Press release
Diesel Exhaust Fluid Market Rugged Expansion Foreseen by 2025
Environmental sustainability is one of the paramount issues entrusted to various automobile manufacturers and fossil fuel energy corporations, in an effort to reduce the emission of harmful chemicals such as NOx, COx and unburnt particles from exhaust of vehicles and other machineries, primarily by NOx emissions act enforced in 2010 by the Environmental Protection Agencies (EPA) present around the globe. Emission norms and Governmental regulations to tighten and control the flow of such harmful chemicals into the atmosphere, especially from the diesel engines has led to an increase in production of diesel exhaust fluid around the globe. Well-knit supply chain and improvement in the distribution of bulk chemical fluids are another factors behind the growth of the market on a global scale.
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Though less utilized in comparison to petrol engines in passenger cars, diesel engines have found its applications mainly in the commercial vehicles segment with over 90% of commercial vehicles fitted with diesel engines. This important factor coupled with increasing commercial and goods transportation activities have led to an increase in sales of commercial vehicles on a yearly basis, further augmenting the growth of the diesel exhaust fluid market in the upcoming years. Diesel exhaust fluid when used in conjunction with SCR technology has marginally improved fuel efficiency of diesel run vehicles up to 5%, which can further aid in the growth of the market in the forecast period.
Diesel Exhaust Fluid Market: Regional Outlook
The market growth of diesel exhaust fluid is correlated to the NOx emission norms enforced in a particular area or country and the sales of diesel run vehicles. The United States in the North America region has mandated the use of diesel exhaust fluid in all of its diesel run vehicles setting up itself as an attractive opportunity for the market to grow while the growing popularity of diesel run vehicles in Europe and the Indian subcontinent region can also boost the market.
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Diesel Exhaust Fluid Market: Market Participants
Examples of some of the market participants identified in the Global Diesel Exhaust Fluid market include: CF Industries Holdings, Inc., Cummins Filtration, Dyno Nobel, KOST USA, Inc., STOCKMEIER Group, Old World Industries, LLC, The Potash Corporation of Saskatchewan, Yara International ASA, Certified DEF, Blue Sky Diesel Exhaust Fluid, McPherson Oil Company, Tersus DEF, Colonial Chemical Company, Dakota Gasification Company, Cervantes-Delgado, Inc.
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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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