Diesel Exhaust Fluid Market to Strengthen Its Position at 9.19% CAGR through 2023

(IT-NEWSWIRE.COM, January 30, 2018 ) Global Diesel Exhaust Fluid Market Information Report by Storage Solution (Bulk Storage, Tanks, Portable Containers, Dispensers, Others), Vehicle Type (Passenger Vehicle and Commercial Vehicle), End Market (OEM and Aftermarket), and region.

Market Highlights

Diesel exhaust fluid is a non-hazardous solution, consisting 32.5% urea and 67.5% de-ionized water. This urea solution is consumed during selective catalytic reduction (SCR), which is sprayed into the exhaust stream. It is burnt at very high temperatures for breaking harmful nitrogen oxides produced by diesel engines into harmless nitrogen and water. The market is driven by various factors such increase in the use of selective catalytic reduction technology, stringent government regulations for the use of diesel exhaust fluid, and increase in production of vehicles. The diesel exhaust fluid has various constraints that hinder the market such as increase in sale of electric vehicles has restrained the use of diesel exhaust fluid.

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On the basis of region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. North America accounts for the largest share of 56.49% in the global diesel exhaust fluid industry market in 2016. In 2015, CF Industries had started a new urea plant in Donaldsonville in order to cater North America region. North America is mainly dependent on import of nitrogen, due to which the market is expected to growth in the forecast period. This dependency on nitrogen will lead to the growing consumption of urea, which will drive the diesel exhaust fluid market. About half of the urea that is produced in U.S. is consumed as solid fertilizers, and more than 25% of urea is consumed to produce nitrogen based solutions. This increase in the consumption of urea is expected to drive the growth of diesel exhaust fluid market. The diesel exhaust fluid market is expected to grow at CAGR of 9.04% during the forecast period. Asia Pacific is second largest market during the forecast period. Asia Pacific is one of the largest consumer of fertilizers in the world due to increase in the consumption of nitrogen and urea. The major dependency of urea in India is due to the imports of nitrogen and phosphate. This dependency will lead to the growth of the urea market, which will indirectly drive the growth of diesel exhaust fluid market. The consumption of fertilizers in South Asia is more as compared to other region due to which Asia Pacific is expected to be the largest market in the forecast period.

Key Players

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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Scope of the Report

This study provides an overview of the global diesel exhaust fluid market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global diesel exhaust fluids market by its technology, vehicle type, end-use, and region

By Storage solution
• Bulk Storage
• Tanks
• Portable Containers
• Dispensers
• Others

Global Diesel Exhaust Fluid Market, By Vehicle Type
• Commercial Vehicles
• Passenger Vehicles

Global Diesel Exhaust Fluid Market, By End Market
• Aftermarket
• OEMs

By Region
• North America
• Europe
• Asia Pacific
• Rest of the World

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Diesel Exhaust Fluid Market to Strengthen Its Position at 9.19% CAGR through 2023