Vehicle Diesel Nox Catalyst Market Vehicle Diesel Nox Catalyst Market

 

Global Vehicle Diesel NOx Catalyst Market: Introduction

• The vehicle diesel NOx catalyst market includes a variety of devices that are used to control vehicle NOx emissions. Lean NOx Trap (LNT), Selective Catalytic Reduction (SCR), and Exhaust Gas Recirculation (EGR). NOx emissions are harmful to human health and vehicles account for a major source of NOx pollution, globally. 

Key Drivers and Restraints of Global Vehicle Diesel NOx Catalyst Market

• Increasingly stringent Euro 6 stage regulations, such as Euro 6c and Euro6d, mandate NOx emission from diesel cars to be under 126 mg/Km. Euro6d is expected to come into effect from 2020, and all new cars sold in Europe would mandatorily be required to abide by Euro 6 norm. Implementation of stringent NOx emission norms in Europe is anticipate to drive the vehicle diesel NOx catalyst market in the region.

Emission standards are being revised globally. For instance, India is set to adopt Bharat Stage 6 in 2020, and China is set to adopt China 6, which are Europe-equivalent norms. Implementation of Euro 6 equivalent norms in various countries such as China, India, Mexico and Brazil is projected to drive the global vehicle NOx catalyst market. 

LNT to record high growth in vehicle diesel NOx catalyst market

• The LNT is an effective device to trap NOx. LNT is highly effective for light duty applications such as passenger vehicles. The LNT is compact and does not require additional tank, unlike an SCR. Thus, the LNT device is estimated to be the preferred mode for trapping NOx in diesel passenger cars and light commercial vehicles. Consequently, it is expected to witness high demand during the forecast period.
• Demand for SCR device is also anticipated to increase during the forecast period, as they are widely utilized in heavy load applications such as commercial vehicles and Asia Pacific & Latin America witnesses an increased demand for commercial vehicles

Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report 

Passenger vehicle segment to hold leading share of vehicle diesel NOx catalyst market

• Based on vehicle type, the passenger vehicle segment held a leading share of the global vehicle diesel NOx catalyst market. Europe and Asia Pacific witness high volume sales of diesel passenger cars. However, demand for diesel cars is declining in Europe, primarily due to taxation on diesel cars, stringent emission norms, and declining price gap between petrol and diesel cars.

OEM segment to hold leading share of vehicle diesel NOx catalyst market

• Vehicle diesel NOx catalyst, such as LNT and SCR. are standard fitted in vehicles, and these devices generally last a lifetime with periodic maintenance. Therefore, the OEM segment is anticipated to hold a leading share of the global vehicle diesel NOx catalyst market.