According to a recent report published by Allied Market Research, titled, "Automotive Exhaust System Market 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.
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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.
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.
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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)
Developed nations are taking significant efforts to reduce the emission of harmful pollutants from vehicles into the atmosphere. For instance, Kyoto Protocol, a treaty signed by the U.S. and other developed countries that binds them to the reduction of greenhouse gas emission. U.S. and other countries have also called upon the developing nations to participate in the implementation of international carbon reduction efforts. Thus, automotive exhaust systems can help to meet the harmful pollutant emission standards, which is a remarkable growth opportunity for the players operating in automotive exhaust system market.
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Factors such as stringent government regulations for emission control and increase in automobile production are driving the growth of automotive exhaust market. In addition, adoption of nanotechnology in catalytic converters is anticipated propel the growth of market. However, growing electric vehicle production and high cost of automotive catalysts hinders the growth of automotive exhaust system market. Further, innovations in automotive catalysts and government initiatives in developing nations for emission reduction holds remarkable growth opportunity for the key player operating in the automotive exhaust system market.
Key Findings of the Study:
On the basis of technology, the Selective catalytic reduction (SCR) segment is anticipated to exhibit a remarkable growth during the forecast period.
On the basis of fuel type, the diesel segment is anticipated to grow at the highest CAGR during the forecast period.
Region wise, Asia-Pacific is the fastest growing region, followed by Europe, LAMEA, and North America.
The key players analyzed in this report are Johnson Matthey, BASF SE, Tenneco Inc., Eberspächer, Umicore, BENTELER International, BOSAL, Sejong Industrial Co.,Ltd., Klarius Products Ltd., Faurecia, and others.
Marine scrubber systems market is expected to continue its steady growth on account of their growing installation and retrofitting on marine engines exhaust systems and boilers on ships.
This is attributed to the unique advantages of marine scrubber systems in alleviating harmful sulphur dioxide gas content (Sox) emissions.
The worldwide marine scrubber systems market is anticipated to register 20.4% CAGR in terms of value between 2018 and 2028 owing to myriad factors mentioned in Fact.MR report on marine scrubber systems market.
The Fact.MR report on marine scrubber systems market envisaged that based on market value, the worldwide marine scrubber systems market is envisaged to value over US$ 11Bn during 2018-2028.In recent years, marine scrubber systems have gained much traction among ship owners and operators, on the back of their ability to treat exhaust gas released from engine or boiler by eliminating harmful sulphur dioxide gas content (SOx) and particulate matter (PM) sourced pollutants.According to Fact.MR report on marine scrubber systems market, ship operators and owners are increasingly adopting marine scrubber systems to comply with prevailing and impending regulations on sulphur quantity allowed in fuel, to be imposed by IMO (International Maritime Organization).
Since 2015, there has been a decline in sulphur cap to .1% in some designated emission control areas (ECA), however, the cap is set to decline further with the implementation of .5% sulphur cap on maritime vehicles starting from 1st January 2020.Amid the growing sulphur related regulations, ship operators and owners are propelled to adopt either marine fuels containing low sulphur content, or retrofit or install marine scrubber systems for the treatment of toxic emissions caused by densely used fuel oil with high sulphur content.
The report on marine scrubber systems market opines that extensive difference between the pricing of affordable fuel oil with high sulphur content and expensive fuel oils containing negligible sulphur content has been prompting ship operators and owners to retrofit marine scrubber systems on marine vehicles.
The research report includes specific segments by region (country), by company, by Type and by Application.
This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/65103/global-smart-polymer-2021-322Segment by Type, the Smart Polymer market is segmented into:Photochromic PolymerShape Memory PolymerPiezoelectric PolymerOtherSegment by Application:Medical DevicesTissue EngineeringTextileAutomotiveOtherGlobal Smart Polymer Market: Regional AnalysisThe Smart Polymer market is analysed and market size information is provided by regions (countries).
The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026.The key regions covered in the Smart Polymer market report are:North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EGlobal Smart Polymer Market: Competitive AnalysisThis section of the report identifies various key manufacturers of the market.
The latest trending report Global NOx Adsorbers Market 2020 by Manufacturers Regions Type and Application Forecast to 2024 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The worldwide market for NOx Adsorbers is expected to grow at a CAGR of roughly over the next five years, will reach million US$ in 2024, from million US$ in 2019.This report focuses on the NOx Adsorbers in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.
This report categorizes the market based on manufacturers, regions, type and application.Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/19924-nox-adsorbers-industry-analysis-reportMarket Segment by Manufacturers, this report covers BASF Johnson Matthey Clariant umicoreMarket Segment by Regions, regional analysis covers North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, Colombia etc.
) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)Market Segment by Type, covers Active NOx Adsorbers Passive NOx AdsorbersMarket Segment by Applications, can be divided into Light-Duty Diesel Engines Heavy-Duty Diesel EnginesDownload Free Sample Report of Global NOx Adsorbers Market @ https://www.decisiondatabases.com/contact/download-sample-19924The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe NOx Adsorbers product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of NOx Adsorbers, with price, sales, revenue and global market share of NOx Adsorbers in 2017 and 2018.Chapter 3, the NOx Adsorbers competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the NOx Adsorbers breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.Chapter 12, NOx Adsorbers market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.Chapter 13, 14 and 15, to describe NOx Adsorbers sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global NOx Adsorbers Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-19924Other Reports by DecisionDatabases.com:Global Off-road Engines Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Diesel Locomotive Engines Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Diesel Engines Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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