The major factors driving the market growth are the rising stringency of emission norms and the increasing adoption of GPFs in passenger cars. However, the expensive price of GPFs is limiting market expansion.
Stringent emission norms are being implemented across the globe to reduce vehicular pollution. In order to meet these norms, vehicle manufacturers are increasingly adopting gasoline particulate filters (GPFs). GPFs trap and remove particulate matter (PM) from exhaust gases generated by gasoline-powered engines, thereby reducing emissions.
As the demand for gasoline and diesel vehicles continues to increase, so does the need for better engine performance and emission reduction. Gasoline particulate filters (GPF) have been shown to be an effective means of reducing emissions from these types of engines. GPFs are typically located in the exhaust system after the catalytic converter. They function by capturing particles in the filter media's pores as exhaust gases pass past them. The trapped particles may accumulate over time and clog the GPF as a result. When this occurs, the GPF needs to be changed.
The following are some benefits of employing gasoline particulate filters:
-A reduction in the release of dangerous pollutants such as nitrogen oxides, hydrocarbons, and carbon monoxide (NOx)
-Improved fuel economy due to reduced back pressure on the engine
-Prolonged lifespan of the catalytic converter
A gasoline particulate filter (GPF) is a device that is installed in the exhaust system of a gasoline-powered vehicle to trap and reduce emissions of particulate matter (PM), also known as soot.
GPFs are designed to work with the engine’s combustion process to capture and remove PM from the exhaust gas before it can exit the tailpipe. In doing so, GPFs can reduce a vehicle’s emissions of PM by up to 90%.
The cordierite type and other forms of GPFs are the two primary categories. Usually seen in passenger cars, cordierite-type GPFs are constructed of a ceramic material that can endure high temperatures. Other types of GPFs, which are frequently used in commercial vehicles, include those composed of metallic materials like stainless steel or titanium. The market is driven by factors such as stringent emission regulations, increasing demand for clean and efficient vehicles, and the need to reduce vehicle emissions in order to improve air quality.
Type, application, and geographic regions are the segments used to divide the market for gasoline particulate filters. The market is split into cordierite type and other type segments based on type. The market is divided into two categories based on application: passenger cars and commercial vehicles. The market has been further segmented.
The global gasoline particulate filter (GPF) market is expected to reach USD 4.51 billion by 2031 from an estimated USD 1.91 billion in 2021, at a CAGR of 12.8%.
This growth can be attributed to the increasing stringency of emission norms for vehicles and the growing focus on reducing particulate matter (PM) emissions from gasoline-powered vehicles.
Cordierite-type GPFs are expected to hold the largest share of the GPF market during the forecast period. The cordierite type GPFs segment is projected to grow at the highest CAGR during the forecast period due to their superior performance and low cost compared to other types of GPFs such as silicon carbide (SiC) and aluminium titanate (AT).
The commercial vehicles application segment is estimated to be the fastest-growing application of GPFs during the forecast period. The growth of this segment can be attributed to the increasing focus on reducing PM emissions from trucks and buses, which are major contributors to air pollution.
North America is estimated to be the largest market for gasoline particulate filters during the forecast period. The region has stringent emission norms, especially in developed countries such as the US and Canada, which have driven the demand for GPFs in North America.
The restraining factors of the market are as follows:
-The cost of GPF is high and is a key restraint for market growth.
-Stringent emission norms in developed countries have been a major challenge for aftermarket players.
-Lack of awareness about GPF technology and lack of trained personnel to install and maintain GPFs are other restraints for the market growth.
The key players in the gasoline particulate filter market are Corning Inc., Umicore N.V., and Johnson Matthey PLC. These companies are expected to hold a major share of the market during the forecast period. The other players operating in the market include Faurecia SA, DENSO Corporation, and Eberspächer Group SE & Co. KGaA.
The Gasoline Particulate Filters segment forms the major portion of the market
The market for gasoline particulate filters is expected to grow during the forecast period. The main reason for this growth is the rising demand for cleaner burning engines and the need to meet ever-tightening emissions regulations. Gasoline particulate filters are an effective way to reduce particulate matter emissions from gasoline-powered vehicles. There are two main types of gasoline particulate filters: cordierite type and others (such as metal fibre type).
Cordierite Segment to be on top of the market
The cordierite type is expected to be the largest segment during the forecast period, due to its lower cost and better performance compared to other types of filters. This is attributed to the increasing demand for gasoline particulate filters (GPF) from various end-use industries, such as passenger cars, commercial vehicles, and others. GPFs are used in these industries to trap and remove particulate matter from exhaust gases emitted by internal combustion engines. This helps reduce emissions of harmful pollutants, such as carbon monoxide (CO), nitrogen oxides (NOx), and hydrocarbons (HC).
Asia-Pacific to dominate the market
The Asia Pacific region is expected to witness rapid growth during the forecast period
On account of the growing automotive industry in countries such as China, India, South Korea, and Japan. Additionally, rising industrialization and construction activities in the region are expected to contribute to the market demand.
Covid-19 Impact & Market Status
The COVID-19 pandemic has resulted in a decrease in demand for gasoline particulate filters (GPFs) due to the slowdown in vehicle production and sales. The market is expected to recover from the pandemic-induced downturn in 2021. GPFs are used in vehicles to trap and reduce emissions of particulate matter (PM), including soot, dust, and other harmful particles. They are required by regulations in many countries to meet emission standards for new vehicles. However, the high cost of GPFs is a major challenge to the growth of the market.
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The European Union (EU) introduced the Euro 6 emission standards, which went into effect in September 2014. These standards were further tightened in September 2017, with the implementation of the Real Driving Emissions (RDE) package. The RDE package includes on-road testing of vehicles using portable emission measurement systems (PEMS). Euro 6 compliant GPFs are required for all new passenger cars and light commercial vehicles sold in the EU from September 2019 onwards.
Similarly, in January 2017, China implemented the China IV emission standards for gasoline-powered passenger cars. These standards will be tightened to China VI in 2020. GPFs are required for all new passenger cars sold in China from 2020 onwards.
Gasoline Particulate Filters Market Scope
|Revenue forecast in 2031
|USD 4.51 billion
|CAGR of 12.8% during 2021-2031
|Type, Application, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|Corning Inc., Umicore N.V., and Johnson Matthey PLC. These companies are expected to hold a major share of the market during the forecast period. The other players operating in the market include Faurecia SA, DENSO Corporation, and Eberspächer Group SE & Co. KGaA.
Key Segment of Global Gasoline Particulate Filters (GPF) Market
By Type Overview (USD Billion)
- Cordierite Type
By Application Overview (USD Billion)
- Passenger Car
- Other Vehicles
By Region Overview (USD Billion)
- Rest of Asia Pacific
- Rest of North America
- Rest of Europe
Middle East and Africa