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Diesel Particulate Filter Market Outlook 2023: Recent Developments and Business Insights

Market Overview

The Global Diesel Particulate Filter Market is expected to attain a value of USD 15 billion in 2023, and it is projected to witness significant growth, reaching USD 31.9 billion by 2032, with a CAGR (compound annual growth rate) of 8.7% during the forecast period (2023-2032).

Diesel particulate filters are emission control devices that physically capture diesel particulate matter from exhaust gases of diesel engines through filtration. DPFs reduce emission of particulate matter and black carbon, a climate change contributor.

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Market Leading Segments
By Vehicle Type

• Passenger Vehicles
• Light Commercial Vehicles (LCV)
• Heavy Commercial Vehicles (HCV)
• Off-Highway Vehicles

By Material

• Cordierite Wall Flow Filter
• Silicon Carbide Wall Flow Filter
• Ceramic Fiber Filters
• Others

By Regeneration Catalyst

• Platinum-Rhodium (Pt-Rh)
• Palladium-Rhodium (Pd- Rh)
• Platinum-Palladium-Rhodium (Pt-Pd-Rh)

By Distribution Channel

• OEM (Original Equipment Manufacturer)
• Aftersales

Market Key Players

• FORVIA Faurecia
• Tenneco Inc.
• Eberspaecher
• Johnson Matthey
• Continental AG
• Denso Corporation
• BOSAL
• Umicore
• BASF SE
• CDTi Advanced Materials, Inc.
• NGK INSULATORS, LTD
• Other Key Players

Market Trends
Development of more advanced materials like cordierite enabling reliable regeneration and extended filter lifetimes
Adoption of catalyzed diesel particulate filters with lower ash accumulation rates
Industry shift towards SiC-DPFs to handle faster regeneration cycles in gasoline direct injection engines

Factors Driving Demand
Stringent regulations regarding diesel engine emission norms driving OEM adoption of DPFs
Proposed implementation of real driving emissions and Worldwide harmonized Light vehicle Test Procedures accelerating install rates
Growing vehicle parc and rising disposable incomes in emerging economies fueling aftermarket segment

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Challenges
Cost sensitivity hampering uptake across entry and mid-range vehicle segments, especially in price conscious markets
Reliability concerns, need for maintenance of filter systems adding wariness among some end-users
Opportunities
Retrofitting older vehicles lacking appropriate after-treatment technologies
Development of new compliance testing methods and reporting procedures to curb emissions fraud

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