Top Trends Shaping the North America Automotive Catalytic Converter Market

The North America automotive catalytic converter market is projected to grow significantly, with a CAGR of 7.3%, reaching US$ 32.34 billion by 2031 from US$ 18.63 billion in 2024. This growth is driven by stringent emission laws, increasing vehicle production, and technological advancements. The adoption of advanced materials like platinum, palladium, and rhodium for enhanced efficiency and durability is key to meeting environmental standards. The U.S. leads the market, benefiting from robust research and development in automotive parts, while Canada’s automotive sector is also growing due to rising production and the shift toward greener vehicles. The three-way oxidation-reduction catalytic converters dominate, accounting for 64.9% of the market, while palladium remains the leading material due to its efficiency in reducing emissions.