Industry Background:
Diesel oxidation catalyst is an equipment that employs a chemical process in order to break down pollutants from a diesel engine in the exhaust stream, turning them into less harmful components. Diesel oxidation catalyst market has high growth prospects due to various chemical oxidation of the soluble organic fraction (SOF). Further, increasing demand passengers vehicles diesel cars, power generation and marine & utility expected to drive the market over the forecasted period.This growth is primarily driven by Rising Usage of Diesel Automobiles.
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | Evonik Industries AG (Germany), Vineeth Chemicals (India), Johnson Matthey (United Kingdom), Haldor Topsoe A/S (Denmark), W.R.Grace (United States), Axens (France), Faurecia SA (France), Tenneco, Inc. (United States), Eberspacher Group (Germany) and Benteler International AG (Germany) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident Value Oriented Consumers. The Chemicals sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Evonik Industries AG (Germany), Vineeth Chemicals (India), Johnson Matthey (United Kingdom), Haldor Topsoe A/S (Denmark), W.R.Grace (United States), Axens (France), Faurecia SA (France), Tenneco, Inc. (United States), Eberspacher Group (Germany) and Benteler International AG (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In March 2017, DENSO launched a new line of poweredge diesel, which is beneficial in providing new line of PowerEdge diesel particulate filter (DPF) and diesel oxidation catalyst (DOC) replacement products for heavy-duty trucks and equipment.
Market Drivers
- Rising Usage of Diesel Automobiles.
- Increasing Demand of Vehicles for Transportation.
Market Trend
Restraints
- Availability of substitute’s products.
Opportunities
Upsurge Demand of Gasoline Engine. and Increasing Demand at Materials Handling and Logistics Industries
Challenges
Limitation due to Strict Government Regulations are Anticipated to Challenge the Market. and Fluctuation of Raw Materials.
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Diesel Oxidation Catalyst Study Sheds Light on
The Diesel Oxidation Catalyst Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Diesel Oxidation Catalyst industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Diesel Oxidation Catalyst industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.