Diesel Oxidation Catalysts Market

Diesel Oxidation Catalysts Market Outlook

The global market for Diesel Oxidation Catalysts, which was anticipated to be worth US$ 1.4 Bn in 2022, is expected to rise to US$ 2.8 Bn by 2032, at a CAGR of 2.9% throughout the analysed period.

Attribute	Details
Diesel Oxidation Catalysts Market Size (2021A)	US$ 1.4 Bn
Market Forecast Value (2032F)	US$ 2.8 Bn
Global Market Growth Rate (2022-2032)	2.9% CAGR
U.S. Market Share	~32.3%
Top 2 Diesel Oxidation Catalysts Manufacturers’ Market Share	~52.2%
Key Companies Profiled	BASF SE Umicore S.A Corning Incorporated Bosal International N.V. Johnson Matthey PLC Cataler Corp DLC International

Emission control catalysts are used to cut back the amounts of different pollutants, such as diesel, gasoline, natural gas, and alternative fuel, from engine exhaust. Aspects of the environment are being restricted across numerous nations by stringent new rules and regulations worth mentioning that exhaust from fossil fueled cars, particularly heavy-duty diesel engine cars.

Despite the fact that diesel engines are some of the worst contributors to air pollution, different companies are working hard to reduce diesel polluter emissions while maintaining the benefits of diesel engines.

Diesel Oxidation Catalysts Consumption Analysis (2017-2021) Vs. Market Outlook (2022-2032)

As per latest industry analysis by Fact.MR, a market research and competitive intelligence provider, global Diesel Oxidation Catalysts consumption over the past half-decade increased at a CAGR of around 3.1%. The heavy-duty diesel catalyst market was valued at roughly US$ 1.1 Bn in 2017, and it is expected to grow at a rate of around 2.8% from 2022 to 2032.

Diesel engines get more miles per gallon than gasoline/petrol engines, making them more cost-effective to operate. As a consequence, diesel-powered engines are used to transport larger quantities of goods or people. When utilized in combination with the engine, the catalyst is expected to fulfil fixed pollutant emission requirements.

The worldwide adoption of stringent rules and regulations governing pollutant emissions, as well as the rising use of vehicles powered by diesel engines, are propelling the global heavy-duty diesel catalysts market.

Furthermore, electric vehicles (EVs) powered by batteries are becoming increasingly common as technology advances. The constraint, however, is pertinent to the passenger car sector that uses diesel engines, however it also poses barriers regarding the use of diesel engines in the future. These fundamental issues are limiting the global market for heavy-duty diesel catalysts.

What is driving the Global Market for Heavy-Duty Diesel Catalysts?

Environmental catalyst firms are shifting their focus away from the North America and Europe and started to focus onto lucrative Asian countries, bolstered by increasing number of vehicle in Asian nations such as China, India, and Thailand. As automotive vehicle sales continue to expand at a steady rate, the heavy-duty Diesel Catalysts market is slated to witness significant growth.

As the Chinese government is enforcing strict pollution laws and establishing Level IV EU emission standards, the automobile catalysts market is anticipated to offer attractive opportunities for both foreign and domestic entities in the industry. Along with China, India, Singapore, Malaysia, Thailand, Indonesia, and South Korea are pursuing Euro IV and Euro V emission regulations to minimize automobile pollution in their respective countries.

What are the Key Challenges Faced by Diesel Oxidation Catalysts Producers?

Heavy-duty diesel catalyst manufacturers usually face issues as a result of the high cost of manufacturing. Furthermore, a few drawbacks of Heavy-duty diesel catalysts make end-user adoption difficult, such as the fact that their production cycle generates hazardous substances and has an environmental impact.

The polymers used in stain-resistant coatings are usually non-biodegradable, causing environmental problems. The overall advantages of Heavy-duty diesel catalysts in a range of applications, however, exceed the small limitations.

Also, after the string China V activity reduced the heavy-duty diesel catalyst production for some of the players, including Umicore.

Country Wise Analysis

Diesel Oxidation Catalysts market regional insights?

The global heavy-duty diesel catalysts market in the United States is estimated at US$ 470.5 Mn in 2021, accounting for 32.3% of the global market.

In order to limit air pollution, North America and Europe have set high-quality emission regulations. As a result, the heavy-duty diesel catalyst market is projected to be dominated by these regions in the coming years also.

Besides, the market in Asia Pacific is expected to witness fastest growth in the coming decade. In addition, the emerging economies of China and India are expected to witness a rise in trade. As the population in these economies continue to develop, it is projected that the demand for vehicles for transportation and other uses would increase.

In comparison to gasoline, diesel engines are more cost-effective. As a consequence, it is anticipated that the demand for diesel engines would expand. These significant qualities indicate that the worldwide market for heavy-duty diesel catalysts has significant potential.

Category Wise Analysis

Which Diesel Oxidation Catalysts is the Most Popular?

In 2032, palladium-based catalysts are expected to account for the largest market share of 21%. This category's demand is being spurred by factors such as its extensive usage in gasoline/petrol and diesel engines.

Which application of Heavy-duty diesel market generates the most revenue?

According to Fact.MR, the automotive sector will have the largest market share in 2021, accounting for 22% of total market revenue. In this category, demand is increasing as the need for car catalytic converters as an emission control medium grows.

Competition Landscape

In order to withhold competition, the key market players in Diesel Oxidation Catalystss market are emphasising on enhancing the quality of their products.

BASF SE, Umicore S.A., Corning Incorporated, and Bosal International N.V. are among the companies involved. Manufacturers such as Johnson Matthey PLC, Cataler Corp, and DLC International are also involved in the production of automobile catalysts.

• In April 2022, The Southwest Research Institute showcased its CAT-DEF technology at the WCX World Congress Experience in Detroit. The SAF-funded research solution dramatically reduced NOx emissions in heavy-duty diesel engines to meet the mandated California Air Resources Board (CARB) standards for future standards.
• In December 2021, BASF announced its intention to establish an entity under the name BASF Automotive Catalysts and Recycling, which will be engaged in mobile emission catalysts, automotive catalysts recycling, and associated precious metal services.

Key Segments Covered in Diesel Oxidation Catalysts Industry Survey

• Diesel Oxidation Catalysts Market by Type :

  • Hydrocarbons (HC)
  • Carbon Monoxide (CO)
  • Oxides of Nitrogen (NOx)
  • Particulate Matter (PM)

• Diesel Oxidation Catalysts Market by Application :

  • OEMs
  • Aftermarket
  • Others

• Diesel Oxidation Catalysts Market by Region :

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America