Diesel Exhaust Fluid Market Insight | Growth, Industry Share, Future Statistics, Competitor Landscape and Trends and by Forecast to 2025
Research Reports
Dec 29, 2020
Market Synopsis:
Diesel exhaust fluid aqueous urea solution that lowers the concentration of nitrogen oxides in emissions from diesel engines. Market Research Future (MRFR) offers an observation that unravels that the global diesel exhaust fluid market is supposed to strike 9.05% CAGR over the forecast period. The valuation of the revenue to be earned is estimated to surpass USD 25,000 Mn by 2025.
The rising concerns regarding air pollution are expected to drive the growth of the diesel exhaust fluid market in the nearby future. Also, the implementation of stricter emission rules is anticipated to boost the growth pace of the diesel exhaust fluid market in the forthcoming years. A rise in the demand for fuel-efficient technologies is projected to influence the market’s growth pattern positively during the forecast period.
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Market Segmentation:
On the basis of storage, the diesel exhaust fluid market has been segmented into bulk storage, tanks, portable containers, dispensers, and others. Among these, the bulk storage segment led the market in 2018 and is anticipated to hold the largest share of the market through the review period. Bulk storage facilitates the onsite storage for refueling the equipment conveniently. This, in turn, is assessed to drive the proliferation of the segment in the upcoming years.
On the basis of type, the diesel exhaust fluid market has been divided into commercial vehicles and passenger vehicles. The commercial vehicles segment has the largest stake in the market. It accounts for around 34% of the global production. Increasing demand for vehicles for commercial applications is likely to lead the expansion of the segment.
On the basis of end market, the diesel exhaust fluid market has been segmented into aftermarket and OEM. Among these, the aftermarket segment dictated the growth of the market in 2018 by capturing the maximum market share. It is projected to register growth at a substantial rate in the coming years owing to the increasing demand for the refilling of DEF in vehicles.
Regional Analysis:
The segmentation of the global diesel exhaust fluid market, on the basis of region, covers the following segments – Europe, Asia Pacific (APAC), North America, and the Rest of the World (RoW). North America exhibits tremendous potential and is anticipated to hold the leading position in the market place over the review period. Rising consumption of nitrogen in the region has fueled the expansion of the diesel exhaust fluid market in the region. Europe holds the second spot in the market and is expected to earn considerable revenues in the upcoming years. Increasing focus on curbing air pollution is anticipated to drive the expansion of the market in the region in the foreseeable future.
Competitive Dashboard:
Cummins Filtration (US), Yara International (Norway), Nissan Chemical Industries (Japan), Shaw Development LLC (US), The McPherson Companies (US), CF Industries Holdings (US), BASF SE (Germany), Brenntag AG (Germany), Carson (Portland), Blue Sky Diesel Exhaust Fluid (DEF) (US), and Mitsui Chemicals, Inc. (Japan) are some of the important participants of the diesel exhaust fluid market.
These players are investing in the development of efficient climate positive products, which is poised to spur competition in the global market. They are also emphasizing on the expansion of regional borders which is poised to drive competitiveness in the diesel exhaust fluid market. Some of the growth approaches to be used by these players are – collaborations, strategic alliances, agreements, mergers & acquisitions, partnerships, etc.
Industry News:
In November 2019, Pilot Flying J, a North American chain of truck stops in Canada and the United States, has announced the launch of a nationwide One9 Fuel Network.
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Key Questions Addressed by the Report
- What was the historic market size (2020)?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate by 2023?
- How are the key players in this market?
- What are the strategies adopted by key players?
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
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