Diesel Particulate Filter Market Size, Share, Trends, Growth, Analysis, Research

Global Diesel Particulate Filter Market: Key Highlights

  • According to the new market research report Diesel Particulate Filter Market by Regeneration Method (Active Regeneration, Passive Regeneration, Forced Regeneration), by Material (Cordierite, Silicon Carbide (SiC), Aluminum Titanate (Al2TiO5), Others), by Vehicle Type (Passenger Vehicles, Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV)), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2019 to 2024)”, the global diesel particulate filter market is estimated to reach USD 22.3 Billion by 2024 at a CAGR of around 11.7% during the review period.
  • Diesel particulate filters helps to prevent the release of diesel particulates into atmosphere by physically capturing them
  • Diesel particulate filters improve the filtration efficiencies, and improve mechanical and thermal durability of vehicles
  • These are fitted to meet emission regulations and it is an offence to use a vehicle that no longer complies with the emission standards.

Diesel Particulate Filter Market

Global Diesel Particulate Filter Market: Key Market Dynamics

  • Stringent emission regulation imposed by governments of various countries to protect the environment form emission of harmful volatile organic compound has expected to boost the demand for diesel particulate filter market.
  • Rise in demand for durable automotive components to obtain the highest efficiency has expected to boost the market growth.
  • Higher maintenance associated with diesel particular filter may hinder the market growth.

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Global Diesel Particulate Filter Market: Regional Overview

  • Europe

Europe is expected to dominate the diesel particulate filter market owing to the presence of key automotive players such as Ford, BMW, Volkswagen, and others. Additionally, increasing strict norms and regulations from environment protection agencies to reduce the release of particulars in atmosphere by use of advanced technology has expected to surge the demand for diesel particulate filters. According to the report published by European Parliament, 72% of total CO2 emissions of the European Union comes from automotive vehicles.

  • Asia-Pacific

Asia-Pacific region is expected to grow at a substantial rate during the forecasted period. This is attributed by the growing presence of major automotive OEMs in the region along with the implementation of stringent fuel emission standards in countries, such as India, China, and others.

Global Diesel Particulate Filter Market: Key Players Overview

  •  Faurecia:

Faurecia is a global leader in automotive technology which engages in the provision of innovative solutions to automotive challenges. The company operates in business segments namely seating, electronics, and clean mobility. In Sep 2018, the company launched DPF Maintenance Machine for clean service performance in Automechanika trade fair which will help to improve emission reduction of vehicles

  • Tenneco Inc.:

Tenneco Inc. was incorporated in 1940, and operates through clean air, powertrain, motorparts, ride performance business segment. The company generated revenue of USD 17.45 billion in 2019. It has 161 manufacturing sites, and 21 engineering & technical centers across the globe. On October 1, 2018, Tenneco completed the acquisition of Federal-Mogul, a leading global supplier to original equipment manufacturers and the aftermarket.

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Rep Id : AT 028

Published : 2020-01-15