$73.1 Billion Catalytic Converter (FWCC, TWCC, SCR, DOC, and LNT) Market - Global Forecast to 2025

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Mar 22, 2019, 07:45 ET

DUBLIN, March 22, 2019 /PRNewswire/ -- 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 increasing vehicle production and stringency in emission norms will drive the catalytic converter market

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.

Agricultural tractor is estimated to be the largest and fastest growing market for the off-highway vehicle segment.

Agriculture tractors hold the maximum share in the overall off-highway vehicle segment. The demand for agricultural tractors is driven by increasing mechanization rate, rising global population, shortage of skilled farm labor, increasing labor cost, and the growing need for operational efficiency and profitability. With the rising demand for tractors, the demand for several after-treatment devices will also grow simultaneously. DOC and DPF devices are fitted in most of the agricultural tractors to comply with off-highway vehicle emission norms.

The deployment of these devices is more prominent in Europe and North America, and will eventually boost up in the Asian countries also. Alternatively, deployment of SCRs is dependent on the engine capacity. For instance, <_00 kw="kw" agricultural="agricultural" tractors="tractors" are="are" mostly="mostly" equipped="equipped" with="with" doc="doc" and="and" dpf_="dpf_"> 200 kW tractors are equipped with DOC, DPF, and SCR. Thus, the growing demand for agricultural tractors and the governments' push toward lower emissions would drive the catalytic converter market in the coming years.

Asia Oceania is estimated to be the largest catalytic converter market during the forecast period.

The catalytic converter market in Asia Oceania is expected to be the largest during the forecast period. The major driving factors are huge vehicle production and upcoming emission norms in developing countries such as China and India. China and India are currently following China IV and BS IV respectively, and are planning to launch China VI and BS VI directly which will fuel the growth of catalytic converter. However, the adoption rate of after-treatment devices is comparatively low against the European countries, the US, and Canada.

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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