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Catalytic Converter Market Size and Forecast, by Product Type {Four-way Catalytic Converter (FWCC); Three-way Oxidation-Reduction Catalytic Converter, Two-way Oxidation Catalytic Converter, Diesel Oxidation Catalyst}, Material (Palladium, Platinum, Rhodium); Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles) - Growth Trends, Key Players, Regional Analysis 2026-2035

  • Report ID: 4652
  • Published Date: Sep 10, 2025
  • Report Format: PDF, PPT

Catalytic Converter Market Outlook:

Catalytic Converter Market size was over USD 94.68 billion in 2025 and is projected to reach USD 177.73 billion by 2035, witnessing around 6.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of catalytic converter is evaluated at USD 100.22 billion.

Catalytic Converter Market
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The growth of the market can be attributed to the increasing awareness related to the rising traffic pollution caused by the harmful emission of toxic gases from vehicles. The main form of pollution caused by vehicles is air pollution, which triggers several severe health issues such as asthma, cancer, heart & lung diseases, and others. For instance, air pollution caused by traffic accounts for approximately 100,000 deaths every year solely in the USA.

The growing production of vehicles along with the rising automotive industry and harmful emissions of hydrocarbons, carbon monoxide, and nitrogen oxides that damages the atmosphere if released into the air are estimated to hike the market growth over the forecast period. For instance, it is forecasted that the automotive industry worldwide will generate USD 3.5 trillion from auto sales by 2030. An automotive catalytic converter considerably reduces the number of harmful pollutants by taking these gases and converting them into water vapor and less harmful gases via a series of chemical reactions. With the rising pollution caused by the transport sector as well as greenhouse gas emissions, the demand for the catalytic converter is on the rise amongst petrol car users, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global Catalytic Converter Market during the forecast period. For instance, it was found that in 2020, the transportation sector held the largest share of greenhouse gas (GHG) emissions, with almost 25% of greenhouse gas emissions around the world.

Key Catalytic Converter Market Insights Summary:

  • Regional Highlights:

    • Asia Pacific catalytic converter market is predicted to capture 51% share by 2035, driven by the presence of a strong mobility network and growing vehicle production.

  • Segment Insights:

    • The heavy commercial vehicles segment in the catalytic converter market is projected to capture the largest share by 2035, attributed to the increasing production volume of heavy commercial vehicles coupled with higher utilization in transportation.

  • Key Growth Trends:

    • Growing Awareness of the Poor Air Quality Index
    • Surge in the Sales Volume of Vehicles

  • Major Challenges:

    • Rising Demand for Fuel-Efficient Vehicles
    • High Cost of Maintenance & Repairs

  • Key Players: Benteler International AG, DRiV Incorporated, Tenneco Inc., Yutaka Giken Company Limited, Sango Co. Ltd, Futaba Industrial Co. Ltd., Hanwoo Industrial Co. Ltd, Eberspächer Gruppe GmbH & Co. KG, Marelli Holdings Co., Ltd., Sejong Industrial Co., Ltd.

Global Catalytic Converter Market Forecast and Regional Outlook:

  • Market Size & Growth Projections:

    • 2025 Market Size: USD 94.68 billion
    • 2026 Market Size: USD 100.22 billion
    • Projected Market Size: USD 177.73 billion by 2035
    • Growth Forecasts: 6.5% CAGR (2026-2035)

  • Key Regional Dynamics:

    • Largest Region: Asia Pacific (51% Share by 2035)
    • Fastest Growing Region: Asia Pacific
    • Dominating Countries: China, United States, Germany, Japan, South Korea
    • Emerging Countries: China, India, Japan, South Korea, Thailand

    • Last updated on : 10 September, 2025

Growth Drivers

  • Growing Awareness of the Poor Air Quality Index – It was found that, owing to poor air quality, more than 6 million people die annually worldwide.The catalytic converter along with the oxygen sensor and ECU work together to help to achieve the lowest possible output of dangerous and polluting gases. The falling air quality index and growing concern about the rising incidences is expected to escalate the Catalytic Converter Market in the projected period.
  • Surge in the Sales Volume of Vehicles – Up-surged sales volume of vehicles has caused an escalated demand for the installation of automotive catalytic converters across the globe. As of 2021, approximately 80 million units of vehicles were sold out across the globe.
  • Significant Growth in the NOx Emissions – According to the most recent data, it was found about 7.5 million tons of nitrogen oxide (NOx) were emitted in the United States in 2021.
  • Escalation in the Number of Gasoline Vehicle Registrations – For instance, it was observed that out of 22 million vehicles registered in the United States in 2018, around 94% of vehicles had gas powertrains.
  • Rising Cases of Heart & Lung Diseases – In 2019, more than 18 million people died from cardiovascular diseases (CVDs) around the globe.

Challenges

  • Concern Associated with the Theft of an automotive catalytic converter to control the emission of harmful pollutants, an automotive catalytic converter requires three main metals to create the chemical reaction that is platinum, palladium, and rhodium. These metals attract thieves to steal the automotive catalytic converter. Hence, this factor may limit the market’s growth over the forecast period.
  • High Cost of Maintenance & Repairs
  • Rising Demand for Fuel-Efficient Vehicles

Catalytic Converter Market Size and Forecast:

Report Attribute Details

Base Year

2025

Forecast Period

2026-2035

CAGR

6.5%

Base Year Market Size (2025)

USD 94.68 billion

Forecast Year Market Size (2035)

USD 177.73 billion

Regional Scope

  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC, North Africa, South Africa, Rest of the Middle East and Africa)
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Catalytic Converter Market Segmentation:

Vehicle Type Segment Analysis

The global catalytic converter market is segmented and analyzed for demand and supply by vehicle type into passenger cars, light commercial vehicles, and heavy commercial vehicles. Out of the three types of vehicles, the heavy commercial vehicle segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the increasing production volume of heavy commercial vehicles coupled with higher utilization in transportation. As of 2021, approximately 22 million units of commercial vehicles were produced across the globe. Additionally, around USD 2 trillion was generated by the global automotive industry in a similar year. The demand for heavy commercial vehicles is also up-surged by the growing transportation of goods across nations. Trucks are one of the most common mediums of transportation and a great example of HCVs. For instance, in 2020, the trucking industry generated nearly USD 700 billion around the globe.

Furthermore, the passenger cars segment is expected to garner the second-largest share in the global Catalytic Converter Market after heavy commercial vehicles. Passenger cars are multi-track vehicles that comprise around two axles that can further extend to nearly 9 seats and are mainly used for passenger transportation. A passenger car has the capacity to weigh around 3 tons. To drive a passenger car on the road, a person requires vehicle registration and a driver’s license. For instance, in 2021, nearly 55 million units of passenger cars were manufactured worldwide.

Our in-depth analysis of the global market includes the following segments:

         By Product Type
  • Four-way Catalytic Converter (FWCC)
  • Three-way Oxidation-Reduction Catalytic Converter
  • Two-way Oxidation Catalytic Converter
  • Diesel Oxidation Catalyst

       By Material
  • Palladium
  • Platinum
  • Rhodium

      By Vehicle Type
  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Catalytic Converter Market Regional Analysis:

Asia Pacific region is anticipated to hold over 51% market share by 2035, due to the presence of a strong mobility network and growing vehicle production. Asia Pacific is known to dominate the global automotive industry with China accounting for approximately 30% of global vehicle production. According to the International Trade Administration, it is projected that China will produce around 32 million vehicles by 2025 while in 2020 around 20 million passenger vehicles were sold out in China. The production of vehicles in China and India also increased since the tariff barriers on vehicles, imported from the USA were very high. Furthermore, rising awareness amongst the populace and governments for increasing air pollution incidences and costs to gross domestic product (GDP) is expected to boost market’s growth in the region. For instance, according to the ‘Health and Economic Impact of Air Pollution in India’, around 18% of all deaths in 2020 could be attributed to air pollution, resulting in a loss of over 1% of gross domestic product (GDP).

Catalytic Converter Market Size
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Catalytic Converter Market Players:

    • Benteler International AG
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • DRiV Incorporated
    • Tenneco Inc.
    • Yutaka Giken Company Limited
    • Sango Co. Ltd
    • Futaba Industrial Co. Ltd.
    • Hanwoo Industrial Co. Ltd
    • Eberspächer Gruppe GmbH & Co. KG
    • Marelli Holdings Co., Ltd.
    • Sejong Industrial Co., Ltd.

Recent Developments

  • Benteler International AG to launch a brand, HOLON to make its robust appearance in autonomous mobility. The company also plans to change the name of one of its units that is the BENTELER EV System. With the launch of HOLON, Benteler International AG further plans to focus on fully electric autonomous movers.

  • DRiV Incorporated’s global brand, Walker Emission Control to release a new replacement catalytic converter. It is also going to offer accessories and hardware that can extent the coverage to nearly 16 million vehicles in North America. The coverage is also going to cover Walker Quiet-Flow SS stainless-steel mufflers, Walker CalCat, Walker Ultra converters, and others.

  • Report ID: 4652
  • Published Date: Sep 10, 2025
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2026, the industry size of catalytic converter is evaluated at USD 100.22 billion.

The global catalytic converter market size was worth over USD 94.68 billion in 2025 and is poised to witness a CAGR of over 6.5%, crossing USD 177.73 billion revenue by 2035.

Asia Pacific catalytic converter market is predicted to capture 51% share by 2035, driven by the presence of a strong mobility network and growing vehicle production.

Key players in the market include Benteler International AG, DRiV Incorporated, Tenneco Inc., Yutaka Giken Company Limited, Sango Co. Ltd, Futaba Industrial Co. Ltd., Hanwoo Industrial Co. Ltd, Eberspächer Gruppe GmbH & Co. KG, Marelli Holdings Co., Ltd., Sejong Industrial Co., Ltd.

Catalytic Converter Market Report Scope

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