A diesel oxidation catalyst, or DOC, is a device 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. The process is similar to an automobile's catalytic converter. Diesel oxidation catalysts oxidize carbon monoxide, hydrocarbons, and aldehydes contained in diesel exhaust to non-toxic compounds: carbon dioxide and water vapor. This catalyst formulation provides a 90% reduction of carbon monoxide (CO) and an 80% reduction of hydrocarbons (HC) in all applications with medium to high exhaust temperatures. Diesel oxidation catalysts stimulate chemical oxidation of the soluble organic fraction (SOF) portion of diesel particulates. DOC also oxidizes sulfur dioxide present in the diesel exhaust.
Conversion of diesel particulate matter is an important function of the modern diesel oxidation catalyst. Currently, the standards are strict for heavy duty diesel engines; however, many existing buses and trucks continue to emit harmful pollutants such as NO2 and diesel particulate matter (PM), which contributes to very serious health issues. DOC is an excellent example of a pollutant control device that can be utilized to upgrade a diesel engine or retrofit (add) it in order to minimize the pollutants. Diesel oxidation catalyst can be of two types, two-way type catalytic converter and three-way type catalytic converter.
The application of the diesel oxidation device or technology can be practically found in all the vehicles using diesel engines such as passenger diesel car, urban transit buses, heavy duty trucks, and off-highway equipment. The diesel oxidation catalyst market finds application in the construction industry, mining industry, material handling or logistics industry, power generation, marine & utility, locomotives, & gantry cranes.
A major driver for the diesel oxidation catalyst market is the implementation of strict and tough emission norms across the world. Increased usage of diesel automobiles is another driver for the diesel oxidation catalyst market. A diesel engine delivers better mileage than a gasoline engine, hence it is cost effective. Thus, for large-scale transportation of goods or people, the vehicles are operated on diesel engines. Diesel oxidation catalyst fitted with the engines of these vehicles is estimate to help achieve the fixed emission standards. A key restraint for the diesel oxidation catalyst market is the rising trend of battery electric vehicles (BEV). However, the restraint is applicable to passenger diesel car segment, which contributes a significant share to diesel engine usage.
The global diesel oxidation catalyst market is likely to expand. Asia Pacific is anticipated to lead the global diesel oxidation catalyst market. Countries such as India & China are rising as strong economies, which is projected to witness increase in trade. Moreover, rising population of these economies is anticipated to increase the demand for more vehicles for transportation. Demand for diesel engines is likely to be higher, as it is more economic than gasoline engine. This, in turn, is projected to raise the demand for diesel, which is estimated to create a better opportunity for the diesel oxidation catalyst market. North America and Europe are anticipated to be major regions for the diesel oxidation catalyst market. These regions have set high emission standards in order to reduce air pollution.
Key players operating in the diesel oxidation catalyst market are Nett Technologies Inc., Perkins Engines Company Limited, Donaldson Company, Inc., umicore Automotive Catalyst, Clean Diesel Technologies, Inc., Johnson Matthey, Shuster Corporation, AECC, ROADWARRIOR, Cummins Inc., and Blackthorn.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.