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(I-AutoNewsWire.com, February 08, 2021 ) The OE Diesel Particulate Filter Market is projected to grow at a CAGR of 11.29% during the forecast period. From an estimated market size of $10.55 billion in 2018, it is projected to reach a market size of $24.81 billion by 2025.
The Diesel Particulate Filter Aftermarket is projected to grow at a CAGR of 3.89% during the forecast period, from an estimated market size of $15.18 billion in 2018 to $20.59 billion by 2025.
This growth can be attributed to the increasing stringency of emission regulations in several countries.
The automotive diesel particulate filter market consists of manufacturers such as Faurecia (France), Tenneco (US), Eberspaecher (Germany), BASF (Germany), Johnson Matthey (UK), Continental (Germany), Bosal (Belgium), Denso (Japan), Friedrich Boysen (Germany), and NGK Insulators (Japan).
1. Increase in demand for other particulate filters
2. Introduction of Active Regenerative Electronically Controlled DPF
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Pd-Rh regeneration catalyst is estimated to be the largest segment of DPF market, by regeneration catalyst, due to its increasing use in most of the passenger cars. Pt-Pd-Rh regeneration catalyst is the fastest-growing segment due to its use in heavy commercial vehicles. The diesel penetration in HCV is the highest among all vehicle types. Thus, to conform to the emission regulations, the use of DPF in HCV would increase drastically during the forecast period.
Silicon carbide is the largest segment of the DPF market, by substrate, due to its large-scale use in passenger cars. It is also the fastest-growing segment during the forecast period. Emission regulations in developing countries are projected to increase the use of silicon carbide. The production of passenger cars is significantly higher than commercial vehicles, making passenger cars the largest market for silicon carbide DPF.
Critical Questions Which the Report Answers:
1. Which new regions DPF companies are exploring for potential business avenues?
2. Which are the key players in the market and how intense is the competition?
3. Where will all these developments take the industry in the mid to long term?
4. How will the mandates affect the global market?
Mr. Aashish Mehra