Three-Way Catalysts (TWC) Market Report Analysis & Forecast 2024-2030

Global Three-Way Catalysts (TWC) Market by Application /End User(CNG Engines, LPG Engines, Gasoline Engines) by Product Type (Non-Precious Metal Three-Way Catalyst, Precious Metal Three-Way Catalyst) Industry Analysis, Volume, Share, Growth, Challenges, Trends, and Forecast 2024-2030

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    Global Three-Way Catalysts (TWC) Market Report is expected to reach USD 36837.61 million by 2030 with CAGR of 7.7% between 2024 and 2030

    Global Three-Way Catalysts (TWC) Market: Summary

    Three-Way Catalysts includes reactions between CO, HC, and NOx result in the simultaneous removal of all three major exhaust pollutants.Three-way catalysts are used with air to fuel ratio controllers which maintain the mixture composition at stoichiometric. These controllers utilize a feedback signal from the oxygen sensor positioned in front of the catalyst in the exhaust system. The range of A/F ratio required for satisfactory catalyst operation is known as the “catalyst window”.Concentrations of pollutants in the exhaust gas depend on the fuel mixture composition. At lean fuel mixtures the exhaust gases contain little carbon monoxide or hydrocarbons but high concentrations of NOx.  


    Global Three-Way Catalysts (TWC) Market is expected to reach USD 22.78 billion by 2022 at a CAGR of 7.7 %. Growth in Three-Way Catalysts (TWC) Market is primarily driven by increasing demand for gasoline vehicles, especially in passenger cars.Global sales of passenger cars are expected to reach 88.7 million by 2019,it will lead Three-Way Catalysts (TWC) Market for same forecasted period.The Asia-Pasific has shown highest growth rate in terms of value since last decade.Large population,increase in disposable income,cost advantages for OEMs, health and environmental awareness in Asia-Pacific region resulted into automobile hub hence driving Three-Way Catalysts (TWC) Market.  


    Three-way converters are effective when the engine is operated within a narrow band of air-fuel ratios near the stoichiometric point, such that the exhaust gas composition oscillates between rich (excess fuel) and lean (excess oxygen). Conversion efficiency falls very rapidly when the engine is operated outside of this band. Under lean engine operation, the exhaust contains excess oxygen, and the reduction of NOx is not favored. Under rich conditions, the excess fuel consumes all of the available oxygen prior to the catalyst, leaving only oxygen stored in the catalyst available for the oxidation function.  


    Global Three-Way Catalysts (TWC) Market

    Global Three-Way Catalysts (TWC) Market : Product Type Analysis

    • Non-Precious Metal Three-Way Catalyst
    • Precious Metal Three-Way Catalyst

    Global Three-Way Catalysts (TWC) Market : End User/ Applications Analysis

    • CNG Engines
    • LPG Engines
    • Gasoline Engines

    Global Three-Way Catalysts (TWC) Market : Competitive Analysis

    Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players

    • Implats
    • Kunming Sino-Platinum Metals
    • Heraeus
    • Cataler
    • BASF
    • Umicore
    • Johnson-Matthey
    • Tianjin HySci Company
    • Daiichi Kigenso Kagaku Kogyo Co., Ltd
    • Corning (Shanghai) Co., Ltd
    • NGK Insulators
    • Ibiden
    • Jiangsu Yixing Nonmetallic Chemical Machinery Factory Co., Ltd
    • Nanjing Kerui Special Ceramics Company Limited
    • Weihai Pacific Industrial Development Corporation (PIDC), China
    • 3M (China) Co., Ltd.
    • Zhejiang Bondlye Motor Environmental Technology
    • Unifrax (Shanghai)
    • Bosch
    • Delphi
    • Denso
    • NGK
    • Kefico
    • Faurecia
    • Faurecia (Changchun) Exhaust System Co., Ltd
    • Shanghai Faurecia Honghu Exhaust System
    • Wuhan Faurecia Tongda Exhaust System
    • Faurecia Exhaust System
    • TENNECO

    Three-Way Catalysts (TWC) Market: Regional Analysis

    • North America
      • U.S.A
      • Canada
    • Europe
      • Germany
      • France
      • Spain
      • UK
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South East Asia
    • Latin America
      • Brazil
    • Middle East and Africa

    Global Three-Way Catalysts (TWC) Market Report Report delivers a comprehensive analysis of the following parameters:

    • Market Forecast for 2024-2030
    • Market growth drivers
    • Challenges and Opportunities
    • Emerging and Current market trends
    • Market player Capacity, Production, Revenue (Value)
    • Supply (Production), Consumption, Export, Import analysis
    • End user/application Analysis

    Report Coverage

    Parameters Details

    Base Year

    2023

    Historical Data

    2018-2023

    Forecast Data

    2024-2030

    Base Year Value (2023)

    USD 18895.14 million

    Forecast Value (2030)

    USD 36837.61 million

    CAGR (2022 to 2028)

    7.7 %

    Regional Scope

    North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW


    Frequently Asked Questions (FAQ)


    Three-Way Catalysts (TWC) Market Report was valued at around USD 18895.14 million in 2023 & estimated to reach USD 36837.61 million by 2030.




    Three-Way Catalysts (TWC) Market Report is likely to grow at compounded annual growth rate (CAGR) of 7.7% between 2024 to 2030.




    Asia-Pasific has shown highest growth rate in terms of value & estimated to show high growth rate in upcoming years.



    Some of the top companies included in the research report are Implats, Kunming Sino-Platinum Metals, Heraeus, Cataler, BASF, Umicore, Johnson-Matthey, Tianjin HySci Company, Daiichi Kigenso Kagaku Kogyo Co., Ltd, Corning (Shanghai) Co., Ltd, NGK Insulators, Ibiden.




    Growth in Three-Way Catalysts (TWC) Market is primarily driven by increasing demand for gasoline vehicles, especially in passenger cars.




    Yes, the report includes COVID 19 impact on the market.



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