Press Release

Diesel Engine Catalyst Market to Grow at 7.92% CAGR Through 2023 to 2028

Concern regarding the toxic waste, increased in the demand for diesel engines and supported government initiatives are the factors driving the Global Diesel Engine Catalyst Market in the forecast period 2024-2028.

 

According to TechSci Research report, “Diesel Engine Catalyst Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Diesel Engine Catalyst Market stood at USD 30.08 Billion in 2022 and is anticipated to grow with a CAGR of 7.92% in the forecast period, 2024-2028. The global Diesel Engine Catalyst Market is experiencing substantial growth driven by a convergence of regulatory imperatives, technological advancements, market demand for fuel-efficient vehicles, and a heightened focus on environmental sustainability. These factors collectively contribute to the expansion of the market and the increasing adoption of diesel engine catalysts across various industries.

One of the key drivers behind the market's growth is the increasing demands for fuel efficiency. The demand for fuel-efficient vehicles, particularly in the commercial transportation sector, is a significant catalyst for market growth. Diesel engines, known for their fuel efficiency and high torque output, are favored in heavy-duty applications. As industries seek to balance performance and environmental responsibility, the adoption of diesel engines equipped with advanced catalyst technologies becomes imperative.

Stringent emission regulations imposed by governments globally are a primary driver of growth in the Diesel Engine Catalyst Market. Regulatory bodies set increasingly strict standards to curb harmful emissions from diesel engines, necessitating the adoption of advanced catalyst technologies to achieve compliance. A global shift towards environmental sustainability is accelerating the adoption of cleaner technologies, including diesel engine catalysts. These catalysts play a crucial role in reducing emissions, aligning with the broader goal of achieving sustainable and eco-friendly transportation solutions. The increasing emphasis on sustainability by consumers, businesses, and governments contributes to the market's growth.

Continuous advancements in catalyst materials and designs are a prominent trend. Research and development efforts focus on improving efficiency, durability, and adaptability to different operating conditions, making diesel engine catalysts more effective and versatile. The integration of Industry 4.0 technologies, including data analytics and connectivity, is a growing trend. This integration enables real-time monitoring, predictive maintenance, and remote diagnostics, enhancing the overall efficiency and reliability of diesel engine catalyst systems.

The initial cost of implementing advanced diesel engine catalyst technologies can be a challenge for manufacturers and end-users. Striking a balance between compliance with emission standards and managing the economic implications of adopting these technologies is crucial. Diesel engine catalysts face durability challenges, especially in harsh operating conditions. Factors such as catalyst poisoning and thermal degradation can affect the long-term performance of the catalyst systems. Addressing these issues is essential to ensure the sustained effectiveness of diesel engine catalysts.

 

Browse over market data Figures spread through 180 Pages and an in-depth TOC on " Global Diesel Engine Catalyst Market.”

 

In North America, stringent emission standards set by the Environmental Protection Agency (EPA) drive the adoption of diesel engine catalysts. The region's technologically advanced automotive industry focuses on innovation in catalyst systems to meet regulations. The push for cleaner technologies and sustainable transportation solutions, along with the strong presence of automotive manufacturers, contributes to the growth of the Diesel Engine Catalyst Market.

Europe has been a frontrunner in implementing strict emission standards, particularly with the Euro VI regulations. The region's commitment to environmental sustainability and the adoption of diesel engines in commercial transportation stimulate the demand for advanced catalyst technologies. European countries exhibit a strong inclination towards technological advancements, making the region a hub for research and development in the Diesel Engine Catalyst Market.

The Asia-Pacific region, including major markets like China and India, is a significant driver of global market growth. Rapid industrialization, urbanization, and increasing demand for commercial vehicles contribute to the surge in diesel engine catalyst adoption. Governments in the region are aligning with global emission standards, necessitating the use of advanced catalyst systems. The Asia-Pacific's role as a global manufacturing hub further amplifies its influence on the Diesel Engine Catalyst Market.

South America experiences market growth driven by economic factors and government initiatives. As countries in the region focus on industrial development, the demand for commercial vehicles and associated catalyst technologies rises. Governments may offer incentives to encourage the adoption of cleaner technologies, impacting the Diesel Engine Catalyst Market positively.

In the Middle East and Africa, infrastructure development projects and the prominence of the energy sector drive the demand for heavy-duty vehicles powered by diesel engines. The adoption of emission control technologies, including diesel engine catalysts, aligns with global sustainability goals. Economic conditions and government policies influence the pace of market growth in this region.

 

Major companies operating in Global Diesel Engine Catalyst Market are:

  • Johnson Matthey
  • Marelli Holdings Co., Ltd
  • BASF SE
  • SANGO Co., Ltd
  • Umicore
  • Perkins Engines Company Limited
  • CDTi Advanced Materials, Inc.
  • Nett Technologies Inc.
  • Eberspächer
  • Continental AG

 

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“A notable trend in the global Diesel Engine Catalyst Market is the increasing emphasis on sustainable and green catalyst materials. Manufacturers are exploring alternatives to traditional materials, such as bio-based or recycled components, aligning with broader environmental sustainability goals. This trend reflects the industry's commitment to reducing the environmental footprint of diesel engines and enhancing the eco-friendliness of catalyst technologies. The adoption of sustainable catalyst materials contributes to the evolution of cleaner and more environmentally responsible diesel engine solutions on a global scale.,” said Mr. Karan Chichi, Research Director with TechSci Research, a research-based management consulting firm.

Diesel Engine Catalyst Market – Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Technology (Diesel Oxidation Catalysts (DOC), Diesel Particulate Filter (DPF), Selective Catalytic Reduction (SCR), Others), By Application (On-Road, Off-Road), By Sales Channel (OEM, Aftermarket), By Region, Competition, 2018-2028, has evaluated the future growth potential of Global Diesel Engine Catalyst Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Diesel Engine Catalyst Market.

 

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Relevant Reports

Diesel Engine Catalyst Market – Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Technology (Diesel Oxidation Catalysts (DOC), Diesel Particulate Filter (DPF), Selective Catalytic Reduction (SCR), Others), By Application (On-Road, Off-Road), By Sales Channel (OEM, Aftermarket), By Region, Competition 2018-2028

Automotive | Nov, 2023

Concern regarding the toxic waste, increased in the demand for diesel engines and supported government initiatives are the factors driving the Global Diesel Engine Catalyst Market in the forecast period 2024-2028.

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