Catalytic Converter Market 
                      
Summary 
Global Catalytic Converter Market Information Report, By Product (Two-Way Catalytic 
Converter, Three-Way Catalytic Converter, Diesel Oxidation Catalyst, Others), By Material 
(Platinum, Palladium, Rhodium, Others), By Application (Entry-Level Segment, Mid-Size 
Segment, Full-Size Segment) and By Region - Forecast to 2023 
Catalytic Converter Market Overview 
The Market Research analysts forecast the global Catalytic Converter Market to post a 
CAGR of nearly 7.5% during the estimated year, according to their latest market research 
report.  
A catalytic converter is a device that uses a catalyst to convert harmful compounds in car 
exhaust into harmless compounds. It is located in the vehicles exhaust system. The 
market for catalytic converter is driven by the increase in the stringency of emission 
norms for automotive. The increase in the level of vehicular emissions is leading the 
governments of emerging countries to increase the stringency of the emission standards. 
This in turn is expected to increase the need for catalytic converters across automobiles.  
Automobiles are being equipped with advanced substrates for compliance with the 
proposed emission standards. Amongst all applications, the mid-sized segment is 
expected to dominate the catalytic converter market. The mid-size segment is basically 
suitable for riders who are willing to look for quality sports performance and for long 
distance travelling. The region is expected to grow rapidly during the forecast period, 
owing to the increasing preferences for road trip tourism and adventure tourisms. 
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Key Players 
The key players of Catalytic Converter Market are Faurecia SA (France),  Benteler 
International AG (Germany), Eberspächer Group (Germany), Calsonic Kansei Corporation 
(Japan), Yutaka Giken Company Limited (Japan),  Tenneco, Inc. (U.S.),  Futaba Industrial 
Co., Ltd. (Japan), Sango Co., Ltd (Japan), Magneti Marelli S.p.An (Italy),  Bosal International 
N.V. (Belgium)  and others. 
Drivers & Trends 
The increasing demand coupled with production of vehicles is driving the global Catalytic 
Converter Market multiplied. To this contrary, vehicle manufacturers are primarily 
focusing on various methods on the elimination of harmful emissions as well as to 
improve the efficiency of vehicles. Owing to these factors, there has been now stringent 
emission standard globally regularized by the government to protect the environment 
and thus preventing hazardous effects of global warming.  
More factors such as increasing regulations on fuel emissions and fuel efficiency, rising 
disposable income, growing environmental concerns and change in lifestyle boost the 
adoption of the automotive catalytic converter and are also provenly contributing to the 
best in the global Catalytic Converter Market growth.  
Global Catalytic Converter Market Segmentation 
In the reports of MRFR, the global Catalytic Converter Market is segmented based on 
product, material, application, and region. 
By the mode of product, the market segmentation includes a two-way catalytic converter, 
three-way catalytic converter, diesel oxidation catalyst, and others. The demand for the 
three-way oxidation-reduction catalytic converter is steered in the market with the 
increase in applications for ultralow emissions in the vehicles. 
By the mode of material, the market segmentation includes platinum, palladium, 
rhodium, and others. Rhodium accounts for 44% of the market share have more 
efficiency from the toxic exhaust emissions. This is driving the rhodium market for the 
catalytic converter to the best.  
By mode of application, the market segmentation includes an entry-level segment, 
mid0size segment, and full-size segment.  
Regional Outlook: Global Catalytic Converter Market 
In the reports of MRFR, regionally, the global Catalytic Converter Market has covered 
significant regions of North America, Europe, Asia-Pacific, and rest of the world.  
Among them, North America is displaying the largest market share having a stronghold 
owing to the high presence of automobile manufacturers in this region. Also, increasing 
technological advancements and high investments in catalytic converters in vehicles are 
boosting the market growth. With that, the government in this region adhere to laws and 
regulations over vehicle emissions.  
Coming up next is the European region, which is also one of the booming market holders 
due to the presence of high automobile manufacturers. Rapid research and development 
activities in this sector have encouraged with the introduction of new catalytic converters 
adhering to the stringent emission norms. This is contributing a lot to the Catalytic 
Converter Market to grow in the years to come.  
The Asia Pacific is also on the verge to show some booming factors that would enable the 
market of catalytic converters to expand wisely. The emerging hub of automobile 
manufacturers is widening opportunities to flourish and rise in the Asia Pacific region. 
Key contributor regions in the Asia Pacific region are China, Japan, India, and South Korea. 
These countries are contributing to the best in global vehicle production with the latest 
developments by implementing catalytic converters.  
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converter-market-2980  
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