The Global Heavy Duty Diesel (HDD) Catalysts Market is Projected to Reach US$2.5 Billion by 2024

Stringent Emissions Norms Drives the Global Heavy Duty Diesel (HDD) Catalysts Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Heavy Duty Diesel (HDD) Catalysts market. The global Heavy Duty Diesel (HDD) Catalysts market is projected to reach US$2.5 billion by 2024, driven by stringent vehicular emission norms, and increasing commercial vehicular production.

Diesel engines are known for their high efficiency, reliability, durability, and low-cost operation, which make them most preferred engine type in automotive vehicles including passenger cars, trucks, buses and non-road equipment such as construction machines. Offering unmatched levels of efficiency in land transport operations, trucks equipped with heavy duty diesel engines have become a mainstay in the domestic economy of many nations, connecting production, import, export and wholesale and retail markets in the nation or a region. Similarly, heavy duty buses are performing the important role of carrying general, business, commercial, and leisure commuters to and fro from origin points to their respective destinations, in urban, sub-urban and rural locations.

However, diesel engines, whose efficiency in delivering performance and costs benefits remains unperturbed in on-road and off-road applications, associate themselves with certain major drawbacks relating to environmental pollution. Diesel engine emissions typically contain pollutants such as carbon monoxide (CO), hydrocarbons (HC), particulate matter (PM) and nitrogen oxides (NOx). Being a widely used automotive engine type, in on-road as well as non-road applications, diesel engines are acknowledged as one of the primary contributors to environmental pollution globally.

Considering the negative impact of diesel exhaust emissions on environment and human health, governments across the world have formulated stringent regulations to reduce and contain the Green House Gas (GHG) emissions releasing from diesel engines. Such regulations on use of heavy duty diesel engines are prominent in regions such as the United States and Europe, which have launched successive regulatory legislations to monitor and supervise the diesel engine performance over the past few decades. The regulatory norms formulated by the US and European agencies are being followed, either in their original form or in a localized format, by several other countries including India, China, Brazil, and Japan among others.

The stringent regulatory scenario has created a fertile ground for the proliferation of innovative heavy duty diesel (HDD) catalysts, the catalytic systems specifically designed to convert toxic substances present in diesel engine exhaust into non-toxic and less harmful substances through chemical reaction. With regulatory legislations becoming harsher with every successive amendment, the importance of HDD catalysts is gaining precedence day-by-day. Against this backdrop, HDD catalysts such as Diesel oxidation catalyst (DOC), diesel particulate filter (DPF), selective catalytic reduction (SCR), Exhaust Gas Recirculation (EGR), Lean NOx Catalysts (LNC), and Lean NOx Traps (LNT) are increasingly being equipped in the OEM/factory-built vehicles and machinery and are also being widely marketed in the aftermarket.

As stated by the new market research report on Heavy Duty Diesel (HDD) Catalysts, the United States represents the largest market worldwide, closely followed by Europe. Asia-Pacific region, comprising of fast growing markets such as China and India, is forecast to witness the fastest growth among all regions, with a CAGR of 12.3% over the analysis period. Adoption of advanced vehicular emission norms and high growth of medium and heavy commercial vehicles in these countries is expected to drive the prospects of Heavy Duty Diesel (HDD) Catalysts.

Leading players in the market include BASF SE, Clariant, Clean Diesel Technologies, Inc. (CDTi), Johnson Matthey plc, N.E. Chemcat Corporation, and Umicore N.V. among others.

The research report titled "Heavy Duty Diesel (HDD) Catalysts: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, regulations, innovations and launches, and strategic industry activities of major companies worldwide. The report provides market estimates and projections in units for Heavy Duty Diesel (HDD) Catalysts for on-road vehicles in all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), and Rest of World.

For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
To connect with us, visit our LinkedIn page.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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