Diesel Exhaust Fluid Market Global Sales, Revenue, Price and Gross Margin Forecast To 2023
Posted: Jul 13, 2019
Diesel Exhaust Fluid Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2023. Diesel Exhaust Fluid report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023
The Key Players In Diesel Exhaust Fluid Market Are:
Cummins Filtration (U.S.), Nissan Chemical Industries (Japan), Yara International (Norway), Shaw Development LLC (U.S.), CF Industries Holdings (U.S.), The McPherson Companies (U.S.), BASF SE (Germany), Blue Sky Diesel Exhaust Fluid (DEF) (U.S.), Brenntag AG (Germany), Carson (Portland) and Mitsui Chemicals, Inc. (Japan).
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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.
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.
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Table of Content
- Executive Summary
- Research Methodology
- Market Dynamics
- Market Factor Analysis
- Diesel Exhaust Fluid Market Overview
- Global Diesel Exhaust Fluid Industry Market, By Storage Solution
- Global Diesel Exhaust Fluid Industry Market, By Vehicle Type
- Global Diesel Exhaust Fluid Industry Market, By End Market
- Global Diesel Exhaust Fluid Industry Market, By Region
- Competitive Landscape
- Company Profiles
- List Of Tables
- List Of Figures
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Mar