Global Automotive Catalytic Converter Market By Type (Two-way oxidation Catalytic Converter, Three-way oxidation-reduction Catalytic Converter, Four-Way Catalytic Converter, Selective Catalytic Reduction, Diesel oxidation, Lean Nox Trap), By Catalyst (Platinum, Palladium, Rhodium, Others), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Truck, Bus, Off-Highway Vehicle (Agriculture Tracto
Published Date: May - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationGlobal Automotive Catalytic Converter Market size
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Global Automotive Catalytic Converter Market was valued at USD 72.31 Billion in 2023 and is expected to reach USD 115.12 Billion by 2029 with a CAGR of 8.14% during the forecast period.
The global automotive catalytic converter market is anticipated to grow at a substantial rate during the forecast period due to the increasing demand for control of vehicular emissions in the environment. Automotive catalytic convertor makes use of catalysts like rhodium or palladium to minimize the emission of pollutants into the environment.
New laws have been formulated and strict rules and regulations, such as EPA norms in USA, China5 in China, EURO6 in Europe and BS6 norms in India, have been imposed by the governments in all these countries to shield the environment from the toxic vehicular emissions, which is expected to boost the growth of the market.
The global automotive catalytic converter market can be segmented on the basis of
Based on regional analysis, Asia-Pacific dominated the automotive catalytic converter market in 2021 due the presence of key market players. Countries like China and India are the top vehicle manufacturers in the region and since there is more vehicle production, stricter norms like China6 and BS6 have been implemented by the respective governments to reduce emissions of hydrocarbons, nitrogen oxides and particulate matter into the environment.
Key Market Trends
Increased Emphasis on Recycling and Recovery of Precious Metals
One of the key trends in the market for catalytic converters is the growing emphasis on recovering and recycling precious metals employed in catalytic converters. The expense of materials such as platinum, palladium, and rhodium is persuading manufacturers and car owners to embrace recycling processes. Used catalytic converters, usually taken out while repairing or modifying vehicles, are being recycled to extract precious metals, which can be reused in new converters. This practice not only lowers the overall price of catalytic converters but also solves environmental issues surrounding mining and resource depletion. The expanding business in the recycling of old catalytic converters offers both new and current players in the industry an attractive chance to drive costs down, increase sustainability, and catch raw material demand up.
Combination of Sophisticated Sensor Technology
Combination of sophisticated sensor technology in catalytic converters represents a main trend since automaker companies try to make emission control systems better as well as continuously monitor their status. Real-time monitoring using sensors can confirm that catalytic converters are running at their optimal efficiency, indicating any problems early on, and avoiding expensive repairs or replacements. Such sensors are able to measure parameters like temperature, exhaust gas composition, and catalyst performance, offering useful feedback for vehicle diagnostic purposes. With tightening emissions controls, there will be greater demand for accurate control of the performance of catalytic converters, and more development of sensor technology integration will ensue. The shift towards sensor-equipped, intelligent catalytic converters will also make predictive maintenance more effective and prolong the life of converters. For example, In August 2023, Converter Defender introduced a new catalytic converter alarm system. It utilizes sophisticated sensors to detect tampering and notifies the owner with a 135dB horn. The system is intended to discourage theft by intimidating thieves.
Shift Towards More Eco-friendly Materials
Another major trend is the increasing trend towards the utilization of more sustainable and environmentally friendly materials in the manufacturing of catalytic converters.
Producers are increasingly looking at minimizing the environmental footprint of manufacturing processes, choosing alternative metals like cerium, and investigating advanced composites to substitute or minimize the use of precious metals. These materials have the potential to reduce costs, enhance recyclability, and decrease the carbon footprint of catalytic converters. With increasing consumer and regulatory pressure to embrace cleaner manufacturing practices, this trend is expected to gain further momentum, particularly in markets where environmental awareness is high. Car manufacturers are looking at the application of new, non-precious metal catalysts to offer a substitute for conventional materials applied in catalytic converters.
Segmental Insights
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Material Type Insights
Rhodium dominated the segment in the catalytic converter market primarily due to its exceptional efficiency in reducing harmful emissions, particularly nitrogen oxides (NOx), which are prevalent in vehicle exhaust gases.
As global environmental regulations tighten, automakers are required to meet stringent emission standards, making rhodium a key component in achieving these targets. Rhodium's catalytic characteristics enable it to efficiently reduce NOx into less toxic compounds such as nitrogen and oxygen, rendering it a vital component in the manufacture of catalytic converters, particularly for gasoline and diesel engines. Rhodium's high price and rarity are partly responsible for its supremacy. Since its availability is limited, it becomes more valuable during production, and the demand for the metal in automotive usage has thus increased. This has placed more emphasis on maximizing the use of rhodium within catalytic converters to improve efficiency while maintaining costs under control.
Its increasing use in diesel cars, which demand stronger emission control technologies, has also increased demand for rhodium-based catalysts. As emissions control technologies see more investments and the environment gains greater awareness, the role of rhodium continues to be significant. With its superior performance and conformity with emissions standards, regardless of being very expensive, rhodium dominates the catalytic converter market because stricter regulations and the drive for cleaner cars continue unabated.
Regional Insights
North America led the global Catalytic Converter Market largely because of stringent emissions regulations, a high rate of vehicle ownership, and ongoing developments in emissions control technology.
The United States, in fact, has strict environmental standards through the Environmental Protection Agency (EPA), which requires automotive manufacturers to achieve tough emissions targets. These regulations, like Tier 3, demand drastic cuts in nitrogen oxide (NOx), hydrocarbons (HC), and carbon monoxide (CO) emissions, compelling manufacturers to implement high-quality catalytic converters on passenger and commercial vehicles. This regulatory pressure creates huge demand for sophisticated catalytic converters designed to meet North American standards. North America's high rate of vehicle ownership, particularly by passenger cars, directly stimulates demand for catalytic converters.
The area has a big, mature automotive market with a high rate of vehicle replacement, and the continuous manufacture of new and replacement vehicles maintains a steady demand for catalytic converters. This is also complemented by an increasing demand for sport utility vehicles (SUVs) and light trucks, which need strong and efficient emission control systems because they consume more fuel and emit more. Technological advancement is also a contributing factor to North America's leadership in markets. Several of the world's top catalytic converter producers are based in North America and enable innovation in emissions control technologies including three-way catalytic converters for gasoline engines and selective catalytic reduction (SCR) systems for diesel engines. These technologies enable adherence to changing emissions regulations and make North America a prime market for the production and use of catalytic converters.
Major players operating in the global automotive catalytic converter market
Eberspaecher GmbH Holding & Co.,
Benteler International AG,
Calsonic Kansei Corporation,
Standard Motor Products Europe Ltd.,
Clean Diesel Technologies Inc.,
BOSAL Group,
Futaba Corporation,
HJS Emission Technology GmbH & Co. KG,
Jetex Exhausts Ltd.,
Johnson Matthey,
Umicore,
Objective of the Study
- To analyze and estimate the market size of global automotive catalytic converter market from 2017 to 2020.
- To estimate and forecast the market size of global automotive catalytic converter market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast global automotive catalytic converter market based on type, catalyst, vehicle type, company and region.
- To identify dominant region or segment in the global automotive catalytic converter market.
- To identify drivers and challenges for global automotive catalytic converter market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global automotive catalytic converter market.
- To conduct pricing analysis for global automotive catalytic converter market.
- To identify and analyze the profile of leading players operating in global automotive catalytic converter market.
- To identify key sustainable strategies adopted by market players in global automotive catalytic converter market.
Key Target Audience
- Automotive catalytic converter manufacturers, suppliers, distributors, and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances related to automotive catalytic converter
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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Attribute |
Details |
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Base Year |
2021 |
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Historical Data |
2017 – 2020 |
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Estimated Year |
2022 |
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Forecast Period |
2023 – 2027 |
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Quantitative Units |
Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
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Segments covered |
· Type · Catalyst · Vehicle Type |
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Regional scope |
North America; Europe; Asia Pacific; South America; Middle East & Africa |
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Country scope |
United States, Mexico, Canada, China, India, Japan, South Korea, Singapore; Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia; Brazil, Argentina, Colombia; |
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Key companies profiled |
Faurecia SA, BASF Catalysts LLC, Eberspaecher GmbH Holding & Co., Magneti Marelli S.P.A, Tenneco Inc., Benteler International AG, Calsonic Kansei Corporation, Standard Motor Products Europe Ltd., Clean Diesel Technologies Inc., BOSAL Group, Futaba Corporation, HJS Emission Technology GmbH & Co. KG, Jetex Exhausts Ltd., Johnson Matthey, Umicore. |
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Customization scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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