Global Diesel Engine Catalyst Market to witness a disruption caused by COVID 19 | Industry Major Players are Johnson Matthey (UK), BASF SE (Germany), SANGO Co., Ltd (Japan), Umicore N.V. (Belgium), Perkins Engines Company Limited (UK), Nett Technologies

Market Overview

According to MRFR, the Global Diesel Engine Catalyst Market 2020 in terms of value is projected to register 7.36% CAGR over the forecast period.

Market Highlights

A big driver for the demand for diesel oxidation catalysts is the introduction of strict and challenging emission regulations around the world. Another reason for the diesel-oxidation catalyst market is expanded use of diesel vehicles. A diesel engine offers more mileage than a gasoline engine, and is thus cost-effective. Thus the vehicles are operated on diesel engines for large-scale transport of goods or people. The Diesel oxidation catalyst fitted with these vehicles' engines is estimated to help achieve the set emission standards. The rising trend of battery electric vehicles ( BEVs) is a key restraint for the diesel oxidation catalyst market. However, the restraint is applicable to passenger diesel car segment, which contributes a significant share to diesel engine usage.

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Market Segmentation

The global catalyst market for diesel engines is segmented based on equipment, use, and channel of sales. The global diesel engine catalyst market is segmented into diesel particulate filters (DPFs), diesel oxidation catalysts (DOCs), selective catalytic reduction (SCRs), and others dependent on technology. The category Diesel Oxidation Catalysts (DOC) held the largest market share in 2018, as this segment saw significant growth.
The global demand for diesel engine catalysts is segmented into on-road and off-road, depending on use. The on-road segment should have the maximum market share.

The general demand for diesel engine catalysts is segmented as OEM and aftermarket, depending on the distribution channel. The OEM segment is anticipated to have the highest market share, as major car manufacturers are trying to reach minimum pollution thresholds in accordance with the latest and upcoming emission requirements for vehicles worldwide.

Regional Overview

The global market for diesel engine catalysts is segmented by region into North America , Europe, Asia-Pacific (APAC), and the rest of the world.
Due to the presence of leading global diesel engine catalyst manufacturers such as Continental AG, SANGO Co., Ltd, Eberspächer and Umicore N.V., Asia-Pacific is expected to be the dominant region on the diesel engine catalyst market . These companies offer low-cost and technologically advanced diesel engine catalysts to increase their market share, which contributes to the increases. In addition, the Asia-Pacific automotive industry is rising at a rapid pace due to increased vehicle sales and manufacturing in developing countries , such as China and India. Increased automotive sales in the area can be attributed to factors such as rapid infrastructure growth, increased per capita income, FDI enhancement initiatives and low cost of production. The Government's constant efforts to reduce gas emissions are expected to fuel market demand for the diesel engine catalyst over the forecast period.

Europe had the second-largest market value in the global diesel engine catalyst market in 2018. Europe 's growing transport industry has forced the region's governments to set goals for reducing emissions and set sustainability standards for pollution control. This is expected to affect the catalyst specifications of diesel engines within Europe. In addition, manufacturers invest in the production of diesel engine catalysts which comply with the standards and specifications set by the governing bodies. The involvement of major car makers, stringent government pollution control regulations and growing investments in the production of diesel engine catalysts are expected to raise Europe's share of the global market during the forecast period.

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Competitive Dashboard

The major players of the global diesel engine catalyst market are Magneti Marelli S.p.A. (Italy), Johnson Matthey (UK), BASF SE (Germany), SANGO Co., Ltd (Japan), Umicore N.V. (Belgium), Perkins Engines Company Limited (UK), Nett Technologies Inc. (Canada), CDTi Advanced Materials, Inc. (US), Eberspächer (Germany), and Continental AG (Germany).

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