Dublin, March 26, 2019 (GLOBE NEWSWIRE) -- The "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, Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The catalytic converter market is projected to grow from USD 42.4 billion in 2018 to USD 73.1 billion by 2025, at a CAGR of 8.10%
The major driving factors for the catalytic converter market are stringent emission norms, fuel efficiency regulations, and increasing adoption rate of SCRs in diesel engines around the globe. The demand for catalytic converters is driven by the increasing vehicle production, stringency in emission norms, and technological partnership between OEMs and Tier I players. However, increasing sales of BEVs and the high cost of precious materials are acting as restraints for the catalytic converter market.
The Asia Oceania region is projected to lead the catalytic converter 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.
For instance, Euro 6 and EPA Tier 3 norms executed for passenger cars demand a 100% DOC deployment. LNT has a limited installation in both these regions mostly in the Class-A, B, and C segment cars due to its mediocre performance against SCR for NO reduction. Alternatively, the demand for SCR is getting prominent in developed countries to comply with existing emission standards for NO gases. Also, the need for improved fuel efficiency such as the introduction of the CAFE standards in North America has fueled the need for efficient catalytic converters which can be achieved by deploying devices like SCR.
Additionally, countries in Asia Oceania such as Japan and South Korea have a significant share of these devices in passenger cars owing to the maximum share of D, E, and F-segment cars (~57-60% for both countries) usually offered with these technologies.
The catalytic converter market is dominated by a few global players and comprises several regional players. Some of the key players in the catalytic converter market are Faurecia (France), Tenneco (US), Continental (Germany), Eberspcher (Germany), Johnson Maththey (UK), and Benteler International (Austria).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Catalytic Converter 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
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
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 Catalytic Converter Market, By Type
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 Catalytic Converter 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 Catalytic Converter Market, By Vehicle Type
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 Catalytic Converter 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 Catalytic Converter Market, By Material
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 Catalytic Converter 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 Catalytic Converter Market, By Off-Highway Vehicle
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 Catalytic Converter 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
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 have A Prominent 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 Catalytic Converter Market, By Region
13 Competitive Landscape
13.1 Overview
13.2 Competitive Leadership Mapping
13.3 Competitive Leadership Mapping: Catalytic Converter Manufacturers
13.4 Catalytic Converter Market: Market Share Analysis
13.5 Competitive Scenario
14 Company Profiles
14.1 Faurecia
14.2 Tenneco
14.3 Johnson Matthey
14.4 Eberspcher
14.5 Umicore
14.6 Benteler
14.7 Futaba
14.8 BASF
14.9 Continental
14.10 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
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