Diesel Particulate Filter Market: Future Growth And Opportunities Revealed By Techsci Research

Posted by Kumar on May 26th, 2023

The global diesel particulate filter market is poised to experience a significant growth rate due to several factors. Firstly, there is an increasing demand for diesel vehicles, particularly trucks used in logistics and transportation. This, coupled with stringent emission regulations worldwide and rising concerns for environmental safety, contributes to the projected double-digit growth rate. Technological advancements have also led to the development of efficient diesel particulate filters, creating opportunities for manufacturing companies to expand their market presence.

Automobile companies are increasingly utilizing diesel particulate filters as they enhance vehicle performance, reduce fuel consumption, and provide better transient response. Furthermore, diesel particulate filters help to lower the total operating cost of the system compared to non-diesel particulate filter systems. The growing industrialization, especially in developing countries, leads to an increased demand for commercial vehicles, further boosting the diesel particulate filter market. This is primarily due to the mandatory use of diesel particulate filters to comply with stringent emission norms. Additionally, rising health concerns drive the demand for reducing carbon and other particulate emissions from automobile exhausts. Consequently, these factors are expected to drive the demand for diesel particulate filters in the coming years.

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However, the growth of the diesel particulate filter market may face certain hindrances. The high cost of diesel particulate filters and government initiatives promoting electric vehicles, which do not require such filters, are major factors impeding the market's growth.

The global diesel particulate filter market is categorized based on substrate type, regeneration catalyst, vehicle type, sales channel, and region. Substrate types include cordierite, silicon carbide, and others. Among these, the silicon carbide segment holds the largest market share due to its widespread use in light commercial vehicles and passenger cars. As the production of these vehicles increases, silicon carbide becomes the preferred choice for manufacturing. In terms of vehicle type, the passenger car segment dominates the diesel particulate filter market due to the rising sales of passenger cars. The growing demand for luxury passenger cars worldwide is also expected to drive the demand for diesel particulate filters in the forecast years.

Key players in the global diesel particulate filter market include Delphi Automotive LLP, BASF SE, Bosal Nederland BV, Denso Corp, Eberspaecher Gruppe GmbH & Co KG, Faurecia SE, Friedrich Boysen GmbH & Co KG, Johnson Matthey PLC, Tenneco Inc., NGK Insulators Ltd, and others. These companies are closely monitoring the shifting trends towards BS VI and EU V vehicles, which require diesel particulate filters.

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“Regionally, Europe accounts for largest market share in global diesel particulate filter market. The region is witnessing significant demand for diesel particulate filters on account stringent norms to reduce release of particulates in the atmosphere from various environment protection agencies. This has motivated automobile manufacturers in the region to use diesel particulate filters in their automotive engines. However, the manufacturers need to focus on developing advanced technologies to supplement the market growth and give tough competition to electronic vehicle manufacturers,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Diesel Particulate Filter Market By Substrate Type (Cordierite, Silicon Carbide, Others), By Regeneration Catalyst (Platinum-Rhodium (Pt-Rh), Palladium-Rhodium (Pd-Rh), Platinum-Palladium-Rhodium (Pt-Pd-Rh)), By Vehicle Type (Passenger Car, Light Commercial Vehicles (LCV), Truck, Bus, Off Highway Vehicles), By Sales Channel (OEM, Aftermarket), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global diesel particulate filter market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global diesel particulate filter market.