Clean Diesel Market Revenue Growth Predicted by 2018-2026

Clean diesels are a new group of diesels made up of a three part structure which combines cleaner low Sulphur diesel fuel, unconventional engines and effective emissions control technology. Clean diesels are used on a large scale for transport. They are also used to power various equipment in the mining, construction, and agriculture sectors. Clean diesels are cleaner, more fuel efficient and offer more torque than other fuels. The clean diesel market however faces major competition from its gasoline, hybrid, and electrical counterparts.

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 Low diesel prices, government subsidies, stricter environmental regulations are major drivers for the clean diesel market. Clean diesels though are known to produce nitrous oxide. The use of advanced emission control technologies are helping the clean diesel market cope with this problem. One of the most notable downsides however to diesel engines is that they tend to cost more than gasoline engines.

Common rail systems supply high injection pressures available at an accumulator, directly to the injector, thus providing better control, reduced emission, and better efficiency. Two ULSD standards are available, namely Grade No. 1-D S15, which is a highly unstable fuel with an lower gelling temperature than regular ULSD and Grade No. 2-D S15, which is regular ULSD. Companies such as Clean Diesel Technologies (CDTI) develop catalyst technologies and emissions control systems to meet the requirements of increasingly stringent environmental regulations and decrease emissions.

The state-subsidized incorporation of vehicles by means of tax concessions led to a significant increase in the proportion of diesel engines in privately owned vehicles in Europe. Approximately 50 % cars in Europe run on ULSD. Europe has been the frontrunner on regulations for low-sulfur and clean transportation fuels. The use of ULSD combined with the presence of major car manufactures in Europe, are expected to lead to technological advancements in the clean diesel market.

Clean diesel fuel containing 97 percent less sulfur has been used for both, on-highway and off-highway diesel engines in the U.S., since 2006. Even though the amount of commercial diesel vehicles used in the U.S. is low, there are wide range of industries such as mining, agriculture, and construction that depend on diesel for their operations. Hence, incorporating efficient use of clean diesel is expected to help boost the clean diesel market in North America.

Diesel usage is prevalent particularly in the growing economies of Asia such as China, India, and Southeast Asia. Hong Kong, introduced clean diesel in July 2000, was the first city in Asia to introduce this advanced type of diesel to its local market. Countries such as Japan, Taiwan, China, and India have all begun the use of ULSD. As Asia comprises of a number of developing nations, the clean diesel market has the maximum potential to grow in Asia.

Saudi Arabia and Kuwait are frontrunners in the clean diesel project in the Middle East. To fulfil the obligatory sulfur specifications for diesel, Saudi Arabia is spending billions of dollars to construct multiple clean diesel projects. As the Middle East is a major exporter of petroleum products, it is expected to be a major clean diesel producer with the help of technology and capital.

In Africa fewer countries have adopted low-sulfur fuel regulations. South Africa plans to initiate Clean Fuels Program 2 (CF2), which is expected to be fully commissioned by 2020, with an aim to develop diesel containing 10 ppm or less amount of sulfur. The clean diesel market in Africa is still developing.

As Latin American countries rely heavily on oil export revenues, the drop in fuel prices has affected them greatly. As a result of which, the region does not have enough capital for expansions and upgrades to produce clean diesel.

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The three-part clean diesel system enables over 95 percent emission reductions. Lower cost of diesel coupled with its 20 to 40 percent higher fuel efficiency than gasoline, makes clean diesel vehicles an economical option. The recent Volkswagen emissions scandal that was publicly revealed in 2015, has had a negative impact on the clean diesel market, in turn decreasing diesel vehicle sales. Some major clean diesel players include CDTI, Volkswagen, BMW, Ford, Chevrolet, GMC, Nissan, Tetraneft Corporation, Spinelli International Company, Digable traders, and Camarona.

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