Driving Automotive Catalytic Converter Market Growth in 2025: The Role of The Catalytic Role Of Zero Emission Vehicles In Boosting The Automotive Catalytic Converter Market

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Automotive Catalytic Converter Market Size Growth Forecast: What to Expect by 2025?
The size of the automotive catalytic converter market has seen an impressive surge in the past. It is projected to rise from $176.45 billion in 2024 and reach $191.04 billion in 2025, expanding at a compound annual growth rate (CAGR) of 8.3%. The historical growth rate can be linked to factors such as environmental concerns, growth in the automobile sector, changes in emission standards, increased vehicle ownership, and advancements in cleaner fuel technologies.

How Will the Automotive Catalytic Converter Market Size Evolve and Grow by 2029?
In the coming years, the size of the automotive catalytic converter market is predicted to experience substantial growth, with an anticipated worth of $279.1 billion by 2029, reflecting a compound annual growth rate (CAGR) of 9.9%. Market expansion in the estimated period is likely to be driven by factors such as the adoption of new vehicle models, the incorporation of artificial intelligence and the Internet of Things, increased consciousness of air quality, a move to the euro 7 standards, and advancements in materials and production methods. Key trends during this projected timeframe include the shift towards eco-friendly vehicles, the utilisation of lightweight materials and structures, the implementation of next-generation catalysts, integrated pollution control solutions, and an emphasis on product durability and lifespan.

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What Drivers Are Propelling the Growth of Automotive Catalytic Converter Market Forward?
The automotive catalytic converter market is being propelled by the increasing demand for zero-emission vehicles. These vehicles, which produce no harmful emissions that could damage the environment or human health, are becoming increasingly popular due to concerns about global warming caused by harmful gases from traditional vehicles. To mitigate these toxic emissions, catalytic converters, using reduction and oxidation processes, employ a reduction catalyst made of platinum and rhodium to eliminate nitrogen atoms from nitrogen oxide molecules (NO and NO2). Information from the International Council on Clean Transportation, a US-based non-profit organization, suggests that in June 2024, sales of new electric light-duty vehicles in the United States increased to approximately 1.4 million from almost 1 million in 2022. This development has increased their market share to about 9%. As such, the escalating demand for zero-emission vehicles is anticipated to fuel the expansion of the automotive catalytic converter market.

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Which Emerging Trends Are Transforming the Automotive Catalytic Converter Market in 2025?
One major trend escalating in the automobile catalytic converter market is strategic collaboration. The key participants in the catalytic converter industry are increasingly participating in strategic alliances to maintain their market position. For instance, in May 2022, ACAT Global Inc., a company specializing in industrial machinery and catalytic converter manufacturing in the US, established a partnership with the Automotive Service Councils of California, a non-profit US organization of auto service experts. This collaboration made it possible for manufacturers to meet CARB's (California air resource board) requirement of equipping their vehicles with engines and emission systems that reduce particular emissions. Moreover, in August 2021, Cats & Pipes Ltd., a UK-based automotive manufacturer involved in the production of catalytic converters, collaborated with researchers in Leeds. The goal of this partnership was to create a device by 2023 that could link to internal combustion engine exhaust pipes to reduce harmful gas emissions. This would facilitate performance analysis with current catalytic converters in real-life driving scenarios.

What Are the Key Segments in the Automotive Catalytic Converter Market?
The automotive catalytic converter market covered in this report is segmented -

1) By Type: Two-Way Catalytic Converter, Three-Way Catalytic Converter, Other Types
2) By Material Type: Platinum, Palladium, Rhodium
3) By Vehicle Type: Two Or Three Wheeler, Passenger Vehicle, Light Duty Vehicle, Medium And Heavy Duty Trucks, Bus And Coaches
4) By Sales Channel: Aftermarket, Original Equipment Manufacturer (OEM)

Subsegments:
1) By Two-Way Catalytic Converter: Oxidation Catalysts, Hydrocarbon And Carbon Monoxide Converters
2) By Three-Way Catalytic Converter: Oxidation Catalysts, Reduction Catalysts, Complete Emission Control Systems
3) By Other Types: Diesel Catalytic Converters, Universal Catalytic Converters, Racing Catalytic Converters

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Who Are the Key Players Shaping the Automotive Catalytic Converter Market's Competitive Landscape?
Major companies operating in the automotive catalytic converter market are Tenneco Inc., Yutaka Giken Company Limited, Sango Co. Ltd., Faurecia SE, BASF SE, Johnson Matthey Group, Eberspächer Group, Bosal International, BENTELER International AG, Friedrich Boysen GmbH & Co. KG, Wuxi Weifu Lida Catalytic Converter Co. Ltd., Eberspaecher GmbH Holding & Co. KG, Continental AG, European Exhaust and Catalyst Ltd., Deccats, Magneti Marelli S.p.A., Calsonic Kansei Corporation, Katcon S.A. de C.V., Futaba Industrial Co. Ltd, Boysen Ltd., Sejong Industrial Co.Ltd., Hanwoo Industrial Co. Ltd, Umicore NV, Corning Incorporated, Clean Diesel Technologies Inc., DCL International Inc., Dinex A/S, HJS Emission Technology GmbH & Co. KG, Klarius Products Ltd., MagnaFlow, MANN+HUMMEL, NGK Insulators Ltd., Sogefi SpA

What Geographic Markets Are Powering Growth in the Automotive Catalytic Converter Market?
Asia-Pacific was the largest region in the automotive catalytic converter market share in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive catalytic converter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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