Automotive Catalytic Converter Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
Report Description
The global automotive catalytic converter market size is estimated at USD 177.3 billion in 2020, expanding at a CAGR of 7.7% from 2021-2027 to reach 198.5 billion USD in 2027.
Market Dynamics
The automotive catalytic converter market is projected to develop significantly in the near future owing to the catalytic converter's unique characteristics, such as operating efficiency, increased energy efficiency, and safety devices, the automotive catalytic. Furthermore, rising global vehicle production and sales, as well as government-imposed stricter pollution standards for cars, are projected to complement global market growth in the near future. However, market growth is hampered by reasons such as expensive R&D costs and rising demand for electric and hybrid cars.
The COVID-19 epidemic had a significant influence on the market, resulting in fewer new commercial and passenger cars being sold throughout the world. Even aftermarket sales of catalytic converters did not make for strong business in 2020 due to various limitations. The market, on the other hand, anticipates a return to normal economic circumstances following the pandemic, given the predicted increase in desire for individual mobility.
Due to the growing usage of automobile catalytic converters, the rhodium catalyst category is now seeing significant market expansion. In terms of revenue, this category has emerged as the most important. In the foreseeable future, the rhodium market for automobile catalytic converters is likely to dominate. Governments and regulatory agencies, such as the U.S. Environmental Protection Agency, are implementing stringent emission norms to reduce and control carbon emissions, particularly in the automotive industry, in response to consistently rising global emission levels and growing health issues. A catalytic converter aids in the reduction of emissions and allows manufacturers to adhere to international regulations. Because the demand for automobiles is projected to continue to rise in the next years, the need for car catalytic converters is predicted to rise as well.
The worldwide market is divided into four regions: North America, Europe, Asia-Pacific, and Latin America, and the Caribbean. Europe dominates the worldwide automotive catalytic sector, accounting for the lion's share of the overall revenue, followed by Asia-Pacific and North America. To remain competitive in the industry, most of the major companies, such as Tenneco, Faurecia, Clean Diesel Technologies, and Magneti Marelli have used product launches, partnerships, and cooperation as their primary growth strategies. These techniques allow businesses to increase their overall income and grow their customer base.
The automobile catalytic converter market is divided into three categories: type, catalyst, and region. Three-way oxidation-reduction catalytic converters, two-way oxidation catalytic converters, and diesel oxidation catalysts are the three types of catalytic converters on the market. Palladium, platinum, and rhodium are the three catalysts that make up the market. BASF Catalysts LLC, Faurecia SA, Magneti Marelli S.P.A, Eberspaecher GmbH Holding & Co, Benteler International AG, Tenneco Inc., Standard Motor Products Europe Ltd, and Calsonic Kansei Corporation are some of the main firms featured in the study.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Automotive Catalytic Converters by type, region, and application. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):
- Yutaka Giken Company Limited
- Tenneco Inc.
- Sejong
- Sango Co. Ltd
- Marelli
- KATCON
- Hanwoo Industrial Co. Ltd
- Futaba Industrial Co. Ltd
- Faurecia
- Eberspacher
- Boysen
- BOSAL
- Benteler
Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Three-way oxidation-reduction catalytic converter
- Diesel oxidation catalytic converter
- Two-way oxidation catalytic converter
Catalyst Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Platinum catalyst
- Palladium catalyst
- Rhodium catalyst
Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain, etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina, etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)
Table Of Content
TABLE OF CONTENT
1. Automotive Catalytic Converter Market Overview
1.1. Product Overview and Scope of Automotive Catalytic Converter
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Automotive Catalytic Converter Market Size Growth Rate Analysis by Type 2020 VS 2027
1.3.1. Three-way oxidation-reduction catalytic converter
1.3.2. Diesel oxidation catalytic converter
1.3.3. Two-way oxidation catalytic converter
1.4. Global Automotive Catalytic Converter Consumption Comparison by Catalyst: 2020 VS 2027
1.4.1. Platinum catalyst
1.4.2. Palladium catalyst
1.4.3. Rhodium catalyst
1.5. Global Automotive Catalytic Converter Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.5.1. North America Automotive Catalytic Converter Estimates
1.5.2. Europe Automotive Catalytic Converter Estimates
1.5.3. China Automotive Catalytic Converter Estimates
1.5.4. Japan Automotive Catalytic Converter Estimates
2. Market Competition by Manufacturers
2.1. Global Automotive Catalytic Converter Revenue Market Share by Manufacturers (2020)
2.2. Automotive Catalytic Converter Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Automotive Catalytic Converter Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Automotive Catalytic Converter Production Sites, Area Served, Product Type s
2.5. Automotive Catalytic Converter Market Competitive Situation and Trends
2.5.1. Automotive Catalytic Converter Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Automotive Catalytic Converter Consumption by Region (2016-2021)
3.1. Global Automotive Catalytic Converter Consumption by Region
3.2. Global Automotive Catalytic Converter Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Automotive Catalytic Converter Consumption Growth Rate (2016-2021)
3.2.3. North America Automotive Catalytic Converter Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Automotive Catalytic Converter Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Automotive Catalytic Converter Consumption Growth Rate (2016-2021)
3.2.7. Europe Automotive Catalytic Converter Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Automotive Catalytic Converter Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Automotive Catalytic Converter Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Automotive Catalytic Converter Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Automotive Catalytic Converter Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Automotive Catalytic Converter Consumption Growth Rate (2016-2021)
3.2.15. South America Automotive Catalytic Converter Consumption, Price and Gross Margin (2016-2021)
3.2.16. South America Automotive Catalytic Converter Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Automotive Catalytic Converter Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Automotive Catalytic Converter Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Automotive Catalytic Converter Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Automotive Catalytic Converter Consumption by Type (2016-2021)
4.1. Global Automotive Catalytic Converter Price by Type (2016-2021)
4.2. Global Automotive Catalytic Converter Revenue Market Share by Type (2016-2021)
4.2.1. Three-way oxidation-reduction catalytic converter
4.2.2. Diesel oxidation catalytic converter
4.2.3. Two-way oxidation catalytic converter
5. Global Automotive Catalytic Converter Consumption by Catalyst (2016-2021)
5.1. Global Automotive Catalytic Converter Price by Catalyst (2016-2021)
5.2. Global Automotive Catalytic Converter Revenue Market Share by Catalyst (2016-2021)
5.2.1. Platinum catalyst
5.2.2. Palladium catalyst
5.2.3. Rhodium catalyst
6. Key Companies Profiled
6.1. Yutaka Giken Company Limited
6.1.1. Yutaka Giken Company Limited Automotive Catalytic Converter Corporation Information
6.1.2. Yutaka Giken Company Limited Automotive Catalytic Converter Product Portfolio
6.1.3. Yutaka Giken Company Limited Automotive Catalytic Converter Consumption, Price and Gross Margin (2016-2021)
6.1.4. Yutaka Giken Company Limited Main Business and Markets Served
6.1.5. Yutaka Giken Company Limited Recent Developments/Updates
6.2. Tenneco Inc.
6.3. Sejong
6.4. Sango Co. Ltd
6.5. Marelli
6.6. KATCON
6.7. Hanwoo Industrial Co. Ltd
6.8. Futaba Industrial Co. Ltd
6.9. Faurecia
6.10. Eberspacher
6.11. Boysen
6.12. BOSAL
6.13. Benteler
7. Marketing Channel, Distributors and Customers
7.1. Marketing Channel
7.2. Automotive Catalytic Converter Distributors List
7.3. Automotive Catalytic Converter Customers
8. Market Dynamics
8.1. Automotive Catalytic Converter Industry Trends
8.2. Automotive Catalytic Converter Growth Drivers
8.3. Automotive Catalytic Converter Market Challenges
8.4. Automotive Catalytic Converter Market Restraints
9. Global Automotive Catalytic Converter Consumption and Demand Forecast, by region (2022-2027)
9.1. Global Forecasted Demand Analysis of Automotive Catalytic Converter, by Regions and Country
9.1.1. North America Forecasted Consumption of Automotive Catalytic Converter by Country
9.1.2. Europe Market Forecasted Consumption of Automotive Catalytic Converter by Country
9.1.3. Asia Pacific Market Forecasted Consumption of Automotive Catalytic Converter by Region
9.1.4. Latin America Forecasted Consumption of Automotive Catalytic Converter by Country
9.1.5. Middle East and Africa Forecasted Consumption of Automotive Catalytic Converter by Country
10. Global Automotive Catalytic Converter Consumption and Demand Forecast, by Type Segments (2022-2027)
10.1. Global Forecasted Consumption of Automotive Catalytic Converter by Type Segments (2022-2027)
10.2. Global Consumption and Price Forecast by Type Segments (2022-2027)
10.2.1. Global Forecasted Growth Rate of Automotive Catalytic Converter by Type Segments (2022-2027)
11. Global Automotive Catalytic Converter Consumption and Demand Forecast, by Catalyst Segments (2022-2027)
11.1. Global Forecasted Consumption of Automotive Catalytic Converter by Catalyst Segments (2022-2027)
11.2. Global Consumption and Price Forecast by Catalyst Segments (2022-2027)
11.2.1. Global Forecasted Growth Rate of Automotive Catalytic Converter by Catalyst Segments (2022-2027)
12. Research Finding and Conclusion
13. Methodology and Data Source
13.1. Methodology/Research Approach
13.1.1. Research Programs/Type
13.1.2. Market Size Estimation
13.1.3. Market Breakdown and Data Triangulation
13.2. Data Source
13.2.1. Secondary Sources
13.2.2. Primary Sources
13.3. Author List
13.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
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- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
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