Overview The Global Diesel Engine Catalyst Market is expected to gain an unprecedented value of USD 10,156.8 Million by 2025 with a CAGR of 7.36% during the forecast period (2019–2025). The report covers segmentation and the market dynamics for a better glimpse of the market in the coming years. 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 nitrogen oxide (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).
Regional Analysis On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is anticipated to lead the diesel engine catalyst market during the forecast period, followed by Europe. Asia-Pacific is expected to witness an excellent growth in the diesel engine catalyst market, owing to the new emission standards regulated by the government. Increased sales of automobiles in the region can be attributed to factors such as rapid infrastructure development, growing per capita income, initiatives to improve the FDI, and low production costs. The low labor cost and favorable government guidelines are the major factors that are expected to fuel the growth of the market. The constant efforts taken by the government to reduce the vehicle emission are expected to fuel the market demand for diesel engine catalysts during the forecast period. The Global Diesel Engine Catalyst Market is expected to reach USD 10,156.8 million at a CAGR of over 7.36% by the end of the forecast period.
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https://www.marketresearchfuture.com/checkout?currency=one_userUSD&report_id=8320 Segmental Analysis The global diesel engine catalyst market trend is segmented based on technology, application, and sales channel. On the basis of technology, the global diesel engine catalyst market is segmented into into diesel oxidation catalysts (DOC), diesel particulate filters (DPF), selective catalytic reduction (SCR), and others. The diesel oxidation catalysts (DOC) segment is expected to dominate the market, owing to easy to installation and low maintenance. Advanced versions of a DOC eliminate the need for mufflers and optimizes the concentrations of NO and NO2 in the exhaust stream, and when combined with SCR, it offers efficient and reduced diesel exhaust fluid (DEF) consumption requirements. The diesel oxidation catalysts (DOC) segment accounted for the larger market share of 40.4% in 2018, with a market value of USD 2,512.8 million; it is expected to register a CAGR of 7.48% during the forecast period. The diesel particulate filters (DPF) segment was valued at USD 1,745.3 million; it is projected to register the higher CAGR of 5.63%. On the basis of application, the global diesel engine catalyst market is segmented into on-road and off-road. In 2018, the on-road segment held the largest market share of 58.5% in 2018, with a market value of USD 3,642.4 million. This value is projected to reach USD 6,269.2 million by 2025. This segment is expected to grow with the highest CAGR of 8.17% during the forecast period.