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Automotive Exhaust Emission Control Device Market to touch US$ 100 Bn by 2026

08-03-2018 04:18 PM CET | IT, New Media & Software

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Automotive Exhaust Emission Control Device Market to touch US$

Exhaust emission control devices are installed in the exhaust pipes of vehicles in order to reduce the emission of hazardous pollutants such as carbon monoxide, hydrocarbons, and nitrogen oxides. Catalytic converters and particulate filters convert and trap the pollutants and reduce their effect on the environment.

As vehicular emissions continue to rise, globally, demand for emission control devices to mitigate the impact of vehicular emissions has increased considerably. Increasingly stringent emission standards, as proposed by government in different countries across the globe, are proliferating the growth of exhaust emission control device market. Augmented demand of vehicles in developing countries is anticipated to pave way for the market growth.

Adoption of Euro 6 and U.S 2010 emission norms in Europe and North America respectively have been posing a trigger factor amidst the automotive players compelling them to adhere to comply with the norms. Europe has set a CO2 emission target of 95 gm/km for passenger vehicles, down from the current 130 gm/km. The U.S and Japan have similar targets to achieve the 121 gm/km and 105 gm/km of CO2 emission, respectively, for passenger vehicles. Vehicles need to be incorporated with a series of emission control devices in order to comply with these regulations. This, in turn, is heightening the demand for emission control devices.

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Mexico is expected to adopt Euro 6 in 2021. The transition of Mexico standards from Euro IV to Euro V are likely to necessitate the usage of selective catalytic reduction (SCR) and lean NOx trap (LNT) in diesel vehicles. SCR & LNT are widely utilized in light duty and heavy duty vehicles in North America and Europe. SCR and LNT’s have also gained a significant market share in passenger vehicles. The transition of developing countries such as China, India, Mexico, and Brazil to Euro 6 equivalent standards is anticipated to fuel the emission control device market.

Increasing demand for fuel efficiency has led automakers to offer gasoline direct injection (GDI). GDI engines emit higher particulate matter, the gasoline particulate filter (GPF) used on these vehicles help reduce emission and meet Euro 6 emission standards. Demand for GPFs is anticipated to increase due to the high sales of gasoline passenger vehicles. Gasoline vehicles are estimated to employ a combination of three-way catalytic converter (TWC) and GPF in the near future in order to meet emission standards.

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The diesel particulate filter (DPF) utilized in diesel powered vehicles reduces particulate matters by up to 85%. DPFs are mandatory in North America and Europe and are employed in combination with diesel oxidation catalyst (DOC). North America and Europe also witness a significant number of LNTs being used along with DOCs and DPFs in order to curb nitrogen oxides.

Usage of high capacity engines and diesel fuel in commercial vehicles have led to the utilization of a combination of exhaust emission control devices. Increasing demand for commercial vehicles due to industrialization and improved trucking activity is estimated to fuel the demand for exhaust emission control devices. Increased demand of passenger vehicles owing to rise in disposable income is anticipated to boost the exhaust emission control device market.

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Asia Pacific is forecasted to lead the exhaust emission control device market during the forecast period followed by Europe. Latin America is also anticipated to witness a high growth due to transition into Euro 6 norms.

Key players operating in the global automotive emission control market include Johnson Matthey, Faurecia, Eberspacher Climate Control Systems GmbH & Co., KG, DENSO Corporation, Friedrich Boysen GmbH & Co. KG, Calsonic Kansei Corporation, Yutaka Giken Company Limited, Bosal, Katcon, CDTi Advanced Materials, Inc., Jetex Exhaust Ltd., SANGO Co., Ltd., Continental Emitech GmbH, Tenneco Inc., Albonair GmbH, IBIDEN Co., Ltd, and Corning Incorporated.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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