Global Diesel Exhaust Fluid Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
The Global Diesel Exhaust Fluid Market is projected to value at USD 25,450 Million by 2025 at an estimated CAGR of 9.05% during the forecast period.
Leading players in the global diesel exhaust fluid market include-
Cummins Filtration, Yara International, CF Industries Holdings, BASF SE, Brenntag AG, Mitsui Chemicals Inc., Carson, Blue Sky Diesel Exhaust Fluid, The McPherson Companies, Shaw Development LLC, and Nissan Chemical Industries.
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Market Research Future (MRFR) has announced a new release on the global diesel exhaust fluid market. The report analyzes the global diesel exhaust fluid market with the help of a detailed study of the market’s historical growth patterns and determinant factors affecting the market’s growth at present. The leading segments and key players operating in the global diesel exhaust fluid market are also profiled in the report in order to familiarize the readers with the hierarchy within the market.
Diesel exhaust fluid is a solution of almost pure urea and deionized water in a 1:2 ratio. It is sprayed into the exhaust fumes of diesel vehicles and helps cut down the amount of harmful nitrous emissions. It is a colorless, nontoxic, non-flammable fluid and plays a key role in selective catalytic reduction. Diesel exhaust fluid is not a fuel additive, but is rather stored in a separate compartment and sprayed directly into the exhaust fumes.
The demand from the Diesel Exhaust Fluid Market has grown primarily due to the growing public awareness and government efforts to cut down the levels of harmful automotive emissions. Selective catalytic reduction has become a widely popular method for reducing the amount of harmful emissions in exhaust fumes, as it is an effective method of keeping the volume of nitrous emissions in check. Nitrous emissions are among the most harmful automotive emissions in terms of their health impact and are likely to remain in the spotlight in the coming years as automotive manufacturers and governments seek to make automotive exhausts safer and more environmentally viable.
The increasing sale of new diesel vehicles is also likely to be a major driver for the global diesel exhaust fluid market. Government regulations put in place mandating the use of diesel exhaust fluid apply most strictly to new vehicles, leading to growing demand from the diesel exhaust fluid market in light of the growing automotive sales figures around the world.
The global diesel exhaust fluid market is segmented on the basis of storage solution, vehicle type, end user, and region.
By storage solution, the global diesel exhaust fluid market is segmented into bulk storage, tanks, portable containers, dispensers, and others. Bulk storage accounted for the largest market share of 39.74% in 2016 and is expected to exhibit the fastest CAGR of 9.75% over the forecast period. Bulk storage allows OEMs to provide convenient refilling sites for automobile owners, as bulk storage containers can hold more than 7,000 liters of diesel exhaust fluid.
By vehicle type, the diesel exhaust fluid market is segmented into passenger vehicles and commercial vehicles. Commercial vehicles are likely to dominate the global diesel exhaust fluid market in the coming years due to the higher usage of diesel fuel in commercial vehicles than in passenger vehicles. The commercial vehicles segment accounted for 76.16% of the global diesel exhaust fluid market in 2016 and is likely to remain dominant over the forecast period due to the growing demand for commercial vehicles in emerging regions such as the Middle East, Latin America, and Asia Pacific.
By end use, the market is segmented into OEM and aftermarket. Aftermarket fitting of diesel exhaust fluid systems is more popular and held a share of close to 69% in the market in 2016.
On the basis of region, the global diesel exhaust fluid market is segmented into North America, Europe, Asia Pacific, and rest of the world.
North America holds the leading position in the global diesel exhaust fluid market and is likely to remain the dominant contributor over the forecast period due to the high volume of urea production in the region, which has allowed for widespread accessibility of diesel exhaust fluid. Asia Pacific, led by China, is also likely to emerge as a key player in the global diesel exhaust fluid market over the forecast period due to the increasing demand for commercial vehicles in emerging regions such as India and China. China is a leading country-level market in the global diesel exhaust fluid market and is likely to remain in the position over the forecast period.
The global diesel exhaust fluid market has been segmented based on a storage solution, vehicle type, end market, and region. On the basis of storage solution, segmented into bulk storage, tanks, portable containers, dispensers, and others. Among these products, the bulk storage segment is projected to be dominant throughout the forecast period, whereas the tanks segment has registered as the fastest growing technology. On the basis of vehicle type, in 2018, the commercial vehicles segment was dominated by the global market, followed by passenger vehicles. On the basis of the end market, the aftermarket segment is projected to be dominant throughout the forecast period. On the basis of region, North America has accounted for the largest market share in the diesel exhaust fluid market followed by Europe and Asia-Pacific.
Key Questions Addressed by the Report
- What was the historic market size (2018)?
- Which segmentation (storage solution/vehicle type/end market) is driving market growth?
- What will be the growth rate by 2025?
- Who are the key players in this market?
- What are the strategies adopted by key players?
Browse Complete Report “Global Diesel Exhaust Fluid Market Research Report: Information by Storage solution (Bulk Storage, Tanks, Portable Containers, Dispensers and others), Vehicle Type (Commercial Vehicles and Passenger Vehicles), End Market (OEM and Aftermarket) and Region (North America, Europe, Asia-Pacific and Rest of the World) – Forecast till 2025” @ https://www.marketresearchfuture.com/reports/diesel-exhaust-fluid-market-5034
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