The catalytic converter market is anticipated to grow at a CAGR of 8.3% during the forecast period (2023-2030). The growth of the industry is anticipated to be driven by technological progress and the rising production of automobiles in emerging economies like China and India. Market expansion is also influenced positively by stringent emissions-related regulations imposed by governments globally and the increasing awareness among automobile users.
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The global catalytic converter market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among regions, the Asia Pacific region is the largest market for the global catalytic converter industry mainly due to region’s significant share in global automotive production and getting stringent environmental regulations. As per the data from OICA, China, Japan, India, South Korea are 4 of the top 5 countries with highest automotive production globally in 2022, holding 51.3% of the global automotive production.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global catalytic converter market by vehicle type
- Passenger Vehicles
- Commercial Vehicles
Global catalytic converter market by type
- Two-way catalytic converter
- Three-way catalytic converter
- Other types (Oxidation Catalyst, Dual-bed Catalyst)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Borla Performance Industries Inc.
- Bosal International
- Cataler Corporation (Toyota)
- Clean Diesel Technologies Inc.
- Corning Incorporated
- Eberspacher Group
- Eminox Ltd. (Hexadex Group)
- FORVIA SE
- FUTABA INDUSTRIAL CO., LTD.
- Hanwoo Industrial Co. Ltd
- HJS Emission Technology GmbH & Co. KG
- Jetex Exhausts Ltd.
- Johnson Matthey Group
- Katcon Global
- Katcon SA de CV
- Sango Kanto Co., Ltd.
- Sejong Industrial Co.,Ltd.
- Tenneco Inc. (Apollo Global Management)
- Tianjin Catarc Auto Hi-Tech Company
- Umicore
- Yutaka Giken Company Limited (Honda Motor Co., Ltd)
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the catalytic converter market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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