Original title: China's automobile exhaust treatment pattern and trend analysis in 2021, National VI standard The value of bicycles is expected to increase significantly "Figure"
1. Exhaust gas treatment status
1, market size
The current domestic market size is about 40 billion yuan , emission upgrades bring more incremental markets for exhaust gas after-treatment. For the light truck market, after the National VI standards are fully implemented, the main incremental market for exhaust after-treatment will come from the full popularity of SCR, and it is expected that there will be a large incremental market. For the heavy truck market, the main incremental market for exhaust gas after-treatment comes from the rising demand for products such as DPF, DOC, and EGR. The overall market size is expected to grow rapidly.
China's automobile exhaust treatment market size and forecast from 2017 to 2022
Source: Compilation of public information
2, market size
At present, although the overall exhaust gas treatment system penetration rate of diesel vehicles is much higher than that of gasoline vehicles, the overall sales volume of gasoline vehicles is that of diesel vehicles. More than five times of the total, the overall proportion of light-duty gasoline vehicles is much higher than that of diesel vehicles, reaching about 57.6%. Among them, medium- and heavy-duty diesel vehicles account for 25.3% due to their single value being higher than that of light-duty diesel vehicles. With the full implementation of the National VI standards, The increased value of gasoline vehicles and non-road mobile machinery are expected to become new growth points in the industry.
China's automobile exhaust treatment market structure and share in 2019
Source: Compilation of public information
2. Analysis of the pattern of exhaust gas treatment companies
1, market concentration
The main share of my country's engine exhaust after-treatment market is occupied by a few foreign companies, among which there are Bosch , Cummins , Faurecia , etc. Most passenger cars are gasoline vehicles and hybrid vehicles, all of which require the use of exhaust gas after-treatment products. The market is mainly occupied by foreign-funded companies such as BASF, Johnson Matthey, and Umicore. The main supporting direction of domestic manufacturers is still self-branded gasoline vehicles. Compared with the gasoline engine exhaust after-treatment market, diesel engine exhaust after-treatment has been applied in batches in China later, and currently has certain competitive advantages mainly in terms of cost.
China’s commercial diesel engine exhaust after-treatment products market share
Source: China Internal Combustion Engine Industry Association, Huajing Industry Research Institute
China’s gasoline engine TWC catalyst market share
Source: Compilation of public information
2, analysis of major companies
Aike Lan masters the exhaust gas after-treatment catalyst formula and coating technology. Its products comply with the National VI standards for diesel and gasoline engines and have been supplied in batches. The market share of major exhaust gas purification products in light diesel trucks is 12.91%, an increase of 1.40% year-on-year in 2020. Its overall product revenue and production and sales have shown rapid growth. The gross profit margin level has dropped significantly in 2021, mainly due to the increase in raw material and energy costs. The overall gross profit level is relatively high, and the industry barriers on the side are relatively high, and the company's bargaining power Stronger.
Production, sales and gross profit margin of Aikelan exhaust gas purification products from 2018 to 2021
Source: Company bulletin, compiled by Huajing Industrial Research Institute
3. Exhaust gas treatment development trends
After previous emission standard upgrades, domestic engine exhaust after-treatment manufacturers The technical level and production process have made great progress, especially in terms of cost performance, which is more in line with the needs of domestic engine and vehicle manufacturers. The upgrade of exhaust emission standards has brought huge opportunities and challenges to industry-related companies. Industry competition has intensified and technical requirements have increased day by day, promoting industry reshuffle. Exhaust gas after-treatment products have become standard configuration of engines, and environmentally friendly emission levels have become one of the core competitiveness of motor vehicles and engines.
Original title: Analysis of China's automobile exhaust treatment pattern and trends in 2021. The value of a single vehicle under the National VI standards is expected to increase significantly. "Picture"
Huajing Industrial Research Institute's development status of China's automobile exhaust treatment industry, industry upstream and downstream industry chains, and competition The pattern and key enterprises have been deeply analyzed to minimize the risks and operating costs of enterprises investing in , and improve the competitiveness of enterprises; and use a variety of data analysis techniques to predict industry development trends so that enterprises can seize the market in a timely manner. machine; for more details, please pay attention to the "2022-2027 China Automotive Exhaust Treatment Industry Market Research and Investment Strategy Research Report" published by Huajing Industrial Research Institute.
