
Global Catalytic Converter Market Size Study & Forecast, by Type, Material, Vehicle Type, Aftermarket, and Regional Forecasts 2025-2035
Description
Global Catalytic Converter Market is valued approximately at USD 67.66 billion in 2024 and is expected to flourish at a compound annual growth rate of over 8.10% during the forecast period 2025-2035. Catalytic converters, indispensable in today’s automotive industry, are engineered to mitigate harmful emissions by converting toxic gases into environmentally benign substances before they exit the vehicle’s exhaust system. With tightening emission regulations, soaring environmental consciousness, and the global push toward cleaner transportation, catalytic converters have transitioned from being merely mandated components to strategic innovations at the core of green automotive engineering. The combination of regulatory enforcement and customer demand for sustainable mobility solutions is accelerating the integration of advanced catalytic converter technologies across both OEM and aftermarket sectors.
The global market is being bolstered by increasing production of internal combustion engine (ICE) vehicles—especially in developing economies—combined with the resurgence of demand in the construction, agriculture, and heavy-duty commercial vehicle segments. While electrification is on the rise, ICE vehicles still dominate the roadways, and their environmental compliance hinges largely on efficient catalytic systems. Key technological strides, such as the application of lightweight rare-earth metals (like palladium and rhodium) and real-time emission tracking sensors, are elevating converter performance while reducing their environmental footprint. Simultaneously, a thriving aftermarket is driven by the need for periodic replacements due to wear, theft, and regulatory upgrades, particularly in older fleets.
Regionally, North America continues to command a substantial market share, underpinned by stringent emission mandates by the U.S. Environmental Protection Agency (EPA), wide-scale vehicle usage, and established automotive infrastructure. Europe remains a strong contributor as well, fueled by Euro 6 and Euro 7 standards, along with the presence of leading automotive OEMs. Meanwhile, Asia Pacific is emerging as the fastest-growing market, driven by rapid motorization in countries like China and India, robust expansion in the commercial vehicle sector, and policy-led efforts to curb vehicular pollution. Increasing localization of manufacturing and the availability of lower-cost catalytic solutions are further amplifying growth in the region.
Major market players included in this report are:
• Faurecia SA
• Tenneco Inc.
• Eberspächer Group
• BASF SE
• Johnson Matthey Plc
• Continental AG
• Umicore
• Benteler International AG
• Katcon Global
• Bosal International
• AP Emissions Technologies
• Marelli Holdings Co., Ltd.
• Futaba Industrial Co., Ltd.
• Car Sound Exhaust System, Inc. (MagnaFlow)
• Jetex Exhausts Ltd.
Global Catalytic Converter Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025-2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.
The detailed segments and sub-segments of the market are explained below:
By Type:
• FWCC (Four-Way Catalytic Converter)
• TWCC (Three-Way Catalytic Converter)
• SCR (Selective Catalytic Reduction)
• DOC (Diesel Oxidation Catalyst)
• LNT (Lean NOx Trap)
By Material:
• Platinum
• Palladium
• Rhodium
By Vehicle Type:
• Passenger Cars
• Light Commercial Vehicles (LCV)
• Buses & Trucks
• Construction Vehicles
• Agriculture & Mining Equipment
By Aftermarket:
• OEM Replacement
• Performance Upgrade
By Region:
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
Latin America
• Brazil
• Mexico
Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
The global market is being bolstered by increasing production of internal combustion engine (ICE) vehicles—especially in developing economies—combined with the resurgence of demand in the construction, agriculture, and heavy-duty commercial vehicle segments. While electrification is on the rise, ICE vehicles still dominate the roadways, and their environmental compliance hinges largely on efficient catalytic systems. Key technological strides, such as the application of lightweight rare-earth metals (like palladium and rhodium) and real-time emission tracking sensors, are elevating converter performance while reducing their environmental footprint. Simultaneously, a thriving aftermarket is driven by the need for periodic replacements due to wear, theft, and regulatory upgrades, particularly in older fleets.
Regionally, North America continues to command a substantial market share, underpinned by stringent emission mandates by the U.S. Environmental Protection Agency (EPA), wide-scale vehicle usage, and established automotive infrastructure. Europe remains a strong contributor as well, fueled by Euro 6 and Euro 7 standards, along with the presence of leading automotive OEMs. Meanwhile, Asia Pacific is emerging as the fastest-growing market, driven by rapid motorization in countries like China and India, robust expansion in the commercial vehicle sector, and policy-led efforts to curb vehicular pollution. Increasing localization of manufacturing and the availability of lower-cost catalytic solutions are further amplifying growth in the region.
Major market players included in this report are:
• Faurecia SA
• Tenneco Inc.
• Eberspächer Group
• BASF SE
• Johnson Matthey Plc
• Continental AG
• Umicore
• Benteler International AG
• Katcon Global
• Bosal International
• AP Emissions Technologies
• Marelli Holdings Co., Ltd.
• Futaba Industrial Co., Ltd.
• Car Sound Exhaust System, Inc. (MagnaFlow)
• Jetex Exhausts Ltd.
Global Catalytic Converter Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025-2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.
The detailed segments and sub-segments of the market are explained below:
By Type:
• FWCC (Four-Way Catalytic Converter)
• TWCC (Three-Way Catalytic Converter)
• SCR (Selective Catalytic Reduction)
• DOC (Diesel Oxidation Catalyst)
• LNT (Lean NOx Trap)
By Material:
• Platinum
• Palladium
• Rhodium
By Vehicle Type:
• Passenger Cars
• Light Commercial Vehicles (LCV)
• Buses & Trucks
• Construction Vehicles
• Agriculture & Mining Equipment
By Aftermarket:
• OEM Replacement
• Performance Upgrade
By Region:
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
Latin America
• Brazil
• Mexico
Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Table of Contents
285 Pages
- Chapter 1. Global Catalytic Converter Market Report Scope & Methodology
- 1.1. Research Objective
- 1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top-Down and Bottom-Up Approach
- 1.3. Research Attributes
- 1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
- 1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study
- Chapter 2. Executive Summary
- 2.1. CEO/CXO Standpoint
- 2.2. Strategic Insights
- 2.3. ESG Analysis
- 2.4. Key Findings
- Chapter 3. Global Catalytic Converter Market Forces Analysis
- 3.1. Market Forces Shaping the Global Catalytic Converter Market (2024–2035)
- 3.2. Drivers
- 3.2.1. Stringent Emission Regulations Driving Retrofit and OEM Integration
- 3.2.2. Surge in ICE Vehicle Production in Developing Economies
- 3.3. Restraints
- 3.3.1. Rising Adoption of Electric Vehicles Reducing ICE Dependence
- 3.3.2. High Cost and Supply Volatility of Precious Metal Catalysts
- 3.4. Opportunities
- 3.4.1. Robust Aftermarket Demand for Replacement and Upgrades
- 3.4.2. Expansion in Commercial, Construction & Agriculture Vehicle Segments
- Chapter 4. Global Catalytic Converter Industry Analysis
- 4.1. Porter’s Five Forces Model
- 4.1.1. Bargaining Power of Buyers
- 4.1.2. Bargaining Power of Suppliers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter’s Five Forces Forecast Model (2024–2035)
- 4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top Investment Opportunities
- 4.5. Top Winning Strategies (2025)
- 4.6. Market Share Analysis (2024–2025)
- 4.7. Global Pricing Analysis and Trends 2025
- 4.8. Analyst Recommendation & Conclusion
- Chapter 5. Global Catalytic Converter Market Size & Forecasts by Type 2025–2035
- 5.1. Market Overview
- 5.2. FWCC (Four-Way Catalytic Converter)
- 5.2.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- 5.2.2. Market Size Analysis, by Region, 2025–2035
- 5.3. TWCC (Three-Way Catalytic Converter)
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- 5.3.2. Market Size Analysis, by Region, 2025–2035
- 5.4. SCR (Selective Catalytic Reduction)
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- 5.4.2. Market Size Analysis, by Region, 2025–2035
- 5.5. DOC (Diesel Oxidation Catalyst)
- 5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- 5.5.2. Market Size Analysis, by Region, 2025–2035
- 5.6. LNT (Lean NOx Trap)
- 5.6.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- 5.6.2. Market Size Analysis, by Region, 2025–2035
- Chapter 6. Global Catalytic Converter Market Size & Forecasts by Material 2025–2035
- 6.1. Market Overview
- 6.2. Platinum
- 6.2.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- 6.2.2. Market Size Analysis, by Region, 2025–2035
- 6.3. Palladium
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- 6.3.2. Market Size Analysis, by Region, 2025–2035
- 6.4. Rhodium
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- 6.4.2. Market Size Analysis, by Region, 2025–2035
- Chapter 7. Global Catalytic Converter Market Size & Forecasts by Vehicle Type & Aftermarket 2025–2035
- 7.1. Market Overview
- 7.2. Passenger Cars
- 7.2.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- 7.2.2. Market Size Analysis, by Region, 2025–2035
- 7.3. Light Commercial Vehicles (LCV)
- 7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- 7.3.2. Market Size Analysis, by Region, 2025–2035
- 7.4. Buses & Trucks
- 7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- 7.4.2. Market Size Analysis, by Region, 2025–2035
- 7.5. Construction Vehicles
- 7.5.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- 7.6. Agriculture & Mining Equipment
- 7.6.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- 7.7. Aftermarket – OEM Replacement
- 7.7.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- 7.8. Aftermarket – Performance Upgrade
- 7.8.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- Chapter 8. Competitive Intelligence
- 8.1. Top Market Strategies
- 8.2. Faurecia SA
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Financial Performance (Subject to Data Availability)
- 8.2.5. Product/Services Portfolio
- 8.2.6. Recent Development
- 8.2.7. Market Strategies
- 8.2.8. SWOT Analysis
- 8.3. Tenneco Inc.
- 8.4. Eberspächer Group
- 8.5. BASF SE
- 8.6. Johnson Matthey Plc
- 8.7. Continental AG
- 8.8. Umicore
- 8.9. Benteler International AG
- 8.10. Katcon Global
- 8.11. Bosal International
- List of Tables
- Table 1. Global Catalytic Converter Market, Report Scope
- Table 2. Global Catalytic Converter Market Estimates & Forecasts by Type 2024–2035
- Table 3. Global Catalytic Converter Market Estimates & Forecasts by Material 2024–2035
- Table 4. Global Catalytic Converter Market Estimates & Forecasts by Vehicle Type 2024–2035
- Table 5. Global Catalytic Converter Market Estimates & Forecasts by Aftermarket 2024–2035
- Table 6. North America Catalytic Converter Market Estimates & Forecasts, 2024–2035
- Table 7. Canada Catalytic Converter Market Estimates & Forecasts, 2024–2035
- Table 8. UK Catalytic Converter Market Estimates & Forecasts, 2024–2035
- Table 9. Germany Catalytic Converter Market Estimates & Forecasts, 2024–2035
- Table 10. France Catalytic Converter Market Estimates & Forecasts, 2024–2035
- Table 11. Spain Catalytic Converter Market Estimates & Forecasts, 2024–2035
- Table 12. Italy Catalytic Converter Market Estimates & Forecasts, 2024–2035
- Table 13. Rest of Europe Catalytic Converter Market Estimates & Forecasts, 2024–2035
- Table 14. China Catalytic Converter Market Estimates & Forecasts, 2024–2035
- Table 15. India Catalytic Converter Market Estimates & Forecasts, 2024–2035
- Table 16. Japan Catalytic Converter Market Estimates & Forecasts, 2024–2035
- Table 17. Australia Catalytic Converter Market Estimates & Forecasts, 2024–2035
- Table 18. South Korea Catalytic Converter Market Estimates & Forecasts, 2024–2035
- Table 19. Brazil Catalytic Converter Market Estimates & Forecasts, 2024–2035
- Table 20. Mexico Catalytic Converter Market Estimates & Forecasts, 2024–2035
- List of Figures
- Figure 1. Global Catalytic Converter Market, Research Methodology
- Figure 2. Global Catalytic Converter Market, Market Estimation Techniques
- Figure 3. Global Catalytic Converter Market Size Estimates & Forecast Methods
- Figure 4. Global Catalytic Converter Market, Key Trends 2025
- Figure 5. Global Catalytic Converter Market, Growth Prospects 2024–2035
- Figure 6. Global Catalytic Converter Market, Porter’s Five Forces Model
- Figure 7. Global Catalytic Converter Market, PESTEL Analysis
- Figure 8. Global Catalytic Converter Market, Value Chain Analysis
- Figure 9. Catalytic Converter Market by Type, 2025 & 2035
- Figure 10. Catalytic Converter Market by Material, 2025 & 2035
- Figure 11. Catalytic Converter Market by Vehicle Type, 2025 & 2035
- Figure 12. Catalytic Converter Aftermarket Share, 2025 & 2035
- Figure 13. North America Catalytic Converter Market, 2025 & 2035
- Figure 14. Europe Catalytic Converter Market, 2025 & 2035
- Figure 15. Asia Pacific Catalytic Converter Market, 2025 & 2035
- Figure 16. Latin America Catalytic Converter Market, 2025 & 2035
- Figure 17. Middle East & Africa Catalytic Converter Market, 2025 & 2035
- Figure 18. Global Catalytic Converter Market, Company Market Share Analysis (2025)
Pricing
Currency Rates
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