Automotive Catalytic Converter Market Drivers, Top Players And Industry Report 2033

Overview and Scope

An automotive catalytic converter is a machine that employs a catalyst to change three hazardous compounds into safe ones and consists of three essential components, including rare-earth-based elements, alumina, and precious metals, which all work to increase the metal’s catalytic activity.

 

Sizing and Forecast

The automotive catalytic converter market size has grown strongly in recent years. It will grow from $164.33 billion in 2023 to $178.93 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%.  The growth in the historic period can be attributed to environmental concerns, automotive industry growth, emission standards evolution, rise in vehicle ownership, development of cleaner fuels.

 

The automotive catalytic converter market size is expected to see strong growth in the next few years. It will grow to $255.27 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%.  The growth in the forecast period can be attributed to market penetration in new vehicle types, integration of ai and iot, rising awareness of air quality, shift to euro 7 standards, innovation in materials and manufacturing. Major trends in the forecast period include transition to green vehicles, lightweight materials and design, adoption of next-gen catalysts, integrated emission control solutions, focus on durability and longevity.

 

To access more details regarding this report, visit the link:

https://www.thebusinessresearchcompany.com/report/automotive-catalytic-converter-global-market-report

 

Segmentation & Regional Insights

The automotive catalytic converter market covered in this report is segmented –

1) By Type: Two-Way Catalytic Converter, Three-Way Catalytic Converter, Other Types

2) By Material Type: Platinum, Palladium, Rhodium

3) By Vehicle Type: Two/Three Wheeler, Passenger Vehicle, Light Duty Vehicle, Medium And Heavy Duty Trucks, Bus And Coaches

4) By Sales Channel: Aftermarket, Original Equipment Manufacturer (OEM)

 

Asia-Pacific was the largest region in the automotive catalytic converter market share in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive catalytic converter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

 

Intrigued to explore the contents? Secure your hands-on sample copy of the report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=8490&type=smp

 

Major Driver Impacting Market Growth

The demand for zero-emission vehicles is driving the automotive catalytic converter market. The zero-emission vehicles refer to the modes of transportation that, in which vehicles operate, produce no hazardous emissions that hurt the environment or human health. The increase in global warming due to harmful gases emitted by vehicles has increased the demand for zero-emission vehicles. To reduce hazardous emissions, catalytic converters use reduction and oxidation (redox) reactions, using a reduction catalyst made of platinum and rhodium, which removes nitrogen atoms from nitrogen oxide molecules (NO and NO2). For instance, in June 2022, according to the new ZEV sales data in California, published by California Energy Commission, a US-based energy policy and planning agency,2,50,279 light duty zero emission vehicles were sold in 2021. Therefore, the demand for zero-emission vehicles will drive the growth of the automotive catalytic converter market.

 

Key Industry Players

Major companies operating in the automotive catalytic converter market report are Tenneco Inc., Yutaka Giken Company Limited, Sango Co. Ltd., Faurecia SE, BASF SE, Johnson Matthey Group, Eberspächer Group, Bosal International, BENTELER International AG, Friedrich Boysen GmbH & Co. KG, Wuxi Weifu Lida Catalytic Converter Co. Ltd., Eberspaecher GmbH Holding & Co. KG, Continental AG, European Exhaust and Catalyst Ltd., Deccats, Magneti Marelli S.p.A., Calsonic Kansei Corporation, Katcon S.A. de C.V., Futaba Industrial Co. Ltd, Boysen Ltd., Sejong Industrial Co.Ltd., Hanwoo Industrial Co. Ltd, Umicore NV, Corning Incorporated, Clean Diesel Technologies Inc., DCL International Inc., Dinex A/S, HJS Emission Technology GmbH & Co. KG, Klarius Products Ltd., MagnaFlow, MANN+HUMMEL, NGK Insulators Ltd., Sogefi SpA

 

The automotive catalytic converter market report table of contents includes:

1. Executive Summary
2. Automotive Catalytic Converter Market Characteristics
3. Automotive Catalytic Converter Market Trends And Strategies
4. Automotive Catalytic Converter Market – Macro Economic Scenario
5. Global Automotive Catalytic Converter Market Size and Growth
6. Automotive Catalytic Converter Market Segmentation
7. Automotive Catalytic Converter Market Regional And Country Analysis

……………..

33. Key Mergers And Acquisitions In The Automotive Catalytic Converte Market
34. Automotive Catalytic Converte Market Future Outlook and Potential Analysis
35. Appendix

 

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Automotive Catalytic Converter Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Automotive Catalytic Converter Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Automotive Catalytic Converter Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

………..

Table 75: Tenneco Inc. Financial Performance

Table 76: Yutaka Giken Company Limited Financial Performance

Table 77: Sango Co. Ltd. Financial Performance

Table 78: Faurecia SE Financial Performance

Table 79: BASF SE Financial Performance

 

Explore the trending research reports from TBRC:

https://goodprnews.com/video-processing-platform-market-size/

https://topprnews.com/weathering-steel-market-share/

 

Learn About Us:

The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

 

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

 

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model