Diesel Exhaust Fluid Market 2019
Diesel Exhaust Fluid Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2023. Diesel Exhaust Fluid Market 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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Diesel Exhaust Fluid (DEF) is a fluid, consisting of high-purity urea and de-ionized water in a 1:2 solution, which is necessary for the operation of SCR (selective catalytic reduction) technology. DEF is a not a fuel additive, and is colorless, non-toxic, non-flammable fluid harmless to living beings. The reactant chemically reduces nitrogen oxide emissions (NOx) from exhaust systems. There are various storage type involved in diesel exhaust fluid such as bulk storage, tanks, portable containers, dispensers, others. Bulk storage store the diesel exhaust fluid with a capacity of 7,000 litres or more fuel due to which they are extensively used.
Industry/ Innovation/ Related News:
The key strategies followed by most companies within the global Diesel Exhaust Fluid market are that of new product development.
In 2016, CF Industries completed the expansion of new ammonia and urea plants at Port Neal, Iowa. This expansion will generate increase in cash capability.
On November 2017, Yara International acquired leading nitrogen provider Agronomic Technology Corp (ATC), in U.S. so as to improve the sustainability of farmer profitability.
On February 2015, Cummins Filtration had introduced Lube filtration for ISX15 diesel engines. This development will bring change in the performance of heavy-duty diesel engine market.
Diesel Exhaust Fluid Market – Segmentation
The global Diesel Exhaust Fluid market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Storage Solution: Comprises Bulk Storage, Tanks, Portable Containers, Dispensers, Others
Segmentation by Vehicle Type: Comprises Passenger Vehicle and Commercial Vehicle
Segmentation by End Market: Comprises OEM and Aftermarket
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
The diesel exhaust fluid market has been segmented based on storage solution, vehicle type, end market, and region. On the basis of storage solution, bulk storage accounted for the largest market share of 39.74% in 2016, with a market value of USD 4,686.1 million and is projected to grow at the highest CAGR of 9.75% during the forecast period. Bulk storage are widely used due to higher capacity of more than 7,000 litres. The bulk storage enables the OEM to keep the fuel in bulk onsite which makes it easier for the user to refill there itself. Tanks is the second largest market due to the compact size which makes them accessible in the limited space. On the basis of vehicle type, Commercial vehicle dominated the global diesel exhaust fluid industry market with a share of 76.16% in 2016, in terms of value. The increase in the rise of commercial vehicle activities, they are having the second largest market share. Based on end market, Aftermarket dominated the global diesel exhaust fluid industry market with a share of 68.98% in 2016, in terms of value.
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. North America has witnessed the most significant increase in capacity of Nitrogen in the coming years. North America is the third largest region in nitrogen consumption, following India and China. This increase in the consumption of nitrogen have led to the growth of urea demand, which will drive the diesel exhaust fluid market. In U.S., approximately 70% of the ammonia is used for the production of urea. 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 production of urea have led to increase in the use of diesel exhaust fluid in U.S. Asia Pacific is second largest market in DEF because China has the largest consumption of DEF in APAC. China accounted for the largest market share of 62.17% in 2016 due to which the region is growing at highest rate.
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List of Tables
TABLE 1 GLOBAL DIESEL EXHAUST FLUID MARKET ANALYSIS, SELLERS & CUSTOMERS LIST, 2014
TABLE 2 GLOBAL DIESEL EXHAUST FLUID MARKET ANALYSIS, SELLERS & CUSTOMERS LIST, 2015
TABLE 3 GLOBAL DIESEL EXHAUST FLUID MARKET ANALYSIS, SELLERS & CUSTOMERS LIST, 2016
TABLE 4 GLOBAL DIESEL EXHAUST FLUID MARKET ANALYSIS, SELLERS & CUSTOMERS LIST, 2017
TABLE 5 DIESEL EXHAUST FLUID PRICING ANALYSIS, BY REGION
List of Figures
FIGURE 1 RESRARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM DOWN APPROACH
FIGURE 3 FORECAST MODEL
FIGURE 4 MARKET DYNAMICS
FIGURE 5 SALES OF NEW VEHICLE, 2013-2016
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