April 2025
Senior Research Analyst
Reviewed By
The automotive catalytic converter market is forecast to grow from USD 200.22 billion in 2025 to USD 423.16 billion by 2034, driven by a CAGR of 8.67% from 2025 to 2034.
The automotive catalytic converter market is a crucial sector of the automotive components industry. This industry deals in the manufacturing and distribution of catalytic converters for the automotive sector. There are several products developed in this sector comprising of two-way oxidation, three-way oxidation, diesel oxidation catalyst. These catalytic converters are manufactured using different materials such as platinum, palladium, rhodium and some others. The rising sales of diesel vehicles in different parts of the world is crucial for the industrial expansion. This market is predicted to rise significantly with the growth of the automobile sector across the globe.
Metric | Details |
Market Size in 2024 | USD 184.25 Billion |
Projected Market Size in 2034 | USD 423.16 Billion |
CAGR (2025 - 2034) | 8.67% |
Leading Region | Europe |
Market Segmentation | By Product, By Material and By Region |
Top Key Players | Marelli Corporation, Calsonic Kansei, Deccats, European Exhaust & Catalyst Ltd, Eberspächer |
In February 2025, Tomasz Gontarczyk , the director at Elemental Asia announced that, “The company in India will mainly focus on the collection and processing of used catalytic converters, this will enable us to significantly optimize our supply chain and effectively serve customers in this huge market. There are also sales representatives on-site who will build and maintain customer relationships, which will increase our competitiveness and allow us to better adapt to local needs.”
Europe held the highest share of the automotive catalytic converter market. The rising demand for high-performance vehicles in countries such as Germany, France, UK and some others has boosted the market expansion. Also, the increase in number of government initiatives aimed at reducing emission in the environment has increased the demand for catalytic converters, thereby fostering the industrial growth. Moreover, the presence of various market players such as BASF Se, Eberspacher, FORVIA and some others is driving the market growth in this region.
The automotive catalytic converter market is a highly competitive industry with the presence of several dominating players. Some of the prominent companies in this industry consists of FORVIA Faurecia, Marelli Corporation, Calsonic Kansei, Deccats, European Exhaust & Catalyst Ltd, Eberspächer, BASF Se, BENTELER International Aktiengesellschaft, BM Catalysts Limited and some others. These companies are constantly engaged in developing catalytic converter for the automotive industry and adopting numerous strategies to maintain their dominance in this industry.
By Product
By Material
By Region
April 2025
April 2025
April 2025
March 2025
Dr. Arjun Patel is a distinguished expert in the automotive industry, holding advanced degrees in Automotive Engineering and Mechanical Engineering. His expertise spans automotive market dynamics, technological advancements, and sustainable practices. Dr. Patel excels in conducting in depth research and analysis on market trends, consumer preferences, and the economic implications within the automotive sector. He is renowned for his insightful publications on topics such as electric vehicles, autonomous driving technologies, and the evolution of sustainable transportation solutions. Dr. Patels research contributions have significantly advanced understanding in the field, earning him recognition as a leading authority in automotive research and analysis.
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