Diesel Exhaust Fluid Market Size, Share, Segment Analysis, Growth Drivers and Forecast to 2023

Global diesel exhaust fluid market is projected to reach $20,518.0 million by 2023. The 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. The introduction of vehicles equipped with anti-pollutant technologies will have a positive impact on the diesel exhaust fluid market.

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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.

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.

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.

Diesel Exhaust FluidOver 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.

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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.

GLOBAL DIESEL EXHAUST FLUID MARKET SEGMENTATION

By Storage Solutions

Bulk Storage
Bulk-shipment truckloads
Indoor/outdoor storage tanks
Others
Dispensers
Portable Containers
By Applications

Vehicular
Heavy-duty vehicles
Medium-duty vehicles
Light-duty vehicles
Off-highway
Passenger cars
Others
Non-Vehicular
By Geography

North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe
APAC
China
Japan
South Korea
Australia
Rest of APAC
Latin America (LATAM)
Brazil
Mexico
Rest of LATAM
Middle East and Africa (MEA)
Saudi Arabia
U.A.E.
South Africa
Rest of MEA

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This release was published on openPR.