The global diesel exhaust fluid market is estimated to gain the valuation of US$14.4 Bn by 2022, notes a research report by published by Transparency Market Research (TMR). Moreover, the study highlights that market for diesel exhaust fluid is expected to expand at a CAGR of 7.4% during the forecast period 2017 to 2022.
A research report by TMR provides exhaustive study of prime facets influencing development of the diesel exhaust fluid market on global as well as regional levels. Thorough evaluation of drivers, challenges, restraints, historical and present trends, competition levels, regional aspects, supply-demand ratio, and growth avenues of the market are precisely presented in this document. Apart from this, the research report makes a successful attempt to deliver dependable information pertaining to shares, revenues, production, sales, and volume of the market for diesel exhaust fluid.
Mobile and static vehicles, cars, agricultural machinery, mobile cranes, tractors, building equipment, mining machinery, cranes, and dumps are some of the vehicles types in which diesel exhaust fluids are used. This notable application of the product highlights that the diesel exhaust fluid market is likely to gain prominent sales avenues in the forthcoming years.
Nitrogen oxides can have adverse effects on the performance of a vehicle. Over the period of past few years, there is significant growth in the use of diesel exhaust fluids in automotive engines. The main purpose of use of this product is to decrease the levels of the nitrogen oxides emissions. Thus, increased product use across varied vehicle types is estimated to boost the growth opportunities in the global diesel exhaust fluid market.
Owing to ability of diesel exhaust fluids to help in improving the efficiency of an engine, vehicles are treated with diesel exhaust fluids. This factor drives the sales prospects in the global market.
The government bodies of several nations across the globe have implemented stringent regulations related to environmental conservation. This factor is projected to create lucrative opportunities for companies in the global diesel exhaust fluid market in the upcoming years.
Mergers and Acquisitions: Prominent Strategies Used by Companies for Their Businesses Expansion
Total SA, Yara International ASA, CF International Holdings Inc., SINOPEC, Cummins, Royal Dutch Shell Plc, Valvoline, GreenChem Solutions Ltd., and RelaDyne LLC are some of the important players operating in the global diesel exhaust fluid market.
The nature of diesel exhaust fluid market seems to be fragmented. With presence of many players, the market competition levels are intense. Thus, companies are strategizing their business moves in order to stand out from the crowd. For instance, several enterprises are engaging in mergers and acquisition activities in order to expand their businesses in newer regions. Moreover, many players are focused on partnerships and strategic alliances.
Surge in Demand for Diesel Exhaust Fluid in Europe Boosts Market Growth
Asia Pacific, North America, and Europe are prime regions for the global diesel exhaust fluid market. Among all, Europe is one of the prominent regions for market players. The Europe diesel exhaust fluid market is projected to expand on the back of increased product demand in this region.
The diesel exhaust fluid market is likely to experience lucrative opportunities in North America in the upcoming years. Some of the key factors boosting this market growth include presence of stringent regulations as well as leading companies in the region.
Global Diesel Exhaust Fluid Market Segmentation
The study analysts have performed segmentation of the diesel exhaust fluid market on the basis of varied crucial aspects such as pack size and region. In terms of pack size, the market for diesel exhaust fluid is divided into three parts, namely, drums, IBCs, and bottles.
The study presented here is based on a report by Transparency Market Research (TMR) titled “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.”
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