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全球触媒转换器市场 2023-2030Global Catalytic Converter Market 2023-2030 |
催化转换器市场预计在预测期内(2023-2030 年)CAGR为 8.3%。预计该产业的成长将受到中国和印度等新兴经济体技术进步和汽车产量增加的推动。全球各国政府实施的严格排放相关法规以及汽车使用者意识的不断提高也对市场扩张产生了积极影响。
全球催化转换器市场按车辆类型和类型细分。依车型划分,市场分为乘用车和商用车。按类型划分,市场分为二元催化转换器、三元催化转换器以及氧化催化剂和双床催化剂等其他类型。在车辆类型中,商用车对触媒转换器的需求预计将成长。
由于严格的全球排放法规,商用车对触媒转换器的需求不断增长。世界各国政府正在执行更严格的标准,需要使用这些转换器来减少内燃机排放的有害污染物。随着人们对环境问题的认识不断增强以及商业领域对永续发展的日益重视,催化转换器的采用对于实现减排目标变得至关重要。随着监管框架的发展以解决商业运输业的环境问题,这一趋势预计将持续下去。除此之外,全球商用车产量的成长也促进了触媒转换器市场的成长。根据国际机动车辆製造商组织(OICA)的资料,全球商用车总产量已从2021年的2,170万辆增加到2022年的2,340万辆。
Global Catalytic Converter Market Size, Share & Trends Analysis Report by Vehicle Type (Passenger Vehicle and Commercial Vehicle), by Type (Two-way Catalytic Converter, Three-way Catalytic Converter, and Others), Forecast Period (2023-2030)
The catalytic converter market is anticipated to grow at a CAGR of 8.3% during the forecast period (2023-2030). The growth of the industry is anticipated to be driven by technological progress and the rising production of automobiles in emerging economies like China and India. Market expansion is also influenced positively by stringent emissions-related regulations imposed by governments globally and the increasing awareness among automobile users.
The global catalytic converter market is segmented by vehicle type and type. By vehicle type, the market is sub-segmented into passenger vehicles and commercial vehicles. By type, the market is sub-segmented into two-way catalytic converters, three-way catalytic converters, and other types such as oxidation catalysts, and dual-bed catalysts. Among vehicle types, the demand for catalytic converters is expected to grow in commercial vehicles.
The demand for catalytic converters in commercial vehicles is growing due to stringent global emissions regulations. Governments worldwide are enforcing stricter standards, necessitating the use of these converters to reduce harmful pollutants emitted by internal combustion engines. With increased awareness of environmental issues and a growing emphasis on sustainability in the commercial sector, the adoption of catalytic converters becomes crucial for achieving emissions reduction goals. This trend is expected to continue as regulatory frameworks evolve to address environmental concerns in the commercial transportation industry. Apart from this, growing production of commercial vehicles globally is also contributing to the growth of catalytic converter market. According to the data from the International Organization of Motor Vehicle Manufacturers (OICA), the total production of commercial vehicles globally has grown from 21.7 million units in 2021 to 23.4 million units in 2022.
Passenger Vehicles Contribute Highest in the Global Catalytic Converter Industry
The growth in demand for automotive catalytic converters within passenger vehicles can be attributed to the global enforcement of strict emission standards. Governments and environmental agencies worldwide are placing greater emphasis on reducing vehicle emissions to combat air pollution. As a result, automobile manufacturers are increasingly integrating catalytic converters into their vehicles to comply with these regulations. Furthermore, heightened environmental consciousness among consumers and the automotive sector's dedication to sustainable practices are driving the widespread adoption of catalytic converters, marking a pivotal shift towards cleaner and eco-friendly transportation. Additionally, growing production of passenger vehicles globally and rapid technological advancements in catalytic technologies in the passenger vehicle segment is also driving demand for catalytic converter market. According to the data from International Organization of Motor Vehicle Manufacturers (OICA), the total production of cars has grown by 6% from 57 million units in 2021 to 61.5 million units in 2022.
Source: International Organization of Motor Vehicle Manufacturers
The global catalytic converter market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among regions, the Asia Pacific region is the largest market for the global catalytic converter industry mainly due to region's significant share in global automotive production and getting stringent environmental regulations. As per the data from OICA, China, Japan, India, South Korea are 4 of the top 5 countries with highest automotive production globally in 2022, holding 51.3% of the global automotive production.
the European Region Catalytic Converter Market is Expected to Grow Significantly in the Forecasting Period
The primary factor fueling demand for catalytic converters in the European region is the implementation of strict emission standards, represented by Euro V and Euro VI regulations. Currently, the European Union (EU) mandates a reduction in the fleet average of CO2 emissions for each car company to 95 g/km between 2020 and 2024, with targeted reductions of 15% by 2025 and 37.5% by 2030, particularly for passenger cars. Individual countries, like the Netherlands, have adopted even more stringent standards, setting a limit of 80 g/km. Additionally, the significant presence of leading automotive manufacturers in countries such as Germany and the UK positions the region as a key player in the global automotive catalytic converters market.
The major companies serving the global catalytic converter market are Bosal International, Clean Diesel Technologies Inc., Eberspacher Group, FORVIA SE, FUTABA INDUSTRIAL CO., LTD. among others.