Rhodium Automotive Catalytic Converter Device Sales Are Expected To Increase At 7.8% CAGR By 2031

Automotive Catalytic Converter Devices Market research is essentially helpful for companies operating in the industry. This market is moderate to highly competitive owing to a large number of market players. This report provides strategic profiling of prominent market players and their market share. The different functional areas of marketing are covered here and include consumer behavior, product, sales, distribution channel, pricing, advertising, and physical distribution.

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Sales of automotive catalytic converter devices across the world are predicted to surge at a CAGR of 7.8% between 2022 and 2032. Currently, the global automotive catalytic converter devices market accounts for a valuation of US$ 53.26 billion and is expected to reach US$ 112.86 billion by the end of 2032.

Market Players :

  • Benteler International AG
  • Tenneco Inc.
  • Faurecia SA
  • BASF Catalysts
  • Clean Diesel Technologies
  • Katcon
  • Marelli Holdings Co., Ltd.
  • Jetex Exhausts Ltd
  • Sango Co., Ltd. 

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Key Segments Covered in Automotive Catalytic Converter Devices Industry Research

  • Automotive Catalytic Converter Devices Market by Material :
    • Platinum
    • Rhodium
    • Palladium
    • Others
  • Automotive Catalytic Converter Devices Market by Product :
    • Diesel Oxidation Catalytic Converters
    • Two-way Oxidation Catalytic Converters
    • Three-way Oxidation Reduction Catalytic Converters
  • Automotive Catalytic Converter Devices Market by Sales Channel :
    • OEMs
    • Aftermarket
  • Automotive Catalytic Converter Devices Market by Region :
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

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Why are Three-way Oxidation Reduction Catalytic Converters Highly Demanded?

Based on products, the global automotive catalytic converter devices market is classified into diesel oxidation catalytic converters, two-way oxidation catalytic converters, and three-way oxidation-reduction catalytic converters.

Three-way oxidation-reduction catalytic converters are gaining traction owing to their use of the reduction and oxidation catalysts to carry out three chemical transformations simultaneously.

Most places in the world utilize three-way oxidation-reduction catalytic converters as part of their automobile emission control systems. All automobile manufacturers are required by the strict emission regulations to incorporate three-way oxidation reduction catalytic converters in gasoline-powered vehicles.

While the oxidation of unburned hydrocarbons and carbon monoxide produces carbon dioxide and water, the reduction of nitrogen oxide by Three-way oxidation-reduction catalytic converters eliminates the nitrogen and yields oxygen.

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