Global Heavy Duty Diesel (HDD) Catalysts Market to Reach $2.6 Billion by 2017, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Heavy Duty Diesel (HDD) Catalysts market. The global market for heavy-duty diesel (HDD) catalysts is forecast to reach $2.6 billion by the year 2017, spurred by rigorous emission control regulations for heavy-duty on-road and off-road vehicles across the world. Technological advancements, improvement in diesel engine quality, drive towards fuel efficiency, durability and reduction of toxic environmental pollutants will have a positive bearing on the long-term growth of HDD catalysts. Spiraling automobile registrations, hectic industrialization and shift in focus from developed, western countries to developing markets worldwide will provide a huge fillip to the market for emission control catalysts.
San Jose, California (PRWEB) August 29, 2011
Heavy-Duty Diesel (HDD) catalysts represent the next big opportunity for the global emission control market. Stringent regulatory standards are being introduced in the automotive sector across the globe with the intention of reducing toxic environmental emissions. Environmental legislations in developed countries of US, Europe and Japan mandate drastic reduction in NOx (nitrogen oxides) and other particulate emissions. With currently only a small number of new vehicles employing catalysts, there exists huge growth potential for catalysts in the HDD segment over the coming years. Apart from environmental norms for on-road HDD emissions, legislations are also scheduled in the US and EU for on-road and off-road vehicles to address similar stringent emissions standards. These legislations for off-road vehicles, including construction, agricultural and mining vehicles/equipment, would come into effect after 2010. Adherence to these regulations would require vehicle manufacturers to add after-treatment systems (heavy-duty diesel catalysts), in addition to improving engine performance. Over the last few years, various catalytic technologies have been continuously introduced in the market, each attempting to outdo the other. Several companies are now focusing on developing cost-effective emissions control technologies that would facilitate in reducing air pollution without compromising on the inherent advantages of diesel engines.
These technologies are being widely used in new vehicles as well as retrofitted into existing models to achieve the permissible levels of emissions in Heavy Duty Diesel Vehicles. Buoyed by the burgeoning automotive markets in Asian countries, particularly China, India and Thailand, environmental catalyst majors are shifting focus from saturated, western markets to the lucrative, rapidly burgeoning 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, autocatalysts market is expected to offer lucrative opportunities for the domestic as well as foreign players operating in the region. Asia-Pacific, Middle East and Latin America are in a phase of adopting increasingly rigorous and universally applied environmental laws. These regions would experience strong growth in coming years in the midst of economic development and growing environmental concerns. Growth in these regions would also result from continued significant increase in the number of new motor vehicles registrations.
The precious metals sector has gained substantial opportunity and momentum from the growth in heavy-duty diesel catalysts market. Metals such as palladium and platinum are rapidly becoming vital components for achieving the desired emissions control in buses, trucks, and other heavy-duty diesel vehicles. Catalysts with a high palladium content are fast replacing platinum catalysts in gasoline exhaust systems, while demand for platinum increased due to its increasing usage in catalysts for diesel exhaust systems. Japan is the largest market for Platinum and Palladium, accounting for about 50% of the Western worldÃ¢s consumption of these metals.
Europe represents the single largest market for HDD Catalysts, as stated by the new market research report on Heavy Duty Diesel (HDD) Catalysts. The region offers substantial growth opportunity for emission control technologies, with legislative strictures providing a major boost to the automotive catalyst market. Asia-Pacific, powered by rapidly developing markets of China, India, Korea, Thailand and others is poised register the fastest CAGR of over 25% through 2017.
Major participants profiled in the report include BASF SE, Clean Diesel Technologies, Inc, Catalytic Solutions, Inc, Johnson Matthey plc, N.E. CHEMCAT Corp., Süd-Chemie AG, Nanox, Inc and Umicore S.A.
The research report titled Ã¢Å“Heavy Duty Diesel (HDD) Catalysts: A Global Strategic Business ReportÃ¢ announced by Global Industry Analysts, Inc., provides a comprehensive review of industry overview, market drivers, recession impact, regulatory norms, product overview, product introductions, recent industry activity and profiles of market players worldwide. Market analytics and overview is provided in value (US$ million) terms for major geographic markets such as US, Canada, Japan, Europe, Asia-Pacific and Rest of World. The study also provides historic data for an insight into market evolution over the period 2003 through 2008.
For more details about this comprehensive market research report, please visit Ã¢“ http://www.strategyr.com/Heavy_Duty_Diesel_HDD_Catalysts_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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