Global Industrial Catalytic Converter Market by Types (FWCC, TWCC, SCR, DOC, and LNT), Materials (Platinum, Palladium, and Rhodium), Vehicle Types (In-market [Passenger Cars, Light Commercial Vehicles, Trucks, and Busses], Aftermarket [Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles], and Off Highway [Agricultural Tractors, Construction Equipment, and Mining Equipment]), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global industrial catalytic converter market is estimated to expand at a robust CAGR during the forecast period. The growth of the market due to the expansion of the automotive industry, increasing adoption of gas and pollutants filters, and rising implementation of strict regulations on vehicle emission control norms. Focus of automotive OEMs on the production of low-cost and low-emission catalytic converters for exhaust systems and high investments in R&D are expected to boost the market. Rise in emissions of polluting or greenhouse gases substances such as CO2 and NOx particles from vehicles into the environment is serious environment concern that propel the demand for industrial catalytic converters. These converters are exhaust ejection controllers that eliminate poisonous pollutants from an enclosed oxidization turbine and use precious metals as catalysts to reduce the emission of harmful gases from the engine.
Market Trends, Drivers, Restraints and Opportunities:
- Implementation of strict emission and fuel efficiency regulations around the globe to fuel the demand for catalytic converters. This is expected to boost the market during the forecast period.
- Rising demand for catalytic converters in the aftermarket is attributed to increasing average age of vehicles, average miles driven, and replacement cycle of catalytic converter. This is anticipated to spur the market growth in the coming years.
- Growing concern about vehicle maintenance and rising demand of population for performance aftermarket automotive parts, particularly in the core combustion engine are projected to fuel the market.
- High cost of catalytic converters owing to the rising prices and high consumption of precious metals are major challenging factors expected to hamper the market growth.
- Ongoing R&D activities and technological advancement are key factors offering several growth opportunities of the market.
Scope of the report:
The report on the global industrial catalytic converter market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
| Attributes | Details |
| Report Title | Global Industrial Catalytic Converter Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018 & 2019 |
| Forecast Period | 2021–2026 |
| Segmentation | Types (FWCC, TWCC, SCR, DOC, and LNT), Materials (Platinum, Palladium, and Rhodium), Vehicle Types (In-market [Passenger Cars, Light Commercial Vehicles, Trucks, and Busses], Aftermarket [Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles], and Off Highway [Agricultural Tractors, Construction Equipment, and Mining Equipment]) |
| Regional Scope | Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
| Report Coverage | Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
| Key Players Covered in the Report | Faurecia, Tenneco, Continental, Eberspächer, Johnson Matthey, Umicore, Futaba, BAEF, CDTI Materials, and Benteler International |
Industrial Catalytic Converter Market Segment Insights:
SRC segment to account for large market share
In terms of types, the global industrial catalytic converter market is segmented into FWCC, TWCC, SCR, DOC, and LNT. The SRC segment is expected to account for large market share during the forecasted period, as the technology provides benefits including greater NOx reduction than LNT, which is around 88%, and thus is mostly favored in diesel vehicles across the world. SCR has a maximum installation rate in Europe and North America owing to the ongoing emission norms such as Euro 6 and Tier 3 individually.
Platinum to grow at a rapid pace
On the basis of materials, the market is fragmented into platinum, palladium, and rhodium. The platinum segment is anticipated to grow at a rapid pace during the projected period as the material is extensively used to eliminate nitrogen oxide and carbon monoxide from the exhausts of the cars. The use of the material for various applications in the automotive industry is a key aspect for the segment growth.
In-market segment to dominate the market
On the basis of vehicle types, the global industrial catalytic converter market is segregated into in-market, aftermarket, and off highway. The in-market segment is further categorized into passenger cars, light commercial vehicles, trucks, and busses. The aftermarket segment is classified into passenger cars, light commercial vehicles, and heavy commercial vehicles. The off-highway segment is split into agricultural tractors, construction equipment, and mining equipment. The in-market segment is expected to dominate the market during the forecasted period owing to wide use of passenger cars and rapid expansion of commercial vehicles globally.
Asia Pacific to hold significant share of the market
In terms of regions, the market is divided into Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe is projected to account for large share of the market due to the high acceptance of diesel passenger cars and LCVs in the region. However, the market of Asia Pacific is expected to hold significant share of the global market owing to wide adoption of the advanced technology by major vehicle producing centers from China, India, and Japan. The regional market growth is mostly influenced by growing urbanization, increasing GDP, and industrialization.
Segments
By Types
- BFWCC
- TWCC
- SCR
- DOC
- LNT
By Materials
- Platinum
- Palladium
- Rhodium
By Vehicle Types
- In-market
- Passenger Cars
- Light Commercial Vehicles
- Trucks
- Busses
- Aftermarket
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Off Highway
- Agricultural Tractors
- Construction Equipment
- Mining Equipment
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
By Key Players
- Faurecia
- Tenneco
- Continental
- Eberspächer
- Johnson Matthey
- Umicore
- Futaba
- BAEF
- CDTI Materials
- Benteler International
Competitive Landscape
Key market players in the global industrial catalytic converter market are Faurecia, Tenneco, Continental, Eberspächer, Johnson Matthey, Umicore, Futaba, BAEF, CDTI Materials, and Benteler International. These key players are actively engaged in various market expansion activities such as partnerships, acquisitions, and product launches to increase their market share.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Catalytic Converter Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Catalytic Converter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Catalytic Converter Market - Supply Chain
4.5. Global Industrial Catalytic Converter Market Forecast
4.5.1. Industrial Catalytic Converter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Catalytic Converter Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Industrial Catalytic Converter Market Absolute $ Opportunity
5. Global Industrial Catalytic Converter Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Industrial Catalytic Converter Market Size and Volume Forecast by Types
5.3.1. BFWCC
5.3.2. TWCC
5.3.3. SCR
5.3.4. DOC
5.3.5. LNT
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Industrial Catalytic Converter Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Industrial Catalytic Converter Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Industrial Catalytic Converter Demand Share Forecast, 2019-2026
7. North America Industrial Catalytic Converter Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Industrial Catalytic Converter Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Industrial Catalytic Converter Market Size and Volume Forecast by Types
7.4.1. BFWCC
7.4.2. TWCC
7.4.3. SCR
7.4.4. DOC
7.4.5. LNT
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Industrial Catalytic Converter Demand Share Forecast, 2019-2026
8. Latin America Industrial Catalytic Converter Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Industrial Catalytic Converter Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Industrial Catalytic Converter Market Size and Volume Forecast by Types
8.4.1. BFWCC
8.4.2. TWCC
8.4.3. SCR
8.4.4. DOC
8.4.5. LNT
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Industrial Catalytic Converter Demand Share Forecast, 2019-2026
9. Europe Industrial Catalytic Converter Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Industrial Catalytic Converter Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Industrial Catalytic Converter Market Size and Volume Forecast by Types
9.4.1. BFWCC
9.4.2. TWCC
9.4.3. SCR
9.4.4. DOC
9.4.5. LNT
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Industrial Catalytic Converter Demand Share Forecast, 2019-2026
10. Asia Pacific Industrial Catalytic Converter Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Industrial Catalytic Converter Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Industrial Catalytic Converter Market Size and Volume Forecast by Types
10.4.1. BFWCC
10.4.2. TWCC
10.4.3. SCR
10.4.4. DOC
10.4.5. LNT
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Industrial Catalytic Converter Demand Share Forecast, 2019-2026
11. Middle East & Africa Industrial Catalytic Converter Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Industrial Catalytic Converter Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Industrial Catalytic Converter Market Size and Volume Forecast by Types
11.4.1. BFWCC
11.4.2. TWCC
11.4.3. SCR
11.4.4. DOC
11.4.5. LNT
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Industrial Catalytic Converter Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Industrial Catalytic Converter Market: Market Share Analysis
12.2. Industrial Catalytic Converter Distributors and Customers
12.3. Industrial Catalytic Converter Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Faurecia
12.4.2. Tenneco
12.4.3. Continental
12.4.4. Eberspächer
12.4.5. Johnson Matthey
12.4.6. Umicore
12.4.7. Futaba
12.4.8. BAEF
By Types
- BFWCC
- TWCC
- SCR
- DOC
- LNT
By Materials
- Platinum
- Palladium
- Rhodium
By Vehicle Types
- In-market
- Passenger Cars
- Light Commercial Vehicles
- Trucks
- Busses
- Aftermarket
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Off Highway
- Agricultural Tractors
- Construction Equipment
- Mining Equipment
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
By Key Players
- Faurecia
- Tenneco
- Continental
- Eberspächer
- Johnson Matthey
- Umicore
- Futaba
- BAEF
- CDTI Materials
- Benteler International
Key market players in the global industrial catalytic converter market are Faurecia, Tenneco, Continental, Eberspächer, Johnson Matthey, Umicore, Futaba, BAEF, CDTI Materials, and Benteler International. These key players are actively engaged in various market expansion activities such as partnerships, acquisitions, and product launches to increase their market share.
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