Diesel Oxidation Catalyst Converter Market (By Type: Platinum, Palladium, Rhodium, Others; By Application: Passenger Cars, Commercial Vehicles; By Region: North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) Industry Size, Share, Growth, Trends 2025 to 2034.
The global diesel oxidation catalyst converter market, valued at USD 7,325 million in 2024, is projected to reach USD 13,368 million by 2034, growing at a CAGR of 6.2% driven by rising emission control regulations and demand for cleaner automotive technologies.
| Reports Attributes | Statistics |
| Market Size in 2024 | USD 7,325 Million |
| Market Size in 2025 | USD 7,779 Million |
| Market Size in 2031 | USD 11,160 Million |
| Market Size by 2034 | USD 13,368 Million |
| CAGR 2025 to 2034 | 6.2% |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
The diesel oxidation catalyst converter market is gaining momentum due to the increasing popularity of diesel vehicles in the passenger vehicle, construction, and transportation sectors. For instance, in the first half of 2024, diesel vehicle sales increased to 774,000 units from 738,000 units year-over-year. The rising shift towards EVs may play a restraining role and hamper its adoption in some applications.
The diesel oxidation catalyst converter market is expected to gain popularity as many organizations and governments focus on adopting stringent emission regulations to meet environmental norms. The rising popularity of diesel vehicles in marine applications is expected to play a crucial role in the upcoming years, as it will create several business opportunities for emerging players. The emergence of AI is expected to help significantly as its use is being implemented in R&D. The technology is also expected to help manage the supply-chain demand.
| Regions | Shares (%) |
| North America | 30% |
| Asia Pacific | 35% |
| Europe | 28% |
| Latin America | 4% |
| Middle East & Africa | 3% |
| Segments | Shares (%) |
| Platinum | 50% |
| Palladium | 30% |
| Rhodium | 15% |
| Others | 5% |
| Segments | Shares (%) |
| Passenger Cars | 65% |
| Commercial Vehicles | 35% |
Published by Ajit Bansod
