Catalytic Converter Market by Type (Three-way Catalytic Converter, Selective Catalytic Reduction, Diesel Oxidation Catalyst, and Lean NOx Trap), Material (Platinum, Palladium, Rhodium), Region, and Aftermarket by Region - Global Forecast to 2021

  • ID: 4197209
  • Report
  • Region: Global
  • 165 Pages
  • Markets and Markets
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The Catalytic Converter Market is Projected to Grow at a CAGR of 8.05% from 2016 to 2021, to Reach a Market Size of USD 55.16 Billion

FEATURED COMPANIES

  • Benteler International AG
  • Bosal International NV
  • Eberspacher Group
  • Faurecia SA
  • Magneti Marelli S.P.A.
  • Sango Co.Ltd.
  • MORE

The catalytic converter market is projected to grow at a CAGR of 8.05%, to reach a market size of USD 55.16 billion by 2021. The implementation of stringent emission norms globally and increasing vehicle production as well as parc are driving the catalytic converter original equipment (OE) market and aftermarket. Alternatively, growing demand for electric vehicles can undermine the demand for catalytic converters.  

According to the analysis, passenger cars account for almost 74% of the total vehicle production globally. Therefore, the major demand for catalyst converters is generated by passenger car production. In addition, the demand for passenger cars is increasing, especially in emerging countries such as China and India. Also, the share of new gasoline-fueled passenger cars is increasing, as compared to diesel-fueled passenger cars. Therefore, the catalytic converter market for passenger cars is the largest market globally. The growth of this market can be attributed to increasing production and growing consumer preference for passenger cars.

The Asia-Oceania region leads the catalytic converter market, owing to increasing vehicle production in countries such as China and India. Further, the vehicle production in these countries is projected to grow at >6.0% CAGR during the period of next five years. This has led to the increased demand for catalytic converters in this region. To meet this demand, leading catalytic converter manufacturers such as Faurecia SA (France), Tenneco, Inc. (U.S.), and Eberspacher Group (Germany) have set up their manufacturing plants in the region. Thus, owing to the presence of leading tier-1 manufacturers and OEMs, the Asia-Oceania region is estimated to be the largest catalytic converter market globally. Additionally, the rising demand for gasoline fueled passenger cars is expected to have contributed towards the growth of this market.

Breakdown Of Primaries

The study contains insights provided by various industry experts, ranging from catalytic converter component suppliers to catalytic converter manufacturers.

The break-up of the primaries is as follows:

  • By Company Type - Tier-1 - 64%, Tier-2 - 21%, and Others - - 15%
  • By Designation - D level - 35%, C level - 40%, and Others - - - 25%
  • By Region - North America - 44%, Europe - 31%, Asia-Pacific - 25%

Note: Others - - include sales managers, product managers, and associations.

Company tiers are based on the value chain; revenue of the company has not been considered. Tier I are catalytic converter manufacturers, while Tier II are material or converter suppliers. Others - include distributors and raw material suppliers.

The report provides detailed profiles of the following companies:

  • Faurecia SA (France)
  • Tenneco, Inc. (U.S.)
  • Benteler International AG (Germany)
  • Magneti Marelli S.p.A (Italy)
  • Eberspacher Group (Germany)
  • Futaba Industrial Co., Ltd. (Japan)
  • Calsonic Kansei Corporation (Japan)
  • Sango Co., Ltd (Japan)
  • Yutaka Giken Company Limited (Japan)
  • Bosal International N.V. (Belgium)

Research Coverage:

The report provides a picture of the catalytic converter market across different verticals and regions. It aims at estimating the market size and future growth potential of the catalytic converter market, by type, by material type, and aftermarket by region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

Reasons to Buy the Report:

The report will help the market leaders and new entrants in this market by providing them the closest approximations of the revenue numbers for the overall catalytic converter market and the subsegments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Benteler International AG
  • Bosal International NV
  • Eberspacher Group
  • Faurecia SA
  • Magneti Marelli S.P.A.
  • Sango Co.Ltd.
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered in the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.2.1 Key Secondary Sources
2.2.2 Key Data From Secondary Sources
2.3 Primary Data
2.3.1 Sampling Techniques & Data Collection Methods
2.3.2 Primary Participants
2.4 Factor Analysis
2.4.1 Demand-Side Analysis
2.4.1.1 Increasing Vehicle Production in Developing Countries
2.4.2 Supply-Side Analysis
2.4.2.1 Impact of Emission Regulations
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach
2.5.2 Market Breakdown & Data Triangulation
2.5.3 Assumptions

3 Executive Summary
3.1 Introduction
3.1.1 Catalytic Converter Market, By Region
3.1.2 Catalytic Converter Market, By Country & Type
3.1.3 Catalytic Converter Market, Vehicle Type & Region
3.1.4 Catalytic Converter Market, By Material Type
3.1.5 Catalytic Converter OE vs Aftermarket
3.1.6 Catalytic Converter Aftermarket, By Vehicle Type

4 Premium Insights
4.1 Attractive Opportunities in the Catalytic Converter Market
4.2 Catalytic Converter Market Share, By Region & Type
4.3 Catalytic Converter Market, By Country
4.4 Catalytic Converter Market, By Type
4.5 Catalytic Converter Market, By Material Type
4.6 Catalytic Converter Aftermarket, By Vehicle Type
4.7 Catalytic Converter OE vs Aftermarket

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Stringent Emission & Fuel Efficiency Regulations Around the Globe to Fuel the Demand for Catalytic Converters
5.3.1.2 Rising Vehicle Production, Sales and PARC
5.3.2 Restraint
5.3.2.1 Growing Demand for Electric Vehicles to Influence the Demand for Catalytic Converters in the Long Term
5.3.3 Opportunities
5.3.3.1 Nanoparticles for Catalytic Reduction
5.3.3.2 Flourishing Automotive Industry & Upcoming Emission Regulations in South Asia
5.3.4 Challenge
5.3.4.1 Fluctuating Prices of Precious Group Metals
5.4 Burning Issue
5.4.1 Catalytic Converter Theft
5.5 Porter’s Five Forces Analysis
5.5.1 Intensity of Competitive Rivalry
5.5.2 Threat of Substitutes
5.5.3 Threat of New Entrant
5.5.4 Bargaining Power of Buyers
5.5.5 Bargaining Power of Suppliers

6 Emission Regulations
6.1 Emission & Fuel Economy Norms
6.1.1 Upcoming Emission & Fuel Economy Standards
6.1.2 Europe
6.1.3 North America
6.1.3.1 U.S. Federal Standards
6.1.3.2 California Standards
6.1.4 Asia-Oceania
6.1.4.1 China
6.1.4.2 Japan
6.1.4.3 India
6.1.4.4 South Korea
6.1.5 RoW
6.1.5.1 Brazil
6.1.5.2 South Africa

7 Catalytic Converter Market, By Type
7.1 Introduction
7.1.1 Catalytic Converter Market Size, By Type
7.2 Three Way Catalyst (TWC)
7.2.1 TWC Market Size, By Region
7.2.2 Asia-Oceania: TWC Market Size, By Country
7.2.3 Europe: TWC Market Size, By Country
7.2.4 North America: TWC Market Size, By Country
7.2.5 Rest of the World: TWC Market Size, By Country
7.3 Selective Catalytic Reduction (SCR)
7.3.1 SCR Market Size, By Region
7.3.2 Asia-Oceania: SCR Market Size, By Country
7.3.3 Europe: SCR Market Size, By Country
7.3.4 North America: SCR Market Size, By Country
7.3.5 Rest of the World: SCR Market Size, By Country
7.4 Diesel Oxidation Catalyst (DOC)
7.4.1 DOC Market Size, By Region
7.4.2 Asia-Oceania: DOC Market Size, By Country
7.4.3 Europe: DOC Market Size, By Country
7.4.4 North America: DOC Market Size, By Country
7.4.5 Rest of the World: DOC Market Size, By Country
7.5 Lean NOX Trap (LNT)
7.5.1 LNT Market Size, By Region
7.5.2 Asia-Oceania: LNT Market Size, By Country
7.5.3 Europe: LNT Market Size, By Country
7.5.4 North America: LNT Market Size, By Country
7.5.5 Rest of the World: LNT Market Size, By Country

8 Catalytic Converter Market, By Material
8.1 Introduction
8.2 Catalytic Converter Market, By Material
8.3 Catalytic Converter Material Market, By Region
8.3.1 Platinum Market in Automotive Catalytic Converters, By Region
8.3.2 Palladium Market in Automotive Catalytic Converters, By Region
8.3.3 Rhodium Market in Automotive Catalytic Converters, By Region
8.3.4 Other Metals Market in Automotive Catalytic Converters, By Region

9 Catalytic Converter Aftermarket, By Region
9.1 Introduction
9.2 Automotive Catalytic Converter Aftermarket, By Region
9.2.1 Passenger Car Catalytic Converter Aftermarket, By Region
9.2.2 Commercial Vehicle Catalytic Converter Aftermarket, By Region

10 Catalytic Converter Market, By Region
10.1 Introduction
10.1.1 Catalytic Converter Market Size, By Region
10.2 Asia-Oceania
10.2.1 Asia-Oceania Catalytic Converter Market Size, By Type
10.2.2 Asia-Oceania Catalytic Converter Market Size, By Vehicle Type
10.3 Europe
10.3.1 Europe Catalytic Converter Market Size, By Type
10.3.2 Europe Catalytic Converter Market Size, By Vehicle Type
10.4 North America
10.4.1 North America Catalytic Converter Market Size, By Type
10.4.2 North America Catalytic Converter Market Size, By Vehicle Type
10.5 Rest of the World
10.5.1 Rest of the World Catalytic Converter Market Size, By Type
10.5.2 Rest of the World Catalytic Converter Market Size, By Vehicle Type

11 Competitive Landscape
11.1 Market Ranking Analysis
11.2 Production Plants and R&D Centers of Top Three Players
11.3 Catalytic Converter: Who Supplies Whom
11.4 Competitive Situations & Trends
11.5 Expansion
11.6 New Product Developments/Launches
11.7 Joint Ventures/Collaborations/Partnerships
11.8 Mergers & Acquisitions

12 Key Innovators
12.1 Introduction
12.2 Amminex Emissions Technology
12.2.1 Company Overview
12.2.2 Key Innovation
12.2.3 Impact of Innovation on Automotive Industry
12.3 Toyota Motor Corporation
12.3.1 Company Overview
12.3.2 Key Innovation
12.3.3 Impact of Innovation on Automotive Industry
12.4 Mazda Motor Corporation
12.4.1 Company Overview
12.4.2 Key Innovation
12.4.3 Impact of Innovation on Automotive Industry
12.5 Sdc Materials, Inc
12.5.1 Company Overview
12.5.2 Key Innovation
12.5.3 Impact of Innovation on Automotive Industry

13 Company Profiles
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments) -
13.1 Introduction
13.2 Faurecia SA
13.3 Tenneco Inc.
13.4 Benteler International AG
13.5 Magneti Marelli S.P.A.
13.6 Eberspacher Group
13.7 Futaba Industrial Co. Ltd.
13.8 Calsonic Kansei Corporation
13.9 Sango Co.Ltd.
13.10 Yutaka Giken Co. Ltd.
13.11 Bosal International NV

  • Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

14 Appendix
14.1 Insights of Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
14.4 Available Customizations
14.4.1 Catalytic Converter Aftermarket, By Country
14.4.1.1 Asia-Oceania
14.4.1.1.1 China
14.4.1.1.2 Japan
14.4.1.1.3 India
14.4.1.2 Europe
14.4.1.2.1 Germany
14.4.1.2.2 France
14.4.1.2.3 Italy
14.4.1.3 North America
14.4.1.3.1 U.S.
14.4.1.3.2 Mexico
14.4.1.3.3 Canada
14.4.2 Off-Highway Catalytic Converter Market, By Application, Type & Region
14.4.2.1 Construction
14.4.2.1.1 SCR
14.4.2.1.2 DOC
14.4.2.2 Mining
14.4.2.2.1 SCR
14.4.2.2.2 DOC
14.4.2.3 Agriculture
14.4.2.3.1 SCR
14.4.2.3.2 DOC
14.4.3 Two-Wheeler Catalytic Converter Market, By Type & Region
14.4.3.1 Asia-Oceania
14.4.3.1.1 Two-Way Catalyst
14.4.3.1.2 Three-Way Catalyst
14.4.3.2 Europe
14.4.3.2.1 Three-Way Catalyst
14.4.3.3 North America
14.4.3.3.1 Three-Way Catalyst
14.4.4 Regional Analysis
14.4.5 Company Information
14.5 Related Reports
14.6 Author Details

List of Tables

Table 1 on Road Light & Heavy Duty Vehicles Emission Regulation Outlook
Table 2 Financial Incentives for Electric Vehicles, By Country
Table 3 Porter’s Five Forces Analysis
Table 4 Overview of Emission Regulation for Passenger Cars
Table 5 Overview of Emission Regulation for Light Commercial Vehicles
Table 6 Overview of Emission Regulation for Heavy Commercial Vehicles
Table 7 Catalytic Converter Market, By Type, 2014-2021 (‘000 Units)
Table 8 Catalytic Converter Market, By Type, 2014-2021 (USD Million)
Table 9 TWC: Catalytic Converter Market, By Region, 2014-2021 (‘000 Units)
Table 10 TWC: Catalytic Converter Market, By Region, 2014-2021 (USD Million)
Table 11 Asia-Oceania: TWC Market, By Country, 2014-2021 (‘000 Units)
Table 12 Asia-Oceania: TWC Market, By Country, 2014-2021 (USD Million)
Table 13 Europe: TWC Market, By Country, 2014-2021 (‘000 Units)
Table 14 Europe: TWC Market, By Country, 2014-2021 (USD Million)
Table 15 North America: TWC Market, By Country, 2014-2021 (‘000 Units)
Table 16 North America: TWC Market, By Country, 2014-2021 (USD Million)
Table 17 Rest of the World: TWC Market, By Country, 2014-2021 (‘000 Units)
Table 18 Rest of the World: TWC Market, By Country, 2014-2021 (USD Million)
Table 19 SCR: Catalytic Converter Market, By Region, 2014-2021 (‘000 Units)
Table 20 SCR: Catalytic Converter Market, By Region, 2014-2021 (USD Million)
Table 21 Asia-Oceania: SCR Market, By Country, 2014-2021 (‘000 Units)
Table 22 Asia-Oceania: SCR Market, By Country, 2014-2021 (USD Million)
Table 23 Europe: SCR Market, By Country, 2014-2021 (‘000 Units)
Table 24 Europe: SCR Market, By Country, 2014-2021 (USD Million)
Table 25 North America: SCR Market, By Country, 2014-2021 (‘000 Units)
Table 26 North America: SCR Market, By Country, 2014-2021 (USD Million)
Table 27 Rest of the World: SCR Market, By Country, 2014-2021 (‘000 Units)
Table 28 Rest of the World: SCR Market, By Country, 2014-2021 (USD Million)
Table 29 DOC: Catalytic Converter Market, By Region, 2014-2021 (‘000 Units)
Table 30 DOC: Catalytic Converter Market, By Region, 2014-2021 (USD Million)
Table 31 Asia-Oceania: DOC Market, By Country, 2014-2021 (‘000 Units)
Table 32 Asia-Oceania: DOC Market, By Country, 2014-2021 (USD Million)
Table 33 Europe: DOC Market, By Country, 2014-2021 (‘000 Units)
Table 34 Europe: DOC Market, By Country, 2014-2021 (USD Million)
Table 35 North America: DOC Market, By Country, 2014-2021 (‘000 Units)
Table 36 North America: DOC Market, By Country, 2014-2021 (USD Million)
Table 37 Rest of the World: DOC Market, By Country, 2014-2021 (‘000 Units)
Table 38 Rest of the World: DOC Market, By Country, 2014-2021 (USD Million)
Table 39 LNT: Catalytic Converter Market, By Region, 2014-2021 (‘000 Units)
Table 40 LNT: Catalytic Converter Market, By Region, 2014-2021 (USD Million)
Table 41 Asia-Oceania: LNT Market, By Country, 2014-2021 (‘000 Units)
Table 42 Asia-Oceania: LNT Market, By Country, 2014-2021 (USD Million)
Table 43 Europe: LNT Market, By Country, 2014-2021 (‘000 Units)
Table 44 Europe: LNT Market, By Country, 2014-2021 (USD Million)
Table 45 North America: LNT Market, By Country, 2014-2021 (‘000 Units)
Table 46 North America: LNT Market, By Country, 2014-2021 (USD Million)
Table 47 Rest of the World: LNT Market, By Country, 2014-2021 (‘000 Units)
Table 48 Rest of the World: LNT Market, By Country, 2014-2021 (USD Million)
Table 49 Catalytic Converter Market, By Material, 2014-2021 (Kg)
Table 50 Catalytic Converter Market, By Material, 2014-2021 (USD Million)
Table 51 Catalytic Converter Material Market, By Region, 2014-2021 (Kg)
Table 52 Catalytic Converter Material Market, By Region, 2014-2021 (USD Million)
Table 53 Platinum Market in Automotive Catalytic Converter, By Region, 2014-2021 (Kg)
Table 54 Platinum Market in Automotive Catalytic Converter, By Region, 2014-2021 (USD Million)
Table 55 Palladium Market in Automotive Catalytic Converter, By Region, 2014-2021 (Kg)
Table 56 Palladium Market in Automotive Catalytic Converter, By Region, 2014-2021 (USD Million)
Table 57 Rhodium Market in Automotive Catalytic Converter, By Region, 2014-2021 (Kg)
Table 58 Rhodium Market in Automotive Catalytic Converter, By Region, 2014-2021 (USD Million)
Table 59 Other Materials Market in Automotive Catalytic Converter, By Region, 2014-2021 (Kg)
Table 60 Other Materials Market in Automotive Catalytic Converter, By Region, 2014-2021 (USD Million)
Table 61 Automotive Catalytic Converter Average Life, By Type
Table 62 Automotive Catalytic Converter Aftermarket, By Region, 2014 - 2021 (Million Units)
Table 63 Automotive Catalytic Converter Aftermarket, By Region, 2014 - 2021 (USD Million)
Table 64 Passenger Car: Automotive Catalytic Converter Aftermarket, By Region, 2014 - 2021 (Million Units)
Table 65 Passenger Car: Automotive Catalytic Converter Aftermarket, By Region, 2014 - 2021 (USD Million)
Table 66 Commercial Vehicle: Automotive Catalytic Converter Aftermarket, By Region, 2014 - 2021 (Million Units)
Table 67 Commercial Vehicle: Automotive Catalytic Converter Aftermarket, By Region, 2014 - 2021 (USD Million)
Table 68 Catalytic Converter Market, By Region, 2014 - 2021 (‘000 Units)
Table 69 Catalytic Converter Market, By Region, 2014 - 2021 (USD Million)
Table 70 Asia-Oceania: Catalytic Converter Market, By Type, 2014 - 2021 (‘000 Units)
Table 71 Asia-Oceania: Catalytic Converter Market, By Type, 2014 - 2021 (USD Million)
Table 72 Asia-Oceania: Catalytic Converter Market, By Vehicle Type, 2014 - 2021 (‘000 Units)
Table 73 Asia-Oceania: Catalytic Converter Market, By Vehicle Type, 2014 - 2021 (USD Million)
Table 74 Europe: Catalytic Converter Market, By Type, 2014 - 2021 (‘000 Units)
Table 75 Europe: Catalytic Converter Market, By Type, 2014 - 2021 (USD Million)
Table 76 Europe: Catalytic Converter Market, By Vehicle Type, 2014 - 2021 (‘000 Units)
Table 77 Europe: Catalytic Converter Market, By Vehicle Type, 2014 - 2021 (USD Million)
Table 78 North America: Catalytic Converter Market, By Type, 2014 - 2021 (‘000 Units)
Table 79 North America: Catalytic Converter Market, By Type, 2014 - 2021 (USD Million)
Table 80 North America: Catalytic Converter Market, By Vehicle Type, 2014 - 2021 (‘000 Units)
Table 81 North America: Catalytic Converter Market, By Vehicle Type, 2014 - 2021 (USD Million)
Table 82 Rest of the World: Catalytic Converter Market, By Type, 2014 - 2021 (‘000 Units)
Table 83 Rest of the World: Catalytic Converter Market, By Type, 2014 - 2021 (USD Million)
Table 84 North America: Catalytic Converter Market, By Vehicle Type, 2014 - 2021 (‘000 Units)
Table 85 Rest of the World: Catalytic Converter Market, By Vehicle Type, 2014 - 2021 (USD Million)
Table 86 Production Plants and R&D Centers of Top Three Players, 2015
Table 87 Expansions, 2013-2016
Table 88 New Product Developments/Launches, 2013-2015
Table 89 Joint Ventures, 2012-2014
Table 90 Key Innovators, Innovations, and Impact on Catalytic Converter Industry

List of Figures

Figure 1 Catalytic Converter Market: Research Design
Figure 2 Research Design Model
Figure 3 Breakdown of Primary Interviews
Figure 4 Vehicle Production, 2010 vs 2015 (‘000 Units)
Figure 5 Catalytic Converter Market: Bottom-Up Approach
Figure 6 Catalytic Converter Aftermarket: Bottom-Up Approach
Figure 7 Data Triangulation
Figure 8 Asia-Oceania to Lead the Catalytic Converter Market, 2016 vs 2021 (USD Billion)
Figure 9 China Holds the Largest Market Size in the Catalytic Converter Market in 2016 (USD Million)
Figure 10 Passenger Cars to Constitute the Largest Segment of the Catalytic Converter Market, By Vehicle Type, 2016 (Value)
Figure 11 Palladium to Dominate the Catalytic Converter Market, 2016 vs 2021
Figure 12 OE Market to Have the Larger Share in Overall Catalytic Converter Market, By Value, 2016 vs 2021
Figure 13 Passenger Car Segment to Hold the Largest Share in the Catalytic Converter Aftermarket, 2016 vs 2021 (USD Billion)
Figure 14 Stringent Emission Regulations to Drive the Catalytic Converter Market in the Next Five Years
Figure 15 Asia-Oceania to Hold the Largest Share in the Catalytic Converter Market in 2016, (USD Billion)
Figure 16 China to Grow at the Highest Growth Rate During the Forecast Period, (Value)
Figure 17 SCR to Register the Highest Growth Over the Forecast Period, (USD Billion)
Figure 18 Palladium to Hold the Largest Market Share, 2016 vs 2021 (USD Million)
Figure 19 Passenger Car Segment Expected to Lead the Aftermarket, 2016 vs 2021 (USD Billion)
Figure 20 Catalytic Converter OE vs Aftermarket, 2016 vs 2021
Figure 21 Market Segmentation - Automotive Catalytic Converter Market
Figure 22 Catalytic Converter Market - Market Dynamics
Figure 23 Global Passenger Car Production & PARC, 2015
Figure 24 Battery Electric Vehicle Sales, 2014 vs 2015
Figure 25 Vehicle Production in Key South Asian Countries, 2011 vs 2015
Figure 26 Light Duty Vehicle Emission Standards in Southeast Asian Countries
Figure 27 Platinum & Palladium Prices, 2005-2016
Figure 28 Porter’s Five Forces Analysis: Presence of Established Global Players Increases the Degree of Competition
Figure 29 Strong Competition Among the Well-Established Players Leads to High Intensity of Competitive Rivalry
Figure 30 Unavailability of Direct Substitutes Impacts Threat of Substitutes
Figure 31 Presence of Well-Established Players & Capital-Intensive Nature of Catalytic Converter Industry Makes Threat of New Entrants Low
Figure 32 Limited Number of Buyers Leads to an Increase in the Bargaining Power
Figure 33 Higher Supplier Concentration & Importance of Volumes Impacts the Bargaining Power of Suppliers
Figure 34 Overview of Diesel Fuel Sulphur Limits
Figure 35 Overview of Gasoline Fuel Sulfur Limits
Figure 36 Fine Particulate (PM2.5) Average Life Time Emission Factors for Diesel Vehicles By Emission Standard and Sulfur Content
Figure 37 EPA vs Euro Emission Norms Analysis, NOX vs PM
Figure 38 Catalytic Converter Market Outlook, By Type, 2016vs. 2021
Figure 39 Catalytic Converter Market, By Material, 2016 vs 2021 (USD Million)
Figure 40 Automotive Catalytic Converter Aftermarket, By Region, 2016 - 2021 (USD Million)
Figure 41 Global Catalytic Converter Market Snapshot
Figure 42 Asia-Oceania Catalytic Converter Market Snapshot
Figure 43 Europe Catalytic Converter Market Snapshot
Figure 44 Companies Adopted Expansions & New Product Developments/Launches as Key Growth Strategy
Figure 45 Catalytic Converter Market Ranking, 2015
Figure 46 Market Evaluation Framework: Supply Contracts & Expansions Fueled the Growth of the Catalytic Converter Market From 2012 to 2016
Figure 47 Battle for Market Share: Expansion Was the Most Widely Adopted Strategy
Figure 48 Faurecia SA: Company Snapshot
Figure 49 Faurecia : SWOT Analysis
Figure 50 Tenneco Inc.: Company Snapshot
Figure 51 Tenneco Inc.: SWOT Analysis
Figure 52 Benteler International AG.: Company Snapshot
Figure 53 Benteler International AG: SWOT Analysis
Figure 54 Magneti Marelli S.P.A.: Company Snapshot
Figure 55 Magneti Marelli S.P.A: SWOT Analysis
Figure 56 Eberspacher Group:Company Snapshot
Figure 57 Eberspacher Group: SWOT Analysis
Figure 58 Futaba Industrial Co. Ltd.: Company Snapshot
Figure 59 Calsonic Kansei Corporation: Company Snapshot
Figure 60 Sango Co. Ltd.: Company Snapshot
Figure 61 Yutaka Giken Co. Ltd.: Company Snapshot

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Benteler International AG
  • Bosal International NV
  • Eberspacher Group
  • Faurecia SA
  • Magneti Marelli S.P.A.
  • Sango Co.Ltd.
  • MORE

The catalytic converter market is projected to grow at a CAGR of 8.05% from 2016 to 2021, to reach a market size of USD 55.16 Billion by 2021. Stringent fuel efficiency norms, increasing vehicle demand, and production are the major drivers for the catalytic converter market.

Selective Catalytic Reduction (SCR) is the fastest growing segment globally, in terms of value and volume. The demand for SCR is increasing owing to stringent emission regulations. Though SCR cannot be used in gasoline vehicles, OEMs are opting for SCR for diesel vehicles, particularly for heavy duty vehicles as there is less space constraint to fit SCR. Three-way catalyst (TWC) is the largest market among the different types of catalytic converters. It is widely used in gasoline vehicles. TWC is the largest market owing to increasing demand for gasoline vehicles, especially in passenger cars.

Heavy Commercial Vehicle (HCV) is the fastest growing vehicle type in the catalytic converter market. HCV segment is a major source of vehicular emissions. It requires diesel oxidation catalyst for removing carbon monoxide (CO) and hydrocarbons (HC). Additionally, diesel vehicles require either SCR or LNT for removal of NOx. The adoption of diesel emission technology is growing in the wake of stringent emission regulations.

Palladium is the fastest growing segment in the catalytic converter market, by material type. It is used as an oxidation catalyst and is also one of the cheapest precious metals. It is widely used in gasoline catalytic converter technology. The demand for palladium is driven by the growth of the catalytic converter market.

The Asia-Oceania region is estimated to dominate the catalytic converter market, and is projected to grow at the highest CAGR, in terms of value, during the forecast period. Asia-Oceania has emerged as a hub for automotive production owing to changing consumer preferences, increasing disposable income of the middle-class population, and cost advantages for OEMs. Manufacturers such as BMW AG (Germany) and Volkswagen Group (Germany) have already set up manufacturing units in this region. Factors such as low production costs, availability of economical labor, lenient emission and safety norms, and government initiatives for FDIs have led to the region witnessing higher growth than the matured markets of Europe and North America.  Additionally, Asia-Oceania is a hub of major catalytic converter manufacturers such as Faurecia SA (France), Tenneco, Inc. (U.S.), Eberspacher Group (Germany) and other Tier-1 suppliers. Thus, the market for catalytic converters is the largest in the Asia-Oceania region.

A key factor restraining the growth of catalytic converter market is the growing demand for electric vehicles. Increasing sales of electric vehicles could influence the demand for catalytic converters in the long term. This will decrease the number of catalytic converter enabled vehicles on the road and would impact the catalytic converter market. The catalytic converter market is dominated by a few global players and comprises several regional players.  Some of the key manufacturers operating in the market are Faurecia SA (France), Tenneco, Inc. (U.S.), Eberspacher Group (Germany), Benteler International AG (Germany), and Magneti Marelli S.p.A. (Italy).

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  • Benteler International AG
  • Bosal International NV
  • Calsonic Kansei Corporation
  • Eberspacher Group
  • Faurecia SA
  • Futaba Industrial Co. Ltd.
  • Magneti Marelli S.P.A.
  • Sango Co.Ltd.
  • Tenneco Inc.
  • Yutaka Giken Co. Ltd.
Note: Product cover images may vary from those shown
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