Global Heavy Duty Diesel (HDD) Catalysts Market to Reach $1.7 Billion by 2026

SAN FRANCISCO, March 16, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Heavy Duty Diesel (HDD) Catalysts - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 18; Released: February 2022
Executive Pool: 2736
Companies: 40 - Players covered include BASF SE; Clariant; Clean Diesel Technologies, Inc. (CDTi); Johnson Matthey plc; N.E. Chemcat Corporation; Umicore N.V. and Others.
Coverage: All major geographies and key segments
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.

Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry

ABSTRACT-

Global Heavy Duty Diesel (HDD) Catalysts Market to Reach $1.7 Billion by 2026
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, several companies are now focusing 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.

Amid the COVID-19 crisis, the global market for Heavy Duty Diesel (HDD) Catalysts estimated at US$1.4 Billion in the year 2022, is projected to reach a revised size of US$1.7 Billion by 2026, growing at a CAGR of 2.9% over the analysis period. The market in the U.S. is estimated at US$454.8 Million in the year 2021. The country currently accounts for a 32.35% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$311.2 Million in the year 2026 trailing a CAGR of 4.8% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.6% and 1.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR while Rest of European market (as defined in the study) will reach US$331.5 Million by the year the close of the analysis period.

Buoyed by the burgeoning automotive markets in Asian countries, particularly China, India and Thailand, environmental catalyst majors are shifting their focus from the Western world to the lucrative Asian domains. With automotive vehicle sales increasing at sturdy rates, auto catalysts market segment is witnessing exceptional growth. Further, with China striving to implement strict auto emission standards and Level IV EU emission norms, automotive catalysts market is expected to offer lucrative opportunities for the domestic as well as foreign players operating in the region. Along with China, several other countries including India, Singapore, Malaysia, Thailand, Indonesia, and South Korea among others, are actively pursuing the Euro IV and Euro V emission norms to curb the vehicular pollution in their respective countries.

Palladium Rapidly Gains Ground over Platinum
Platinum Group Metals (PGMs) including palladium and platinum are rapidly becoming vital components for achieving the desired emissions control in buses, trucks, and other heavy-duty diesel vehicles. The demand for these metals has gathered considerable pace due to the rise in demand for automotive catalytic converters. The implementation of stringent emission standards for trucks and automobiles in the US and Europe as well as China's dominance in the automotive industry are fueling demand for palladium- and platinum-coated catalytic converters. Emission control laws being implemented across the world mainly drive demand for Palladium. Catalysts with a high Palladium content are fast replacing Platinum catalysts in gasoline exhaust systems. However, demand for Platinum increased due to its increasing usage in catalysts for diesel exhaust systems. Japan is the largest market for Platinum and Palladium. Russia and South Africa are the leading suppliers of Platinum and Palladium. Demand for Palladium has increased considerably in the past few years. The increase could be attributed to the use of Palladium in antipollution catalytic converters. Palladium is preferred over Platinum, due to minor technological advantages and a relatively lower price. As per the US HC (hydrocarbon) emissions regulations, Palladium Catalysts should be utilized in automobiles. Many auto manufacturers combined starter bricks with Palladium to traditional underbody system that is located nearby engine enabling to reach high temperatures and controlling high hydrocarbon emissions when an auto is started. Many Japanese companies also started using Palladium-based catalysts in most of their domestic models. Through the implementation of stringent regulations, the consumption of Palladium to produce catalytic converters doubled the gap between supply and demand of Palladium. More

MarketGlass™ Platform
Our MarketGlass™ Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include - enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.

Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android

About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

LINKS
Join Our Expert Panel
https://www.strategyr.com/Panelist.asp

Connect With Us on LinkedIn
https://www.linkedin.com/company/global-industry-analysts-inc./

Follow Us on Twitter
https://twitter.com/marketbytes

Journalists & Media
[email protected]

SOURCE Global Industry Analysts, Inc.