Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
Related Topics
Body Worn Insect Repellent Market Size Connected Logistics Market Size Intelligent Traffic Management System Market Size Cold Chain Monitoring Market SizeGlobal Automotive Catalytic Converter Market Size to Exceed USD 324.45 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Automotive Catalytic Converter Market Size Expected to Grow from USD 158.15 Billion in 2023 to USD 324.45 Billion by 2033, at a CAGR of 7.45% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Automotive Catalytic Converter Market Size, Share, and COVID-19 Impact Analysis, By Product (Two-way Oxidation, Three-way Oxidation-reduction, Diesel Oxidation Catalyst), By Material (Platinum, Palladium, Rhodium), By Vehicle Type (Passenger Cars, Commercial Vehicles), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The automotive catalytic converter is referred to as a critical component in vehicles that performs a significant role in reducing the harmful emission of gases and protecting the environment. It works in such a mechanism that converts toxic gases and pollutants into less harmful substances that can exhaust the environment. The component is made up of a robust structural outer shell along with typical manufacturing with stainless steel, due to this it stays strong in the harsh environment which protects the internal component. Some materials such as platinum, rhodium, and palladium assist the outer metallic shell and support it during the chemical reactions. The market is expanding due to the strong emission standards imposed by the several countries authorities. Furthermore, the shifting awareness towards environmental concerns, internal combustion engines (ICE), and other novel innovations in the automobile sector also propelled the market expansion. However, the market expansion is being limited by the electrification of vehicles such as EVs, and Hybrid vehicles, as well as the possibility of getting permission and the high investment cost also restrained the expansion.
The three-way oxidation-reduction segment is projected to hold the largest share of the global automotive catalytic converter market during the projected period.
Based on product, the global automotive catalytic converter market is classified into two-way oxidation, three-way oxidation-reduction, and diesel oxidation catalyst. Among these, the three-way oxidation-reduction segment is projected to hold the largest share of the global automotive catalytic converter market during the projected period. The three-way oxidation and reduction caries out the reduction process of nitrogen oxides at the same the oxidation of unburned hydrocarbons and carbon monoxide gives carbon dioxide and water. All of these reactions are done above 300 degrees. So, this main feature is suited for engine performance.
The rhodium segment is anticipated to hold the largest share of the global automotive catalytic converter market during the forecast period.
On the basis of material, the global automotive catalytic converter market is categorized into platinum, palladium, and rhodium. Among these, the rhodium segment is anticipated to hold the largest share of the global automotive catalytic converter market during the forecast period. The rhodium performs a vital role during the first catalyst stage. It is usually preferred for broad adoption because of the catalytic converter recycling along with eliminating the toxic exhaust emission of oxygen and nitrogen gases.
The passenger car is expected to hold the largest share of the global automotive catalytic converter market in the forecast period.
On the vehicle type, the global automotive catalytic converter market is segmented into passenger cars and commercial vehicles. Among these, the passenger car is expected to hold the largest share of the global automotive catalytic converter market in the forecast period. Passenger cars are majority fuelled with gasoline. The rising urbanization, development of road networking, and individual income disposable drive the passenger segment. The three-way oxidation-reduction assists the gasoline with fewer emissions of fuel which indirectly supports the passenger vehicles.
Asia-Pacific is projected to hold the largest share of the global automotive catalytic controller market over the forecast period.
The main contributors to this region include increasing urbanization, rapid population growth, higher standards of living, the growth of manufacturing, and increasing financial levels. A high rate of air pollution and global warming are being caused by the significant increase in vehicle emissions that has coincided with the growth in vehicle production. The governments of a few developed and developing nations, including China, Japan, and India, have imposed strict vehicle emission regulations in light of this circumstance.
Europe is expected to grow at the fastest pace in the global automotive catalytic controller market during the forecast period. The region has prominent local industry players which propelled the market expansion. Furthermore, the well-established infrastructure and a substantial amount of investment in novel innovation for the automobile sectors welcome new expansion opportunities.
Competitive Analysis
Major vendors in the global automotive catalytic converter market are BASF SE, BENTELER International Aktiengesellschaft, BOSAL Nederland B.V., European Exhaust & Catalyst Ltd, HJS Emission Technology GmbH & Co. KG, Jetex Exhausts Ltd, Sango Co. Ltd., Tenneco Inc., etc.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global automotive catalytic converter market based on the below-mentioned segments:
Global Automotive Catalytic Converter Market, By Product
Global Automotive Catalytic Market, By Material
Global Automotive Catalytic Market, By Vehicle
Global Automotive Catalytic Market, By Regional
Mar 2025 - The Global Animal Feed Enzymes Market Size is Expected to Grow from USD 1.30 Billion in 2023 to USD 2.14 Billion by 2033, at a CAGR of 5.11% during the forecast period 2023-2033.
Mar 2025 - The Global Mulching Materials Market Size is Expected to Grow from USD 3.85 Billion in 2023 to USD 8.24 Billion by 2033, at a CAGR of 7.91% during the forecast period 2023-2033.
Mar 2025 - The Global Feed Palatability Enhancers & Modifiers Market Size is Expected to Grow from USD 3,240.29 Million in 2023 to USD 5,340.19 Million by 2033, at a CAGR of 5.12% during the forecast period 2023-2033.
We have received your message and would like to thank you for writing to us. If your inquiry is urgent, please use the telephone number listed below to talk to one of our staff members. Otherwise, we will reply by email as soon as possible.
+1 303 800 4326 +91 9561448932 emailsales@sphericalinsights.com
