What is the global market size of Catalytic Convertor Market?

Global Catalytic Convertor Market size was valued at USD 50 billion in 2021 and is poised to grow from USD 54.17 billion in 2022 to USD 87.83 billion by 2030, growing at a CAGR of 7.5% in the forecast period (2023-2030).

Who are the key vendors in the Global Catalytic Convertor Market?

Major players in the catalytic converter market are expanding their footprint through a variety of innovations and strategic planning thus to get an advantage over rival companies, these players are also searching for active collaborations, partnerships for research projects, etc. For instance, In May 2022, Mineworx announced Next Steps for Catalytic Converter Project with new innovations in the field. 'BASF Catalysts LLC', 'Johnson Matthey PLC', 'Umicore SA', 'Clariant AG', 'Cataler Corporation', 'Tenneco Inc.', 'Faurecia SA', 'MagnaFlow Performance Exhaust', 'Clean Diesel Technologies, Inc.', 'Bosal International N.V.', 'Calsonic Kansei Corporation', 'Eberspacher Group', 'Ecocat Oy', 'HJS Emission Technology GmbH & Co. KG', 'Katcon Global', 'Oxicat S.L.', 'Sango Co., Ltd.', 'Sejong Industrial Co., Ltd.', 'Yutaka Giken Co., Ltd.', 'Weifu High-Technology Group Co., Ltd.'.

Top Catalytic Convertor Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Catalytic Convertor Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Catalytic Convertor industry players.

Catalytic Convertor Market Competitive Landscape

Catalytic Convertor Market Top Player's Company Profiles

BASF Catalysts LLC
Johnson Matthey PLC
Umicore SA
Clariant AG
Cataler Corporation
Tenneco Inc.
Faurecia SA
MagnaFlow Performance Exhaust
Clean Diesel Technologies, Inc.
Bosal International N.V.
Calsonic Kansei Corporation
Eberspacher Group
Ecocat Oy
HJS Emission Technology GmbH & Co. KG
Katcon Global
Oxicat S.L.
Sango Co., Ltd.
Sejong Industrial Co., Ltd.
Yutaka Giken Co., Ltd.
Weifu High-Technology Group Co., Ltd.

Catalytic Convertor Market Recent Development

In December 2021, Leduc RCMP, in partnership with the City of Leduc, held a Catalytic Converter Theft Prevention event. This event highlighted a new crime prevention strategy and a demonstration was given of the etching of the vehicle identification number (VIN) number onto a catalytic converter of a vehicle.
In March 2021, Eberspaecher started a new plant for exhaust technology with an area of 21,000 square meters in Ramos Arizpe, Mexico. With this plant, the company aims to increase the production of exhaust systems with improved efficiency and lesser harmful emissions.

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FAQs

Global Catalytic Convertor Market size was valued at USD 67.84 Billion in 2024 and is poised to grow from USD 73.88 Billion in 2025 to USD 146.13 Billion by 2033, growing at a CAGR of 8.9% during the forecast period (2026–2033).

Major players in the catalytic converter market are expanding their footprint through a variety of innovations and strategic planning thus to get an advantage over rival companies, these players are also searching for active collaborations, partnerships for research projects, etc. For instance, In May 2022, Mineworx announced Next Steps for Catalytic Converter Project with new innovations in the field. 'Faurecia (France) ', 'Tenneco (US) ', 'Johnson Matthey (UK) ', 'Eberspächer (Germany) ', 'Umicore (Belgium) ', 'Benteler (Germany) ', 'Futaba (Japan) ', 'BSF (India) ', 'Continental (Germany) ', 'CDTI Materials (US) ', 'Nett Technologies (Canada) ', 'Katcon (Mexico) ', 'Cummins (US) ', 'Cri Catalyst (US) ', 'Bosal (Belgium) ', 'Boysen (Germany) ', 'Heraeus (Germany) '

Due to the quick growth of the automotive industry, demand for catalytic converters for automobiles has risen significantly. Manufacturers in the automotive sector are obligated to use low-pollution technology and adhere to emission regulations set by the government. The automotive catalytic converter market is expected to grow as a result of several strategic alliances between vehicle and component manufacturers worldwide. Additionally, a rise in per capita income and a corresponding growth in global consumer purchasing power are predicted to improve car sales, which will, in turn, support the market.

The greater emission reductions provided by three-way catalytic converters are a motivating force for their widespread use. This catalytic converter has an advantage over the two-way converter in that it offers reduction, oxidation, and a nitrogen particulate filter in addition to oxidation. These three-way catalytic converters are typically seen in automobiles powered by diesel engines and are more effective than two-way converters.

The Asia Pacific region with the largest market share for catalytic converters worldwide is anticipated to maintain its dominance over the forecast period. The main causes of the high number of automobiles in this area are the high rates of urbanization, population growth, improvement in living conditions, growth of the industrial sector, and an increase in average household income. Vehicle emissions have greatly increased along with rising vehicle manufacturing, which is contributing to a high level of air pollution and global warming.

Top Catalytic Convertor Companies

Catalytic Convertor Market Competitive Landscape

FAQs

What is the global market size of Catalytic Convertor Market?

Who are the key vendors in the Catalytic Convertor Market?

What is the key driver of Catalytic Convertor Market?

What is the key market trend for Catalytic Convertor Market?

Which region accounted for the largest share in Catalytic Convertor Market?

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