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

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    Report

  • 292 Pages
  • February 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 2022, is projected to reach a revised size of US$2 Billion by 2030, growing at a CAGR of 4.1% over the analysis period 2022-2030.

The U.S. Market is Estimated at $466.1 Million, While China is Forecast to Grow at 5.9% CAGR

The Heavy Duty Diesel (HDD) Catalysts market in the U.S. is estimated at US$466.1 Million in the year 2022. 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 5.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 2.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

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

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Frequently Asked Questions about the Heavy Duty Diesel (HDD) Catalysts Market

What is the estimated value of the Heavy Duty Diesel (HDD) Catalysts Market?

The Heavy Duty Diesel (HDD) Catalysts Market was estimated to be valued at $1.5 Billion in 2022.

What is the growth rate of the Heavy Duty Diesel (HDD) Catalysts Market?

The growth rate of the Heavy Duty Diesel (HDD) Catalysts Market is 3.7%, with an estimated value of $2 Billion by 2030.

What is the forecasted size of the Heavy Duty Diesel (HDD) Catalysts Market?

The Heavy Duty Diesel (HDD) Catalysts Market is estimated to be worth $2 Billion by 2030.

Who are the key companies in the Heavy Duty Diesel (HDD) Catalysts Market?

Key companies in the Heavy Duty Diesel (HDD) Catalysts Market include BASF SE, Clariant AG, Enerburn, Inc., Ibiden Co., Ltd., Honeywell UOP, Johnson Matthey PLC, Clean Diesel Technologies, N.E. Chemcat Corporation, Shell Plc and Umicore NV.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 Pandemic and Looming Economic Recession
  • 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
  • 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
  • Heavy Duty Diesel (HDD) Catalysts Competitor Market Share Scenario Worldwide (in %): 2019
  • Recent Market Activity
  • Heavy Duty Diesel (HDD) Catalysts - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (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 & 2019
  • 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
  • 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
  • COVID-19 Dents Prospects in Construction Industry, Impacting Sales of Construction Equipment
  • Global Construction Spending (In US$ Trillion) for 2019, 2020 & 2021
  • 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
  • Global Emission Control Catalysts Market by Metal Type (in %): 2019
  • Global Platinum Market by Application (in %) for 2019
  • Global Platinum Demand Breakdown (in %) by Automotive Sector: 2019
  • 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
  • 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 2022 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 2021 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, 2023 & 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 2023 (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 2019
  • 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 2022 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 2021 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 2022 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 2021 and % CAGR
JAPAN
  • Heavy Duty Diesel (HDD) Catalysts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (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 2022 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 2021 and % CAGR
CHINA
  • Heavy Duty Diesel (HDD) Catalysts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (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 2022 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 2021 and % CAGR
EUROPE
  • Heavy Duty Diesel (HDD) Catalysts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Market Overview
  • 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
  • COVID-19 Dents CV Sales in Europe: New Commercial Vehicle Registrations in the EU for June 2020 Vs June 2019
  • 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 (2019)
  • Average Age of Heavy Commercial Vehicle Fleet in the EU: 2019
  • 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 2022 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 2021 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, 2023 & 2030
FRANCE
  • Heavy Duty Diesel (HDD) Catalysts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (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 2022 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 2021 and % CAGR
GERMANY
  • Heavy Duty Diesel (HDD) Catalysts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (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 2022 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 2021 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 2022 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 2021 and % CAGR
UNITED KINGDOM
  • Heavy Duty Diesel (HDD) Catalysts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (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 2022 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 2021 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 2022 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 2021 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 2022 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 2021 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 2022 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 2021 and % CAGR
ASIA-PACIFIC
  • Heavy Duty Diesel (HDD) Catalysts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (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 2022 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 2021 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 2022 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 2021 and % CAGR
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 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