Automotive Catalytic Converter Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Automotive Catalytic Converter Market is segmented By Type (Three-Way Oxidation-Reduction, Two-Way Oxidation, Diesel Oxidation Catalyst), By Applicati....
Automotive Catalytic Converter Market Size
Market Size in USD
CAGR8.6%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 8.6% |
| Market Concentration | Medium |
| Major Players | Marelli Holdings Co., Ltd., Deccats, Eberspächer GmbH & Co.KG, European Exhaust & Catalyst Ltd., FORVIA Faurecia |
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Automotive Catalytic Converter Market Analysis
The automotive catalytic converter market is estimated to be valued at USD 169.5 Bn in 2024 and is expected to reach USD 302.55 Bn by 2031. It is projected to grow at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031. Strict emission norms implemented by governments across the globe considering the rise in pollution levels are helping drive automotive catalytic converters market.