Automotive Catalytic Converter Device Market Research Report By Technology (Two-Way Catalytic Converters, Three-Way Catalytic Converters, Selective Catalytic Reduction (SCR) Systems, Lean NOx Traps (LNTs), Diesel Particulate Filters (DPFs), Closed-Coupled Catalytic Converters (CCCs)), By Vehicle Type (Passenger Cars, Commercial Vehicles (Light-Duty, Medium-Duty, Heavy-Duty), Two-Wheelers), By Fuel Type (Gasoline, Diesel, Alternative Fuels (Hybrid, Electric, CNG, LPG)), By Emission Standard (Euro 6, Tier 4, China VI, Bharat Stage VI, Future

Global Automotive Catalytic Converter Device Market Overview:

As per MRFR analysis, the Automotive Catalytic Converter Device Market Size was estimated at 63.75 (USD Billion) in 2022. The Automotive Catalytic Converter Device Market Industry is expected to grow from 66.68 (USD Billion) in 2023 to 100.0 (USD Billion) by 2032. The Automotive Catalytic Converter Device Market CAGR (growth rate) is expected to be around 4.6% during the forecast period (2024 - 2032).

Key Automotive Catalytic Converter Device Market Trends Highlighted

Market drivers for automotive catalytic converter devices include strict emission norms, increasing need for reduced pollutants vehicles, and innovative technologies. Electric vehicles increasing penetration in the market offers avenues for the industry to venture into differing forms of emission control technologies. A few notable tendencies that are currently observed are the combination of catalytic converters with EGR systems and the creation of new, more efficient and stable catalytic materials. The growth of this market will, however, continue in the coming years due to greater focus on the need for environmental conservation and cleaner modes of transportation.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Automotive Catalytic Converter Device Market Drivers

Stringent Government Regulations

In more and more countries worldwide, governments are enforcing stricter emission regulations in order to lower air pollution and protect people’s health. This is also expected to fuel the demand for catalytic converters that help to reduce the amount of harmful emissions produced by vehicles. For instance, the European Union has enforced the Euro 6 emission standards pressure on automobile manufacturers to decrease the amount of nitrogen oxides and particulate matter that are being produced.This has also been the case with China, which has implemented the China 6 emission standards, the strictest in the world. Such regulations are expected to drive the growth of the Automotive Catalytic Converter Device Market Industry.

Rising Demand for Environmentally Friendly Vehicles

Vehicle owners are now more concerned about the impact of their automobiles on the environment, and they increasingly want more environmentally sound options. This has led to a demand for exceptionally effective emission control systems such as catalytic converters. The fact that hybrids and electric cars produce much less gas emissions than gasoline vehicles will continue to fuel the growth of the Automotive Catalytic Converter Device Market Industry.

Technological Advancements

Technological advancements are leading to the development of more efficient and effective catalytic converters. For example, some manufacturers are developing catalytic converters that use precious metals such as platinum and palladium more efficiently. Others are developing new materials that can withstand higher temperatures and more corrosive environments. These advancements are expected to improve the performance and durability of catalytic converters, which will further drive the growth of the Automotive Catalytic Converter Device Market Industry.

Automotive Catalytic Converter Device Market Segment Insights:

Automotive Catalytic Converter Device Market Technology Insights

The technology segment of the Automotive Catalytic Converter Device Market holds significant importance, with the market classified into Two-Way Catalytic Converters, Three-Way Catalytic Converters, Selective Catalytic Reduction (SCR) Systems, Lean NOx Traps (LNTs), Diesel Particulate Filters (DPFs), and Closed-Coupled Catalytic Converters (CCCs). Among these, Three-Way Catalytic Converters dominate the market, catering to both gasoline and diesel-powered vehicles with a market share of around 70% in 2023. Three-Way Catalytic Converters, on the other hand, are more versatile and capable of controlling nitrogen oxides, carbon monoxide, and hydrocarbons simultaneously.
They are widely used in both gasoline and diesel vehicles due to their high efficiency. Selective Catalytic Reduction (SCR) Systems, majorly utilized in diesel-powered vehicles, employ a urea-based solution to minimize nitrogen oxide emissions. Lean NOx Traps (LNTs), designed specifically for gasoline engines, effectively reduce NOx emissions under lean-burn conditions. Diesel Particulate Filters (DPFs) are instrumental in capturing and filtering soot particles emitted by diesel engines, leading to cleaner exhaust. Closed-Coupled Catalytic Converters (CCCs), positioned close to the engine, enhance conversion efficiency by minimizing heat loss and maximizing catalytic activity.
The Automotive Catalytic Converter Device Market segmentation provides valuable insights into the market dynamics. The market growth is primarily driven by stringent emission regulations imposed by governments worldwide, particularly in developed economies. The increasing adoption of diesel-powered vehicles, especially in commercial and heavy-duty applications, is also contributing to market expansion. Furthermore, technological advancements, such as the development of more efficient and durable catalytic converters, are expected to fuel market growth in the coming years.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Automotive Catalytic Converter Device Market Vehicle Type Insights

Diverse market dynamics are revealed by the Automotive Catalytic Converter Device Market segmentation by Vehicle Type. Although passenger Cars are predicted to maintain their dominance throughout the forecast period, the weighted share, which was almost 55% of the 2023 market revenue, will not change considerably. The demand for catalytic converters in passenger vehicles is driven by stringent emission regulations and the expanding consumer preference for fuel efficiency.
It is also expected that there will be continuous growth in the Commercial Vehicles segment, composed of light-duty, medium-duty, and heavy-duty vehicles, because of increased freight transportation and infrastructure development.Two-Wheelers are slowly gaining popularity, particularly in emerging markets, as a more affordable and convenient means of transportation. The market data obtained indicates that there will be an increase in the production and sales of vehicles in all these segments, thereby raising the demand for catalytic converter devices for the whole forecast period.

Automotive Catalytic Converter Device Market Fuel Type Insights

The Automotive Catalytic Converter Device Market is segmented based on Fuel Type into Gasoline, Diesel, and Alternative Fuels (Hybrid, Electric, CNG, LPG). In 2023, the Gasoline segment held the largest market share, accounting for over 60% of the global market revenue. The Diesel segment is expected to witness a steady growth rate during the forecast period, owing to the increasing demand for diesel vehicles in emerging economies.
The Alternative Fuels segment is projected to grow at the highest CAGR during the forecast period, driven by the rising adoption of hybrid and electric vehicles.The increasing environmental concerns and stringent emission regulations have led to a surge in the demand for catalytic converters, particularly in regions with strict emission norms. The growing demand for fuel-efficient vehicles and the introduction of advanced catalytic converter technologies are expected to drive the growth of the Automotive Catalytic Converter Device Market in the coming years.

Automotive Catalytic Converter Device Market Emission Standard Insights

The emission standard segment plays a crucial role in shaping the Automotive Catalytic Converter Device Market. Stringent emission regulations worldwide are driving demand for catalytic converters that meet specific emission standards. 'Euro 6' and 'Tier 4' standards are widely adopted in Europe and North America, respectively, and have significantly impacted the market growth. Emerging markets such as China and India are also implementing stricter emission standards such as 'China VI' and 'Bharat Stage VI,' which will further boost market demand.Future emission standards, including 'Euro 7' and 'Tier 5,' are expected to drive innovation and technological advancements in the industry. These stringent regulations are expected to increase the Automotive Catalytic Converter Device Market revenue significantly in the coming years.

Automotive Catalytic Converter Device Market Application Insights

Application Segment Insight and Overview The automotive catalytic converter device market is segmented based on application into new vehicles and aftermarket replacements. The new vehicles segment held a larger market share in 2023 and is expected to continue its dominance throughout the forecast period. This is attributed to the increasing production and sales of new vehicles globally, particularly in emerging markets such as China and India. The aftermarket replacements segment is also expected to witness significant growth during the forecast period.This growth can be attributed to the increasing number of vehicles on the road, as well as the need for regular maintenance and replacement of catalytic converters.
The rising awareness about environmental regulations and emission standards is also driving the demand for aftermarket replacements. Overall, the application segment of the automotive catalytic converter device market is expected to witness steady growth in the coming years. The increasing production and sales of new vehicles, coupled with the growing demand for aftermarket replacements, will continue to drive the growth of this segment.

Automotive Catalytic Converter Device Market Regional Insights

The regional segmentation of the Automotive Catalytic Converter Device Market offers valuable insights into the market's geographic distribution and growth potential. North America is anticipated to maintain a dominant position in the market, driven by stringent emission regulations and a large automotive industry. Europe is expected to follow closely, with a mature automotive market and a focus on environmental sustainability. The APAC region is projected to exhibit the fastest growth, fueled by rising automobile production and increasing disposable income.
South America and MEA are anticipated to contribute a smaller but significant share of the overall market, with growing urbanization and increasing vehicle ownership. Regional market data, statistics, and industry analysis provide comprehensive insights into the dynamics and opportunities within each region. In 2024, the Automotive Catalytic Converter Device Market in North America is estimated to be valued at around 22.4 billion USD, while the APAC region is projected to reach approximately 27.5 billion USD by 2026.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Automotive Catalytic Converter Device Market Key Players And Competitive Insights:

Major players in the Automotive Catalytic Converter Device Market industry have adopted various strategies to expand their global presence and increase their market share. These strategies include new product launches, partnerships, collaborations, acquisitions, and expansions. Leading Automotive Catalytic Converter Device Market players are focusing on research and development to introduce innovative products and technologies. They are also investing in expanding their production capacities to meet the growing demand for catalytic converters. To gain a competitive edge, Automotive Catalytic Converter Device Market development initiatives are focused on improving the efficiency and durability of catalytic converters.
Additionally, collaborations between automotive manufacturers and catalytic converter suppliers are becoming increasingly common to optimize the integration of catalytic converters into vehicle systems.Among the leading companies in the Automotive Catalytic Converter Device Market, Tenneco is a prominent player with a strong global presence. The company offers a wide range of catalytic converters for various vehicle applications. Tenneco has a long history of innovation and has developed several patented technologies for catalytic converters. The company's focus on research and development has enabled it to maintain a strong competitive position in the Automotive Catalytic Converter Device Market.
Tenneco's extensive manufacturing capabilities and global distribution network allow it to meet the diverse needs of its customers.In the competitive landscape of the Automotive Catalytic Converter Device Market, another notable competitor is Faurecia. The company is a leading global supplier of automotive components and systems, including catalytic converters. Faurecia has a strong presence in Europe and is expanding its operations in other regions. The company's focus on lightweight and efficient catalytic converters has helped it gain a competitive advantage. Faurecia's commitment to sustainability and eco-friendly manufacturing processes has also contributed to its success in the Automotive Catalytic Converter Device Market.

Key Companies in the Automotive Catalytic Converter Device Market Include:

• TMD Friction


• Calsonic Kansei


• BorgWarner


• Eberspächer Exhaust Technology


• Tenneco


• Umicore


• Heraeus


• NGK Spark Plug


• Denso


• Mitsubishi Heavy Industries


• BASF


• Johnson Matthey


• Faurecia

Automotive Catalytic Converter Device Market Industry Developments

The Automotive Catalytic Converter Device Market is projected to grow from USD 66.68 billion in 2023 to USD 100.0 billion by 2032, at a CAGR of 4.6% during the forecast period. Stringent emission regulations and growing environmental concerns are driving the market growth. Increasing demand for electric vehicles is expected to restrain the market growth to some extent. However, technological advancements and the development of new materials are expected to provide new opportunities for market growth.
Recent news developments and current affairs in the Automotive Catalytic Converter Device Market include: In January 2023, BASF announced the launch of its new Emisshield catalytic converter technology, which is said to offer improved performance and durability. In February 2023, Johnson Matthey announced a partnership with Umicore to develop and commercialize new catalytic converter technologies for electric vehicles. In March 2023, Tenneco announced the acquisition of Clean Diesel Technologies, Inc., a leading provider of emissions control systems for heavy-duty diesel engines.These developments indicate that the market is growing and that there is a lot of competition and innovation in the space.

Automotive Catalytic Converter Device Market Segmentation Insights

Automotive Catalytic Converter Device Market Technology Outlook

• Two-Way Catalytic Converters


• Three-Way Catalytic Converters


• Selective Catalytic Reduction (SCR) Systems


• Lean NOx Traps (LNTs)


• Diesel Particulate Filters (DPFs)


• Closed-Coupled Catalytic Converters (CCCs)

Automotive Catalytic Converter Device Market Vehicle Type Outlook

• Passenger Cars


• Commercial Vehicles (Light-Duty, Medium-Duty, Heavy-Duty)


• Two-Wheelers

Automotive Catalytic Converter Device Market Fuel Type Outlook

• Gasoline


• Diesel


• Alternative Fuels (Hybrid, Electric, CNG, LPG)

Automotive Catalytic Converter Device Market Emission Standard Outlook

• Euro 6


• Tier 4


• China VI


• Bharat Stage VI


• Future Emissions Standards (Euro 7, Tier 5)

Automotive Catalytic Converter Device Market Application Outlook

• New Vehicles


• Aftermarket Replacements

Automotive Catalytic Converter Device Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa