2.4. Latin America
2.5. Middle East & Africa
3.    MARKET SHARE ANALYSIS – AUTOMOTIVE CATALYTIC CONVERTER MARKET
3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume
3.2. Market Share, 2023
3.3. Market By Type of Automotive Catalytic Converter and End Use Outlook Analysis
4.    HISTORIC TRENDS IN AUTOMOTIVE CATALYTIC CONVERTER MARKET
5.    EMERGING MARKET TRENDS
6.    NORTH AMERICA AUTOMOTIVE CATALYTIC CONVERTER MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
6.1. North America Automotive Catalytic Converter Historical Market ($MILLION), (2017 – 2023)
6.2. North America Automotive Catalytic Converter Market ($MILLION) and Forecasts (2024 – 2030)
6.3. North America Automotive Catalytic Converter Market Type ($MILLION), and Forecasts (2024 – 2030), By Type
6.3.1. Two-way catalytic converter
6.3.2. Three-way catalytic converter
6.3.3. Diesel oxidation catalyst (DOC)
6.4. North America Automotive Catalytic Converter Market Type ($MILLION), and Forecasts (2024 – 2030), By Material
6.4.1. Platinum
6.4.2. Palladium
6.4.3. Rhodium
6.4.4. Others (e.g., ceramic, metal substrates)
6.5. North America Automotive Catalytic Converter Market Type ($MILLION), and Forecasts (2024 – 2030), By Vehicle Type
6.5.1. Passenger Cars
6.5.2. Light Commercial Vehicles (LCVs)
6.5.3. Heavy Commercial Vehicles (HCVs)
6.6. North America Automotive Catalytic Converter Market Type ($MILLION), and Forecasts (2024 – 2030), By Fuel Type
6.6.1. Gasoline
6.6.2. Diesel
6.6.3. Hybrid
6.7. North America Automotive Catalytic Converter Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
6.7.1. USA
6.7.2. Canada
6.7.3. Rest of North America
7.    USA AUTOMOTIVE CATALYTIC CONVERTER MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.    EUROPE AUTOMOTIVE CATALYTIC CONVERTER MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.1. Europe Automotive Catalytic Converter Historical Market ($MILLION), (2017 – 2023)
8.2. Europe Automotive Catalytic Converter Market ($MILLION) and Forecasts (2024 – 2030)
8.3. Europe Automotive Catalytic Converter Market Type ($MILLION), and Forecasts (2024 – 2030), By Type
8.4. Europe Automotive Catalytic Converter Market Type ($MILLION), and Forecasts (2024 – 2030), By Material
8.5. Europe Automotive Catalytic Converter Market Type ($MILLION), and Forecasts (2024 – 2030), By Vehicle Type
8.6. Europe Automotive Catalytic Converter Market Type ($MILLION), and Forecasts (2024 – 2030), By Fuel Type
8.7. Europe Automotive Catalytic Converter Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
8.7.1. Germany
8.7.2. France
8.7.3. UK
8.7.4. Italy
8.7.5. Spain
8.7.6. Rest of Europe
9.    APAC AUTOMOTIVE CATALYTIC CONVERTER MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
9.1. APAC Automotive Catalytic Converter Historical Market ($MILLION), (2017 – 2023)
9.2. APAC Automotive Catalytic Converter Market ($MILLION) and Forecasts (2024 – 2030)
9.3. APAC Automotive Catalytic Converter Market Type ($MILLION), and Forecasts (2024 – 2030), By Type
9.4. APAC Automotive Catalytic Converter Market Type ($MILLION), and Forecasts (2024 – 2030), By Material
9.5. APAC Automotive Catalytic Converter Market Type ($MILLION), and Forecasts (2024 – 2030), By Vehicle Type
9.6. APAC Automotive Catalytic Converter Market Type ($MILLION), and Forecasts (2024 – 2030), By Fuel Type
9.7. APAC Automotive Catalytic Converter Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
9.7.1. China
9.7.2. Japan
9.7.3. South Korea
9.7.4. India
9.7.5. Australia
9.7.6. Rest of APAC
10.    LATIN AMERICA AUTOMOTIVE CATALYTIC CONVERTER MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
10.1. Latin America Automotive Catalytic Converter Historical Market ($MILLION), (2017 – 2023)
10.2. Latin America Automotive Catalytic Converter Market ($MILLION) and Forecasts (2024 – 2030)
10.3. Latin America Automotive Catalytic Converter Market Type ($MILLION), and Forecasts (2024 – 2030), By Type
10.4. Latin America Automotive Catalytic Converter Market Type ($MILLION), and Forecasts (2024 – 2030), By Material
10.5. Latin America Automotive Catalytic Converter Market Type ($MILLION), and Forecasts (2024 – 2030), By Vehicle Type
10.6. Latin America Automotive Catalytic Converter Market Type ($MILLION), and Forecasts (2024 – 2030), By Fuel Type
10.7. Latin America Automotive Catalytic Converter Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
10.7.1. Brazil
10.7.2. Argentina
10.7.3. Rest of Latin America
11.    COMPANY PROFILES:
11.1. FAURECIA SA
11.1.1. Company Overview  
11.1.2. Company Snapshot  
11.1.3. Operating business segments
11.1.4. Product offered and Revenue
11.1.5. Production & Sales
11.2. Tenneco Inc.
11.3. Magneti Marelli S.p.A.
11.4. Eberspächer Group
11.5. Continental AG
11.6. BASF SE
11.7. Johnson Matthey
11.8. OTHER MARKET PLAYERS