Diesel Engine Catalyst Market 2024 - Size, Trend Analysis, Industry Share, Current Growth, Top Major Players And Forecast To 2033

Global diesel engine catalyst market size is expected to reach $44.86 billion by 2028 at a rate of 8.1%, segmented as by component type, honeycomb catalyst, pellet catalyst, monolith catalyst

Sep 4, 2024 - 15:11

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The Diesel Engine Catalyst Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Diesel Engine Catalyst Global Market Report 2024, The diesel engine catalyst market size is expected to see strong growth in the next few years. It will grow to $44.86 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to stricter emissions regulations worldwide, rising Awareness of air pollution, significant investments in research and development, high demand for commercial vehicles, and the growing use of renewable diesel fuels. Major trends in the forecast period include technological advancements, improvements in catalyst technologies, development of selective catalytic reduction (SCR), implementation of after-treatment systems, and improvements in fuel efficiency standards.

The growth in the commercial vehicle segment is expected to propel the growth of the diesel engine catalyst market going forward. A commercial vehicle is any motor vehicle used for transporting goods or paying passengers and is typically classified based on its gross vehicle weight rating (GVWR) or passenger capacity. The commercial vehicle segment is expected to see growth due to the expanding economy, increased demand for freight transportation driven by e-commerce and infrastructure development, and the need to replace older trucks with more technologically advanced and fuel-efficient models. Diesel engine catalysts in commercial vehicles reduce emissions of pollutants such as NOx, CO, and particulate matter, ensuring compliance with stringent environmental regulations while improving fuel efficiency. For instance, in April 2024, according to the European Automobile Manufacturers Association (ACEA), the lobbying and standards group of the automobile industry, in the first quarter of 2024, new EU commercial van sales rose by 12.6%, with nearly 400,000 units in comparison to the first quarter of 2023. Commercial bus sales also had a positive start to the year, with new EU registrations surging by 23.3% compared to the first quarter of 2023, totaling 9,624 units. Therefore, the growth in the commercial vehicle segment is driving the growth of the diesel engine catalyst market.

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The diesel engine catalyst market covered in this report is segmented –

1) By Component Type: Honeycomb Catalyst, Pellet Catalyst, Monolith Catalyst
2) By Technology: Diesel Oxidation Catalysts (DOC), Diesel Particulate Filter (DPF), Selective Catalytic Reduction (SCR), Other Technologies
3) By Material Type: Platinum, Palladium, Rhodium
4) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
5) By Application: On-Road, Off-Road

Major companies operating in the diesel engine catalyst market are focusing on developing advanced products, such as NOx adsorbers, to better serve customers. NOx adsorbers, also known as NOx traps or lean NOx traps (LNTs), are emission control devices used in internal combustion engines to reduce nitrogen oxide (NOx) emissions. For instance, in June 2024, Veneporte, S.A., a Portugal-based auto parts manufacturing company, released new lean NOx trap products. This exhaust gas purification system is one of the most advanced on the market, with its main function being the significant reduction of harmful emissions produced by diesel engines. This launch reinforces Veneporte's commitment to innovation and sustainability, providing our customers with cutting-edge technologies for a cleaner future and also focusing on offering new emission control solutions to the market.

The diesel engine catalyst market report table of contents includes:

1. Executive Summary

2. Diesel Engine Catalyst Market Characteristics

3. Diesel Engine Catalyst Market Trends And Strategies

4. Diesel Engine Catalyst Market - Macro Economic Scenario

5. Global Diesel Engine Catalyst Market Size and Growth

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32. Global Diesel Engine Catalyst Market Competitive Benchmarking

33. Global Diesel Engine Catalyst Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Diesel Engine Catalyst Market

35. Diesel Engine Catalyst Market Future Outlook and Potential Analysis

36. Appendix