Automotive Catalytic Converters Research: CAGR of -9.3% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Automotive Catalytic Converter- Global Market Share and Ranking, Overall Sales and Demand Forecast 2026-2032". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2026-2032), this report provides a comprehensive analysis of the global Automotive Catalytic Converter market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Automotive Catalytic Converter was estimated to be worth US$ 18090 million in 2025 and is projected to reach US$ million, growing at a CAGR of % from 2026 to 2032.

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Automotive Catalytic Converters Product Introduction

An automotive catalytic converter is a key exhaust aftertreatment device installed in the exhaust line of gasoline, diesel and natural-gas vehicles to reduce harmful emissions. It consists of a metal canning that houses a ceramic or metallic honeycomb substrate coated with a washcoat containing precious metals such as platinum, palladium and rhodium or other active materials. Under high exhaust temperatures, the catalyst promotes oxidation of carbon monoxide (CO) and unburned hydrocarbons (HC) and reduction of nitrogen oxides (NOx), thereby converting them mainly into carbon dioxide, water and nitrogen. Depending on engine and regulation, systems include three-way catalysts (TWC) for stoichiometric gasoline engines, diesel oxidation catalysts (DOC), selective catalytic reduction (SCR) units for NOx control and catalysed particulate filters (DPF/GPF). Catalytic converters are typically located close to the engine or further downstream and work together with oxygen/NOx sensors and engine or urea-dosing control strategies to meet stringent emission standards (e.g., Euro 6/7, China 6/7, US Tier 3) while balancing backpressure, durability and cost, making them a core component of exhaust-emission control for conventional and hybrid vehicles.

Automotive Catalytic Converters Market Summary

According to the new market research report "China Automotive Catalytic Converters Market Report 2025-2031", published by QYResearch, the China Automotive Catalytic Converters market size is projected to reach USD 2.22 billion by 2031, at a CAGR of -9.3% during the forecast period.

Automotive Catalytic Converters Market Dynamics

Market Drivers:

Large and aging ICE / hybrid vehicle parc: Despite EV growth, internal-combustion and hybrid vehicles still dominate global sales and the in-use fleet, and almost all require catalytic converters. Rising vehicle populations in Asia, Latin America, Middle East & Africa plus inspection/maintenance programs and replacement needs (aging converters, failures, theft) continue to generate solid OE + aftermarket demand.

Hybrid vehicles as a structural support: Full BEVs do not need catalytic converters, but HEVs and PHEVs do-and often face tougher cold-start and real-driving-emissions requirements, which can demand more sophisticated catalyst systems. The global shift toward hybrids in markets with slow BEV adoption provides a medium-term "buffer" for catalytic-converter demand.

Restraint:

Long-term threat from electrification & ICE phase-out policies: Full battery electric vehicles do not need exhaust aftertreatment, and many regions have announced 2030-2040 timeframes for ending sales of new ICE-only vehicles. This puts a structural ceiling on long-term catalytic-converter demand and creates strategic uncertainty for investment beyond the 2030s.

PGM price volatility and supply risk: Catalytic converters consume a large share of global platinum, palladium and rhodium. Prices for these PGMs have been highly volatile, driven by mine supply, recycling flows, macro conditions and auto demand. Sudden price spikes squeeze OEM and supplier margins and can delay adoption of more PGM-intensive formulations.

Opportunity:

Hybrid-focused and "four-way" catalyst systems: Growing hybrid fleets require catalysts optimized for frequent start/stop, low exhaust temperatures and gasoline particulate control. Integrated TWC + GPF "four-way" systems and advanced close-coupled bricks tailored for hybrids offer higher ASPs and long-term program visibility.

Recycling & circular-economy business models: As the global vehicle parc ages, large volumes of end-of-life catalytic converters enter the stream. PGM recycling and closed-loop metal supply have become critical and profitable niches; catalyst producers and recyclers who can secure feedstock and offer OEMs certified recycled PGMs will benefit from both cost and ESG tailwinds.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Automotive Catalytic Converter market is segmented as below:
By Company
Faurecia
Sango
Eberspacher
Katcon
Tenneco
Boysen
Benteler
Sejong
Calsonic Kansei
Bosal
Yutaka
Magneti Marelli
Weifu Lida
Chongqing Hiter
Futaba
Liuzhou Lihe
Brillient Tiger
Tianjin Catarc

Segment by Type
Two-Way Converters
Three-Way Converters
Other

Segment by Application
Passenger Vehicle
Commercial Vehicle

Each chapter of the report provides detailed information for readers to further understand the Automotive Catalytic Converter market:

Chapter 1: Introduces the report scope of the Automotive Catalytic Converter report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2021-2032)
Chapter 2: Detailed analysis of Automotive Catalytic Converter manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2021-2026)
Chapter 3: Provides the analysis of various Automotive Catalytic Converter market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2021-2032)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2021-2032)
Chapter 5: Sales, revenue of Automotive Catalytic Converter in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2021-2032)
Chapter 6: Sales, revenue of Automotive Catalytic Converter in country level. It provides sigmate data by Type, and by Application for each country/region.(2021-2032)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2021-2026)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Automotive Catalytic Converter competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Automotive Catalytic Converter comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Automotive Catalytic Converter market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

Other relevant reports of QYResearch:
Global Automotive Catalytic Converter Market Research Report 2026
Global Automotive Catalytic Converters Market Research Report 2026
Automotive Catalytic Converters- Global Market Share and Ranking, Overall Sales and Demand Forecast 2026-2032

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