Diesel Particulate Filter Market is Estimated to Reach USD 22.3 Billion by 2024
Diesel Particulate Filter Market is Estimated to Reach USD 22.3 Billion by 2024
The Global Diesel Particulate Filter Market is estimated to reach USD 22.3 Billion by 2024 at a CAGR of 11.7 %.
Diesel particulate filter (DPF) is a device which filters harmful carbon particles from the engine exhaust and prevents them from reaching to the environment. This is mainly used to reduce emissions from diesel vehicles. This filter is designed to capture and retain the exhaust soot until it is emptied or burned through a process which is called as regeneration. This process completely burns off the collected soot in the filter and reduces harmful emission. DPF can be maintained properly when it fully able to regenerate itself. Diesel Particulate Filters are fitted to meet emission regulations and it is an offence to use a vehicle that no longer complies with the emission standards.
Diesel Particulate Filter Market: Drivers & Restraints
Market Drivers:
Strict Emission Regulations for Controlling Air Pollution
Stringent emission regulations are introduced as there is a need to protect the environment and reduce the black clouds which is generated due to emissions released from diesel vehicles. European Union has imposed mandates to meet a certain Euro emissions standard for production of new car. The aim of emissions standards is to reduce harmful emissions like Nitrogen oxides (NOx), Carbon monoxide (CO), Hydrocarbons (HC) and Particulate matter (PM). Rise in pollution caused by emission of Volatile Organic Compounds (VOC) is generating higher demand for Diesel Particulate Filter. As per report published by European Parliament, 72% of total CO2 emissions of the European Union comes from automotive vehicles. Hence to reduce the emission of poisonous gases, strict emission regulations are made which drives the DPF market during the forecast period.
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Rising Demand for Durable Automotive Components
Durability is the crucial aspect for any automotive vehicle, where, it defines the life of the component that can work with highest efficiency. In case of the filters, the durability is even more important as it helps in purifying the gases released by the vehicles which contains hazardous compounds for a longer time span. However, DPF has to be used and if it gets congested, it can be cleaned by black flushing with air which can extend the life of DPF which drives the market during next five years.
Market Restraints:
High Maintenance Cost
Diesel Particulate filter needs to be properly cleaned and looked after if blockage builds up. It can cause irreparable damage to the exhaust system resulting in massive repair cost and harmful particulate matter entering the environment. Filters requires maintenance and servicing as it gets congested. Maintenance of DPF units can cost many thousands of dollars which is an extremely expensive exercise. This is one of the factor expected to restrain the market during the forecast period.
Diesel Particulate Filter Market: Key Segments
- By Regeneration Method: Active Regeneration, Passive Regeneration and Forced Regeneration
- On the basis of Material: Cordierite, Silicon Carbide (SiC), Aluminum Titanate (Al2TiO5) and
- By Vehicle Type: Passenger Vehicles, Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV).
- Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa, and South America, with individual country-level analysis.
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Diesel Particulate Filter Market: Report Scope
The report on the diesel particulate filter market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
List of the leading companies operating in the Diesel Particulate Filter Market include:
- Faurecia (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Tenneco Inc.
- Eberspächer
- BASF SE
- Johnson Matthey
- Continental AG
- DENSO CORPORATION
- BOSAL
- NGK Insulators Ltd
- Boysen
- Other Key Companies
Diesel Particulate Filter Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Diesel Particulate Filter Market, by Regeneration Method
- Active Regeneration
- Passive Regeneration
Diesel Particulate Filter Market, by Material
- Cordierite
- Silicon Carbide (SiC)
- Aluminum Titanate (Al2TiO5)
- Others
Diesel Particulate Filter Market, by Vehicle Type
- Passenger Vehicles
- Light Commercial Vehicles (LCV)
- Heavy Commercial Vehicles (HCV)
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Diesel Particulate Filter Market by Region
- Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
- North America (US, Canada, Mexico)
- Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
- Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
- South America (Brazil, Argentina, Rest of South America)
Key Questions answered by the report
- What are the major developments impacting the global market and its growth?
- What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
- What are the evolving types of the global market?
- What are the evolving applications of global market?
- What are the major characteristics that will affect the global market growth during the study period?
- Who are the key global players operating in the market?
- How are the major players leveraging in the existing global market conditions?
Table of Content
- INTRODUCTION
- RESEARCH DESIGN & SCOPE
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
- INDUSTRY TRENDS — PORTERS FIVE FORCES ANALYSIS
- DIESEL PARTICULATE FILTER MARKET BY REGENERATION METHOD, Market Size in USD Million and Units (2017–2024)
- DIESEL PARTICULATE FILTER MARKET BY MATERIAL, Market Size in USD Million and Units (2017–2024)
- DIESEL PARTICULATE FILTER MARKET BY VEHICLE TYPE, Market Size in USD Million and Units (2017–2024)
- DIESEL PARTICULATE FILTER MARKET BY REGION, Market Size in USD Million and Units (2017–2024)
- COMPETITIVE LANDSCAPE
- COMPANY PROFILES
- APPENDIX
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