Thailand Catalytic Converter Market (2025-2031) | Outlook, Companies, Growth, Share, Size, Analysis, Forecast, Trends, Revenue, Value & Industry

Market Forecast By Type (Three-way catalytic converter (TWCC), Four-way catalytic converter (FWCC), Diesel oxidation catalyst (DOC), Selective catalytic reduction (SCR), Lean NOx trap (LNT)), By Material (Palladium, Platinum, Rhodium, Others), By Vehicle Type (Passenger car, Light commercial vehicle, Truck, Bus), By Off-Highway Vehicle Type (Agricultural Tractors, Construction Equipment, Mining Equipment) And Competitive Landscape

Product Code: ETC4574966 Publication Date: Jul 2023 Updated Date: Sep 2025 Product Type: Report
Publisher: 6Wresearch No. of Pages: 85 No. of Figures: 45 No. of Tables: 25

Thailand Catalytic Converter Market Highlights

Report Name Thailand Catalytic Converter Market
Forecast Period 2025-2031
CAGR 8.5%
Growing Sector The Automotive sector and Industrial Sector

Topics Covered in the Thailand Catalytic Converter Market

Thailand Catalytic Converter Market report thoroughly covers the market by type, by four-way catalytic converter, by vehicle type, and by off-highway vehicle type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Thailand Catalytic Converter Market Synopsis

Thailand Catalytic Converter Market has been growing over the past years owing to the rising awareness of environmental and health issues. This has resulted in increased demand for catalytic converters in the country. The automotive industry, as it provides the primary source of demand. Moreover, with the development of electric vehicles and hybrid cars, the market is set to grow exponentially in the coming years.

According to 6Wresearch, the Thailand Catalytic Converter Market size is estimated to grow at a CAGR of 8.5% during the forecast period 2025-2031. Government regulations mandate their use in vehicles. The regulation of air pollution standards is becoming stricter each year, and this is driving the implementation of catalytic converters. Another significant driver of this market is the increasing demand for fuel-efficient vehicles. Catalytic converters promote the efficient use of fuel by helping to reduce emissions.

The growing trend of the electric vehicle market is also driving the demand for catalytic converters as a backup power system. In the Thailand Catalytic Converter industry, one of the most significant trends is the adoption of advanced technologies for better performance and longevity. With the increasing demand for reducing emissions, manufacturers are focusing on producing high-performance catalytic converters that are durable and can effectively reduce harmful emissions. Catalytic converters play a key role in converting harmful pollutants in exhaust gases into less harmful substances. The market growth is augmented by the Thailand's commitment to environmental sustainability, meeting emission standards, and adopting advanced catalytic converter technologies to contribute to cleaner and more environmentally friendly vehicles.

Government Initiatives Introduced in the Thailand Catalytic Converter Market

The Thai government is actively taking initiatives to curb air pollution and promote a green economy, which is driving the growth of the catalytic converter market. One such initiative is The Thailand Automotive Institute’s (TAI) effort to promote the use of green technology in Thailand's automotive industry. The Thai government has also introduced incentives for purchasing electric vehicles, which has led to the growth of the electric vehicle market and indirectly benefited the catalytic converter market.

Key Players in the Thailand Catalytic Converter Market

The Thailand Catalytic Converter Market consists of several players such as Johnson Matthey Plc, BASF SE, and Tenneco Inc. actively contributing. Johnson Matthey Plc, a major player, specializes in manufacturing catalytic converters for emission control in vehicles. 

Future Insights of the Thailand Catalytic Converter Market

The Thailand Catalytic Converter Market revenue is estimated to secure a double-digit rate and offers several opportunities for manufacturers to expand their business. With several innovative technological advancements. The market would see a rise in the sales of electric vehicles and hybrid vehicles which would require different catalytic converter systems. Moreover, the evolution of nanotechnology and its incorporation in catalytic converter systems would provide better efficiency and performance in reducing harmful pollutants.

Market Analysis by Type

According to Nitesh, Research Manager, 6Wresearch, SCR is leading in the market underpinned by the country's commitment to reducing harmful emissions from vehicles. SCR is one technology that can help achieve these standards. Additionally, SCR is more fuel-efficient than other types of catalytic converters, which can save vehicle owners money on fuel costs over time. 

Market Analysis by Vehicle Type

Based on the vehicle type, the light commercial vehicle and truck segments are gaining traction in the Thailand catalytic converter market, driven by the growing construction and agriculture industries, and the government's efforts to reduce emission levels caused by heavy-duty vehicles.

Market Analysis by Off-Highway Vehicle Type

Based on the Off-Highway Vehicle Type, mining equipment is the only type that is experiencing growth in the Thailand catalytic converter market. This growth is owing to the country's push for sustainable mining practices, as well as the rise of electric mining vehicles.

Key attractiveness of the report

  • 10 Years Market Numbers.
  • Historical Data Starting from 2021 to 2024.
  • Base Year: 2024.
  • Forecast Data until 2031.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Thailand Catalytic Converter Market Outlook
  • Market Size of Thailand Catalytic Converter Market, 2024
  • Forecast of Thailand Catalytic Converter Market, 2031
  • Historical Data and Forecast of Thailand Catalytic Converter Revenues & Volume for the Period 2021 - 2031
  • Thailand Catalytic Converter Market Trend Evolution
  • Thailand Catalytic Converter Market Drivers and Challenges
  • Thailand Catalytic Converter Price Trends
  • Thailand Catalytic Converter Porter's Five Forces
  • Thailand Catalytic Converter Industry Life Cycle
  • Historical Data and Forecast of Thailand Catalytic Converter Market Revenues & Volume By Type for the Period 2021 - 2031
  • Historical Data and Forecast of Thailand Catalytic Converter Market Revenues & Volume By Three-way catalytic converter (TWCC) for the Period 2021 - 2031
  • Historical Data and Forecast of Thailand Catalytic Converter Market Revenues & Volume By Four-way catalytic converter (FWCC) for the Period 2021 - 2031
  • Historical Data and Forecast of Thailand Catalytic Converter Market Revenues & Volume By Diesel oxidation catalyst (DOC) for the Period 2021 - 2031
  • Historical Data and Forecast of Thailand Catalytic Converter Market Revenues & Volume By Selective catalytic reduction (SCR) for the Period 2021 - 2031
  • Historical Data and Forecast of Thailand Catalytic Converter Market Revenues & Volume By Lean NOx trap (LNT) for the Period 2021 - 2031
  • Historical Data and Forecast of Thailand Catalytic Converter Market Revenues & Volume By Material for the Period 2021 - 2031
  • Historical Data and Forecast of Thailand Catalytic Converter Market Revenues & Volume By Palladium for the Period 2021 - 2031
  • Historical Data and Forecast of Thailand Catalytic Converter Market Revenues & Volume By Platinum for the Period 2021 - 2031
  • Historical Data and Forecast of Thailand Catalytic Converter Market Revenues & Volume By Rhodium for the Period 2021 - 2031
  • Historical Data and Forecast of Thailand Catalytic Converter Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Thailand Catalytic Converter Market Revenues & Volume By Vehicle Type for the Period 2021 - 2031
  • Historical Data and Forecast of Thailand Catalytic Converter Market Revenues & Volume By Passenger car for the Period 2021 - 2031
  • Historical Data and Forecast of Thailand Catalytic Converter Market Revenues & Volume By Light commercial vehicle for the Period 2021 - 2031
  • Historical Data and Forecast of Thailand Catalytic Converter Market Revenues & Volume By Truck for the Period 2021 - 2031
  • Historical Data and Forecast of Thailand Catalytic Converter Market Revenues & Volume By Bus for the Period 2021 - 2031
  • Historical Data and Forecast of Thailand Catalytic Converter Market Revenues & Volume By Off-Highway Vehicle Type for the Period 2021 - 2031
  • Historical Data and Forecast of Thailand Catalytic Converter Market Revenues & Volume By Agricultural Tractors for the Period 2021 - 2031
  • Historical Data and Forecast of Thailand Catalytic Converter Market Revenues & Volume By Construction Equipment for the Period 2021 - 2031
  • Historical Data and Forecast of Thailand Catalytic Converter Market Revenues & Volume By Mining Equipment for the Period 2021 - 2031
  • Thailand Catalytic Converter Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Material
  • Market Opportunity Assessment By Vehicle Type
  • Market Opportunity Assessment By Off-Highway Vehicle Type
  • Thailand Catalytic Converter Top Companies Market Share
  • Thailand Catalytic Converter Competitive Benchmarking By Technical and Operational Parameters
  • Thailand Catalytic Converter Company Profiles
  • Thailand Catalytic Converter Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type

  • Three-Way Catalytic Converter (TWCC)
  • Four-Way Catalytic Converter (FWCC)
  • Diesel Oxidation Catalyst (DOC)
  • Selective Catalytic Reduction (SCR)
  • Lean NOx Trap (LNT))

By Material

  • Palladium
  • Platinum
  • Rhodium
  • Others

By Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle
  • Truck
  • Bus

By Off-Highway Vehicle Type

  • Agricultural Tractors
  • Construction Equipment
  • Mining Equipment

What are the future projections for the Thailand catalytic converter market?

The increasing demand for fuel-efficient vehicles and strict environmental regulations have boosted the requirement for high-performance catalytic converter systems. Moreover, the evolution of sophisticated technologies and advancements in manufacturing techniques has substantially impacted the market growth.
As per the market research report, the Thailand catalytic converter market size is expected to grow at a CAGR of 8.5% during the forecast period from 2024 to 2030. This growth is due to the rapid expansion of the automotive industry and the government's regulations and incentives plans to promote eco-friendly initiatives.
In terms of market share, the three major market players, including Johnson Matthey, BASF Catalysts LLC, and Umicore hold the significant market share in the Thailand catalytic converter market.
The Thailand catalytic converter market is expected to witness significant growth in the coming years, driven by factors such as increasing adoption of emission control technologies by automotive manufacturers like Toyota, Honda, and Nissan to comply with stringent environmental regulations and growing awareness about the importance of reducing vehicle emissions to combat air pollution.
The Thailand catalytic converter market refers to the industry that manufactures and supplies catalytic converters for vehicles in Thailand. This market encompasses a variety of players including companies like BASF, Johnson Matthey, and Corning, who produce catalytic converters using advanced technologies to reduce emissions from automobiles and comply with environmental regulations. Additionally, local Thai manufacturers such as Thai Catalytic Group also contribute to the market by providing solutions tailored to the specific needs of the region.
The growth in the Thailand catalytic converter market is primarily driven by stringent emission regulations set by the Thai government to combat air pollution. Companies like Johnson Matthey, BASF, and Umicore are investing in advanced catalytic converter technologies to meet these regulations and cater to the increasing demand for cleaner automotive solutions in Thailand. Additionally, the rising adoption of electric vehicles in the country is also expected to drive the demand for catalytic converters as automakers transition to hybrid and electric powertrains.
The Thailand catalytic converter market is primarily driven by stringent emission regulations imposed by the government to reduce air pollution levels, leading to increased demand for environmentally friendly vehicles. However, challenges such as the availability of cheaper alternatives like aftermarket converters and the rising popularity of electric vehicles are impacting market growth dynamics. Additionally, the entry of global players like BASF and Johnson Matthey into the market is intensifying competition and driving innovation in catalytic converter technologies.
In the Thailand catalytic converter market, key competitors include companies like Bosal International, MagnaFlow, and Tenneco. Bosal International focuses on offering a diverse range of catalytic converters for various vehicle types, emphasizing durability and performance. MagnaFlow positions itself as a leading provider of high-performance catalytic converters known for their advanced technology and compliance with emission standards. Tenneco, through its brand Walker, is recognized for its innovation in catalytic converter technology and for catering to a wide range of vehicle applications.
6Wresearch actively monitors the Thailand Catalytic Converter Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Thailand Catalytic Converter Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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1 Executive Summary
2 Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 Thailand Catalytic Converter Market Overview
3.1 Thailand Country Macro Economic Indicators
3.2 Thailand Catalytic Converter Market Revenues & Volume, 2021 & 2031F
3.3 Thailand Catalytic Converter Market - Industry Life Cycle
3.4 Thailand Catalytic Converter Market - Porter's Five Forces
3.5 Thailand Catalytic Converter Market Revenues & Volume Share, By Type, 2021 & 2031F
3.6 Thailand Catalytic Converter Market Revenues & Volume Share, By Material, 2021 & 2031F
3.7 Thailand Catalytic Converter Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F
3.8 Thailand Catalytic Converter Market Revenues & Volume Share, By Off-Highway Vehicle Type, 2021 & 2031F
4 Thailand Catalytic Converter Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.2.1 Stringent emission regulations in Thailand pushing for adoption of catalytic converters
4.2.2 Growing awareness among consumers regarding environmental issues and the need for pollution control
4.2.3 Increasing automobile sales and production in Thailand driving the demand for catalytic converters
4.3 Market Restraints
4.3.1 Fluctuating raw material prices affecting the manufacturing cost of catalytic converters
4.3.2 Potential market saturation due to the presence of alternative technologies for emission control
5 Thailand Catalytic Converter Market Trends
6 Thailand Catalytic Converter Market, By Types
6.1 Thailand Catalytic Converter Market, By Type
6.1.1 Overview and Analysis
6.1.2 Thailand Catalytic Converter Market Revenues & Volume, By Type, 2021 - 2031F
6.1.3 Thailand Catalytic Converter Market Revenues & Volume, By Three-way catalytic converter (TWCC), 2021 - 2031F
6.1.4 Thailand Catalytic Converter Market Revenues & Volume, By Four-way catalytic converter (FWCC), 2021 - 2031F
6.1.5 Thailand Catalytic Converter Market Revenues & Volume, By Diesel oxidation catalyst (DOC), 2021 - 2031F
6.1.6 Thailand Catalytic Converter Market Revenues & Volume, By Selective catalytic reduction (SCR), 2021 - 2031F
6.1.7 Thailand Catalytic Converter Market Revenues & Volume, By Lean NOx trap (LNT), 2021 - 2031F
6.2 Thailand Catalytic Converter Market, By Material
6.2.1 Overview and Analysis
6.2.2 Thailand Catalytic Converter Market Revenues & Volume, By Palladium, 2021 - 2031F
6.2.3 Thailand Catalytic Converter Market Revenues & Volume, By Platinum, 2021 - 2031F
6.2.4 Thailand Catalytic Converter Market Revenues & Volume, By Rhodium, 2021 - 2031F
6.2.5 Thailand Catalytic Converter Market Revenues & Volume, By Others, 2021 - 2031F
6.3 Thailand Catalytic Converter Market, By Vehicle Type
6.3.1 Overview and Analysis
6.3.2 Thailand Catalytic Converter Market Revenues & Volume, By Passenger car, 2021 - 2031F
6.3.3 Thailand Catalytic Converter Market Revenues & Volume, By Light commercial vehicle, 2021 - 2031F
6.3.4 Thailand Catalytic Converter Market Revenues & Volume, By Truck, 2021 - 2031F
6.3.5 Thailand Catalytic Converter Market Revenues & Volume, By Bus, 2021 - 2031F
6.4 Thailand Catalytic Converter Market, By Off-Highway Vehicle Type
6.4.1 Overview and Analysis
6.4.2 Thailand Catalytic Converter Market Revenues & Volume, By Agricultural Tractors, 2021 - 2031F
6.4.3 Thailand Catalytic Converter Market Revenues & Volume, By Construction Equipment, 2021 - 2031F
6.4.4 Thailand Catalytic Converter Market Revenues & Volume, By Mining Equipment, 2021 - 2031F
7 Thailand Catalytic Converter Market Import-Export Trade Statistics
7.1 Thailand Catalytic Converter Market Export to Major Countries
7.2 Thailand Catalytic Converter Market Imports from Major Countries
8 Thailand Catalytic Converter Market Key Performance Indicators
8.1 Adoption rate of catalytic converters in new vehicle registrations
8.2 Percentage of vehicles retrofitted with catalytic converters
8.3 Number of research and development initiatives for improving catalytic converter efficiency
9 Thailand Catalytic Converter Market - Opportunity Assessment
9.1 Thailand Catalytic Converter Market Opportunity Assessment, By Type, 2021 & 2031F
9.2 Thailand Catalytic Converter Market Opportunity Assessment, By Material, 2021 & 2031F
9.3 Thailand Catalytic Converter Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F
9.4 Thailand Catalytic Converter Market Opportunity Assessment, By Off-Highway Vehicle Type, 2021 & 2031F
10 Thailand Catalytic Converter Market - Competitive Landscape
10.1 Thailand Catalytic Converter Market Revenue Share, By Companies, 2024
10.2 Thailand Catalytic Converter Market Competitive Benchmarking, By Operating and Technical Parameters
11 Company Profiles
12 Recommendations
13 Disclaimer
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