Summary: In recent years, the domestic engine after-exhaust treatment market has been growing with the improvement of exhaust emission standards, and the market size of engine after-engine exhaust gas treatment has increased from 8.46 billion yuan in 2014 to 19.606 billion yuan in 2019, and it is expected that the market size of mainland engine after-exhaust gas treatment is expected to reach about 26 billion yuan in 2023.
Keywords: engine exhaust aftertreatment market size, engine exhaust aftertreatment market competition pattern, engine exhaust aftertreatment industry development prospects
1. Definitions and classification
Motor vehicle exhaust treatment is to effectively purify the exhaust emissions generated by the engine during work, reduce the toxic and harmful components, so as to meet the requirements of the relevant regulations on exhaust emissions, and the engine exhaust aftertreatment products are divided according to the application object, which can be mainly divided into two categories: diesel engine aftertreatment and gasoline engine aftertreatment.
Engine exhaust aftertreatment refers to the installation of various catalysts and filters in the engine exhaust pipeline to chemically convert or physically intercept harmful substances in the exhaust gas, thereby reducing the harm of exhaust gas to the environment and human body.
At present, there are multiple branch systems of exhaust aftertreatment systems in the market, including selective catalytic reduction catalyst SCR for diesel vehicles, diesel oxidation catalyst DOC, diesel particle trap DPF, three-way catalyst TWC for gasoline vehicles, ammonia oxidation catalyst ASC, exhaust gas recirculation system EGR, etc., and different products correspond to the treatment of exhaust gases of different models.
Second, the global engine exhaust aftertreatment industry analysis
Since 2016, global automobile production has been maintained at a scale of more than 90 million units per year, and the continuous upgrading of exhaust emission standards in various regions has provided considerable market potential for the global engine exhaust aftertreatment market. As of 2019, the global engine exhaust aftertreatment market reached $9.908 billion, and the global engine exhaust aftertreatment market grew at a compound growth rate of 11.03% from 2014 to 2019. The global engine exhaust aftertreatment market is expected to be worth approximately USD 12.5 billion in 2023.
In order to curb the production of these harmful gases and prompt automobile manufacturers to improve their products to reduce the source of these harmful gases, Europe and the United States have formulated relevant vehicle emission standards. Among them, the European standard is the automobile emission standard borrowed by Continental, and the new domestic car will indicate the European standard that the engine exhaust emission has reached. At present, the emission standards of mainland motor vehicles are basically the same as those of Europe, so the Euro VI emission standards are equivalent to the national 6 standards.
Related report: "2023-2029 China Engine Exhaust Aftertreatment Industry Market Operation Situation and Investment Strategic Planning Report" released by Zhiyan Consulting
Third, the development status of domestic engine exhaust aftertreatment industry
China has been promoting vehicle exhaust control activities, and vehicle exhaust emission standards and fuel have been upgraded. But in general, motor vehicle exhaust control largely depends on the level of economic development, the technical level of the automobile manufacturing industry, and the strict management system.
In recent years, the domestic engine after-exhaust treatment market has been growing with the improvement of exhaust emission standards, and the market size of engine after-engine exhaust gas treatment has increased from 8.46 billion yuan in 2014 to 19.606 billion yuan in 2019, and it is expected that the scale of the mainland engine after-exhaust gas treatment market is expected to reach 30 billion yuan in 2023.
At present, there are multiple branch systems of exhaust gas aftertreatment system in the market, including exhaust gas recirculation system EGR, selective catalytic reduction catalyst SCR for diesel vehicles, diesel oxidation catalyst DOC, diesel particle trap DPF, three-way catalyst TWC for gasoline vehicles, ammonia oxidation catalyst ASC, etc., and different products correspond to the treatment of exhaust gases of different models. China Phase VI SCR maintains the mainstream technical route for aftertreatment of light-duty diesel vehicles and heavy-duty diesel vehicles. The SCR system has become a diesel vehicle aftertreatment suitable product since China IV stage, and China IV and China V stage SCR are the mainstream technical routes for light and heavy diesel vehicle exhaust aftertreatment, and the penetration rate of heavy commercial vehicle SCR is rising rapidly. Driven by this, the industry market scale has grown rapidly, and the industry market scale has expanded significantly. It is estimated that the mainland SCR market is expected to account for 51.23% in 2023; The DPF market size accounts for about 15.56%; The DOC market size accounts for about 13.02%; EGR market size accounts for about 13.84%; POC market size accounts for about 3.00%; Other markets account for about 3.35%.
Fourth, the industrial chain
1. Industrial chain structure
The upstream industries of the exhaust gas aftertreatment industry chain are mainly electronic components, pump body materials, carriers, precious metals, urea tanks, liners, chemical materials and other industries; The downstream of the exhaust aftertreatment industry is mainly automobiles, motor vehicles, off-road vehicles, etc.
2. Upstream - precious metals
Precious metals are catalysts for automobile exhaust gas purification. According to statistics, in recent years, the scale of the mainland precious metal market has grown steadily year by year, the size of the mainland precious metal market in 2017 was 52.5 billion US dollars, and in 2019 it increased to 76.86 billion US dollars, the mainland precious metal market size in the world market share continues to expand, in 2020 the mainland precious metal market size is about 64.41 billion US dollars, it is expected that in the next few years, the scale of the mainland precious metal market will show a growth trend.
3. Downstream - motor vehicles
With the development of society, the pollution of the living environment is becoming more and more serious. The machinery and equipment that people come into contact with in their life trajectories become the main cause of pollutant emissions. The quality of the living environment directly affects the quality of life of residents and human health. At present, Continental has become the world's largest automobile production and sales country, and the number of cars is constantly growing. The increasing number of vehicles and the intensity of use have led to a large number of exhaust emissions, which has become one of the important sources of air pollution in the mainland. Therefore, automobile exhaust emissions have become the main direction of urban air management. The huge demand for exhaust emission control in the automotive industry, especially diesel engines, provides a broad space for the development of the engine exhaust aftertreatment industry. According to statistics, in 2022, the number of motor vehicles in the country will reach 417 million, of which 319 million will be automobiles; it can be seen that the atmospheric environmental pressure brought by motor vehicles is huge.
5. Market competition pattern
The technical barriers of honeycomb ceramic carriers and catalysts in the exhaust gas aftertreatment industry chain are high, and there is broad space for domestic substitution. At present, domestic representative enterprises include China Self Technology, Ecolan, Guiyan Platinum, Kailong Hi-Tech, Weifu High-Tech, etc.
Sixth, the development direction of the industry
In recent years, due to the gradual upgrading of motor vehicle emission standards, a large number of motor vehicles that do not meet emission standards continue to be used. Relevant departments need to strengthen the supervision of vehicles that do not meet emission standards, and promote the use of qualified internal combustion engine exhaust aftertreatment systems or vehicles that meet the standards by automobile manufacturers and users.
The Outline of the 14th Five-Year Plan for National Economic and Social Development and the Long-Range Goals for 2035 mentions that to promote high-quality development during the 14th Five-Year Plan period, we must implement the new development concept and build a new development pattern based on the new development stage.
The "2023-2029 China Engine Exhaust Aftertreatment Industry Market Operation Situation and Investment Strategic Planning Report" released by Zhiyan Consulting is based on authoritative data released by the National Bureau of Statistics, government agencies and industry associations, combined with the collection and analysis of in-depth research data, expert feedback data, internal operation data and other global data to improve the efficiency of customers' business decision-making. This report makes an in-depth investigation and research on the current situation and market of China's engine exhaust aftertreatment industry, and makes a prudent judgment on the future development prospects and trends according to the development trajectory of the industry, which provides a crucial decision-making reference for investors to find new market investment opportunities and enter the investment layout of engine exhaust aftertreatment industry.
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