Automotive Catalytic Converter Market Size & Regional Growth Share is Expected To Reach USD 297.02 Billion By 2032, at a CAGR of 8.1% | PMR

Government regulations imposing stringent pollution restrictions play a key role in driving the growth of the automotive catalytic converter industry. Besides, surging demand for fuel-efficient automobiles is having a favorable impact on the expansion of the market. The automotive catalytic converter market is poised to expand at a compound annual growth rate (CAGR) of 8.1% during the forecast period from 2024 to 2032. The market size was valued at USD 150.26 billion in 2023 and is poised to reach USD 297.02 billion by 2032.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/automotive-catalytic-converter-market/request-for-sample

A catalytic converter is an essential component of the exhaust system of an automobile. It helps limit the number of toxic pollutants emitted into the air by converting hazardous combustion gases into less harmful substances such as carbon dioxide and water vapor. This is done by exposing the gases to metals and chemicals inside the converter that prompt chemical reactions and transform harmful pollutants into less harmful ones. The catalytic converter is usually located beneath the vehicle and takes the form of a large metal box. The three main types of catalytic converters available in the automotive catalytic converter market include two-way oxidation, three-way oxidation, and diesel oxidation converters.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

The market for automotive catalytic converters is fragmented. The major industry players focus on strategic developments such as partnerships, product upgrades, and collaboration to garner a larger share of the industry. Among the key industry players include:

• BASF SE
• BENTELER International A.G
• BM Catalysts Limited
• BOSAL
• Calsonic Kansei
• Eberspächer
• European Exhaust & Catalyst Ltd
• FORVIA Faurecia
• HJS Emission Technology GmbH & Co. KG
• Jetex Exhausts Ltd
• Katcon SA de CV
• Klarius Products Ltd
• Marelli Corporation

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/198/2

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

𝐁𝐲 𝐓𝐲𝐩𝐞

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

𝐁𝐲 𝐂𝐚𝐭𝐚𝐥𝐲𝐬𝐭

• Platinum
• Rhodium
• Palladium
• Others

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

• The Europe region dominated the industry with the largest market share in 2023. This is primarily because the region has the presence of several vehicle manufacturing enterprises. Also, the presence of stringent emission regulations is poised to boost industry development in the region.

• The Asia Pacific region is expected to grow at the fastest rate in the automotive catalytic converter market. This is primarily due to the escalating number of cars in APAC, fueled by factors like urbanization, enhanced living standards, and rapid population growth.

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/automotive-catalytic-converter-market

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐂𝐚𝐭𝐚𝐥𝐲𝐭𝐢𝐜 𝐂𝐨𝐧𝐯𝐞𝐫𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• The three-way oxidation-reduction segment dominated the market in 2023, driven by advancements in material science and catalytic converter technology. Continuous research and development efforts have led to the emergence of novel catalyst compositions and enhanced designs for converters.

• The palladium segment led the market in 2023 and is expected to maintain its dominance. It is highly effective in catalyzing the oxidation of hydrocarbons, making it a valuable component in catalytic converters.

• Europe holds a significant revenue share in the global Automotive Catalytic Converter market, driven by stringent emission regulations such as Euro-VI and the rapid pace of research and development.

• The global key market players include BASF SE, BENTELER International A.G, BM Catalysts Limited, BOSAL, Marelli Corporation, Calsonic Kansei, Eberspächer, European Exhaust & Catalyst Ltd, FORVIA Faurecia, HJS Emission Technology GmbH & Co. KG, and Jetex Exhausts Ltd.

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬

𝐇𝐢𝐠𝐡 𝐕𝐨𝐥𝐭𝐚𝐠𝐞 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐇𝐞𝐚𝐭𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/high-voltage-electric-heater-market

𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐃𝐫𝐨𝐧𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/medical-drones-market

𝐌𝐚𝐫𝐢𝐧𝐞 𝐒𝐞𝐚𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/marine-seat-market

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐋𝐢𝐠𝐡𝐭𝐰𝐞𝐢𝐠𝐡𝐭 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/automotive-lightweight-material-market

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/automotive-finance-market

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