Press Releases

The global automotive catalytic converter market growth is anticipated to be 8.8% during the forecast period. The automotive catalytic converter is a device that is used in the exhaust system of the vehicle to eradicate unwanted toxic gases like carbon monoxide, hydrocarbon, and nitrogen oxide. Palladium, rhodium, platinum, and other metals are typically utilized as catalysts in converters. Palladium is the most commonly utilized catalyst in automotive converters because it is inexpensive and has superior efficiency and reactivity than other materials. Factors attributing to the market growth of the global automotive catalytic converter industry include improvement in vehicle efficacy, technological development, surge in global vehicular production and sales, and stringent emission-related regulations by the government will drive the market expansion of the global automotive catalytic converter industry. Further, the increased investment in the automobile industry and rising disposable income in emerging countries, increased adoption of gas and pollutant filters will proliferate market growth. Nevertheless, the application of nanotechnology has significantly reduced the use of large particles of costly noble metals. As a result, many new market entrants have modified nanoparticles to achieve lower gas emissions.

In October 2022, Boysen USA, a subsidiary of the German-based Boysen Group, intends to expand its presence in South Carolina by opening a new facility in Spartanburg County. The $4.5 million investment will result in the creation of 88 new jobs. Boysen USA, a leader in automotive exhaust technology, designs and manufactures exhaust manifolds, catalytic converters, particulate traps, silencers, and complete exhaust systems for OEMs.

Bowse 53 market data Tables and 35 Figures spread through 200 Pages and in-depth TOC on " Automotive Catalytic Converter Market by Material (Palladium, Platinum, Rhodium, and Others), by Product (Four-Way Catalytic Converter, Three-Way Oxidation-Reduction Catalytic Converter, Two-Way Oxidation Catalytic Converter, and Diesel Oxidation Catalyst), by Vehicle Type (Light Commercial Vehicles, Heavy Commercial Vehicles, and Passenger Cars), and Region - Global Forecast to 2030

By Material, Palladium Segment is anticipated to have the fastest growth during the forecast period.

Based on Material, the Global Automotive Catalytic Converter Market is classified into Palladium, Platinum, Rhodium, and Others. Palladium is expected to grow at a faster rate and is preferred over platinum as it offers high thermal stability, less cost, and is robust in nature. They are also preferred because of their robustness and reactivity at high temperatures, which enable them to produce better oxidation. Also, rhodium and palladium material is extensively deployed as catalysts in three-way oxidation-reduction catalytic converters, thereby driving the market growth.

Global Automotive Catalytic Converter Market Segmentation Analysis

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“North America is anticipated to witness a high CAGR in the Automotive Catalytic Converter Market during the forecast period.”

North America is anticipated to have a high CAGR during the forecast period owing to rising environmental concerns, improved road infrastructure and strict exhaust noise norms. Moreover, the rising market demand for vehicles in Mexico, Canada, and US will propel the market growth during the forecast period.

Some of the major players in the global Automotive Catalytic Converter industry include Faurecia, Marelli Europe S.p.A., Eberspächer, Tenneco Inc., Yutaka Giken Company Limited., FUTABA INDUSTRIAL CO.,LTD., Sango Co., Ltd, BOSAL, Johnson Matthey, and Boysen.

Scope of the Report

Global Automotive Catalytic Converter Market Coverage

Material Insight and Forecast 2018-2030

• Palladium
• Platinum
• Rhodium
• Others

Product Insight and Forecast 2018-2030

• Four-Way Catalytic Converter (FWCC)
• Three-Way Oxidation-Reduction Catalytic Converter (TWCC)
• Two-Way Oxidation Catalytic Converter
• Diesel Oxidation Catalyst

Vehicle Type Insight and Forecast 2018-2030

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

Geographical Segmentation

Automotive Catalytic Converter Market by Region

North America

• By Material
• By Product
• By Vehicle Type
• By Country – U.S., Canada, and Mexico

Europe

• By Material
• By Product
• By Vehicle Type
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Material
• By Product
• By Vehicle Type
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Material
• By Product
• By Vehicle Type
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries