Diesel engine catalysts are used in diesel engines for controlling the nitrous oxide emissions and operating with a lean burn rate. Rollout of new emission regulations have led to development of new catalytic formulations for controlling carbon monoxide and hydrocarbon emissions. The global diesel engine catalyst market report by Market Research Future (MRFR) focuses on pertinent factors and challenges to be faced by the industry for the period of 2020 to 2027 (forecast period). The COVID-19 pandemic and its implications on the industry are explored in the full report.
The global diesel engine catalyst market is estimated to register 7.36% CAGR during the forecast period. This is attributed to availability of low-cost and technologically advanced catalysts and efforts to curb NoX and HC emissions. Conversion of diesel particulate matter and development of pollutant control devices can bolster the market demand. Recently, the researchers at the University of the Basque Country have proposed the use of pervoskites in development of catalytic converters for reducing emission rates.
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But the rise of battery-fueled vehicles can pose a large threat to the market.
On the basis of technology, the global diesel engine catalyst market is segmented into diesel oxidation catalysts (DOC), diesel particulate filters (DPF), selective catalytic reduction (SCR), and others. The diesel oxidation catalysts (DOC) segment is expected to dominate the market due to easy to installation and low maintenance. Emphasis on lowering particulate matter (PM) rates on highways and roads can drive the segment demand during the forecast period. On the other hand, the SCR segment can receive demand over the assessment period owing to the use of a liquid-reductant agent for selectively reducing nitrogen oxide.
On the basis of application, the global diesel engine catalyst market is segmented into on-road and off-road. The on-road segment is expected to hold the maximum market share. The increasing sale of commercial vehicles and passenger vehicles globally and the recent developments in diesel engine catalyst technology are expected to drive the on-road segment in the global market during the forecast period.
On the basis of sales channel, the global diesel engine catalyst market is segmented into OEM and aftermarket. The OEM segment is expected to hold the maximum market share as major automotive manufacturing companies are working on achieving minimum emission levels for a adhering to recent and upcoming vehicle emission standards all over the world. Furthermore, various benefits offered by OEM diesel engine catalysts such as better quality, high lifespan, and warranty are anticipated to drive the demand for OEM diesel engine catalysts during the forecast period.
Asia Pacific is expected to witness an excellent growth in the diesel engine catalyst market owing to the new emission standards regulated by the government. The automotive industry in the region is growing at a fast pace due to the increase in automotive sale and production in developing nations such as China and India. Increased sales of automobiles and constant efforts taken by the government to reduce gas emissions are expected to fuel the market demand for diesel engine catalyst during the forecast period. China is one of the major producers of diesel engine catalysts. The diesel engine catalysts in the region have various applications and the market has been growing at a significant pace in the past few years. The other prominent factors leading to the growth of the diesel engine catalyst market in China are the increase in manufacturing companies, rising government regulations towards energy efficient transportation, and the high demand for commercial vehicles.
North America is poised to gain a large share of the global diesel engine catalyst market over the forecast period owing to efforts by environmental protection agencies for developing stringent emission standards. An instance is the Cleaner Trucks initiative that is deemed to lower emissions in commercial vehicles.
Umicore N.V., Johnson Matthey, Nett Technologies Inc., SANGO Co., Ltd, CDTi Advanced Materials, Inc., Eberspächer, Magneti Marelli S.p.A., BASF SE, Continental AG, and Perkins Engines Company Limited are key players of the global diesel engine catalyst market.
Key Questions Addressed by the Report
- What was the historic market size (2020)?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate by 2027?
- How are the key players in this market?
- What are the strategies adopted by key players?
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVE
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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