How much is the diesel engine catalyst market worth, and how is it expected to expand?
The diesel engine catalyst market size has grown strongly in recent years. It will grow from $32.88 billion in 2024 to $35.63 billion in 2025 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to rapid urbanization, industrial growth, expansion of the automotive industry, growth in global trade and transportation, and increasing consumer preference for environmentally friendly vehicles.
The diesel engine catalyst market size is expected to see strong growth in the next few years. It will grow to $48.44 billion in 2029 at a compound annual growth rate (CAGR) of 8.0%. 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.
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How has the diesel engine catalyst market evolved, and what factors have shaped its growth?
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.
What are the major segments of the diesel engine catalyst market?
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
Subsegments:
1) By Honeycomb Catalyst: Ceramic Honeycomb Catalyst, Metallic Honeycomb Catalyst
2) By Pellet Catalyst: Extruded Pellet Catalyst, Spherical Pellet Catalyst
3) By Monolith Catalyst: Metal Monolith Catalyst, Ceramic Monolith Catalyst
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Which companies dominate the diesel engine catalyst market?
Major companies operating in the diesel engine catalyst market are BASF SE, Continental AG, Cummins Inc., Faurecia SE, Johnson Matthey plc, Kubota Corporation, Tenneco Inc., Eberspacher Climate Control Systems, Umicore N.V., NGK Insulators Ltd., IBIDEN CO. LTD., Cataler Corporation, Bosal Nederland B.V., Perkins Engines Company Limited, Cormetech Inc., Nett Technologies Inc., Clean Diesel Technologies Advanced Materials Inc., DCL International Inc., CDTi Advanced Materials Inc., Haldor Topsoe Holding A/S, SANGO Co. Ltd
How will evolving trends contribute to the growth of the diesel engine catalyst market?
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.
What are the key regional dynamics of the diesel engine catalyst market, and which region leads in market share?
Asia-Pacific was the largest region in the diesel engine catalyst market in 2023. The regions covered in the diesel engine catalyst market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Diesel Engine Catalyst Market Report 2025 Offer?
The diesel engine catalyst market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A diesel engine catalyst (DEC) is a catalytic converter designed specifically for diesel engines to reduce emissions of carbon monoxide, hydrocarbons, and the organic fraction of diesel particulate matter. DECs efficiently convert these harmful gases and particulates into less-toxic carbon dioxide and water through catalytic oxidation reactions. DECs are a mature, widely used commercial technology for diesel engine emission control and are often used in combination with other aftertreatment devices such as diesel particulate filters and selective catalytic reduction systems.
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