GLOBAL GASOLINE PARTICULATE FILTER MARKET
Gasoline Particulate Filter or GPFs are a device that is used to control the emission levels of particulate matter for directly injected gasoline cars. It is most often fitted in the exhaust system of the vehicle.
The increasing need for adoption of GDI in vehicles will drive the need for gasoline particulate filters as well in the future. GPF are predominantly being used for its advantage of having cleaner emissions and thereby abiding by the international forums which enforce strict emission regulations for auto manufacturers to maintain.
In 2016, it was estimated that about 2/3rd of the vehicles in Europe where equipped with a GDI and this will only see an increase in the future due to the need for increasing adoption of gasoline direct injection.
Gasoline particulate filters are not expected to be widely adopted in North America, where particle emissions are regulated through mass-based PM limits only. GPFs may be also adopted for some port fuel injected (PFI) engines, even though PFI vehicles are not subject to European PN/PM emission standards.
GPF By Engine Size
- Compact size – below 1499cc
- Mid-size – 1500 to 2499cc
- Full size – above 2500cc
GPF Market By Application
- Passenger cars
- Commercial vehicles
- Off-road vehicles
GPF Market By Type
- Cordierite GPF
- Ceramic GPF
- Tenneco: Tenneco, an American Fortune 500 company, is a manufacturer and supplier of automotive parts, specializing in manufacturing, designing, and distributing ride performance and clean air products for commercial trucks, off-highway vehicles markets, aftermarkets, and automotive markets. They employ about 29,000 employees worldwide, have about 90 manufacturing facilities in 6 continents, and 15 engineering centres. In India, Tenneco’s facility in Pune is the one where catalytic convertors and complete exhaust systems are manufactured. Tenneco prime automotive OEM’s customers include BMW, Nissan, Ford, PSA, GM, Daimler, Toyota, JLR, FCA, Volvo, Volkswagen.
- Faurecia: Faurecia is a French automotive part manufacturing company, specializing in manufacture and design of exhaust systems, seats, exterior modules, interior systems, and vehicle decoration products. Faurecia’s key customers include PSA (formerly known as Peugeot Citroën), Volkswagen Group, Ford, Renault-Nissan, BMW, General Motors, Toyota, Fiat Chrysler, and Hyundai-Kia. French car manufacturer PSA group owns a 46% share in Faurecia as on Dec 2019.
- Bekaert: Bekaert deals with the manufacture and transformation of steel wire and its coatings. It develops steel wire-based products for the automotive, construction, energy and utilities, equipment, consumer goods, agriculture and basic materials industry. In automotive, Bekaert produces steering systems, exhaust systems, interior, exterior, and drivetrain.
- Katcon: Katcon is a manufacturer of diesel aftertreatment devices, catalytic converters, and exhaust modules. They had started their business operations in 1993 being an automotive supplier to OEMs. Katcon currently has R&D in various disciplines like weight reduction, thermal management, durability, noise attenuation, durability, and diesel aftertreatment.
Some other players in the market are:
- Johnson Matthey Plc
- NGK Insulators
- Alantum Corporation
- CDTi Advanced Material Inc
MERGERS AND ACQUISITIONS
- In October 2018, Corning Incorporated announced the partnership with Changan Automobile, to integrate its gasoline particulate filters (GPF) such as Corning DuraTrap GC gasoline particulate filters into the emissions control systems of Changan’s next generation of vehicles to reduce fine particulate emissions.
- On October 1, 2018, Tenneco Inc. completed its acquisition of Federal-Mogul, a leading global supplier to original equipment manufacturers and the aftermarket. In February 2019, it was announced that Tenneco will be separated into two different companies, leading to the launch of DRiV Incorporated- a publicly traded Aftermarket and Ride Performance company that will serve as a global multi-line and multi-brand aftermarket supplier of ride performance and braking suppliers to light vehicle and commercial vehicle customers.
- In November 2018, Tenneco also bought a majority stake in Swedish suspension manufacturer, Ohlins Racing AB.
ADVANTAGES OF GPF
- The Gasoline Particulate Filter is an efficient and durable technology to control ultrafine particles emissions from Gasoline Direct Injection engine without negative impact on fuel consumption and CO2 emissions.
- The filtration efficiency of the GPF varies depending on the drive cycle . Lower filtration efficiency can be encountered on the NEDC due to low engine-out PN but also on the very dynamic RTS-95 cycle when it is most likely due to the absence of a soot cake.
With the increasingly strict regulations by emission authorities, especially in Europe, the automotive OEM’s are forced to improve their emission technologies, and simply improving the particulate emission is a promising step in this regard.
Therefore, the gasoline cars will see an increasing number of OEM’s implementing GPF in their newer models. Primary as well as secondary supplier market for GPFs will see an upward trend in the forthcoming years from 2020-2027, during which cleaner and more efficient powertrains will be more visible in cars on the road.
|2||Scope of the report|
|7||Insights from Industry stakeholders|
|8||Cost breakdown of Product by sub-components and average profit margin|
|9||Disruptive innovation in the Industry|
|10||Technology trends in the Industry|
|11||Consumer trends in the industry|
|12||Recent Production Milestones|
|13||Component Manufacturing in US, EU and China|
|14||COVID-19 impact on overall market|
|15||COVID-19 impact on Production of components|
|16||COVID-19 impact on Point of sale|
|17||Market Segmentation, Dynamics and Forecast by Geography, 2020-2025|
|18||Market Segmentation, Dynamics and Forecast by Product Type, 2020-2025|
|19||Market Segmentation, Dynamics and Forecast by Application, 2020-2025|
|20||Market Segmentation, Dynamics and Forecast by End use, 2020-2025|
|21||Product installation rate by OEM, 2020|
|22||Incline/Decline in Average B-2-B selling price in past 5 years|
|23||Competition from substitute products|
|24||Gross margin and average profitability of suppliers|
|25||New product development in past 12 months|
|26||M&A in past 12 months|
|27||Growth strategy of leading players|
|28||Market share of vendors, 2020|
|30||Unmet needs and opportunity for new suppliers|