Press release
Gasoline Particulate Filter Market to Witness Strong Growth, Expected to Reach US$ 4.8 Bn by 2031 with a 14.5% CAGR | Persistence Market Research
The global gasoline particulate filter (GPF) market is experiencing substantial growth, driven by increasing environmental regulations and growing consumer demand for cleaner, more fuel-efficient vehicles. With concerns over air pollution and harmful emissions on the rise, governments worldwide are enforcing stricter emission standards for automotive manufacturers, pushing the demand for gasoline particulate filters. The GPF market is expected to reach a value of US$ 4.8 billion by 2031, growing at a compound annual growth rate (CAGR) of 14.5% from 2024 to 2031. These filters play a crucial role in reducing particulate emissions from gasoline engines, aligning with the global trend of transitioning to more environmentally friendly automotive technologies.The GPF market is particularly driven by the growing focus on reducing harmful emissions in passenger and commercial vehicles. In addition to regulatory pressures, advancements in GPF technology, such as improved filtration efficiency, are boosting market growth. Among the key segments, the passenger vehicle segment is anticipated to lead the market, primarily due to the increasing production of gasoline-powered vehicles with stricter emission requirements. Geographically, Europe is expected to dominate the market due to stringent emission regulations and early adoption of GPF technology, followed by North America and Asia-Pacific, which are also rapidly advancing in environmental standards for the automotive industry.
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⏩ Key Highlights from the Report
• The global gasoline particulate filter market is expected to reach US$ 4.8 billion by 2031.
• The market is projected to grow at a CAGR of 14.5% during the forecast period (2024-2031).
• The growing adoption of stricter emission standards is driving market growth.
• Passenger vehicles dominate the market, followed by commercial vehicles.
• Europe is expected to remain the leading region due to stringent regulatory policies.
• Technological advancements in GPFs are improving the overall efficiency of emission filtration.
⏩ Market Segmentation
The gasoline particulate filter market is segmented into several key categories: product type, vehicle type, and end-user industry. Based on product type, GPFs are commonly classified into wall-flow filters and flow-through filters. Wall-flow filters are widely used due to their higher filtration efficiency, which makes them ideal for capturing a broad range of particulate matter in exhaust systems. Flow-through filters, on the other hand, are becoming popular in applications where lower filtration efficiency is acceptable.
The market is also segmented by vehicle type, with the primary focus on passenger vehicles, followed by commercial vehicles, including light-duty and heavy-duty trucks. The passenger vehicle segment is anticipated to dominate the market owing to the high number of gasoline-powered cars being produced globally, as well as the adoption of stricter emission norms in various regions. The increasing demand for electric vehicles (EVs) could also indirectly impact the gasoline particulate filter market as automakers adapt to evolving regulations for both gasoline-powered and hybrid electric vehicles.
■ Regional Insights
Europe is expected to dominate the global gasoline particulate filter market, primarily due to the stringent emission regulations enforced by regulatory bodies like the European Union. Regulations such as Euro 6d-TEMP and the tightening of NOx and particulate matter emissions have pushed automakers to adopt advanced particulate filtering systems like GPFs. Additionally, the presence of major automotive manufacturers in countries like Germany, France, and the UK has accelerated the adoption of GPF technology in the region.
In North America, particularly the United States, the demand for gasoline particulate filters is expected to grow steadily due to increasing regulatory focus on vehicle emissions. The Environmental Protection Agency (EPA) and California Air Resources Board (CARB) have introduced stringent emission standards, which require automotive manufacturers to incorporate advanced filtration systems in gasoline-powered vehicles. Similarly, in the Asia-Pacific region, countries like China, Japan, and South Korea are expected to see a rise in demand for GPFs as the automotive industry continues to grow, along with the tightening of emission standards.
■ Market Drivers
The primary driver of the gasoline particulate filter market is the rising global demand for cleaner air and stricter environmental regulations. Governments and environmental agencies across the world are imposing tougher emission standards to reduce air pollution and combat climate change. In Europe, for example, the introduction of Euro 6d-TEMP standards, which limit particulate matter emissions from gasoline vehicles, has prompted the widespread adoption of GPF technology. Additionally, cities are increasingly adopting low-emission zones, incentivizing manufacturers to produce cleaner vehicles, further boosting GPF demand.
Another key driver is the continuous improvement in gasoline engine efficiency and the increasing use of turbocharged engines, which tend to generate more particulate emissions. These developments require the implementation of advanced filtration systems like GPFs to meet the new emission standards. Consumers are also becoming more environmentally conscious, which further drives automakers to adopt cleaner technologies, including GPFs, to meet demand for eco-friendly vehicles.
■ Market Restraints
One of the main restraints on the growth of the gasoline particulate filter market is the high cost of manufacturing and integrating GPFs into vehicles. The initial installation of a particulate filter increases production costs, which can be a significant factor for automakers looking to maintain competitive pricing, especially in the economy and budget segments. Although regulatory pressures are forcing manufacturers to adopt GPFs, the cost factor may lead to challenges for automakers in more price-sensitive regions.
Another restraint is the lack of awareness and adoption in some developing regions, where vehicle emissions may not be as tightly regulated as in developed markets like Europe and North America. As a result, some markets may face slow adoption of GPF technology due to limited regulatory enforcement and lower consumer awareness of air quality issues. Overcoming this challenge will require increased education on the benefits of GPFs and the long-term environmental advantages they provide.
■ Market Opportunities
One of the key opportunities in the gasoline particulate filter market lies in the growing demand for hybrid and electric vehicles (EVs). Although GPFs are primarily used in gasoline-powered vehicles, hybrid vehicles, which combine gasoline engines with electric propulsion, also require advanced emission systems to meet emission standards. This opens up new opportunities for GPFs in hybrid vehicle production. Moreover, as the adoption of EVs continues to rise, automakers will need to incorporate hybrid models into their lineups, creating a complementary market for gasoline particulate filters.
Additionally, as global emission standards become more stringent, the need for further innovation in GPF technology presents an opportunity for manufacturers to enhance their products. Improvements in filtration efficiency, durability, and cost-effectiveness will likely drive future market growth. Additionally, as environmental awareness grows, emerging markets such as China, India, and Latin America will present new opportunities for GPF adoption, especially as these countries continue to invest in cleaner automotive technologies.
⏩ Reasons to Buy the Report
✔ Gain a comprehensive understanding of the key drivers, trends, and challenges shaping the gasoline particulate filter market.
✔ Learn about the segmentation of the market based on product type, vehicle type, and geographical regions.
✔ Explore emerging opportunities in hybrid and electric vehicle markets and their impact on GPF adoption.
✔ Understand the regional dynamics of the market, with a focus on Europe, North America, and Asia-Pacific.
✔ Stay updated on regulatory trends and their effect on the automotive industry's approach to emission control technologies.
Get a Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response): www.persistencemarketresearch.com/samples/34875
Frequently Asked Questions (FAQs)
1. How Big is the Gasoline Particulate Filter Market?
2. Who are the Key Players in the Global Gasoline Particulate Filter Market?
3. What is the Projected Growth Rate of the Gasoline Particulate Filter Market?
4. What is the Market Forecast for Gasoline Particulate Filters in 2031?
5. Which Region is Estimated to Dominate the Gasoline Particulate Filter Market through the Forecast Period?
⏩ Company Insights
Key players in the gasoline particulate filter market include:
• BASF SE
• Johnson Matthey
• Eberspächer Group
• Faurecia S.A.
• Tenneco Inc.
• Rheinmetall Automotive AG
• Bosch Group
⏩ Recent Developments:
1. In 2023, Faurecia announced the launch of a new high-efficiency GPF designed to meet the latest Euro 6d-TEMP emission standards.
2. In 2022, Tenneco expanded its global manufacturing capabilities for GPFs to meet the growing demand from automakers in North America and Europe.
⏩ Conclusion
The gasoline particulate filter market is poised for robust growth, driven by stricter emission standards, technological advancements, and the increasing need for cleaner air. As the demand for cleaner, more efficient vehicles rises, the market for GPFs will continue to expand. With emerging opportunities in hybrid and electric vehicles, alongside regulatory changes, the market is expected to see continued innovation and growth in the coming years. As key players in the industry invest in research and development, the automotive sector will continue to evolve toward more sustainable and environmentally-friendly solutions.
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About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
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