Diesel Exhaust Fluid Market
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
Press Release :
AdBlue or a diesel exhaust fluid is an aqueous solution. It is typically manufactured by utilizing deionized water that has volume percentages of 32.5% and 67.5%. It is a fluid used for treating hazardous nitrogen oxide (NOX) emissions from diesel motor. The fluid conducts the treatment with the help of a selective catalyst (SCR) procedure so as to decompose nitric oxide and turn it into water and nitrogen.
In the exhaust pipe, diesel exhaust fluid vaporizes and decomposes into carbon dioxide and ammonia that reacts with a catalyst of a SCR in the vehicle. The reaction also involves mixture of oxygen and hazardous nitrogen oxides. In the end, carbon dioxide, water vapor, and nitrogen are generated. DEF is directed associated to the temperature at which the exhaust fluid is stored. Thus, it is used for maintaining quality with specialized storage tanks made of stainless steel or polyethylene.
In terms of geographical outlook, the global diesel exhaust fluid market is segmented into five key regions namely North America, Asia Pacific, Latin America, Europe, and Middle East and Africa. Of these, traditionally, the global market is being led by the regional segment of North America. The growth of the market is mainly attributed to increasing demand for diesel exhaust fluid from the region. Moreover, the governments across the region are also issuing stricter regulations and policies to implement superior environmental conservation. Furthermore, a growing presence of a number of industry leaders in the region is also a key factor for the growth of the North America market.
The competitive landscape of the global diesel exhaust fluid market is a highly fragmented one. This fragmentation of the vendor landscape is due to the presence of several key players operating in the global market. It is projected that the competition in the market will intensify in coming years due to introduction of advanced formulae and products by these industry leaders.
Global Diesel Exhaust Fluid Market: Overview
Diesel exhaust fluid or AdBlue is an aqueous solution produced by using urea and deionized water with volume percentages of 32.5 percent and 67.5 percent respectively. It is a fluid used in the treatment of harmful nitrogen oxide (NOX) emissions from diesel motor, through a selective catalyst (SCR) process to decompose nitric oxide into Nitrogen and Water.
EF vaporizes and decomposes in the exhaust pipe into ammonia and carbon dioxide which reacts to a catalyst of selective catalyst reduction (SCR) in the vehicle with oxygen and harmful nitrogen oxides. As a result, nitrogen, water vapor and carbon dioxide are produced.DEF is directly related to the temperature at which the DEF is stored and is therefore used to maintain its quality with special storage tanks composed of polyethylene or stainless steel.
A comprehensive market study with focus on its drivers, restrictions, trends and opportunities is provided by the report on the global exhaust diesel liquid market. The report also examines the impact of the product on related sectors and industries. The global reports provide an insight into the various strategies existing market vendors can undertake with a view to attracting new players to the industry, along with an analysis of entry obstacles. The report acts as a comprehensive guide on the global market for diesel exhaust fluid over the mentioned period of forecast.
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.