Automotive Catalytic Converter Market Report 2026

The automotive catalytic converter market size has grown strongly in recent years. It will grow from $188.6 billion in 2025 to $205.96 billion in 2026 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to emission regulation enforcement, growth in vehicle parc, gasoline and diesel vehicle dominance, adoption of three-way converters, urban air pollution concerns.

The automotive catalytic converter market size is expected to see strong growth in the next few years. It will grow to $296.37 billion in 2030 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to tightening global emission norms, growth of hybrid vehicles, innovation in low-precious-metal catalysts, expansion of vehicle production, aftermarket demand growth. Major trends in the forecast period include stricter vehicle emission compliance, rising use of precious metal catalysts, growth of aftermarket replacement demand, optimization of catalyst loading, expansion in emerging automotive markets.

The rising demand for zero-emission vehicles is propelling growth in the automotive catalytic converter market. Zero-emission vehicles refer to transportation modes that operate without producing harmful emissions that negatively impact the environment or human health. The increase in global warming caused by harmful gases emitted from vehicles has heightened the demand for zero-emission options. To mitigate hazardous emissions, catalytic converters utilize reduction and oxidation (redox) reactions, employing a reduction catalyst made from platinum and rhodium to remove nitrogen atoms from nitrogen oxide molecules (NO and NO2). For example, in June 2024, the International Council on Clean Transportation, a US-based non-profit organization, reported that new electric light-duty vehicle sales in the United States rose to approximately 1.4 million in 2023, up from nearly 1 million in 2022, increasing their market share to around 9%. Thus, the demand for zero-emission vehicles will drive the expansion of the automotive catalytic converter market.

Prominent companies within the automotive catalytic converter market are strategically focusing on innovative solutions, such as anti-theft products for catalytic converters, to drive their market revenues. The alarming surge in catalytic converter theft from vehicles has transformed into a lucrative criminal activity, prompting the development of deterrent products specifically aimed at curbing this trend. Notably, in January 2023, Fortegra Group Inc., a US-based insurance services company, introduced a catalytic converter theft deterrent product. These anti-theft solutions offer various methods to address the escalating issue of catalytic converter theft, empowering car owners with options to safeguard their vehicles against this prevalent and costly crime. By diminishing the vulnerability of catalytic converters and providing robust security measures to discourage theft attempts, these products ultimately shield car owners from falling victim to this illicit activity.

In January 2024, Elemental Holding Group, a precious metals recycling and refining company based in Poland, established a strategic partnership with Mitsubishi Corporation, a metal company from Japan, focusing on automotive catalytic converters and platinum-group metals (PGM) recycling. This collaboration encompasses Elemental’s global operations, from collection to the refining of metals. As part of the agreement, Mitsubishi will provide a trade finance working capital facility to support Elemental in scaling up its PGM smelter and refinery to full production. This financial support is anticipated to enhance Elemental's operational capacity and improve production efficiency, aiding their long-term growth and resource optimization.

Major companies operating in the automotive catalytic converter market report include Tenneco Inc., Yutaka Giken Company Limited, Sango Co. Ltd., Faurecia SE, BASF SE, Johnson Matthey Group, Eberspächer Group, Bosal International, BENTELER International AG, Friedrich Boysen GmbH & Co. KG, Wuxi Weifu Lida Catalytic Converter Co. Ltd., Eberspaecher GmbH Holding & Co. KG, European Exhaust and Catalyst Ltd., Deccats, Magneti Marelli S.p.A., Calsonic Kansei Corporation, Katcon S.A. de C.V., Futaba Industrial Co. Ltd., Boysen Ltd., Sejong Industrial Co. Ltd., Hanwoo Industrial Co. Ltd., Umicore NV, Corning Incorporated, Clean Diesel Technologies Inc., DCL International Inc., Dinex A/S, HJS Emission Technology GmbH & Co. KG, Klarius Products Ltd., MagnaFlow.

Asia-Pacific was the largest region in the automotive catalytic converter market share in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive catalytic converter market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive catalytic converter market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The automotive catalytic converter market consists of sales of elective catalytic converters, diesel oxidation catalytic converters, and other automotive catalytic converters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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