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Published Date: 2017-09-08Number of Pages: 170

Diesel Exhaust Fluid Market (Packaging - Bottles, Drums, IBCs; Equipment Solution – Certified Pumps, Hoses, Nozzles, Mini-bulk Systems, Bulk Delivery Trucks, Box Delivery Trucks, Transport Trucks, Tank Wagons; Vehicle Type - Passenger Cars, Farm Machinery, Mobile and Static Cranes, Airport and Dockside Vehicles, Construction Equipment, Mining Machinery, Tractors, Cranes, Dumper Trucks) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022

Global Diesel Exhaust Fluid Market: Snapshot

The global diesel exhaust fluid market has risen at a steady rate in recent years following widespread realization of their utility in making diesel engines more environmentally viable by reducing the nitrogen oxide content in their exhausts. Diesel exhaust fluid is a 32.5% solution of urea prepared in deionized water and is used to enable the conversion of toxic nitrogen oxides in diesel engine exhausts into nitrogen and water. These waste products can be released into the atmosphere without concern, since neither is a polluting ingredient. The diesel exhaust fluid market thus plays a key role in the modern landscape of the automotive industry and is likely to exhibit steady growth on account of the consistent growth of various arms of the automotive industry.

The global diesel exhaust fluid market was valued at more than US$10.4 bn in 2017. According to Transparency Market Research, the market is expected to exhibit a strong 7.1% CAGR in the 2017-2022 forecast period to rise to a valuation of US$14.4 bn. 

diesel exhaust fluid market

 

Rising Demand for Mid-range Diesel Cars to Drive Demand from Diesel Exhaust Fluid Market

Diesel cars play a major role in the global automotive industry due to the need for diesel vehicles in the economy segments, which are rising in prominence due to the increasing disposable income of middle class consumers in emerging regions. The higher fuel efficiency provided by diesel cars has made them likely to remain a leading contributor to the global automotive sector in the coming years, leading to consistent demand from the global diesel exhaust fluid market. Diesel vehicles are also preferred in the transportation sector due to their high fuel efficiency. Driven by the rapid urbanization in emerging regions, the transportation sector is thus also likely to play a key role in the growth of the global diesel exhaust fluid market in the coming years.

Diesel Exhaust Fluid Bottles to Remain Dominant Contributor

The global diesel exhaust fluid market was dominated by the bottles segment in 2017, with the segment holding a share of 41.2%, followed by drums and IBCs. The bottles segment is likely to reach a valuation of US$5,891.5 mn by 2022, exhibiting a CAGR of 6.9%, and is thus likely to retain clear dominance in a dynamic market.

Europe to Dominate Global Diesel Exhaust Fluid Market

Geographically, Europe accounted for the dominant share in the global diesel exhaust fluid market in 2017 and is further expected to grow at a robust 6.8% CAGR in the 2017-2022 forecast period. North America is also likely to be a key contributor to the global diesel exhaust fluid market, with the regional market’s valuation expected to grow from US$2,275.2 mn in 2017 to US$3,147.1 mn by 2022. The 6.7% CAGR of the North America diesel exhaust fluid market is likely to ensure steady growth of the market, due to the widespread presence of automotive industry giants and supportive stance from the government over environmental legislation.

Asia Pacific except Japan accounted for 24.7% of the revenue of the overall diesel exhaust fluid market and is likely to rise in valuation over the forecast period, gaining a larger share in the market by 2022. The Japan market for diesel exhaust fluid is also likely to exhibit a strong 6.7% CAGR in the 2017-2022 forecast period and is expected to rise to a valuation of US$748.6 mn.

Competitive Dynamics

Key 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.

Global Diesel Exhaust Fluid Market: Overview

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.

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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