Diesel Particulate Filter Market to offer profitable growth during 2019-24 with a healthy CAGR of 8.3%
February 19, 2020
Diesel Particulate Filter Market Overview:
Diesel Particulate Filter (DPF) Market is likely to witness a healthy CAGR of 8.3% during the forecast period. Rise in per capita income of consumers, increasing vehicle production, and stringent fuel emission standards are the major factors propelling the demand for DPF in the automotive industry.
The true picture of the market shall not emerge till the time the market is analysed from various point of views. Each vantage point give better understanding of the market. The market of Diesel Particulate Filter has been view from various perspectives such as:
•By Substrate Type (Cordierite, Silicon Carbide, Others)
•By Regeneration Catalyst Type (Platinum-Rhodium (Pt-Rh), Palladium-Rhodium (Pd-Rh), Platinum-Palladium-Rhodium (Pt-Pd-Rh)
•By Vehicle Type (Passenger Car, Light Commercial Vehicles, Truck, Bus)
•By Region (North America, Europe, Asia-Pacific, and RoW)
Each view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
? Which are the best performing segments of the market?
? Which is the most dominant region?
? Who are the movers and shakers of the market?
? What are the regional growth hotspots?
? What are the segmental growth forecasts?
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Diesel Particulate Filter Market Segment Insights:
The Silicon Carbide Segment: The growth engine
Based on the substrate type, the diesel particulate filter market is segmented as cordierite, silicon carbide, and other substrates. The silicon carbide segment dominated the market and is expected to remain the largest segment during the forecast period as well, owing to its wide-spread use in passenger cars.
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Dominance of: Palladium-Rhodium
Based on the regeneration catalyst type, the diesel particulate filter market has been segmented as Platinum-Rhodium, Palladium-Rhodium, and Platinum-Palladium-Rhodium. Palladium-Rhodium is the largest segment and is expected to remain dominant during the forecast period. However, the Platinum-Palladium-Rhodium segment is expected to witness the highest growth during 2019-2024, owing to their applicability in medium & heavy commercial vehicles. The penetration of DPF in medium & heavy commercial vehicle is expected to increase significantly owing to the implementation of stringent emission standards across the globe.
A highly/moderately/fragment consolidated Market
Some of the major players in the diesel particulate filter market are Faurecia, Tenneco Inc., Eberspächer, Johnson Matthey, Continental AG, Denso Corporation, Friedrich Boysen GmbH & Co. KG, BOSAL, Corning Incorporated, and CDTi Advanced Materials, Inc.
Regional Hegemony of Europe
Europe is the largest market for diesel particulate filters owing to stringent emission standards from the EU commission and presence of major OEMs and DPF suppliers in the region. Asia-Pacific is likely to witness the highest growth in the global diesel particulate filter market owing to the growing presence of major automotive OEMs in the region along with the implementation of stringent fuel emission standards in countries, such as China, India, and ASEAN.
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Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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