Diesel Particulate Filter Market Is Likely to Experience Strong Growth During 2023-2028
According to the report, the diesel particulate filter market was estimated at USD 17.8 billion in 2022 and is likely to grow at a healthy CAGR of 11.19% during 2023-2028 to reach USD 33.73 billion in 2028.
The rise in the per capita income of consumers, increasing vehicle production, and stringent fuel emission standards are the major factors propelling the demand for DPF in the automotive industry.
What is a diesel particulate filter?
Diesel particulate filter may seem to be an unknown device, but it is of the highest importance in any automotive type. It is the filtering device that is used in removing the particulate matter of diesel from the diesel engine or exhaust gas.
Diesel particulate filter is used across a wide number of vehicles such as passenger cars, light commercial vehicles, trucks, and buses.
Leading players in the market -
To build a successful business, it is vital to understanding the market - both the customers and the competitors. The report published consists of a list of key players active in the Diesel Particulate Filter Market, which is given below -
- Faurecia
- Tenneco Inc.
- Eberspächer
- Johnson Matthey
- Continental AG
- Denso Corporation
- Friedrich Boysen GmbH & Co. KG
- BOSAL
- Corning Incorporated
- CDTi Advanced Materials, Inc.
Report Findings
Based on the substrate type, the diesel particulate filter market is segmented as cordierite, silicon carbide, and other substrates. The silicon carbide segment dominated the market and is expected to remain the largest segment during the forecast period as well, owing to its widespread use in passenger cars.
Based on the regeneration catalyst type, the diesel particulate filter market has been segmented as Platinum-Rhodium, Palladium-Rhodium, and Platinum-Palladium-Rhodium. Palladium-Rhodium is the largest segment and is expected to remain dominant during the forecast period. However, the Platinum-Palladium-Rhodium segment is expected to witness the highest growth during the forecast period, owing to their applicability in medium & heavy commercial vehicles. The penetration of DPF in medium & heavy commercial vehicles is expected to increase significantly owing to the implementation of stringent emission standards across the globe.
Europe is the largest market for diesel particulate filters owing to stringent emission standards from the EU Commission and the presence of major OEMs and DPF suppliers in the region. Asia-Pacific is likely to witness the highest growth in the global diesel particulate filter market owing to the growing presence of major automotive OEMs in the region along with the implementation of stringent fuel emission standards in countries, such as China, India, and ASEAN.
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
The research report aims to help the users learn about their market size and potential to connect with customers. This report answers the following questions:
· How big is the potential Diesel Particulate Filter Market?
· Will this market grow or shrink in the future?
· Who are our top competitors or key players?
· What market share do the competitors own?
· How Covid19 has affected the market?
· How long will it take to recover from the Covid-impact?
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