Diesel Particulate Filter Market

Diesel Particulate Filter Market Size (2023-2028):

The Global Diesel Particulate Filter Market was worth US$ 12.87 billion in 2022 and is anticipated to reach a valuation of US$ 24.51 billion by 2028 and is predicted to register a CAGR of 11.59% during 2023-2028.

Rise in pollution in the environment only because of the emission of a volatile organic compound. As per some reports, 72 % of the total CO2 emissions of the European Union come from vehicles.         

Market Drivers:

The demanding regulatory bodies are given the disruption in the automotive industry with new developments & innovations in technology. The automotive industry is focused on how to reduce emissions. Diesel particulate filters store the exhaust & reduce the emission from diesel cars with additional fuel. Most manufacturers are trying to deploy technology like diesel particulate filters in the automobile industry.

The increasing demand for diesel engines in developed countries is the primary factor supporting the global diesel particulate filter market. The rise in demand for diesel engines in transportation can raise the worldwide market size. Durability is the most crucial aspect of an automobile. Flexibility is more important to purify the gases released from the vehicle as it contain hazardous compounds.

Market Restraint:

New trends & developments in engines hamper the growth of the global diesel particulate filter market. Also, increasing demand for electric vehicles in the market slows growth. Light-duty vehicles consist of gasoline, and even hybrid propulsion is the most restrained factor for the reduction of diesel particulate filters. Diesel particulate filters require maintenance and servicing. The maintenance cost is also very high for these filters.

Market Recent Development:

• The development of a new high-porosity diesel particulate filter, with an integrated SCR catalyst. This new technology gives a high result with integration & performance.       

DIESEL PARTICULATE FILTER MARKET REPORT COVERAGE:

Market Segmentation:

Diesel Particulate Filter Market - By Type:

• Ceramics Fiber         
• Silicon Carbide         

Silicon carbide is the most substantial segment of the worldwide market, as it is used at a large scale in passenger cars. Due to emission regulations in developed countries, there is an increase in the use of silicon carbide. There is more production of passenger cars than commercial vehicles. The silicon carbide market is expected to grow at a CAGR of 12.45% during the forecast period. Silicon carbide has a high filter capacity to reduce forced regeneration.

Diesel Particulate Filter Market, By Product Type:

• Disposal Type
• Regenerating Type   

Diesel Particulate Filter Market - By Sales Channel:

• OEMs  
• Aftermarket   

The OEMs are implementing innovations in their vehicles to attract more consumers and increase their presence across the world.

Diesel Particulate Filter Market - By Vehicle Type:

• Heavy Commercial Vehicle
• Light Commercial Vehicle
• Passenger Car

Market Reginal Analysis:

The Global Diesel Particulate Filter Market Report includes the segmentation of regions:

• North America - U.S., Canada
• Europe - Norway, Germany, Sweden
• Asia Pacific - China, India, Japan
• Latin America - Brazil, Mexico, Argentina
• Middle East and Africa - Middle East, Africa

Europe is the most dominating area in the global diesel particulate filter market. The market size & share is more than 32.5%. The European region is a hub of the world's leading automobile companies, and it increases the demand due to stringent emission norms by various environmental protection agencies.

Asia Pacific region is anticipated to be the fastest-growing market of diesel particulate market. The increasing demand for diesel engine-based vehicles is supporting business expansion. China & India are the top countries that are in the rapid growth of transformation in terms of infrastructure, industrialization, and manufacturing industry. The diesel penetration is up to 45% in light-duty vehicles & 95 % in heavy-duty vehicles.

Market key Players:

1. Delphi Automotive LLP
2. Bosal Nederland BV
3. Fridrich Boysen GmbH & Co. KG.
4. Johnson Mattey PLC
5. NGK Insulators Ltd.
6. BASF SE
7. Faurecia SE
8. Denso Corporation
9. Sinocat Environmental technology
10. HJS Emission Technology