Diesel Engine Catalyst Market Growth to be Driven by Emerging Trends | $46.46 Billion by 2029

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What is the Projected Market Size of the Diesel Engine Catalyst Industry?
Recent years have witnessed a substantial expansion in the diesel engine catalyst market, with projections suggesting an escalation from $32.88 billion in 2024 to $35.17 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.9%. Factors such as swift urbanization, industrial development, automotive industry enlargement, significant acceleration in global trade and transportation, as well as growing consumer inclination towards eco-friendly vehicles, have contributed to this growth in the historical period.

What Will Be the Size of the Diesel Engine Catalyst Market by 2029?
In the following years, a robust growth is anticipated in the diesel engine catalyst market. The market is predicted to expand to $46.46 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 7.2%. Several factors contribute to this growth in the forecasted period including stringent emission standards across the globe, heightened understanding of air pollution impacts, considerable R&D investments, the increased demand for commercial vehicles and the escalating use of renewable diesel fuels. Additionally, the forecast period is supposed to witness several trends such as advancements in technology, enhancement in catalyst technologies, the invention of selective catalytic reduction (SCR), adoption of after-treatment systems, and improvements in fuel efficiency standards.

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What Are the Key Drivers Accelerating Growth in the Diesel Engine Catalyst Market?
The uptick in the commercial vehicle sector is projected to spur the development of the diesel engine catalyst market. Commercial vehicles, defined as motor vehicles utilised for the transportation of goods or fare-paying passengers, are usually categorised based on their gross vehicle weight rating (GVWR) or passenger capacity. Economic expansion, the burgeoning necessity for freight transportation influenced by e-commerce and infrastructural advancements, and the obligation to substitute older trucks with newer, fuel-efficient and technologically advanced models are factors contributing to the growth of the commercial vehicle sector. Diesel engine catalysts implemented in commercial vehicles mitigate the emission of pollutants like NOx, CO, and particulate matter; they ensure adherence to rigorous environmental standards while augmenting fuel efficiency. For example, the European Automobile Manufacturers Association (ACEA), the automobile industry's lobbying and standards group, recorded in April 2024 that new EU commercial van sales in the first quarter of 2024 saw a 12.6% increase, with close to 400,000 units, compared to the first quarter of 2023. Commercial bus sales also experienced a positive shock at the beginning of the year, with new EU registrations skyrocketing by 23.3% compared to the first quarter of 2023, amounting to 9,624 units. Thus, the surge in the commercial vehicle sector is fuelling the development of the diesel engine catalyst market.

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How Is the Diesel Engine Catalyst Market Segmented by Type, Application, and Region?
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

What Are the Key Trends Driving Growth in the Diesel Engine Catalyst Market?
Major firms in the diesel engine catalyst sector are concentrating on creating cutting-edge products such as NOx adsorbers to enhance service delivery to their clientele. NOx adsorbers, also referenced as NOx traps or lean NOx traps (LNTs), are innovative emission control devices utilized in internal combustion engines to curtail nitrogen oxide (NOx) emissions. For example, in June 2024, Veneporte, S.A., an auto parts manufacturing enterprise based in Portugal, introduced new lean NOx trap products to the market. This state-of-the-art exhaust gas cleansing system is among the most advanced in the industry, primarily aimed at significantly diminishing the harmful emissions produced by diesel engines. This product launch reinforces Veneporte's dedication to creativity and sustainable practices, equipping their customers with the latest technologies for a greener future while simultaneously focusing on introducing new emission control solutions to the market.

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Who Are the Leading Companies Driving Growth in 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

Which Is the Leading Region in the Global Diesel Engine Catalyst Market?
Asia-Pacific was the largest region in the diesel engine catalyst market in 2024. The regions covered in the diesel engine catalyst market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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