Three-Way Catalysts (TWC) Market Report Research Report

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

Number of pages: 163 | Report Code: PSMR- PSMR-00058 | Report Format : PDF

Report Coverage

Parameters Details

Base Year


Historical Data


Forecast Data


Base Year Value (2021)

USD 18895.14 million

Forecast Value (2029)

USD 36837.61 million

CAGR (2022 to 2029)

7.7 %

Regional Scope

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

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 of 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

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

Frequently Asked Questions (FAQ)

Three-Way Catalysts (TWC) Market Report was valued at around USD 18895.14 million in 2020 & estimated to reach USD 36837.61 by 2028.

Three-Way Catalysts (TWC) Market Report is likely to grow at compounded annual growth rate (CAGR) of 7.7% between 2021 to 2028.

segment dominated the global market in terms of revenue generation. region is likely to show the highest growth rate between 2021 to 2028.

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 of gasoline vehicles, especially in passenger cars.

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

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