Automotive Catalytic Converter Market Boosts USD 423.16 Bn by 2034

Automotive Catalytic Converter Market Growth Drivers, Challenges and Opportunities

According to market projections, the automotive catalytic converter sector is expected to grow from USD 184.25 billion in 2024 to USD 423.16 billion by 2034, reflecting a CAGR of 8.67%. Europe dominates the automotive catalytic converter market due to strict pollution controls, while Asia Pacific is set for the fastest growth, driven by rising heavy commercial vehicle sales. The three-way oxidation-reduction segment leads in cutting CO and NO emissions, and palladium remains the top choice for reducing toxic pollutants.

Last Updated: 02 April 2025 Category: Automotive Components Insight Code: 1687 Format: PDF / PPT / Excel

Senior Research Analyst

Dr. Arjun Patel

Reviewed By

Aditi Shivarkar

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.

Automotive Catalytic Converter market Size 2023 -2034

Introduction

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.

Canada Diesel Vans Sales (2022-23)

  • According to the Statistics Canada, around 52678 diesel vans were sold in Canada in 2022 that increased to 52857 in 2023.

Highlights of the Automotive Catalytic Converter Market

  • Europe held the largest share of the automotive catalytic converter market due to the rising emphasis on reducing pollution in this region.
  • Asia Pacific is expected to grow with the highest CAGR due to the rising sales of heavy commercial vehicles in this region.
  • The three-way oxidation-reduction segment led the industry due to its application in reducing CO and NO emission in the environment.
  • The palladium segment held the largest portion of the industry due to its capability of lowering toxic pollutants.

Key Metrics and Overview

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

Automotive Catalytic Converter: Stats & Figures

  • According to the SMMT, around 39865 petrol vehicles were registered in the UK region during February 2025.
  • According to the Engine Technology Forum, around 198202 diesel vehicles were sold in the U.S. during the 4th quarter of 2024.
  • According to the Statistics Canada, around 21,982,395 gasoline-powered vehicles that weighed below 4536 kgs were registered in Canada during 2023.

Industry Leader Announcement

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.”

Geographical Insights

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.

Competitive Landscape

Automotive Catalytic Converter Market Companies

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.

Benteler Geographic Revenue Share% (2023)

  • According to the annual report of Benteler, around 53% revenue of the company was generated from the Europe followed by other regions.

Market Segmentations

By Product

  • Two-Way Oxidation
  • Three-Way Oxidation-Reduction
  • Diesel Oxidation Catalyst

By Material

  • Platinum
  • Palladium
  • Rhodium

By Region

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East & Africa
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About The Author

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.

FAQ's

The automotive catalytic converter market was valued at USD 200.22 billion in 2025.

Europe dominated this industry.

The rising emphasis on reducing CO2 emission along with increased sales of gasoline-powered vehicles has boosted the market growth.

Some of the prominent players of this industry consists of Marelli Corporation, Calsonic Kansei, Deccats, Eberspächer, European Exhaust & Catalyst Ltd, FORVIA Faurecia, BASF SE, BENTELER International Aktiengesellschaft, BM Catalysts Limited and some others.

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