Diesel Exhaust Fluid Market is Projected to Reach
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NEW YORK, Aug. 21, 2018 (GLOBE NEWSWIRE) -- According to P&S Intelligence, diesel exhaust fluid market is mainly driven by the introduction of stricter environmental regulations in different parts of the world along with rising sales of motor vehicles such as heavy- and medium-duty vehicles.
Based on storage solutions, the diesel exhaust fluid market is categorized into bulk storage, dispensers, and portable containers. Globally, bulk storage held the largest share in the diesel exhaust fluid market, accounting for more than 45.0% share in terms of value in 2017. Large scale usage of bulk storage solutions for storing diesel exhaust fluid or AdBlue in heavy- and medium-duty vehicles will contribute to the growth in demand for the storage solutions.
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On the basis of applications, the diesel exhaust fluid market is bifurcated into vehicular and non-vehicular. Vehicular applications dominated the market as it contributed more than 95.0% share in terms of value in 2017. Stringent environmental regulations in the European and North American nations mandate the vehicle owners to reduce emission of harmful gases which in turn encourage them to bring down the emission levels by using AdBlue. This helps in sustaining the growth of diesel exhaust fluid market in vehicular applications.
Browse report overview with detailed TOC on "Diesel Exhaust Fluid (AdBlue) Market by Storage Solutions (Bulk Storage [Bulk-Shipment Truckloads, Indoor/Outdoor Storage Tanks], Dispensers, Portable Containers), by Applications (Vehicular [Heavy-Duty Vehicles, Medium-Duty Vehicles, Light-Duty Vehicles, Off-Highway, Passenger Cars], Non-Vehicular), by Geography (U.S., Canada , Germany, U.K., France, Italy, Spain, China, Japan, South Korea, Australia, Brazil, Mexico, Saudi Arabia, U.A.E., South Africa) – Global Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023" at: https://www.psmarketresearch.com/market-analy...uid-market
The diesel exhaust fluid market is expected to witness the fastest growth in the APAC region, owing to the presence of fast growing economies such as China and India. The demand for transportation for facilitating the movement of goods is rising in these countries which has promoted the sales of heavy- and medium-duty vehicles. Moreover, rapid economic growth in these nations have also resulted in huge amount of vehicular pollution. Owing to the increased levels of vehicular pollution, these nations have either implemented or in the process to implement stringent emission norms. The implementation of stricter emission norms is expected to encourage the fleet operators to install emission control systems which in turn will boost the diesel exhaust fluid market in the APAC region.
Over the recent years, emerging nations such as China, India, and Brazil have witnessed rapid surge in the economic activities which offer significant boost to transportation and logistics industry in these countries. Moreover, due to the rising income levels, these countries have emerged as a one of the most lucrative automobile markets in the world. For instance, in 2017, around 90 million passenger cars were sold in the world, out of which more than a quarter were sold in China alone. The rising sales of automobiles is expected to boost the consumption of anti-pollutant fluids thereby encouraging the growth of diesel exhaust fluid market.
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Moreover, emerging nations are increasingly adopting stringent emission norms which will encourage the consumption of AdBlue used for reducing vehicular emissions. The introduction of vehicles equipped with anti-pollutant technologies will have a positive impact on the diesel exhaust fluid market.
Some of the major players operating in the global diesel exhaust fluid market are Yara International ASA, BASF SE, GreenChem Holding B.V., Cummins Filtration Inc., Kelas Environmental Protection Technology Co. Ltd., China Petroleum & Chemical Corporation, CF Industries Holdings Inc., Nissan Chemical Industries Ltd., TOTAL S.A., and Mitsui Chemicals Inc.
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