The Automotive Catalyst Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Automotive Catalyst Market?
The market size of the automotive catalyst has experienced significant growth lately. The value has increased from $18.13 billion in 2024 to $19.16 billion in 2025, showing a compound annual growth rate (CAGR) of 5.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Automotive Catalyst Industry?
The projected market size of the Automotive Catalyst in 2029 is forecasted to be $24.56 billion, rising at a compound annual growth rate (CAGR) of 6.4%.
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What are the Key Growth Drivers Fueling the Automotive Catalyst Market?
The key drivers in the automotive catalyst market are:
• Rising production of vehicles
• Increase in adoption of electric vehicles
• Growth in global urbanization
• Enhanced government support for automotive catalysts
Global Market Segmentation: Identifying Major Automotive Catalyst Industry Segments
The automotive catalyst market covered in this report is segmented –
1) By Product: Two-Way Catalytic Converter, Three-Way Catalytic Converter, Diesel Oxidation Catalyst
2) By Raw Material: Rhodium, Platinum, Palladium
3) By Application: Heavy-Duty Vehicle, Light-Duty Vehicle, Other Applications
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What are the Emerging Trends Shaping the Future of the Automotive Catalyst Market?
The key trends in the cannabinoids market are:
• Reducing precious metal content within catalysts is a significant future trend.
• The development of lightweight catalysts is an emerging trend.
• The industry is experiencing a shift towards monitoring tailpipe emissions.
• The increase in partnerships and collaborations will strongly shape the future market.
Who Are the Top Competitors & Leading Players in the Automotive Catalyst Market?
Major companies in the automotive catalyst market are:
• BASF SE
• Johnson Matthey
• Umicore N.V.
• Tenneco Inc.
• Clean Diesel Technologies Inc.
• Cummins Inc.
• Ecocat India Pvt. Ltd.
• Clariant
• Cataler Corporation
• Interkat Catalyst GmbH
• Heraeus Precious Metals GmbH & Co. KG
• DCL International Inc.
• Solvay S.A
• Eberspächer
• N.E. CHEMCAT CORPORATION
• Klarius Products Ltd.
• CDTi Advanced Materials Inc.
• IBIDEN Co. Ltd.
• Sinocat Environmental Technology Co. Ltd.
• Haldor Topsoe A/S
• Corning Incorporated
• W. R. Grace & Co.
• Sino-Platinum Metals Co. Ltd.
• N.V. Bekaert S.A.
• Sibanye-Stillwater
• Tanaka Holdings Co. Ltd.
• Clariant International AG
• CRI Catalyst Company LP
• Catalytic Combustion Corporation
• Cormetech Inc.
Regional Dominance: Which Area Leads the Global Automotive Catalyst Market?
Europe was the largest region in the automotive catalyst market in 2024
