Automotive Catalyst Market Size

Automotive Catalyst Market size was valued at USD 12.8 Billion in 2023 and is poised to grow from USD 13.5 Billion in 2024 to USD 19.94 Billion by 2032, growing at a CAGR of 5.5% during the forecast period (2025-2032).

Key vendors in  Automotive Catalyst Market are: 'BASF SE (Germany) ', 'Johnson Matthey (UK) ', 'Umicore (Belgium) ', 'Tenneco Inc. (US) ', 'Clariant (Switzerland) ', 'CDTi Advanced Materials Inc. (US) ', 'Cummins Inc. (US) ', 'DCL International Inc. (Canada) ', 'Ecocat India Pvt Ltd (India) ', 'N.E. CHEMCAT Corporation (Japan) ', 'Klarius Products Ltd (UK) ', 'Corning Incorporated (US) ', 'NGK Insulators, Ltd. (Japan) ', 'Honeywell International Inc. (US) ', 'IBIDEN Co., Ltd. (Japan) ', 'Sinocat Environmental Technology Co., Ltd. (China) ', 'Tosoh Corporation (Japan) ', 'Shandong Sinocera Functional Material Co., Ltd. (China) ', 'Faurecia (France) ', 'Cataler Corporation (Japan)  '

Rise in per capita GDP and disposable income of the global population has led to an increase in the number of vehicles in use. Rapid increase in the rate of motorization is boosting the demand for automotive components. Auto catalysts have become a vital part of vehicles to minimize emissions.

The key players of the automotive catalyst market are investing in the improvement and development of catalysts. A three-way catalyst can reduce the emitted pollutant from vehicle at 100% conversion efficiency at its operational temperature, typically above 400C, which is much higher. Johnson Matthey Inc., a leading automotive catalyst producer is working on the development of three-way catalyst for future vehicle, which improves the fuel efficiency and reduces CO2 emission substantially at lower operating temperature. This innovation in automotive catalysts is anticipated to provide future growth opportunity to the automotive catalyst market.

Asia Pacific dominated the global automotive catalyst market. Increasing regulations pertaining emission control limits implemented by China's State Environmental Protection Administration (SEPA) to curb vehicular pollution is anticipated to boost the demand for automotive catalyst in Asia Pacific. Moreover, these regulations will limit the use of increased PGMs in the coating of an automotive catalyst substrate. This, in turn, is likely to make auto catalyst expensive in the coming years and, therefore, increase market revenue share.