Global Catalytic Converter Market Size to Surpass USD 387.60 Billion at a CAGR of 8.6% Growth By 2034

Zion Market Research has published a new report titled “Catalytic Converter Market By Product Type (Two-Way, Three-Way, Diesel Oxidation Catalyst, SCR (Selective Catalytic Reduction)), By Material (Platinum, Palladium, Rhodium, Others), By Vehicle Type (Passenger Cars, Commercial Vehicles, Off-Highway Vehicles), By End-user (OEM, Aftermarket), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034”. According to the report, the global catalytic converter market size was valued at approximately USD 169.86 Billion in 2024 and is predicted to reach around USD 387.60 Billion by the end of 2034, expanding at a CAGR of around 8.6% from 2025 to 2034.

A catalytic converter is an emission control device that helps in reducing emissions caused by fuel combustion within automobiles. Catalytic converter assists in removing toxic compounds including carbon monoxide, nitrogen oxide, and hydrocarbon from the vehicles exhaust system.

Browse the full “Catalytic Converter Market By Product Type (Two-Way, Three-Way, Diesel Oxidation Catalyst, SCR (Selective Catalytic Reduction)), By Material (Platinum, Palladium, Rhodium, Others), By Vehicle Type (Passenger Cars, Commercial Vehicles, Off-Highway Vehicles), By End-user (OEM, Aftermarket), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034” Report at https://www.zionmarketresearch.com/report/catalytic-converter-market

Stringent fuel efficiency and emission regulations globally to influence the demand for catalytic converters are expected to drive the global catalytic converter market. Moreover, the increasing vehicle sales and production are likely to further fuel this market’s growth. However, the rising demand for electric vehicles might impede the catalytic converter market on a global scale in the long run. Nevertheless, nanoparticles for catalytic reduction and forthcoming emission regulations and developing automotive industry in South Asia are likely to offer new growth opportunities in the global catalytic converter market in the years to come.

The global catalytic converter market is segmented based on product and material. By product type, the global catalytic converter market includes three-way oxidation-reduction, two-way oxidation, and a diesel oxidation catalyst. The two-way oxidation segment is anticipated to dominate the global market in the upcoming years, owing to the rising product demand by the automobile sector. By material, the global the catalytic converter market is classified into rhodium, platinum, and palladium. Rhodium segment is projected to grow substantially in the future, owing to the increasing adoption of catalytic converters by the automotive sector.

By geography, the Asia Pacific catalytic converter market is projected to expand at a substantial rate over the forecast time period. This can be attributed to the rising per capita income, improved rural infrastructure, the rising vehicle production, and rapid demand for passenger cars from emerging economies. Evolving economies and the infrastructural development are driving the catalytic converters over the forecast time period. Europe is the second largest contributor in terms of volume and value of the global catalytic converter market, owing to the rising product demand from the automotive industry. North America is anticipated to show a moderate rate of growth in the catalytic converter market. The Middle East and Africa and Latin America are projected to show a sluggish rate of growth over the forecast time period due to low consumer spending.

Catalytic Converter Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the catalytic converter market on a global and regional basis.

The global catalytic converter market is dominated by players like:

• Futaba Corporation
• Clean Diesel Technologies Inc.
• Tenneco Inc.
• Eberspaecher GmbH Holding & Co.
• Faurecia SA
• Calsonic Kansei Corporation
• Standard Motor Products Europe Ltd.
• HJS Emission Technology GmbH & Co. KG.
• Benteler International AG
• Tenneco Inc.
• Magneti Marelli S.P.A
• BASF Catalysts LLC.
• and Jetex Exhausts Ltd.

This report segments the global catalytic converter market into:

Global Catalytic Converter market: Type Analysis

• Three-Way Oxidation-Reduction Catalytic Converter
• Two-Way Oxidation Catalytic Converter
• Diesel Oxidation Catalyst

Global Catalytic Converter market: Material Analysis

• Rhodium
• Platinum
• Palladium

Global Catalytic Converter market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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