Press release
Global Diesel Engine Catalyst Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Diesel Engine Catalyst
What Is the Diesel Engine Catalyst Market Size and Projected Growth Rate?
The diesel engine catalyst market has expanded 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 is driven by rapid urbanization, industrial growth, the expansion of the automotive industry, increased global trade and transportation, and a growing consumer preference for environmentally friendly vehicles.
The diesel engine catalyst market will grow to $48.44 billion by 2029, at a CAGR of 8.0%. Factors contributing to this growth include stricter emissions regulations, rising awareness of air pollution, increased R&D investment, and high demand for commercial vehicles. Key trends include improvements in catalyst technologies, selective catalytic reduction (SCR) development, after-treatment system implementation, and better fuel efficiency standards.
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What Are the Major Segments in 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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What Are The Driving Diesel Engine Catalyst Market Evolution?
The expansion of the commercial vehicle sector is expected to fuel the diesel engine catalyst market. The demand for commercial vehicles is growing due to economic expansion, infrastructure development, and the need for modern, fuel-efficient models. Diesel engine catalysts help reduce harmful emissions in commercial vehicles. According to the European Automobile Manufacturers Association, new EU commercial van sales increased by 12.6% in early 2024, signaling growth in the diesel engine catalyst market.
Which Firms Dominate The Diesel Engine Catalyst Market Segments?
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
What Are the Latest Developing Trends in the Diesel Engine Catalyst Market?
Companies in the diesel engine catalyst market are developing advanced products like NOx adsorbers to improve emissions control. For example, in June 2024, Veneporte, S.A., a Portugal-based company, released new lean NOx trap products designed to reduce harmful emissions from diesel engines, contributing to cleaner air and sustainability.
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Which Is The Largest Region In The Diesel Engine Catalyst Market?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Diesel Engine Catalyst Market?
2. What is the CAGR expected in the Diesel Engine Catalyst Market?
3. What Are the Key Innovations Transforming the Diesel Engine Catalyst Industry?
4. Which Region Is Leading the Diesel Engine Catalyst Market?
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