According to a recent report published by Allied Market Research, titled, “Automotive Exhaust System Market Size by Technology, Fuel Type and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2019–2026,” the global automotive exhaust system market size was valued at $77.33 billion in 2018, and is projected to reach $130.17 billion by 2026, registering a CAGR of 6.7% from 2019 to 2026.
Presently, Asia-Pacific dominates the market, followed by Europe, LAMEA, and North America. China dominated the Asia-Pacific automotive exhaust system market share in 2018 and is anticipated to exhibit a remarkable growth during the forecast period.
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The metals such as platinum, palladium, rhodium, and others used as automotive catalyst in catalyst converters are very rare and expensive. Because these metals are expensive, automakers want to use it as effectively as possible. Use of catalyst Nano particle increases the efficiency of catalyst and reduce the cost of catalyst converter, which make it the preferred choice for automotive catalyst converter. Hence, adoption of nanotechnology in catalytic converters drives the growth of the automotive exhaust system market.
Diesel oxidation catalyst (DOC) is an emission control technology, which is used to promote organic fraction (OF) of diesel particulates as well as chemical oxidation of CO and HC. This technology also oxidizes sulfur dioxide in the diesel exhaust due to combusting of sulfur containing fuels. Diesel particulate filter that is used to physically capture the diesel particulates to prevent their release in the ecosystem. In addition, the material used in these filters are developed with high filtration efficiencies and with impressive mechanical and thermal durability. Selective catalytic reduction is an advanced active emission control technology in which a liquid-reductant agent is injected into exhaust stream of a diesel engine through a special catalyst. The reducing agent is usually urea of automotive grade also known as diesel exhaust fluid (DEF), which starts a chemical reaction to convert nitrogen oxide in to water, nitrogen, and tiny amount of carbon dioxide (CO2)
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Major market players
- Umicore
- Johnson Matthey
- Tenneco Inc
- BOSAL
- BASF SE
- BENTELER International
- Eberspächer
- Sejong Industrial Co., Ltd
- Klarius Products Ltd
- Faurecia
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