Catalytic Converter Market

Catalytic Converter Market by Type (FWCC, TWCC, SCR, DOC, and LNT), Material (Platinum, Palladium, and Rhodium), Vehicle Type (Passenger Cars, LCV, Bus & Truck, Construction, and Agriculture & Mining), Aftermarket and Region - Global Forecast to 2025

Report Code: AT 3133 Mar, 2019, by marketsandmarkets.com

[211 Pages Report] The catalytic converter market is estimated to be USD 42.4 billion in 2018 and is projected to reach USD 73.1 billion by 2025, at a CAGR of 8.10%. The Asia Oceania region is projected to lead the market during the forecast period owing to the highest vehicle production compared to other regions such as North America and Europe. The increasing demand for passenger cars along with the rising stringency in emission norms would further fuel the demand for catalytic converters, especially in the European and North American countries.

Catalytic Converter Market

The SCR segment is expected to be the largest contributor in the market during the forecast period

The SCR technology offers benefits including enhanced NOx reduction than LNT by nearly 90%, and hence, it is mostly preferred in diesel vehicles across the globe. SCR has a maximum installation rate in European and North American countries owing to the ongoing emission norms such as Euro 6 and Tier 3 respectively. Europe has a large adoption rate of diesel passenger cars and LCVs. Thus, it has a higher installation rate of SCRs compared to other regions such as Asia Oceania and North America for these vehicle types. Further, the newer trucks and buses in developed countries must withstand the permissible NOx limits and should be fitted with SCRs. Moreover, owing to the ongoing and upcoming stringent emission norms in developing countries such as China, India, and Thailand, the demand for SCRs is expected to increase significantly across all diesel vehicle types by 2022 at a global level.

Passenger car is estimated to dominate the market during the forecast period

By vehicle type, the passenger car segment is estimated to dominate the market owing to its largest share in vehicle production all over the world. Asia Oceania also happens to be one of the largest markets for passenger cars. However, the region has a low adoption rate for various aftertreatment devices. Moreover, the Asia Oceania passenger car market is dominated by gasoline engines that also restrict the adoption rate of various diesel aftertreatment devices. The adoption rate of aftertreatment devices in HDVs such as buses and trucks are higher as these vehicles are equipped with large diesel engines and emit a higher amount of harmful gases compared to passenger cars.

Catalytic Converter Market

Asia Oceania is expected to account for the largest market size during the forecast period

Asia Oceania has the largest market share of vehicle production with about 54–56% of the total vehicle production. China, India, and Japan are the largest vehicle production hubs because of rising urbanization, increasing GDP, and industrialization among others. With the growing vehicle production, vehicle emissions have also increased significantly. Considering this, few countries such as China, Japan, and India have implemented vehicle emission norms. For instance, China and India are currently running on China IV and BS IV. However, they are planning to implement China VI and BS VI by 2020 which is equivalent to Euro VI. Moving toward strict emission norms will create a huge demand for various aftertreatment devices. In Asia Oceania, China and Japan are the leading countries for the market, by aftertreatment device.

Key Market Players

The catalytic converter market is dominated by the global players and comprises several regional players. Some of the key players in the market are Faurecia (France), Tenneco (US), Continental (Germany), Eberspδcher (Germany), Johnson Maththey (UK), Umicore (Belgium), Futaba (Japan), BAEF (Germany), CDTI Materials (US), and Benteler International (Austria). Faurecia is anticipated to be a dominant player in the market. Faurecia adopted the strategies of expansion, new product development, partnership, and mergers & acquisitions to retain its leading position in the market. Strengthening the product portfolio and global presence by building customer relationships, Faurecia has left a mark not only in the current market but also in emerging markets such as India. This is the strategy that Faurecia is following to maintain its leadership in the market.

Recent Developments

  • In 2018, BASF invested in a new production facility for mobile emission catalysts at its Pudong site in Shanghai, China. The new 30,000 m2 facility will house multiple manufacturing lines, providing a full range of emission control technologies for heavy- and light-duty vehicle manufacturers. Construction is underway, with operations planned for the end of 2019.
  • In 2018, Faurecia announced that it would establish a new plant in Yamato City, Kanagawa Prefecture. This will be Faurecia's first stand-alone plant in Japan. However, the French parts supplier produces some components at its joint venture in Japan with a Japanese parts supplier. Faurecia will invest USD 12 million in this project. The new plant will begin manufacturing catalytic converters in April 2020 to supply products to the Japanese OEMs.
  • In 2017, Tenneco presented its latest ride performance and clean air solutions that reduce emissions, contribute to improved fuel economy, and enhance vehicle performance at the 2017 North American Commercial Vehicle Show in Atlanta, Georgia. Tenneco showcased a full range of cabin dampers, axel dampers, and seat dampers. In addition, the company presented the newest member of the XNOx technology family—XNOx Liquid Urea SCR.
  • In 2014, Eberspacher developed a new technology “combi system” by integrating the functionality of SCR and DPF into one component. The technology reduces the distance between the engine outlet and other exhaust gas aftertreatment components. The technology would also provide high efficiency and improved thermal management.

Key Questions addressed by the report

  • Which type of catalytic converter is going to dominate in the future?
  • How are the industry players addressing the challenge of maintaining a balance between performance and low-cost diesel catalytic converter?
  • When is SCR going to get mass adoption in the market for all vehicle types?
  • What could be the market size of catalytic converters for off-highway vehicles?
  • What could be the size of catalytic converters for the aftermarket?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Package Size
    1.7 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources for Vehicle Production
           2.2.2 Key Secondary Sources for Market Sizing
           2.2.3 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach: Catalytic Converter Oe Market
           2.4.2 Bottom-Up Approach: Catalytic Converter Material Market
           2.4.3 Bottom-Up Approach: Catalytic Converter Aftermarket
    2.5 Market Breakdown and Data Triangulation
    2.6 Assumptions
           2.6.1 Global Assumptions

3 Executive Summary (Page No. - 33)

4 Premium Insights (Page No. - 36)
    4.1 Attractive Opportunities in Market
    4.2 Market in Asia Oceania, By Type and Country
    4.3 Market, By Country
    4.4 Market, By Type
    4.5 Market, By Vehicle Type
    4.6 Market, By Off-Highway Vehicle
    4.7 Market, By Region
    4.8 Market, By Material

5 Market Overview (Page No. - 44)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Stringent Emission and Fuel Efficiency Regulations Around the Globe to Fuel the Demand for Catalytic Converters
                               5.2.1.1.1 Region-Wise Emission and Fuel Efficiency Targets
                               5.2.1.1.2 Tier 4/Stage 4 Emission Regulations for Off-Highway Engines
                               5.2.1.1.3 Role of Catalytic Converters in Emission Control
                    5.2.1.2 Increasing Aftermarket for Catalytic Converters
                               5.2.1.2.1 Increasing Average Age and Miles Driven of Vehicles
                               5.2.1.2.2 Catalytic Converter Theft
                    5.2.1.3 Increasing Demand for SCR in Heavy Diesel Engines
           5.2.2 Restraints
                    5.2.2.1 Increasing Sales of Battery Electric Vehicles
           5.2.3 Opportunities
                    5.2.3.1 Nanoparticles for Catalytic Reduction
                    5.2.3.2 Introduction of Real Drive Emission (Rde) Tests
                    5.2.3.3 Recycling of Automotive Catalysts
           5.2.4 Challenges
                    5.2.4.1 Fluctuating Price of Precious Group Metals
                    5.2.4.2 Controlling Adulteration in Def

6 Industry Trends (Page No. - 58)
    6.1 Technology Overview
           6.1.1 Major Components and Their Functions in an Automotive Exhaust System
                    6.1.1.1 Exhaust Manifold
                    6.1.1.2 Catalytic Converter
                               6.1.1.2.1 Substrate
                               6.1.1.2.2 Wash-Coat
                               6.1.1.2.3 Catalyst
                    6.1.1.3 Muffler
                    6.1.1.4 Tail-Pipe
           6.1.2 Advanced Catalytic Converter Types
                    6.1.2.1 Three-Way Catalytic Converter
                    6.1.2.2 Four-Way Catalytic Converter
                    6.1.2.3 Selective Catalytic Reduction
                    6.1.2.4 Diesel Oxidation Catalyst
                    6.1.2.5 Lean Nox Trap
                    6.1.2.6 Catalytic Converter Product Life Cycle
           6.1.3 Automotive Catalyst Materials
                    6.1.3.1 Platinum
                    6.1.3.2 Palladium
                    6.1.3.3 Rhodium
    6.2 Emission and Fuel Economy Norms
           6.2.1 Emission Regulations
           6.2.2 Co2 and Fuel Economy Regulations
           6.2.3 Fuel Sulphur Regulations
    6.3 Revenue Impact Analysis

7 Market, By Type (Page No. - 73)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America and RoW
    7.1 Introduction
           7.1.1 Research Methodology
           7.1.2 Assumptions and Definitions
           7.1.3 Industry Insights
    7.2 Three Way Catalytic Converter (TWCC)
           7.2.1 TWCC Leads the Market Owing to Dominant Presence of Gasoline Vehicles
    7.3 Four-Way Catalytic Converter (FWCC)
           7.3.1 FWCC to Show Fastest Growth for Gasoline Vehicles Catalytic Converter
    7.4 Diesel Oxidation Catalyst (DOC)
           7.4.1 DOC is Estimated to Have the Largest Market for Diesel Vehicles Owing to Its Stringent Usage in Europe and North America
    7.5 Selective Catalytic Reduction (SCR)
           7.5.1 SCR is Estimated to Have Fastest Growth Owing to the Ongoing and Upcoming Stringent Emission Norms in Developing Countries
    7.6 Lean Nox Trap (LNT)
           7.6.1 LNT is Estimated to Show Stagnant Growth Owing to Decreasing Demand for Diesel Vehicles in Europe and North America

8 Market, By Vehicle Type (Page No. - 84)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America and Row
    8.1 Introduction
           8.1.1 Research Methodology
           8.1.2 Assumptions and Definitions
           8.1.3 Industry Insights
    8.2 Passenger Car
           8.2.1 Passenger Car Leads the Market Owing to Its Large Usage Compared to Other Vehicles
    8.3 Light Commercial Vehicle (LCV)
           8.3.1 LCV has the Prominent Market Share as It has Found Increasing Usage in Us, China, and India
    8.4 Truck
           8.4.1 Truck is the Fastest Growing Segment for Catalytic Converters as It is Witnessing Increasing Usage of SCR Technology
    8.5 BUS
           8.5.1 BUS has the Lowest Market for Catalytic Converters as It has Lowest Vehicle Production Share Among Other Vehicles

9 Market, By Material (Page No. - 94)
Note - The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America and Row) and Vehicle Type (Passenger Car, LCV, Truck, BUS)
    9.1 Introduction
           9.1.1 Research Methodology
           9.1.2 Assumptions and Definitions
           9.1.3 Industry Insights
    9.2 Palladium
           9.2.1 Palladium Leads the Market Owing to Its Growing Usage in Gasoline Vehicles
    9.3 Platinum
           9.3.1 Platinum has the Second Largest Market as It has the Capability of Both Oxidation and Reduction
    9.4 Rhodium
           9.4.1 Rhodium is Seeing Increasing Usage Owing to Its Capability of Removing Nox Emissions
    9.5 Others
           9.5.1 Other Materials Market is Estimated to Show Fastest Growth Owing to Investments in Less Costly Precious Materials

10 Market, By Off-Highway Vehicle (Page No. - 106)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America and Row
     10.1 Introduction
             10.1.1 Research Methodology
             10.1.2 Assumptions and Definitions
             10.1.3 Industry Insights
     10.2 Agriculture Tractors
             10.2.1 Agriculture Tractors Lead the Market for Off-Highway Vehicles
     10.3 Construction Equipment
             10.3.1 Construction Equipment has the Second Largest Share in the Market Owing to Increasing Industrialization
     10.4 Mining Equipment
             10.4.1 Mining Equipment Also has Prominent Market Share

11 Catalytic Converter Aftermarket, By Vehicle Type (Page No. - 114)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America and Row
     11.1 Introduction
             11.1.1 Research Methodology
             11.1.2 Assumptions and Definitions
             11.1.3 Industry Insights
     11.2 Passenger Car
             11.2.1 Passenger Car Leads the Catalytic Converter Aftermarket Owing to High Vehicle Parc
     11.3 Light Commercial Vehicle (LCV)
             11.3.1 Light Commercial Vehicles are Have A Prominet Share in the Catalytic Converter Aftermarket
     11.4 Heavy Commercial Vehicle (Hcv)
             11.4.1 Heavy Commercial Vehicle has the Second Largest Aftermarket as these Vehicles Run for Longer Trips

12 Market, By Region (Page No. - 121)
Note - The Chapter is Further Segmented at Regional and Country Level By Catalytic Converter Type and Considered Catalytic Converter Type are  Diesel Oxidation Catalyst, Four-Way Catalytic Converter, Three-Way Catalytic Converter, Selective Catalytic Reduction, and Lean Nox Trap
     12.1 Introduction
             12.1.1 Research Methodology
             12.1.2 Assumptions
             12.1.3 Industry Insights
     12.2 Asia Oceania
             12.2.1 China
                        12.2.1.1 TWCC is the Prominent Market in China
             12.2.2 India
                        12.2.2.1 India is Estimated to Be the Fastest Market in Asia Oceania
             12.2.3 Japan
                        12.2.3.1 Japan is the Second Largest Market for Catalytic Converters in Asia Oceania
             12.2.4 South Korea
                        12.2.4.1 SCR is Estimated to Be the Largest Market in South Korea as of 2018
             12.2.5 Thailand
                        12.2.5.1 DOC is Estimated to Be the Largest Market During the Forecast Period
             12.2.6 Rest of Asia Oceania
                        12.2.6.1 SCR is Estimated to Be the Largest Market By 2025
     12.3 Europe
             12.3.1 Germany
                        12.3.1.1 Germany is Estimated to Be the Largest Market for Catalytic Converters in the Region
             12.3.2 France
                        12.3.2.1 SCR is Estimated to Be the Largest Market By 2025
             12.3.3 Russia
                        12.3.3.1 TWCC is Estimated to Be the Largest Market By Volume in 2018
             12.3.4 Spain
                        12.3.4.1 DOC is Estimated to Be the Largest Market By Volume
             12.3.5 UK
                        12.3.5.1 SCR is Estimated to Be the Largest Market in the UK as of 2018
             12.3.6 Turkey
                        12.3.6.1 SCR is Estimated to Be the Largest Market During the Forecast Period
             12.3.7 Rest of Europe
                        12.3.7.1 SCR is Projected to Be the Fastest Market
     12.4 North America
             12.4.1 Canada
                        12.4.1.1 SCR is Estimated to Be the Largest Market By 2025
             12.4.2 Mexico
                        12.4.2.1 Mexico is Estimated to Be the Fastest Growing Market in North America
             12.4.3 Us
                        12.4.3.1 Catalytic Converters Such as DOC Have Almost 100% Adoption Rate for Diesel Vehicles in the Us
     12.5 Rest of the World (RoW)
             12.5.1 Brazil
                        12.5.1.1 TWCC is Estimated to Be the Largest Market By Volume as of 2018
             12.5.2 Iran
                        12.5.2.1 Iran is the Fastest Growing Market in RoW
             12.5.3 Rest of RoW
                        12.5.3.1 SCR is Estimated to Be the Largest Market By 2025

13 Competitive Landscape (Page No. - 156)
     13.1 Overview
     13.2 Competitive Leadership Mapping
             13.2.1 Visionary Leaders
             13.2.2 Innovators
             13.2.3 Dynamic Differentiators
             13.2.4 Emerging Companies
     13.3 Competitive Leadership Mapping: Catalytic Converter Manufacturers
             13.3.1 Competitive Benchmarking
                        13.3.1.1 Company-Wise BUSiness Strategy Analysis
                        13.3.1.2 Company-Wise Product Offering Analysis
             13.3.2 Catalytic Converter Material Manufacturers
             13.3.3 Competitive Benchmarking
                        13.3.3.1 Company-Wise BUSiness Strategy Analysis
                        13.3.3.2 Company-Wise Product Offering Analysis
     13.4 Market: Market Share Analysis
     13.5 Competitive Scenario
             13.5.1 Expansions
             13.5.2 New Product Launches/New Product Developments
             13.5.3 Supply Contracts
             13.5.4 Mergers & Acquisitions
             13.5.5 Partnerships/Joint Ventures

14 Company Profiles (Page No. - 171)
(BUSiness Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)* 
     14.1 Faurecia
     14.2 Tenneco
     14.3 Johnson Matthey
     14.4 Eberspδcher
     14.5 Umicore
     14.6 Benteler
     14.7 Futaba
     14.8 BASF
     14.9 Continental
     14.1 CDTI Materials
     14.11 Additional Cps
             14.11.1 North America
                        14.11.1.1 Nett Technologies
                        14.11.1.2 Katcon
                        14.11.1.3 Cummins
                        14.11.1.4 Cri Catalyst
             14.11.2 Europe
                        14.11.2.1 Bosal
                        14.11.2.2 Boysen
                        14.11.2.3 Magneti Marelli
                        14.11.2.4 Heraeus
             14.11.3 Asia Oceania
                        14.11.3.1 Sango
                        14.11.3.2 Calsonic Kansei
                        14.11.3.3 Ibiden
                        14.11.3.4 Yutaka Giken
*Details on BUSiness Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies 

15 Appendix (Page No. - 200)
     15.1 Insights of Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ SubSCRiption Portal
     15.4 Available Customization
             15.4.1 Market, By Vehicle Type, By Country
                        15.4.1.1 Passenger Cars
                        15.4.1.2 LCV
                        15.4.1.3 Trucks
                        15.4.1.4 BUSes
             15.4.2 Market, By Fuel Type, By Country
                        15.4.2.1 Gasoline
                        15.4.2.2 Diesel
             15.4.3 Market, By Fuel Type, By Technology
                        15.4.3.1 Gasoline
                        15.4.3.2 Diesel
     15.5 Related Reports
     15.6 Author Details


List of Tables (123 Tables)

Table 1 Market Definitions
Table 2 Currency Exchange Rates (W.R.T. USD)
Table 3 Overview of Emission Regulation Specifications for Passenger Cars
Table 4 Emission Norms Specifications in Key Countries for Passenger Cars
Table 5 The US Tier 4 Off-Highway Final Regulations
Table 6 EU Stage 4 Off-Highway Regulations
Table 7 Catalytic Converter Average Life, By Type
Table 8 Catalytic Converter Average Life, By Vehicle Type
Table 9 Government Incentives for Electric Vehicles, By Country
Table 10 Urea Specification for Automotive Def
Table 11 De-Ionized Water Specification for Automotive Def
Table 12 Market, By Type, 2018 vs. 2025 (Million Units)
Table 13 Market, By Type, 2018 vs. 2025 (USD Billion)
Table 14 TWCC: Market, By Region, 2016–2025 (Million Units)
Table 15 TWCC: Market, By Region, 2016–2025 (USD Billion)
Table 16 FWCC: Market, By Region, 2016–2025 (Million Units)
Table 17 FWCC: Market, By Region, 2016–2025 (USD Billion)
Table 18 DOC: Market, By Region, 2016–2025 (Million Units)
Table 19 DOC: Market, By Region, 2016–2025 (USD Billion)
Table 20 SCR: Market, By Region, 2016–2025 (Million Units)
Table 21 SCR: Market, By Region, 2016–2025 (USD Billion)
Table 22 LNT: Market, By Region, 2016–2025 (Million Units)
Table 23 LNT: Market, By Region, 2016–2025 (USD Billion)
Table 24 Estimated Pgm Usage for Catalytic Converter Type in Us
Table 25 Market, By Vehicle Type, 2018 vs. 2025 (‘000 Units)
Table 26 Market, By Vehicle Type, 2018 vs. 2025 (USD Million)
Table 27 Passenger Car: Market, By Region, 2016–2025 (‘000 Units)
Table 28 Passenger Car: Market, By Region, 2016–2025 (USD Million)
Table 29 LCV: Market, By Region, 2016–2025 (‘000 Units)
Table 30 LCV: Market, By Region, 2016–2025 (USD Million)
Table 31 Truck: Market, By Region, 2016–2025 (‘000 Units)
Table 32 Truck: Market, By Region, 2016–2025 (USD Million)
Table 33 BUS:Market, By Region, 2016–2025 (‘000 Units)
Table 34 BUS: Market, By Region, 2016–2025 (USD Million)
Table 35 Gasoline Light Duty Vehicles Pgm Usage in Us
Table 36 Gasoline Light Duty Vehicles Pgm Usage in Us
Table 37 Market, By Material, 2018 vs. 2025 (Tons)
Table 38 Market, By Material, 2018 vs. 2025 (USD Million)
Table 39 Palladium: Market, By Region, 2016–2025 (Tons)
Table 40 Palladium: Market, By Region, 2016–2025 (USD Million)
Table 41 Palladium: Market, By Vehicle Type, 2016–2025 (Tons)
Table 42 Palladium: Market, By Region, 2016–2025 (Tons)
Table 44 Platinum: Market, By Region, 2016–2025 (USD Million)
Table 45 Platinum: Market, By Vehicle Type, 2016–2025 (Tons)
Table 46 Platinum: Market, By Vehicle Type, 2016–2025 (USD Million)
Table 47 Rhodium: Market, By Region, 2016–2025 (Tons)
Table 48 Rhodium: Market, By Region, 2016–2025 (USD Million)
Table 49 Rhodium: Market, By Vehicle Type, 2016–2025 (Tons)
Table 50 Rhodium: verter Market, By Vehicle Type, 2016–2025 (USD Million)
Table 51 Others: Market, By Region, 2016–2025 (Tons)
Table 52 Others: Market, By Region, 2016–2025 (USD Million)
Table 53 Others: Market, By Vehicle Type, 2016–2025 (Tons)
Table 54 Others: Market, By Vehicle Type, 2016–2025 (USD Million)
Table 55 Market, By Off-Highway Vehicle, 2018 vs. 2025 (‘000 Units)
Table 56 Market, By Off-Highway Vehicle, 2018 vs. 2025 (USD Million)
Table 57 Agriculture Tractors: Market, By Region, 2016–2025 (‘000 Units)
Table 58 Agriculture Tractors: Market, By Region, 2016–2025 (USD Million)
Table 59 Construction Equipment: Market, By Region, 2016–2025 (‘000 Units)
Table 60 Construction Equipment: Market, By Region, 2016–2025 (USD Million)
Table 61 Mining Equipment: Market, By Region, 2016–2025 (‘000 Units)
Table 62 Mining Equipment: Market, By Region, 2016–2025 (USD Million)
Table 63 Catalytic Converter Aftermarket, By Vehicle Type, 2018 vs. 2025 (Million Units)
Table 64 Catalytic Converter Aftermarket, By Vehicle Type, 2018 vs. 2025 (USD Million)
Table 65 Passenger Car: Catalytic Converter Aftermarket, By Region, 2016–2025 (Million Units)
Table 66 Passenger Car: Catalytic Converter Aftermarket, By Region, 2016–2025 (USD Million)
Table 67 LCV: Catalytic Converter Aftermarket, By Region, 2016–2025 (Million Units)
Table 68 LCV: Catalytic Converter Aftermarket, By Region, 2016–2025 (USD Million)
Table 69 Hcv: Catalytic Converter Aftermarket, By Region, 2016–2025 (Million Units)
Table 70 Hcv: Catalytic Converter Aftermarket, By Region, 2016–2025 (USD Million)
Table 71 Market, By Region, 2016–2025 (‘000 Units)
Table 72 Market, By Region, 2016–2025 (USD Million)
Table 73 Asia Oceania: Market, By Country, 2016–2025 (‘000 Units)
Table 74 Asia Oceania: Market, By Country, 2016–2025 (USD Million)
Table 75 China: Market, By Type, 2016–2025 (‘000 Units)
Table 76 China: Market, By Type, 2016–2025 (USD Million)
Table 77 India: Market, By Type, 2016–2025 (‘000 Units)
Table 78 India: Market, By Type, 2016–2025 (USD Million)
Table 79 Japan: Market, By Type, 2016–2025 (‘000 Units)
Table 80 Japan: Market, By Type, 2016–2025 (USD Million)
Table 81 South Korea: Market, By Type, 2016–2025 (‘000 Units)
Table 82 South Korea: Market, By Type, 2016–2025 (USD Million)
Table 83 Thailand: Market, By Type, 2016–2025 (‘000 Units)
Table 84 Thailand: Market, By Type, 2016–2025 (USD Million)
Table 85 Rest of Asia Oceania: Market, By Type, 2016–2025 (‘000 Units)
Table 86 Rest of Asia Oceania: Market, By Type, 2016–2025 (USD Million)
Table 87 Europe: Market, By Country, 2016–2025 (‘000 Units)
Table 88 Europe: Market, By Country, 2016–2025 (USD Million)
Table 89 Germany: Market, By Type, 2016–2025 (‘000 Units)
Table 90 Germany: Market, By Type, 2016–2025 (USD Million)
Table 91 France: Market, By Type, 2016–2025 (‘000 Units)
Table 92 France: Market, By Type, 2016–2025 (USD Million)
Table 93 Russia: Market, By Type, 2016–2025 (‘000 Units)
Table 94 Russia: Market, By Type, 2016–2025 (USD Million)
Table 95 Spain: Market, By Type, 2016–2025 (‘000 Units)
Table 96 Spain: Market, By Type, 2016–2025 (USD Million)
Table 97 UK: Market, By Type, 2016–2025 (‘000 Units)
Table 98 UK: Market, By Type, 2016–2025 (USD Million)
Table 99 Turkey: Market, By Type, 2016–2025 (‘000 Units)
Table 100 Turkey: Market, By Type, 2016–2025 (USD Million)
Table 101 Rest of Europe: Market, By Type, 2016–2025 (‘000 Units)
Table 102 Rest of Europe: Market, By Type, 2016–2025 (USD Million)
Table 103 North America: Market, By Country, 2016–2025 (‘000 Units)
Table 104 North America: Market, By Country, 2016–2025 (USD Million)
Table 105 Canada: Market, By Type, 2016–2025 (‘000 Units)
Table 106 Canada: Market, By Type, 2016–2025 (USD Million)
Table 107 Mexico: Market, By Type, 2016–2025 (‘000 Units)
Table 108 Mexico: Market, By Type, 2016–2025 (USD Million)
Table 109 US: Market, By Type, 2016–2025 (‘000 Units)
Table 110 US: Market, By Type, 2016–2025 (USD Million)
Table 111 RoW: Market, By Country, 2016–2025 (‘000 Units)
Table 112 RoW: Market, By Country, 2016–2025 (USD Million)
Table 113 Brazil: Market, By Type, 2016–2025 (‘000 Units)
Table 114 Brazil: Market, By Type, 2016–2025 (USD Million)
Table 115 Iran: Market, By Type, 2016–2025 (‘000 Units)
Table 116 Iran: Market, By Type, 2016–2025 (USD Million)
Table 117 Rest of RoW: Market, By Type, 2016–2025 (‘000 Units)
Table 118 Rest of RoW: Market, By Type, 2016–2025 (USD Million)
Table 119 Expansions
Table 120 New Product Launches/New Product Developments, 2014–2018
Table 121 Supply Contracts
Table 122 Mergers & Acquisitions
Table 123 Partnerships/Joint Ventures


List of Figures (64 Figures)

Figure 1 Market Segmentation
Figure 2 Market: Research Design
Figure 3 Research Design Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Data Triangulation
Figure 6 Market: Market Outlook
Figure 7 Market, By Region, 2018 vs. 2022 vs. 2025 (USD Million)
Figure 8 Attractive Market Opportunities in Market
Figure 9 Selective Catalytic Reduction and Three-Way Catalytic Converter Accounted for the Largest Share in the Asia Oceania Market, 2018, Billion)37
Figure 10 India, Mexico, and Brazil are Expected to Grow at the Fastest Rate During the Forecast Period
Figure 11 Selective Catalytic Reduction is Expected to Lead the Market, By Type, 2018 Vs.2025 (USD Billion)
Figure 12 Passenger Car is Expected to Lead the Market, By Vehicle Type, 2018 Vs.2025 (USD Billion)
Figure 13 Agricultual Tractors Expected to Lead the Market, By Off-Highway Vehicle, 2018 Vs.2025 (USD Billion)
Figure 14 North America is Expected to Hold the Largest Market for Catalytic Converters Over the Forecast Period
Figure 15 Palladium is Expected to Have Largest Market, By Material Type, 2018 Vs.2025 (USD Billion)
Figure 16 Market: Market Dynamics
Figure 17 On-Road Light and Heavy-Duty Vehicle Emission Regulation Outlook, 2014–2025
Figure 18 Non-Road Vehicle Emission Regulation Outlook, 2014–2025
Figure 19 Bev Sales, 2016–2025 (‘000 Units)
Figure 20 Platinum & Palladium Price, 2005–2018 (USD)
Figure 21 Working of an Automotive Exhaust System
Figure 22 Vehicle Exhaust Manifold
Figure 23 Catalytic Converter Working Model
Figure 24 Working of A Three-Way Catalytic Converter
Figure 25 Working of A Four-Way Catalytic Converter
Figure 26 Working of an Automotive SCR System
Figure 27 Working of A Diesel Oxidation Catalyst
Figure 28 Working of A Lean Nox Trap
Figure 29 Overview of Emission Regulation for Passenger Cars
Figure 30 Overview of Emission Regulation for Light Commercial Vehicles
Figure 31 Overview of Emission Regulation for Heavy Commercial Vehicles
Figure 32 Us: Near Future & Upcoming Co2 Regulations for Light Duty Vehicles
Figure 33 Average New Car Co2 Emission Level
Figure 34 Overview of Diesel Fuel Sulphur Limits
Figure 35 Overview of Gasoline Fuel Sulphur Limits
Figure 36 Market, By Type, 2018 vs. 2025 (USD Billion)
Figure 37 Market, By Vehicle Type, 2018 vs. 2025 (USD Million)
Figure 38 Market, By Material, 2018 vs. 2025 (USD Billion)
Figure 39 Market, By Off-Highway Vehicle, 2018 vs. 2025 (USD Million)
Figure 40 Catalytic Converter Aftermarket, By Vehicle Type, 2018 vs. 2025 (USD Million)
Figure 41 Market, By Country, 2018 (USD Billion)
Figure 42 Market, By Region, 2018 vs. 2025 (USD Billion)
Figure 43 Market: Regional Market Share & Growth Rate, 2018 (Value)
Figure 44 Asia Oceania: Market Snapshot
Figure 45 Europe: Market Snapshot
Figure 46 North America: Market, By Country, 2018 vs. 2025 (USD Million)
Figure 47 RoW: Market Size, By Country, 2018 vs. 2025 (USD Million)
Figure 48 Companies Adopted Expansion & New Product Development as the Key Growth Strategy From 2014 to 2018
Figure 49 Catalytic Converter Material Suppliers Market Share Analysis in 2017
Figure 50 Faurecia: Company Snapshot
Figure 51 SWOT Analysis: Faurecia
Figure 52 Tenneco: Company Snapshot
Figure 53 SWOT Analysis: Tenneco
Figure 54 Johnson Matthey: Company Snapshot
Figure 55 SWOT Analysis: Johnson Matthey
Figure 56 Eberspδcher: Company Snapshot
Figure 57 SWOT Analysis: Eberspδcher
Figure 58 Umicore: Company Snapshot
Figure 59 SWOT Analysis: Umicore
Figure 60 Benteler: Company Snapshot
Figure 61 Futaba: Company Snapshot
Figure 62 BASF: Company Snapshot
Figure 63 Continental: Company Snapshot
Figure 64 CDTI Materials: Company Snapshot

The study involves 4 main activities to estimate the current size of the catalytic converter market. Exhaustive secondary research was done to collect information on the market, such as catalytic converter type and usage of different materials in catalytic converters. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. Bottom-up approaches were employed to estimate the complete market size for different segments considered under this study.

Secondary Research

The secondary sources referred for this research study include automotive industry organizations such as the Organisation Internationale des Constructeurs d'Automobiles (OICA); corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and automotive associations. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by multiple industry experts.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (OEMs) and supply-side (exhaust system and catalytic converter manufacturers) across major regions, namely, North America, Europe, Asia Oceania, and Rest of the World. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.

After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

Catalytic Converter Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up approach has been used to estimate and validate the size of the market. The market size, by type, in terms of volume, is derived by multiplying the country-level fuel breakup of each vehicle type with country-level production of each vehicle type (passenger car, LCV, truck, and bus) and country-level catalytic converter type penetration rate (which is estimated using secondary research and then validated by primary interviews) for each vehicle type. The country-level market size, by volume, is multiplied with country-level average OE price (AOP) of each type of catalytic converter for each vehicle type to get the country-level market, by value. The summation of the country-level market would give the regional level, and then further addition provides the global market, by type [three-way catalytic converter (TWCC), four-way catalytic converter (FWCC), selective catalytic reduction (SCR), diesel oxidation catalyst (DOC), and lean NOx trap (LNT)].

The total value of each country is then summed up to derive the total value of the market, by type. Similar methodology has been followed for market of off-highway vehicle (construction equipment, mining equipment, and agriculture tractors) based on type. For deriving the market for catalytic converters, by material, the total volume of the market is multiplied with the average weight of each type of catalytic converter. This will give the market, in terms of weight, for each type which is further multiplied with the percentage usage of each material (platinum, palladium, rhodium, and others) used to make catalytic converters. This will give the total market for each material, in terms of weight. The market size, by weight, is multiplied with the average selling price of each type of material to get the regional-level market, by value. The summation of the regional-level market would give the global market, by material.

The catalytic converter aftermarket, by vehicle type-passenger car, LCV, and HCV, in terms of volume- has been derived by multiplying the regional-level parc of each vehicle type with regional-level average miles driven for each vehicle type. The total derived miles driven at the regional level of each vehicle type is then divided by regional-level average life of each catalytic converter for each vehicle type to analyze the catalytic converter aftermarket, by vehicle type, in terms of volume. The regional aftermarket size, by volume, is multiplied with a regional-level average selling price of each catalytic converter for each vehicle type, which gives the global catalytic converter aftermarket, by vehicle type, in terms of value.

Data Triangulation

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified by primary sources. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in the report. The data was triangulated by studying various factors and trends from both, the demand and supply sides, in the market.

Report Objectives

  • To define, describe, and forecast the global market based on type, material, aftermarket, off-highway vehicle, vehicle type, and region
  • To forecast the market, by volume and value, on the basis of type [three-way catalytic converter (TWCC), four-way catalytic converter (FWCC), diesel oxidation catalyst (DOC), selective catalytic reduction (SCR), and lean NOx trap (LNT)]
  • To forecast the market, by volume and value, on the basis material (platinum, palladium, rhodium, and others)
  • To forecast the market, in terms of volume and value, based on vehicle type (passenger car, LCV, bus, and truck)
  • To forecast the market, in terms of volume and value, based on aftermarket (passenger car, LCV, and HCV)
  • To forecast the market, in terms of volume and value, based on off-highway vehicle (construction equipment, mining equipment, and agriculture tractors)
  • To forecast the market, in terms of volume and value, based on 4 key regions—Asia Oceania (China, India, Japan, South Korea, Thailand, and Rest of Oceania), Europe (France, Germany, Italy, Russia, Spain, Turkey, the UK, and Rest of Europe), North America (Canada, Mexico, and the US), and RoW (Iran, Brazil, and Rest of RoW)
  • To provide detailed information about major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To provide detailed information about industry trends in the market, which would include emission regulations, technology overview, and revenue impact
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive leadership mapping for market players
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and R&D in the market

Scope of the Report

Report Metric

Details

 

Market Size Available for Years

 

2016–2025

Base Year Considered

2017

Forecast Period

2018–2025

Forecast Units

Value (USD million/billion) and Volume (‘000/million units)

Segments Covered

Catalytic Converter Type, Vehicle Type, Off-Highway Vehicle Type, Material, Aftermarket, and Region

Geographies Covered

Asia Oceania, Europe, North America, and RoW

Companies Covered

Faurecia (France), Tenneco (US), Johnson Matthey (UK) (Germany), Eberspδcher (Germany), and Umicore (Belgium)
Total 10 major players covered

This research report categorizes the market based on catalytic converter type, vehicle type, off-highway vehicle type, material, aftermarket, and region.

Market, By Type

  • Three-way catalytic converter (TWCC)
  • Four-way catalytic converter (FWCC)
  • Diesel oxidation catalyst (DOC)
  • Selective catalytic reduction (SCR)
  • Lean NOx trap (LNT)

Market, By Material

  • Palladium
  • Platinum
  • Rhodium
  • Others (Ruthenium, Iridium, Zeolites, and Vanadium)

Market, By Vehicle Type

  • Passenger car
  • Light commercial vehicle
  • Truck
  • Bus

Catalytic Converter Aftermarket, By Vehicle Type

  • Passenger car
  • Light commercial vehicle
  • Heavy commercial vehicle

Market, By Off-highway Vehicle Type

  • Agricultural Tractors
  • Construction Equipment
  • Mining Equipment

Market, By Region

  • North America
  • Europe
  • Asia Oceania
  • RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

market, by vehicle type, by country

  • Passenger car
  • LCV
  • Truck
  • Bus

market, by fuel type, by country

  • Gasoline
  • Diesel

market, by fuel type, by technology

  • Gasoline
  • Diesel
Report Code
AT 3133
Published ON
Mar, 2019
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