Diesel Particulate Filter Market was valued at USD 17.18 billion in 2021 and is expected to reach USD 24.23 billion by 2029, registering a CAGR of 4.39% during the forecast period of 2022-2029.
Diesel Particulate Filter Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
Stringent Emission Regulation
The implementation of stringent emission regulation across the globe encouraging companies to develop emission free vehicles acts as one of the major factor driving the growth of diesel particulate filter market. These regulations comprise of two regulations including on-road vehicles and for off road vehicles.
Increase in demand for diesel engines
The surge in inclination towards diesel engines over gasoline engines owing to their superior fuel economy, durability, and reliability, associated with a favorable fuel tax situation further influence the market.
Demand of Heavy and Luxury Vehicles
The surge in demand of heavy and luxury vehicles rising along with the increase in diesel operated vehicles accelerate the market growth. Also, increase in the sales of passenger cars owing to the consumer preference toward economic vehicles assists in the expansion of the market.
Opportunities
Furthermore, increase in demand for other particulate filters extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
Market Definition
A diesel particulate filter, or DPF, refers to an exhaust aftertreatment device that assist in trapping particulate matter including ash and soot. A DPF generally makes the use of a substrate that is made of a ceramic material formed into a honeycomb structure. These filters are considered ideal for filtering out emissions and various types of pollutants from the vehicle. These are also beneficial in declining number of carbon and smoke emissions.
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Global Diesel Particulate Filter Market Scope
The diesel particulate filter market is segmented on the basis of substrate type, regeneration catalyst, equipment type, regeneration process and vehicle type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Substrate Type
Cordierite
Silicon Carbide
Others
Regeneration Catalyst
Platinum-Rhodium
Palladium-Rhodium
Platinum-Palladium-Rhodium
Equipment Type
Agriculture Equipment
Construction Equipment
Regeneration Process
Passive
Active-Fuel assisted
Active-Electrically Assisted
Vehicle Type
Passenger Car
LCV
Truck
Bus
Competitive Landscape and Diesel Particulate Filter Market Share Analysis
The diesel particulate filter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to diesel particulate filter market.Some of the major players operating in the diesel particulate filter market are
Johnson Matthey (UK)
Marelli Holdings Co., Ltd. (Italy)
BASF SE (Germany)
SANGO Co., Ltd (Japan)
Umicore (Belgium)
Perkins Engines Company Limited (UK)
CDTi Advanced Materials, Inc. (US)
Nett Technologies Inc. (Canada)
Eberspächer (Germany)
Continental AG (Germany)
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MAJOR TOC OF THE REPORT
Ø Chapter One: Introduction
Ø Chapter Two: Market Dynamics
Ø Chapter Four: Market Definition
Ø Chapter Three: Market Scope
Ø Chapter four: Market Share Analysis
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