Heavy Duty Diesel (HDD) Catalysts

Global Market Trajectory & Analytics

MCP-6788

EXECUTIVE ENGAGEMENTS

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2736
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82
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DATE

APR 2021

TABLES

32

PAGES

292

EDITION

17

PRICE

USD $5600


  

HIGHLIGHTS

The global market for Heavy Duty Diesel (HDD) Catalysts is expected to slump by -16.9% in the year 2020 and thereafter recover to reach US$1.7 billion by the year 2027, trailing a post COVID-19 CAGR of 2.9% over the analysis period 2020 through 2027. With Over US$518 billion in losses, the logistics industry has been one of the worst impacted by the COVID-19 crisis. Logistic companies are suffering financial losses due to transport & trade restrictions. With global economy slumping at -3%, recovery in trade & commerce is slower making for a longer & tougher road to recovery. Fleet downsizing & cancellation of fleet expansion plans is impacting demand for commercial vehicles. The scenario is expected to result in revenue losses for Heavy Duty Diesel (HDD) Catalysts which are used in heavy diesel engines for emission control. 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 off-road equipment such as construction machines. For operating heavy duty buses and trucks, diesel engines are preferred over other internal combustion engines due to their higher torque output, high fuel economy, and reliability. Moreover, diesel engines are extremely durable, inexpensive to operate, and easy to repair. The interest in diesel engines, especially the heavy-duty engines, has grown substantially over the decades in line with sustained growth in the global transport markets, and rapid rise in freight consignment volumes and commuter numbers. 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.


Emission control catalysts help in eliminating harmful engine pollutants from a wide range of fuels, such as diesel, gasoline, natural gas, and alternate fuels. Platinum, Palladium and Rhodium are widely used in emission catalysts for different light trucks and automobiles. Each catalyst contains PGM in varying proportions depending on the size of the engine in each vehicle, normal operating temperature of the engine and the catalyst manufacturer. Various governments across the globe are establishing stringent environmental standards to regulate emissions from fossil fuel vehicles including heavy duty diesel engines. Given that diesel engines are among the worst in terms of emissions, strong focus is shed on developing cost-effective emissions control technologies that would facilitate in reduction of air pollution of diesel engines without compromising on the inherent advantages of diesel engines. Considering the negative implications of diesel exhaust emissions on environment and human health, governments across the world have formulated stringent regulations to reduce and contain the Greenhouse 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 will continue to gain precedence in the post pandemic period. Asia-Pacific has emerged as the largest producer and also the consumer of heavy-duty diesel engines and is therefore a major consumer of 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).China accounts for a large proportion of Asia-Pacific's production and consumption, thus emerging as the hub of diesel engine market in the world. Improvements in diesel technology are expected to facilitate in improving emission standards as well as minimizing noise levels. There are various catalytic technologies that are continuously being introduced in the market, each attempting to reduce the emission levels. Irrespective of which technology would play a dominating role in near future, two trends that clearly stand out are that emissions from heavy duty diesel vehicles are bound to reduce over a certain period of time and platinum group metals will play a pivotal role in achieving this task. Heavy duty diesel market is already gaining significance in the platinum industry and platinum group metals in the post pandemic period will influence growth in the development and further improvement of existing and future diesel emission control technologies.

SELECT PLAYERS

BASF SE; Clariant; Clean Diesel Technologies, Inc. (CDTi); Johnson Matthey plc; N.E. Chemcat Corporation; Umicore N.V.

SEGMENTS

» Segment (Heavy Duty Diesel (HDD) Catalysts)

GEOGRAPHIES

» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Spain » Russia » Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of COVID-19 Pandemic and Looming Economic Recession
EXHIBIT: HDD Catalysts Demand Impacted by COVID-19 Related Decline in Heavy-Duty Trucks Market: % Growth in Unit Sales of Heavy-Duty Trucks by Region for 2020 Vs 2019
EXHIBIT: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
Pandemic Crisis Weakens Economic Environment, Triggering Negative Tide in GDP
An Introduction to Emission Control Catalysts
Technologies to Curb Particulate Materials
Technologies to Curb Oxides of Nitrogen
Heavy Duty Diesel (HDD) Catalysts: A Prelude
Asia-Pacific Leads the Global HDD Catalysts Market
Heavy Duty Diesel Engine: Technology Evolution Aids in Reducing Emissions
Design and Functional Attributes Make Diesel Engine Prone to Exhaust Emissions
A Glance at Major Pollutants in Diesel Engine Exhaust Emissions
Tightening Regulatory Landscape Builds Robust Platform for Wider Proliferation of HDD Catalysts
Regulatory Scenario in Major Geographic Regions
Emission Norms for Heavy Duty Vehicles: Implementation Timeline in Key Regional Markets
Competition
EXHIBIT: Heavy Duty Diesel (HDD) Catalysts Competitor Market Share Scenario Worldwide (in %): 2019
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Toxic Effects of Diesel Engine Emissions on Human Health
Heavy Commercial Vehicles Market: A Key Indicator of Growth
EXHIBIT: World Commercial Vehicle Market Breakdown of Production Volume (in %) by Region for 2010, 2015 & 2019
EXHIBIT: Global Commercial Vehicles Sales (in Millions) for the Years 2010-2019
HDD Catalysts Present Considerable Opportunities for the Emission Control Catalysts Market
Pivotal Role of Trucks in Road Transport & Increased Need to Curb Truck Exhaust Pollution Spur Market Growth
Municipal Authorities Prioritize HDD Catalysts in Trucking Fleet
Despite Threat from CNG Buses, Diesel Engine-Powered Transit Buses Remain Lucrative for HDD Catalysts Market
EXHIBIT: With Diesel Powered Buses Expected to Remain the Prominent Bus Types Globally, HDD Catalysts Market Poised to Benefit: Global Bus Sales Breakdown (in %) by Fuel Type: 2017 & 2022
Mechanization of Agricultural Activities and Rise in Use of Diesel-Powered Agricultural Machinery Augurs Well for the Market
EXHIBIT: Percentage of Mechanization in Agriculture in Select Countries
Long-term Prospects for Infrastructure Projects to Fuel Demand for Construction Machinery, Presenting Growth Opportunities for HDD Catalysts Market
EXHIBIT: Global Construction Equipment Market Size (in US$ Billion) for the Years 2019, 2023 and 2027
COVID-19 Dents Prospects in Construction Industry, Impacting Sales of Construction Equipment
EXHIBIT: Global Construction Spending (In US$ Trillion) for 2019, 2020 & 2021
EXHIBIT: Projected Infrastructure Investment Needed (in US$ Trillion) by Region Over the Period 2016-2040
Diesel Oxidation Catalyst (DOC): The Widely Used HDD Catalyst
Diesel Particulate Filters Find Prominence in Controlling Particulates
SCR Emerges as a Prolific Tool for NOx Reduction
Aftermarket Segment Offers Opportunities for HDD Catalysts Market
PGMs: Vital Components in Manufacture of HDD Catalysts
EXHIBIT: Global Emission Control Catalysts Market by Metal Type (in %): 2019
EXHIBIT: Global Platinum Market by Application (in %) for 2019
EXHIBIT: Global Platinum Demand Breakdown (in %) by Automotive Sector: 2019
EXHIBIT: Global Rhodium Consumption Breakdown by Application (in %): 2019
Palladium Rapidly Gaining Ground over Platinum
Manufacturers Prioritize Thrifting Approach for Reducing the Cost Impact of PGMs
EXHIBIT: Pre-Thrifting Vs. Post-Thrifting Cost Structure: A Statistical Comparison
Growing Use of Natural Gas in Heavy Vehicles to Dent Prospects for HDD Vehicles, Affect Demand for HDD Catalysts
Shift towards Electric Vehicles Presents a Threat to HDD Catalysts Market
EXHIBIT: EV Share of Vehicle Sales: Electric Vehicles as % of Total Sales by Segment for 2019, 2030 and 2040
4. GLOBAL MARKET PERSPECTIVE
World Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Heavy Duty Diesel (HDD) Catalysts by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
World 12-Year Perspective for Heavy Duty Diesel (HDD) Catalysts by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2015, 2020 & 2027
UNITED STATES
Market Overview
Tightening Emission Norms Accelerate Market Expansion
EXHIBIT: US EPA Heavy Duty Diesel Vehicle Emission Standards
Key Role of Trucking in Inland Transportation Augurs Well for HDD Catalysts Market
EXHIBIT: US Inland Freight Transport Market Breakdown of Volume Shipments (in %) by Mode of Transport for 2019
HDD Catalysts Gain Precedence in Non-Road Applications
SCR Catalysts Demonstrate High Growth During EPA10 Regime
USA Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
USA Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
CANADA
Emission Standards in Canada
Canada Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Canada Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
JAPAN
Overview of Emission Norms in Japan
Japan Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Japan Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
CHINA
Market Overview
Tightening Vehicle Emission Standards Offer Growth Opportunities
China Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
China Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
EUROPE
Market Overview
EXHIBIT: Europe Inland Freight Transport Market Breakdown of Volume Shipments by Mode of Transportation: 2019
Regulatory Standards Propel Catalyst Market
As a Major Market for Commercial Vehicles, Europe Presents Opportunity for HDD Catalysts
EXHIBIT: COVID-19 Dents CV Sales in Europe: New Commercial Vehicle Registrations in the EU for June 2020 Vs June 2019
EXHIBIT: EU Commercial Vehicle Production Breakdown (in %) by Segment for 2015 & 2019
EXHIBIT: EU Commercial Vehicles Market: Medium and Heavy Commercial Vehicle Production in Thousand Units for Select Countries (2019)
EXHIBIT: Average Age of Heavy Commercial Vehicle Fleet in the EU: 2019
Heavy Duty Vehicles Emission Norms
Europe Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Europe Historic Review for Heavy Duty Diesel (HDD) Catalysts by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
Europe 12-Year Perspective for Heavy Duty Diesel (HDD) Catalysts by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2015, 2020 & 2027
FRANCE
France Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
France Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
GERMANY
Germany Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Germany Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
ITALY
Italy Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Italy Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
UNITED KINGDOM
UK Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
UK Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
SPAIN
Spain Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Spain Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
RUSSIA
Russia Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Russia Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
REST OF EUROPE
Rest of Europe Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of Europe Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
ASIA-PACIFIC
India
South Korea
Asia-Pacific Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Asia-Pacific Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
REST OF WORLD
Brazil
Rest of World Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of World Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
Total Companies Profiled: 40

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