Global Industrial Catalytic Converter Market

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

  • Report ID: AL-2798
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 198
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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.

Global Industrial Catalytic Converter Market summary

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.

Global Industrial Catalytic Converter Market types

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.

Global Industrial Catalytic Converter Market region

Segments

Segments Covered in the Report:
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 Regions

  • 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.

Global Industrial Catalytic Converter Market keyplayers

1. Executive Summary
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

Segments Covered in the Report:
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 Regions

  • 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.

Global Industrial Catalytic Converter Market keyplayers

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