Diesel Engine Catalyst Market

Diesel engine catalysts are considered under the category of catalytic convertors designed primarily for diesel engines to reduce the harmful emission of substances, such as oxides of nitrogen (NOx), carbon monoxide (CO) and Hydrocarbons (HC). The diesel engine catalysts use different types of technologies including diesel oxidation catalysts (DOC), diesel particulate filters (DPF), and selective catalytic reduction (SCR). The growth of the diesel engine catalyst market is driven by various factors, such as Stringent Air Quality Regulations and Penalties Imposed on Automotive OEMs and the penalties imposed on automotive OEMs and demand for commercial vehicles. However, the market growth can be hindered due to increase in the number of battery electric vehicles (BEVs).

The global diesel engine catalyst market is expected to grow at about 7.36% CAGR during the forecast period and reach USD 10,156.8 million by 2025. In 2018, the market was led by Asia-Pacific, with a 46.51% share, followed by Europe and North America with shares of 27.12% and 19.85%, respectively.

The diesel engine catalyst market has been segmented based on technology, application, sales channel, and region. On the basis of technology, the diesel oxidation catalysts (DOC) segment dominated the market with a share of 40.44%, accounting for a value of USD 2,512.8 million in 2018; it is projected to grow at the CAGR of 7.48% during the forecast period. On the basis of application, the on-road segment dominated the market with a share of 58.51%, accounting for a value of USD 3,642.43 million in 2018; it is projected to grow at the highest CAGR of 8.17% during the forecast period. On the basis of sales channel, the OEM segment dominated the market with a share of 60.68%, accounting for a value of USD 3,777.6 million in 2018; it is projected to grow at the highest CAGR of 6.44% during the forecast period.