Catalytic Converter In North America

Key Highlights

• A catalytic converter is an exhaust emission control device in vehicles that transforms hazardous gases and pollutants in exhaust gas/fuel gas from an internal combustion engine into less-toxic pollutants.
• The North American catalytic converter market recorded revenues of $3.32 billion in 2024, representing a compound annual growth rate (CAGR) of 0.5% between 2019-24.
• The palladium segment accounted for the market's largest proportion in 2024, with total revenues of $1.69 billion, equivalent to 50.9% of the market's overall value.
• The North American catalytic converter market’s sluggish growth during 2019-24, primarily due to the increasing adoption of electric vehicles across the region, which do not require catalytic converters, significantly impacted demand.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the catalytic converter market in North America
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the catalytic converter market in North America
• Leading company profiles reveal details of key catalytic converter market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the North America catalytic converter market with five year forecasts

Reasons to Buy

• What was the size of the North America catalytic converter market by value in 2024?
• What will be the size of the North America catalytic converter market in 2029?
• What factors are affecting the strength of competition in the North America catalytic converter market?
• How has the market performed over the last five years?
• What are the main segments that make up North America's catalytic converter market?