The OE Diesel Particulate Filter Market is projected to grow at a CAGR of 11.29% during the forecast period and is projected to reach a market size of USD 24.81 billion by 2025, from an estimated market size of USD 10.55 billion in 2018. 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.
Major factors driving the growth of this market include the introduction of stringent emission regulations and increased demand for diesel engines in developing countries.
The major players in the diesel particulate filter market are Faurecia (France), BASF (Germany), Tenneco (US), Eberspaecher (Germany), Johnson Matthey (UK), Denso (Japan), Continental (Germany), Bosal (Belgium), Friedrich Boysen (Germany), and NGK Insulators (Japan).
- Increase in demand for other particulate filters
- Introduction of Active Regenerative Electronically Controlled DPF
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Electrically Assisted DPF: A Promising Technology for Emission Control
Electrically assisted diesel particulate filter improves fuel economy by reducing the amount of fuel needed to heat the diesel particulate matter up to the necessary level for them to “burn off” the soot. It achieves this with the help of an additional electric heater that helps raise the temperature substantially. This helps drivers achieve lower emissions on shorter trips when a traditional DPF does not have enough time to complete a regeneration cycle. The use of DPFs, thus, increases the fuel efficiency of the equipment. With increasing focus on improving the fuel efficiency to meet emission regulations, electrically assisted DPF represents a good opportunity for the existing players in the DPF market.
Emission Regulations in Developing Countries to Drive the DPF Market
The increasing stringency of emission regulations in developing countries in the Asia Pacific such as India and China augurs well for diesel particulate filter manufacturers. India and China plan to implement stringent emission regulations by 2020. These countries have a large diesel vehicle production, which remains an untapped market for DPF. Due to the huge requirement, Asia Pacific is projected to be the fastest-growing market for DPF during the forecast period.
Platinum-Palladium-Rhodium to be the fastest Growing Regenerative Catalyst for the DPF Market
Platinum-Palladium-Rhodium is used as a catalyst in heavy-duty vehicles due to its better thermal and chemical stability. As heavy-duty vehicles have a higher diesel vehicle penetration, the market for Pt-Pd-Rh would significantly increase with the stringent emission regulations that are proposed to be implemented.
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Major Market Developments:
- In March 2018, Faurecia announced that it inaugurated its 15th plant in Mexico, located in San Jose Iturbide, Guanajuato. The 110,000-square-meter facility, part of Faurecia’s Clean Mobility division, would manufacture exhaust systems for GM and FCA.
- In November 2017, BASF SE established a chemical catalysts manufacturing plant in Caojing, Shanghai, China. The new plant is BASF’s first chemical catalysts manufacturing facility in the Asia Pacific region. It serves its clientele in the Pacific
- In May 2017, Tenneco announced that it had signed an agreement to acquire Federal-Mogul. Federal-Mogul was acquired from Icahn Enterprises. It plans to separate the combined businesses into two independents, publicly traded companies an aftermarket & ride performance company and a powertrain technology company.