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Global Automotive Catalytic Converter Market - Segmented by Type, Material Type, Vehicle Type, and Geography - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4544732
  • Report
  • Region: Global
  • 120 pages
  • Mordor Intelligence
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  • Ballard
  • Bosch Thermotechnology
  • Delphi
  • Electroc Power systems
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The global automotive catalytic converter market is expected to register a CAGR of around 5%, during the forecast period. Some of the major factors driving the growth of the market are enactment of stringent emission norms, and growing automotive industry in Asia-Pacific region, especially in countries, such as India, China, Thailand, and Japan. However, the growing penetration of electric vehicles is expected to hinder the growth of the market.

Catalytic converters are used to reduce exhaust emissions from ICEs. They convert exhaust emission, such as CO, HC, and NOx into less harmful gases, such as CO2 and N2, and also H2O. Two ways converters were installed in vehicles prior to 1990s but, since they do not reduce nitrogen emissions, three ways converters came into picture. Since then, three ways converters have occupied the highest market share and are expected to continue dominating the industry during the forecast period too.

Enactment of Stringent Emission Norms

The demand for and adoption of catalytic converters in the automotive industry has been consistently increasing with the growing automotive industry. With the growing environmental and health concerns and, the government across the world are enacting stringent emission norms to control and reduce carbon emissions.

In 2013, in the United States, carbon dioxide emissions averaged 369 grams per mile, which were down by 7 grams per mile from the 2012 figure. As per the US EPA, for 2014, 2015, and 2016, adjusted CO2 emission values went down to 369 g/mile, 361 g/mile, and 359 g/mile, respectively. This standard further reduced the emission standard to 352 g/mile (preliminary) for the vehicles for MY 2017.

The US EPA and NHTSA are taking initiatives to support the production of environment-friendly vehicles, (from passenger vehicles to commercial vehicles), to ensure improved fuel economy and reduced carbon emissions. Through these initiatives, the government is planning to reduce about 3,100 million metric tons of CO2 emissions and save about 6 billion barrels of oil by 2025.

Additionally, the EU has also set emission standards to regulate the CO2 emission levels of passenger cars and commercial vehicles. Transport emissions have increased in recent years and now account for around one quarter of the EU’s total GHG emissions. The average carbon emissions, based on laboratory tests, of a new car registered in the EU in 2016 was 118.1 grams per kilometre (g/km), well below the 2015 target of 130 g. As a result, the European Commission, European Parliament, and EU member states are preparing to extend the light-duty vehicles’ CO2 regulation to 2025-2030. Consequently, to meet the aforementioned standards, the adoption of catalytic converters is increasing and is expected to witness the same trend during the forecast period.

Platinum Accounts for the Largest Market in Material Type

The PGMs that include platinum, palladium, and rhodium are the most widely used catalysts in automotive catalytic converters. Out of the global platinum demand ~40% of the demand arises from the automotive industry for the usage in the catalytic converter. Owing to its excellent resistance to corrosion even at high temperatures and high catalytic performance, it is being extensively used in the automotive catalytic converters.

Key Developments in the Market
  • April 2018: Tenneco Inc., an auto parts manufacturer has agreed to acquire Federal-Mogul from Icahn Enterprises L.P. in cash and stock deal valued at USD 5.4 billion
  • September 2017: BASF’s Huntsville, Ala., facility produced its 400 millionth catalytic converter
Major Players - FAURECIA SA, MAGNETI MARELLI S.P.A, TENNECO INC., BASF, amongst others.

Reasons to Purchase this Report:
  • To study current and future market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Detailed analysis of the segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)
Report Customization:

This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs
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  • Nedstack
  • Panasonic
  • MORE
1. Introduction
1.1 Study Deliverables
1.2 General Study Assumptions

2. Research Methodology
2.1 Introduction
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Forecast Model

3. Key Findings of the Study

4. Executive Summary

5. Market Overview
5.1 Current Market Scenario
5.2 Technology Trends
5.3 Porter's Five Forces Framework
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Consumers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitute Products and Services
5.3.5 Competitive rivalry within the Industry
5.4 Government Regulations and Incentives, Manufacturing Standards
5.5 Supply Chain Analysis

6. Market Dynamics
6.1 Drivers
6.2 Restraints
6.3 Opportunities

7. Global Automotive Catalyst Converter Market Segmentation, By Type (Market Size, Growth, and Forecast)
7.1 Two Way Catalytic Converter
7.2 Three-way Catalytic Converter
7.3 Others (Diesel Oxidation Catalyst, SCR System, Lean NOx Catalyst etc.)

8. Global Automotive Catalyst Converter Market Segmentation, By Material Type (Market Size, Growth, and Forecast)
8.1 Platinum
8.2 Paladium
8.3 Rhodium
8.4 Others

9. Global Automotive Catalyst Converter Market Segmentation, By Vehicle Type (Market Size, Growth, and Forecast)
9.1 Passenger Cars
9.2 Commercial Vehicles
9.2.1 Light Commercial Vehicles
9.2.2 Heavy Commercial Vehicles

10. Global Automotive Catalyst Converter Market Segmentation by Geography (Market Size, Growth, and Forecast)
10.1 North America
10.1.1 United States
10.1.2 Mexico
10.1.3 Canada
10.1.4 Rest of North America
10.2 Europe
10.2.1 United Kingdom
10.2.2 France
10.2.3 Germany
10.2.4 Russia
10.2.5 Italy
10.2.6 Rest of Europe
10.3 Asia-Pacific
10.3.1 India
10.3.2 China
10.3.3 Japan
10.3.4 Rest of Asia-Pacific
10.4 Rest of the World
10.4.1 Brazil
10.4.2 South Africa
10.4.3 Others

11. Future of the Market
12. Competitive Landscape
12.1 Introduction
12.2 Market Share Analysis**
12.3 Strategies Adopted by Major Players
13. Company Profiles (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)
13.1 Ballard
13.2 Ceres
13.3 Delphi
13.4 Doosan Fuel Cell
13.5 Hydrogenics
13.6 Nedstack
13.7 Nuvera
13.8 Toshiba
13.9 Plug Power
13.10 SFC
13.11 Watt Fuel Cell
13.12 Bosch Thermotechnology
13.13 Electroc Power systems
13.14 Panasonic
13.15 Beijing Sinhoytec
14. Disclaimer
15. **Subject to Availability on Public Domain
Note: Product cover images may vary from those shown
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4 of 5
  • Ballard
  • Ceres
  • Delphi
  • Doosan Fuel Cell
  • Hydrogenics
  • Nedstack
  • Nuvera
  • Toshiba
  • Plug Power
  • SFC
  • Watt Fuel Cell
  • Bosch Thermotechnology
  • Electroc Power systems
  • Panasonic
  • Beijing Sinhoyte.
Note: Product cover images may vary from those shown
5 of 5
Note: Product cover images may vary from those shown
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