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Heavy Duty Diesel (HDD) Catalysts - Global Strategic Business Report

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    Report

  • 292 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1882086

Global Heavy Duty Diesel (HDD) Catalysts Market to Reach $2 Billion by 2030

The global market for Heavy Duty Diesel (HDD) Catalysts estimated at US$1.5 Billion in the year 2023, is projected to reach a revised size of US$2 Billion by 2030, growing at a CAGR of 3.7% over the analysis period 2023-2030.

The U.S. Market is Estimated at $480.6 Million, While China is Forecast to Grow at 5.3% CAGR

The Heavy Duty Diesel (HDD) Catalysts market in the U.S. is estimated at US$480.6 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$389 Million by the year 2030 trailing a CAGR of 5.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 2.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.

Exciting New Report Features

  • Full access to influencer engagement stats
  • Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

Select Competitors (Total 40 Featured)

  • BASF SE
  • Clariant AG
  • Enerburn, Inc.
  • Ibiden Co., Ltd.
  • Honeywell UOP
  • Johnson Matthey PLC
  • Clean Diesel Technologies
  • N.E. Chemcat Corporation
  • Shell Plc
  • Umicore NV

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • 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
  • Recent Market Activity
  • Heavy Duty Diesel (HDD) Catalysts - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
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
  • World Commercial Vehicle Market Breakdown of Production Volume (in %) by Region for 2010, 2015 & 2023
  • Global Commercial Vehicles Sales (in Millions) for the Years 2010-2023
  • 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
  • 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
  • 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
  • Global Construction Equipment Market Size (in US$ Billion) for the Years 2019, 2023 and 2027
  • 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
  • Global Emission Control Catalysts Market by Metal Type (in %): 2023
  • Global Platinum Market by Application (in %) for 2023
  • Global Platinum Demand Breakdown (in %) by Automotive Sector: 2023
  • Global Rhodium Consumption Breakdown by Application (in %): 2023
  • Palladium Rapidly Gaining Ground over Platinum
  • Manufacturers Prioritize Thrifting Approach for Reducing the Cost Impact of PGMs
  • 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
  • EV Share of Vehicle Sales: Electric Vehicles as % of Total Sales by Segment for 2019, 2030 and 2040
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, 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 Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 2: 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 Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
  • Table 3: World 15-Year Perspective for Heavy Duty Diesel (HDD) Catalysts by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2015, 2024 & 2030
  • Table 4: World Heavy Duty Diesel (HDD) Catalysts Market Analysis of Annual Sales in US$ Thousand for Years 2015 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Heavy Duty Diesel (HDD) Catalysts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Market Overview
  • Tightening Emission Norms Accelerate Market Expansion
  • US EPA Heavy Duty Diesel Vehicle Emission Standards
  • Key Role of Trucking in Inland Transportation Augurs Well for HDD Catalysts Market
  • US Inland Freight Transport Market Breakdown of Volume Shipments (in %) by Mode of Transport for 2023
  • HDD Catalysts Gain Precedence in Non-Road Applications
  • SCR Catalysts Demonstrate High Growth During EPA10 Regime
  • Table 5: USA Recent Past, Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 6: USA Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
CANADA
  • Emission Standards in Canada
  • Table 7: Canada Recent Past, Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 8: Canada Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
JAPAN
  • Heavy Duty Diesel (HDD) Catalysts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Overview of Emission Norms in Japan
  • Table 9: Japan Recent Past, Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 10: Japan Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
CHINA
  • Heavy Duty Diesel (HDD) Catalysts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Market Overview
  • Tightening Vehicle Emission Standards Offer Growth Opportunities
  • Table 11: China Recent Past, Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 12: China Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
EUROPE
  • Heavy Duty Diesel (HDD) Catalysts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Market Overview
  • Europe Inland Freight Transport Market Breakdown of Volume Shipments by Mode of Transportation: 2023
  • Regulatory Standards Propel Catalyst Market
  • As a Major Market for Commercial Vehicles, Europe Presents Opportunity for HDD Catalysts
  • EU Commercial Vehicle Production Breakdown (in %) by Segment for 2015 & 2019
  • EU Commercial Vehicles Market: Medium and Heavy Commercial Vehicle Production in Thousand Units for Select Countries
  • Average Age of Heavy Commercial Vehicle Fleet in the EU: 2023
  • Heavy Duty Vehicles Emission Norms
  • Table 13: Europe Recent Past, 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 Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 14: 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 Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
  • Table 15: Europe 15-Year Perspective for Heavy Duty Diesel (HDD) Catalysts by Geographic Region - Percentage Breakdown of Value Revenues for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2015, 2024 & 2030
FRANCE
  • Heavy Duty Diesel (HDD) Catalysts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
  • Table 16: France Recent Past, Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 17: France Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
GERMANY
  • Heavy Duty Diesel (HDD) Catalysts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
  • Table 18: Germany Recent Past, Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 19: Germany Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
ITALY
  • Table 20: Italy Recent Past, Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 21: Italy Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
UNITED KINGDOM
  • Heavy Duty Diesel (HDD) Catalysts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • Table 22: UK Recent Past, Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 23: UK Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
SPAIN
  • Table 24: Spain Recent Past, Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 25: Spain Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
RUSSIA
  • Table 26: Russia Recent Past, Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 27: Russia Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
REST OF EUROPE
  • Table 28: Rest of Europe Recent Past, Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 29: Rest of Europe Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
ASIA-PACIFIC
  • Heavy Duty Diesel (HDD) Catalysts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • India
  • South Korea
  • Table 30: Asia-Pacific Recent Past, Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 31: Asia-Pacific Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
REST OF WORLD
  • Brazil
  • Table 32: Rest of World Recent Past, Current & Future Analysis for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 33: Rest of World Historic Review for Heavy Duty Diesel (HDD) Catalysts by Segment - Heavy Duty Diesel (HDD) Catalysts Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • BASF SE
  • Clariant AG
  • Enerburn, Inc.
  • Ibiden Co., Ltd.
  • Honeywell UOP
  • Johnson Matthey PLC
  • Clean Diesel Technologies
  • N.E. Chemcat Corporation
  • Shell Plc
  • Umicore NV

Table Information