Global Diesel Particulate Filter (DPF) Market is valued USD 9.6 billion in 2016 is anticipated to grow USD 26.5 billion with the compounded annual growth of 11.94% over the forecast period 2018-2025.
New York 29 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Diesel Particulate Filter (DPF) market industry is poised to raise USD 26.5 billion by 2025. Increasing environment safety awareness, strict emission standards and increasing demand for diesel engine-based vehicles, are the major factors which are driving in the growth of the Global Diesel Particulate Filter (DPF) Market. Diesel particulate filters (DPF) are devices that capture diesel particulates to prevent them from releasing in the atmosphere. However, rising technology is providing alternatives to the other fuel-based vehicles like gasoline-based vehicles may challenge the manufacturers. And increasing use of electric vehicles and gasoline-based vehicles in order to minimize environmental pollution, a move towards the use of gasoline and electric vehicles over conventional fuel-based vehicles is being observed, and this hinders the overall growth of the Global Diesel Particulate Filter (DPF) Market. Diesel particulate filter materials have been developed to provide proficient filtration, with good thermal mechanical abilities. Diesel filters are very effective in controlling of particulate emissions but may be less effective or ineffective in controlling liquid fractions of particulate emission. Diesel particulate filters are widely used in the automotive sector as like light and heavy-duty on-road diesel-based vehicles and for off-road diesel engines. Growth in the transportation industry and sales of the heavy commercial vehicle (HCV) is resulting the rise in of diesel particulate filter. Environmental concerns are forcing the market for diesel particulate filter, hence the demand for more efficient diesel particulate filter is fuelling the market. Increasing need for cost reduction, demand for strategic and improved hiring decisions, and involvement of social media for recruitment purpose are the major factors which are driving the growth in the Global Diesel Particulate Filter (DPF) Market.
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Global Diesel Particulate Filter (DPF) Market Size study, by Substrate (Cordierite, Silicon Carbide), by Regeneration Catalyst (Platinum-Rhodium, Palladium-Rhodium, Platinum-Palladium-Rhodium), by On-Highway Vehicle (Passenger Car, Light Commercial Vehicles, Truck, Bus) and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Faurecia, Tenneco, Eberspaecher, BASF, Johnson Matthey, Continental, Denso, Friedrich Boysen, Bosal, NGK Insulators, Corning, Clean Diesel Technologies, Rypos, Katcon, Unicore, Yungjin, Yutaka Giken, Ibiden, Sankei Giken Kogyo and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North American region accounted for the significant market share, more than XX% of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Silicon Carbide
By Regeneration Catalyst:
- Platinum-Rhodium (Pt-Rh)
- Palladium-Rhodium (Pd-Rh)
- Platinum-Palladium-Rhodium (Pt-Pd-Rh)
By On-Highway Vehicle:
- Passenger Car
- Light Commercial Vehicles
- North America
- Asia Pacific
- Latin America
- Rest of the World