Latest
industry research report on: Global Diesel Exhaust Fluid Market :
Industry Size, Share, Research, Reviews, Analysis, Strategies,
Demand, Growth, Segmentation, Parameters, Forecasts
Diesel exhaust fluids are a key
component of diesel engines due to the benefit they provide in terms
of reducing the polluting content of the exhaust. Rising
environmental concerns have driven the adoption of innovations such
as diesel exhaust fluids and are likely to propel the global diesel
exhaust fluid market at a robust rate in the coming years. It is a
32.5% solution of urea in deionized water and allows diesel engines
to convert the abundant nitrogen oxides in their exhausts to harmless
nitrogen and water. The global diesel exhaust fluid market has been
driven by the exhaustive support being given to environmental
conservation programs by a number of governments across the world,
which has driven steady investment into the development of reliable
diesel exhaust fluids.
The report discusses the growth
trajectory of the global diesel exhaust fluids market in detail by
providing an assessment of the historical figures exhibited by the
market between 2012 and 2017. The 2016 figures for the global diesel
exhaust fluid market are analyzed in detail to derive reliable
conclusions regarding how the market is likely to progress in the
years till 2022. The segmentation of the global diesel exhaust fluid
market as well as its competitive landscape are given a thorough
examination in the report in order to provide readers with a clear
view of the market’s dynamics and how they will affect disparate
parts of the market.
According to Transparency
Market Research, the global diesel exhaust fluid market was valued at
US$10,241.5 mn in 2017. Exhibiting a robust 7.1% CAGR between 2017
and 2022, the market’s valuation is expected to rise to US$14,445.5
mn over the forecast period.
Global
Diesel Exhaust Fluid Market: Dynamics
The
prime factor driving the development of the global diesel exhaust
fluid market is the growing government support to the widespread
adoption of diesel exhaust fluid. Governments in several countries
have come up with legislation to promote or even mandate the use of
diesel exhaust fluids, leading to rapid growth of the diesel exhaust
fluid market in several regions.
The
booming automotive industry is likely to be an important driver for
the global diesel exhaust fluid market in the coming years. Growing
demand from middle-class consumers has driven the global automotive
industry at a steady rate in the last few years, with diesel cars
becoming a key part of the product lineup of several car brands due
to the higher fuel efficiency they provide. This is likely to drive
the use of diesel exhaust fluid in many regions where the consumer
vehicle industry has shown strong promise.
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Global Diesel Exhaust Fluid
Market: Segmentation
By pack size, the global diesel
exhaust fluid market is segmented into bottles, drums, and IBCs. Of
these, diesel exhaust fluid bottles (1 and 2.5 gallons) are likely to
dominate the global market in the coming years due to their
widespread use and diverse usability. The bottles segment of the
global diesel exhaust fluid market accounted for US$4,221.8 mn in
2017 and is likely to rise at a CAGR of 6.9% between 2017 and 2022.
The segment’s share in the global diesel exhaust fluid market is,
however, expected to drop from 41.2% in 2017 to 40.8% by 2022.
Geographically, the global
diesel exhaust fluid market is significantly fragmented, as North
America, Europe, and Asia Pacific all hold dominant shares and are
likely to retain a steady dominance in the coming years.
Global Diesel Exhaust Fluid
Market: Competitive Dynamics
Leading players in the global
diesel exhaust fluid market include Yara International ASA, Total SA,
SINOPEC, Cummins, CF International Holdings Inc., Valvoline, Royal
Dutch Shell Plc, RelaDyne LLC, and GreenChem Solutions Ltd.
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