The diesel particulate filter market (DPF) is primarily driven by the increasing stringency of emission regulations across the globe. The OE DPF market is projected to grow at a CAGR of 11.29% during the forecast period. From an estimated market size of USD 10.55 billion in 2018, it is projected to reach a market size of USD 24.81 billion by 2025. The DPF aftermarket is projected to grow at a CAGR of 3.89% during the forecast period, from an estimated market size of USD 15.18 billion in 2018 to USD 20.59 billion by 2025.
Pd-Rh regeneration catalyst is projected to have the largest demand in the diesel particulate filter market
The majority of light-duty vehicles (LDVs) use PD-Rh regeneration catalyst combinations. According to estimates, this combination is used by more than 70% of LDVs. The use of this combination is anticipated to rise further as demand for light-duty vehicles rises. In 2018, the Pd-Rh regeneration catalyst combination holds the biggest market share, and by 2025, that share is expected to rise even further. This mixture is also heat-resistant, which is essential for the regeneration process. As a result, the Pd-Rh regeneration catalyst holds the biggest market share for diesel particle filters.
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Silicon Carbide is estimated to have the fastest growth in the diesel particulate filter market
Other than cordierite, a primary substrate for DPF is silicon carbide. In comparison to cordierite, the Silicon Carbide DPF substrate has homogeneous pore structure because of improved control over the raw ingredients and manufacturing process. This makes it continuously able to capture particle debris, which promotes safer regeneration. Contrary to cordierite substrate, silicon carbide has a higher filtration efficiency. This material is capable of withstanding temperatures of up to 2200 degrees Celsius. As a result, it is less likely to melt at high temperatures. Compared to cordierite, it is stronger mechanically and has better chemical stability, thermal shock resistance, and thermal conductivity.
Due to its exceptional characteristics, silicon carbide is used as a substrate for LDVs throughout Europe and North America. The chosen substrate in high-end passenger cars and LCVs is silicon carbide. The production of premium passenger vehicles is expected to rise, especially in Asia Pacific, and strict emission rules are predicted to go into effect by 2020. As a result, the silicon carbide DPF market is expected to expand significantly over the course of the forecast period.
Increasing demand for diesel vehicle and upcoming emission regulations would drive the Asia Pacific Diesel particulate filter market
China, Japan, India, South Korea, Indonesia, Thailand, and other countries are part of the Asia Pacific DPF market. Customers in the area favor affordable, little cars. The region has experienced higher growth than the more established markets of Europe and North America due to factors like low production costs, the availability of affordable labor, lax pollution and safety regulations, and government pushes for FDI. At a CAGR of 3.2%, the region’s vehicle production climbed from 45.6 million units in 2012 to 53.4 million units in 2017. Each country in the Asia Pacific has a different level of passenger car diesel penetration. It is higher in South Korea and India at 25–30%, whereas it is the lowest in Japan at 5–7%. It stands about 10-12% in China. Diesel penetration for LCVs is higher in India, Japan, and South Korea, at 85–90%, compared to China, where it is at 70–75%. The highest car production in the region is found in China and India. Due to lax pollution standards, they have, however, had limited DPF penetration. This situation is expected to change because both nations have resolved to put strict emission rules into place after 2020 in order to address the rising levels of air pollution. As a result, it is anticipated that over the projected period, demand for DPF would rise in the Asia Pacific region.
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Key Market Players
The 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).
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