Diesel Particulate Filter to Achieve Healthy Growth Rate During Next Five Years
Stringent emission limits
for on-road as well as off-road vehicles and rising demand for diesel engines
to drive the growth of global diesel particulate filter market
According
to TechSci Research report, “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
Sale Channel (OEM, Aftermarket), By Region, Forecast & Opportunities, 2025”, the global diesel particulate filter market is expected to
witness double digit growth rate owing to factors like increasing demand for diesel
vehicles such as trucks in logistics and transportation, etc., stringent
emission regulations around the world and rising environment safety concerns. Technological
advancements have led to development of efficient diesel particulate filters, which
has provided great opportunities for manufacturing companies to expand their presence
in this market. Automobile companies are using diesel particulate filters as
they improve the performance of vehicles, lower fuel consumption and provide
better transient response. In comparison to a non-diesel particulate filter
system, diesel particulate filters also help in reducing the total operating
cost of the system. Additionally, increasing demand for commercial vehicles due
to the growing industrialization, especially in developing countries, is further
anticipated to boost the growth of diesel particulate filter market across the
globe. This is because of the reason that is has been made mandatory to use
diesel particulate filters due to stringent emission norms. Also, rising health
concerns is resulting in increased demand for reducing carbon and other
particulate emissions from automobile exhausts. Hence, these factors are anticipated
to fuel the demand for diesel particulate filters in the coming years. However,
diesel particulate filter market might also face some hindrance in its growth. High
cost of diesel particulate filters and push by the governments to promote electronic
vehicles which do not require diesel particulate filters, are some of the major
factors hampering the growth of global diesel particulate filters market.
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The global
diesel particulate filter market is segmented based on substrate type,
regeneration catalyst, vehicle type, sales channel and region. Based on
substrate type, the diesel particulate filter market is segmented into cordierite,
silicon carbide and others. Among them, the silicon carbide segment holds the
largest share in the market owing to its large-scale use in light commercial
vehicles and passenger cars. As the production of these vehicles is increasing,
silicon carbide is majorly being used for manufacturing of these vehicles. Based
on vehicle type, the market is segmented into passenger car, Light Commercial
Vehicles (LCV), truck, bus and off highway vehicles. The passenger car segment
holds dominance in the diesel particulate filter market owing to rise in sales
of passenger cars. Also, growing demand for luxury passenger cars worldwide, is
anticipated to accelerate the demand for diesel particulate filters during the
forecast years.
Major players operating 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. The companies are observing shifting trends towards,
BS VI and EU V vehicles which require diesel particulate filter.
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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.
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