Global Diesel Engine Catalyst Market was valued at USD xx Bn in 2019 and is expected to reach at USD xx Bn by 2027 at a CAGR of xx% over the forecast period 2020-2027.
Global Diesel Engine Catalyst Market
The report covers an in-depth analysis of COVID 19 pandemic impact on Global Diesel Engine Catalyst Market by region and on the key players revenue affected till April 2020 and expected short term and long-term impact on the market.
Global Diesel Engine Catalyst Market Dynamics.
During the last decade, diesel engines have increased in popularity compared to gasoline engines because of their superior fuel economy, reliability, and durability, simultaneously associated with a favourable fuel tax situation in several countries. At present, around 60% of all new European cars are equipped with diesel engines. Engine catalyst was first introduced on spark-ignited gasoline engines. A diesel engine catalyst (DOC) is an after-treatment component that is designed to convert carbon monoxide (CO) and hydrocarbons into carbon dioxide (CO2) and water. Various factors such as stringent emission control regulations to growing aftermarket for catalytic converters, increasing demand for Scr in heavy diesel engines, growing focus of catalyst manufacturers on innovation and washcoat technology, and rising awareness among automobile manufacturers about the use of catalytic converters are driving the market growth over forecast period.
However, factors such as dependence of performance on temperature & loss of activity through poisoning and thermal deactivation, increasing demand for battery electric vehicles, and fluctuating prices of diesel are restraining the market growth over the forecast period.
Global Diesel Engine Catalyst Market is segmented by technology, by application, by sales channel, and by region. By technology, the diesel oxidation catalysts (DOC) segment held the largest market share in 2019 and is expected to keep its dominance over the forecast period owing to the easy installation and less maintenance. The diesel oxidation technology is used in all the vehicles using diesel engines such as passenger diesel cars, urban transit buses, heavy-duty trucks, and off-highway equipment. Increasing demand for diesel oxidation catalysts from construction vehicles, mining vehicles, logistics vehicles, power generation, marine & utility vehicles, and gantry cranes is expected to create lucrative opportunities for the market over the forecast period. Leading automotive manufacturers including General Motors, BMW, Volkswagen, and Ford Motors are installing diesel oxidation catalysts (DOC) in engine systems of finished products. By sales channel, the OEM segment dominated the global market in 2019 and is expected to keep its dominance over the forecast period owing to various benefits offered by OEM diesel engine catalysts are better quality, high lifespan, warranty, and return on investment.
By geography, APAC dominated the global market with xx% of market share in 2019 and is expected to keep its dominance over the forecast period owing to the new emission standards regulated by the government. Various factors such as growing awareness about automotive catalysts, increasing demand for vehicles in the Asia Pacific region, and greater stress on low vehicle emissions as well as a rise in disposable incomes of consumers are driving the market growth over the forecast period. APAC is followed by Europe and North America. China is one of the major producers of diesel engine catalysts in Asia-Pacific. Factors such as an increase in manufacturing companies, rising government regulations towards energy-efficient transportation, and the high demand for commercial vehicles are driving the market growth in China. Europe is expected to hold xx% of market share over the forecast period owing to the growing transport industry in this region. The presence of major automotive companies, stringent government norms regarding emission control, and growing investments in the development of diesel engine catalysts are mainly driving the market growth in this region.
Report covers in-depth analysis of key development, marketing strategies, supply-side, and demand-side indicators. Key players are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches, and patent to increase their regional presence and business operations.
Perkins Engines Company Limited (UK) is a leading market player. With a history stretching back more than 85 years, Perkins is one of the world’s leading providers of diesel and gas engines. They aim to set standards of engineering excellence, providing the most comprehensive range of innovative and reliable power solutions, tailored to meet the precise requirements of their customers. Perkins diesel engine catalyst provides a simple solution for original equipment manufacturers (OEMs). They are easy to install and maintain and don’t require any additional control from the machine operator. Perkins and its global network of 67 trained distributors work with Original Equipment Manufacturers (OEMs) to deliver the right engine and aftermarket service solutions. These local distributors offer access to detailed local knowledge about operating conditions, emission standards, and other issues. They provide the services of highly trained application engineers, either from Perkins or from their team.
The objective of the report is to present a comprehensive analysis of the Global Diesel Engine Catalyst Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Diesel Engine Catalyst Market dynamics, structure by analyzing the market segments and project Global Diesel Engine Catalyst Market. Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Diesel Engine Catalyst Market make the report investor’s guide.
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Scope of Global Diesel Engine Catalyst Market
Global Diesel Engine Catalyst Market Segmentation by Technology
Global Diesel Engine Catalyst Market Segmentation by Application
Global Diesel Engine Catalyst Market Segmentation by Sales Channel
Global Diesel Engine Catalyst Market Segmentation by Region
• North America
• MEA& Africa
• South Africa
Global Diesel Engine Catalyst Market Major Players
• Johnson Matthey (UK)
• Magneti Marelli S.p.A. (Italy)
• BASF SE (Germany)
• SANGO Co., Ltd (Japan)
• Umicore N.V. (Belgium)
• Perkins Engines Company Limited (UK)
• CDTi Advanced Materials, Inc. (US)
• Nett Technologies Inc. (Canada)
• Eberspächer (Germany)
• Continental AG (Germany)
• Corning (US)
• Solvay (Belgium)
• Tenneco (US)
• Cataler (Japan)
• Heraeus (Germany)
• Holdor Topsoe (Denmark)
• Aristo Intelligent Catalyst Technology (US)
• N.E. Chemcat (Japan)
• Sinocat (China)
• Ecocat (India)
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