The Catalytic Converter 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 Catalytic Converter Market?
The market size of the catalytic converter has seen rapid expansion in the past years. Its growth is projected to increase from $66.08 billion in 2024 to $73.08 billion in 2025, with a compound annual growth rate (CAGR) of 10.6%. The historic growth trend in the Catalytic Converter Global Market Report 2025 market can be seen as impressive and it is expected to continue.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Catalytic Converter Industry?
By 2029, the catalytic converter market is projected to reach $115.29 billion, growing at a compound annual growth rate (CAGR) of 12.1%.
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What are the Key Growth Drivers Fueling the Catalytic Converter Market?
The key drivers in the catalytic converter market are:
• Growing demand for commercial and heavy-duty vehicle emissions control
• Adoption of advanced catalytic converter substrates
• Focus on particulate matter emissions reduction
• Expansion of aftermarket for catalytic converters and replacement parts
Global Market Segmentation: Identifying Major Catalytic Converter Industry Segments
The catalytic converter market covered in this report is segmented –
1) By Type: Three-Way Catalytic Converter (TWCC), Four-Way Catalytic Converter (FWCC), Diesel Oxidation Catalyst (DOC), Selective Catalytic Reduction (SCR), Lean NOx Trap (LNT)
2) By Material: Palladium, Platinum, Rhodium
3) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Truck, Bus
4) By Off-Highway Vehicle Type: Agricultural Tractors, Construction Equipment, Mining Equipment
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What are the Emerging Trends Shaping the Future of the Catalytic Converter Market?
The key trends in the financial analytics market are:
• There is an increasing adoption of advanced catalytic converter substrates and selective catalytic reduction (SCR) technology.
• A focus on the reduction of particulate matter emissions is shaping the market.
• There is a growing application of catalytic converters in non-automotive sectors like industrial processes.
• There is development towards more lightweight and compact converter designs, and integration of catalytic converters in exhaust system design.
Who Are the Top Competitors & Leading Players in the Catalytic Converter Market?
Major companies in the catalytic converter market are:
• Benteler International AG
• CDTi Advanced Materials Inc.
• Continental AG
• The Eberspächer Group of Companies
• Faurecia PVT. LTD.
• Futaba Industrial Co. Ltd.
• Johnson Matthey Plc
• Magneti Marelli S.P.A.
• Tenneco Inc.
• Umicore N.V.
• BASF Catalysts LLC
• Bosal International NV
• Sango Co.Ltd.
• Yutaka Giken Co. Ltd.
• General Motors Company
• Ford Motor Company
• Denso Corporation
• Komatsu Ltd.
• Aisin Seiki Co. Ltd.
• HJS Emission Technology GmbH & Co. KG
• Jetex Exhausts Ltd.
• SAE Manufacturing Specialties Corp.
• Eastern Manufacturing Inc.
• MagnaFlow
• Walker Exhaust Systems
• AP Exhaust Products Inc.
• Flowmaster
• BORLA Performance Industries
• Gibson Performance Exhaust
Regional Dominance: Which Area Leads the Global Catalytic Converter Market?
Asia-Pacific was the largest region in the catalytic converter market in 2024
