Diesel Engine Catalyst Market Report 2024

The diesel engine catalyst market size has grown strongly in recent years. It will grow from $30.47 billion in 2023 to $32.88 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The increase in the historic period can be credited to swift urbanization, industrial expansion, the automotive industry's growth, global trade and transportation expansion, and the growing consumer preference for eco-friendly vehicles.

The diesel engine catalyst market size is expected to see strong growth in the next few years. It will grow to $44.86 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The rise in the forecast period can be attributed to stricter global emissions regulations, heightened awareness of air pollution, substantial investments in research and development, robust demand for commercial vehicles, and the increasing adoption of renewable diesel fuels. Key trends expected in the forecast period include advancements in technology, enhancements in catalyst technologies, the development of selective catalytic reduction (SCR), the adoption of after-treatment systems, and improvements in fuel efficiency standards.

The expansion of the commercial vehicle sector is anticipated to drive growth in the diesel engine catalyst market moving forward. Commercial vehicles encompass motor vehicles used for transporting goods or paying passengers, categorized by their gross vehicle weight rating (GVWR) or passenger capacity. Growth in this sector is spurred by economic expansion, heightened demand for freight transport fueled by e-commerce and infrastructure development, and the imperative to replace older trucks with more advanced, fuel-efficient models. Diesel engine catalysts in commercial vehicles mitigate emissions of pollutants such as NOx, CO, and particulate matter, ensuring compliance with stringent environmental regulations while enhancing fuel efficiency. For instance, in April 2024, new EU sales of commercial vans surged by 12.6% compared to the same period in 2023, reaching nearly 400,000 units. Similarly, commercial bus registrations rose by 23.3%, totaling 9,624 units. Consequently, the growth in the commercial vehicle sector is underpinning the expansion of the diesel engine catalyst market.

Key players in the diesel engine catalyst market are concentrating on advancing products such as NOx adsorbers to better cater to customer needs. NOx adsorbers, also known as lean NOx traps (LNTs), are emission control devices deployed in internal combustion engines to curtail nitrogen oxide (NOx) emissions. For example, in June 2024, Veneporte, S.A., a Portugal-based auto parts manufacturer, launched new lean NOx trap products renowned for their effectiveness in significantly reducing harmful emissions from diesel engines. This release underscores Veneporte's commitment to innovation and sustainability, providing customers with state-of-the-art technologies for a cleaner future and delivering fresh emission control solutions to the market.

In February 2024, Hensel Recycling GmbH, a Germany-based leader in precious metals recycling, acquired Red Fox Resources to optimize logistics, thereby accelerating service delivery, lowering shipping costs, and reducing carbon emissions. Red Fox Resources, a US-based provider of diesel engine catalysts, was the target of this undisclosed acquisition, aimed at strengthening Hensel Recycling's operational efficiency and environmental footprint.

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.

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.

The countries covered in the diesel engine catalyst market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A diesel engine catalyst (DEC) is a specialized catalytic converter designed for diesel engines to reduce emissions of carbon monoxide, hydrocarbons, and the organic fraction of diesel particulate matter. These catalysts effectively convert these harmful substances into less toxic carbon dioxide and water through catalytic oxidation reactions. DECs are well-established and widely implemented in commercial practice for controlling diesel engine emissions, often integrated with other after-treatment devices such as diesel particulate filters and selective catalytic reduction systems.

The primary types of diesel engine catalysts include honeycomb catalysts, pellet catalysts, and monolith catalysts. A honeycomb catalyst features a ceramic structure with a network of parallel channels that maximize surface area for catalytic reactions. Materials such as platinum, palladium, and rhodium are commonly utilized in technologies such as diesel oxidation catalysts (DOC), diesel particulate filters (DPF), selective catalytic reduction (SCR), among others. These catalysts are applied across various vehicle types including passenger cars, light commercial vehicles, and heavy commercial vehicles, serving both on-road and off-road applications.

The diesel engine catalyst market research report is one of a series of new reports that provides diesel engine catalyst market statistics, including diesel engine catalyst industry global market size, regional shares, competitors with a diesel engine catalyst market share, detailed diesel engine catalyst market segments, market trends and opportunities, and any further data you may need to thrive in the diesel engine catalyst industry. This diesel engine catalyst market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The diesel engine catalyst market consists of sales of ammonia slip catalysts (ASC), lean NOx catalysts (LNC), catalyzed soot filters (CSF), methane catalysts, and three-way catalysts (TWC). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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