Diesel Particulate Filter Market Growth Analysis | 2023-2028

Market Insights

The diesel particulate filter market was estimated at USD 17.8 billion in 2022 and is likely to grow at a CAGR of 11.19% during 2023-2028 to reach USD 33.73 billion in 2028.

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Market Dynamics

Introduction

Diesel particulate filter may seem to be an unknown device, but it is of the highest importance in any automotive type. It is the filtering device that is used in removing the particulate matter of diesel from the diesel engine or exhaust gas. Diesel particulate filter is used across a wide number of vehicles, such as passenger cars, light commercial vehicles, trucks, and buses.

Market Drivers

The major factors driving the growth of the diesel particulate filter market are:

• The rise in the per capita income of consumers.
• Increasing vehicle production.
• Stringent fuel emission standards.

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Key Players

Some of the major players in the market are:

• Faurecia
• Tenneco Inc.
• Eberspächer
• Johnson Matthey
• Continental AG
• Denso Corporation
• Friedrich Boysen GmbH & Co. KG
• BOSAL
• Corning Incorporated
• CDTi Advanced Materials, Inc.

Note: The above list does not necessarily include all the top players in the market.

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Segments Analysis

By Substrate Type

Based on the substrate type, the diesel particulate filter market is segmented as cordierite, silicon carbide, and other substrates. The silicon carbide segment dominated the market and is expected to remain the largest segment during the forecast period as well, owing to its widespread use in passenger cars.

By Regeneration Catalyst Type

Based on the regeneration catalyst type, the market has been segmented as Platinum-Rhodium, Palladium-Rhodium, and Platinum-Palladium-Rhodium. Palladium-Rhodium is the largest segment and is expected to remain dominant during the forecast period. However, the Platinum-Palladium-Rhodium segment is expected to witness the highest growth during the forecast period, owing to their applicability in medium & heavy commercial vehicles. The penetration of DPF in medium & heavy commercial vehicles is expected to increase significantly owing to the implementation of stringent emission standards across the globe.

Regional Insights

Europe is the largest market for diesel particulate filters owing to stringent emission standards from the EU Commission and the presence of major OEMs and DPF suppliers in the region. Asia-Pacific is likely to witness the highest growth in the global market owing to the growing presence of major automotive OEMs in the region along with the implementation of stringent fuel emission standards in countries such as China, India, and ASEAN.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects diesel particulate filter market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The diesel particulate filter market is segmented into the following categories:

By Substrate Type

• Cordierite
• Silicon Carbide
• Others

By Regeneration Catalyst Type

• Platinum-Rhodium (Pt-Rh)
• Palladium-Rhodium (Pd-Rh)
• Platinum-Palladium-Rhodium (Pt-Pd-Rh)

By Vehicle Type

• Passenger Car
• Light Commercial Vehicles
• Truck
• Bus

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the vehicle types by regeneration catalyst type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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