Learn about the global catalytic converter market through The Business Research Company, which provides information on catalytic converter market size, catalytic converter market drivers and restraints, catalytic converter market players, the COVID-19 impact on the catalytic converter market, and more.

The global catalytic converter market size is expected to grow from $49.21 billion in 2021 to $53.75 billion in 2022 at a compound annual growth rate (CAGR) of 9.21%. The global catalytic converters market size is expected to grow to $76.68 billion in 2026 at a CAGR of 9.29%.

Stringent emission and fuel efficiency regulations propel the growth of the catalytic converter market.

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The catalytic converter market consists of sales of catalytic converter products and related services by entities (organizations, partnerships, and sole proprietors) that are devices used to convert toxic gases into less toxic byproducts. It is helpful in lowering environmental pollution when a catalytic converter contains a chamber known as a catalyst to transform harmful compounds from an exhaust system into harmless gases such as water vapour and carbon dioxide. A catalytic converter is an important mechanical device attached to the exhaust system of all internal combustion engines to minimise the emissions of toxic gases such as carbon monoxide, nitrogen oxides, and hydrocarbons, which mainly use gasoline or diesel for internal combustion.

Global Catalytic Converter Market Segments Include:

By Type: Three-Way Catalytic Converter (TWCC), Four-Way Catalytic Converter (FWCC), Diesel Oxidation Catalyst (DOC), Selective Catalytic Reduction (SCR), Lean NOx Trap (LNT)

By Material: Palladium, Platinum, Rhodium

By Vehicle Type: Passenger Car, Light Commercial Vehicle, Truck, Bus

By Off-Highway Vehicle Type: Agricultural Tractors, Construction Equipment, Mining Equipment

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the catalytic converter market in 2021.

For the effective treatment of reducing harmful gas emissions and protecting the environment, modern catalytic converters are adopting nanoparticle-based catalytic converters, and this is a key trend gaining popularity in the catalytic converter market. Modern catalytic converters use nano-materials of platinum as nano-platinum, palladium as nano-palladium, rhodium as nano-rhodium, and other metals on their inner supports.

TBRC’s catalytic converter market report covers:

Major Market Players: Benteler International AG, Calsonic Kansei Corporation, CDTi Advanced Materials Inc., Continental, Eberspacher Group, Faurecia PVT. LTD., Futaba Industrial Co. Ltd., Johnson Matthey, Magneti Marelli S.P.A., Tenneco Inc., Umicore, BASF Catalysts LLC., BAEF (Germany), Bosal International NV, BSF, Sango Co. Ltd., and Yutaka Gi

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Catalytic Converter Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides catalytic converter market overviews, analyzes and forecasts market size, share, catalytic converter market players, catalytic converter market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s catalytic converter market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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