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The industrial and automotive sector in today’s world is still heavily dependent on fossil fuels such as diesel and gasoline. Diesel is still being used as the prime fuel in almost every type of vehicle coming under heavy duty and light duty category. The use of diesel over the years has led to increased harmful emissions which have brought diesel particulate filters into the spotlight. As the diesel particulate filter breaks down the solid particulates in exhaust systems of vehicles and industrial machinery to reduce the content of harmful pollutants released, these are expected to witness high demand in the coming years. Particularly these filters remove soot which has high contents of carbon from the exhaust gas by capturing it during the exhaustion. With the use of an optimal diesel particulate filter (DPF), the soot emissions may be decreased to 0.001 g/km or less. These filters have shown a remarkable above 90% efficiency in capturing the exhaust gas which contains particles harmful to human health and the environment.
Based on products, the global diesel particulate filter market can be segmented into cordierite, silicon carbide, and others. The wide application of silicon carbide across heavy and light-duty vehicles has led to its domination in the market.
Based on type, the global diesel particulate filter market can be segmented into disposable and regenerative filters. The regenerative filters provide the advantage of reusing the filter using various auto cleaning techniques and therefore is expected to witness healthy growth in coming years.
Based on application, the market can be segmented into heavy-duty vehicles, light-duty vehicles, passenger cars, and others. Diesel fuel is preferred for heavy-duty vehicles and other fuel options are now available for other types of vehicles. Therefore, the heavy-duty vehicle segment has dominated the market over the years and this trend is expected to be continued during the forecast period.
The key market driver for the global diesel particulate filter market is the strict government regulations regarding air pollution control in each country and region. For instance, norms such as National Ambient Air Quality Standards in the USA, Euro standards in Europe, and Bharat Stage emission standards in India to control air pollution and the rising concerns over the increasing greenhouse gases, ozone depletion, and ecosystem. These factors along with the excellent operating efficiency of filters will drive their adoption.
The key market restraint for the global diesel particulate filter market is the increasing adoption of renewable sources of energy for industrial and automotive applications. The adoption of renewable sources will eliminate the need for engines operating on diesel and therefore eliminate the demand for diesel particulate filters.
Key Market Driver -
Rising industrialization and strict government regulations regarding emissions.
Key Market Restraint -
Increasing adoption of renewable sources of energy.
Key players operating in the global diesel particulate filter market are BASF, Umicore, Corning Incorporated, Johnson Matthey, Cataler North America, Heraeus, Tenneco, Bosal, Solvay, Interkat Catalyst GmbH, and Nett Technologies Inc
The global diesel particulate filter market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The presence of a healthy industrial sector and the automotive sector has been the prime factor for the domination of Europe in the market. Adding to this have been the stringent regulations by the governing bodies of the region regarding emissions which have led to increased adoption of these filters in the region. Similarly, the main concerns over controlling the NOx and SOx emissions which contribute to ozone depletion have been the driving forces for the market in North America. Further, Asia Pacific is expected to witness maximum growth in the market with the rising number of automobile sales, manufacturing industries in the region. Further, the rising population and rapid urbanization being witnessed in the region have led governments to emphasize efficient public transport, bringing efficient engines with low emission % in the market and strict laws regarding emissions. These all factors coming together make the Asia Pacific the most lucrative region for investors.
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