Diesel Exhaust Fluid Market Growing at a CAGR of 13.06% During 2017 to 2022 Says a New Research Report at ReportsnReports
PUNE, India, August 21, 2017 /PRNewswire/ --
The diesel exhaust fluid market is forecast to reach $21.57 billion by 2022 from $10.64 billion in 2016 at a CAGR of 13.06% during (2017-2022) driven by the increasing penetration of selective catalytic reduction (SCR) technology in exhaust system owing to stringent emission regulations and frequent re-filling of DEF.
Browse 103 Market Data Tables and 57 Figures spread through 180 Pages and in-depth TOC on "Diesel Exhaust Fluid Market - Forecast to 2022" http://www.reportsnreports.com/reports/1159146-diesel-exhaust-fluid-market-by-component-scr-catalyst-def-tank-injector-supply-module-sensor-ohv-market-by-application-construction-agriculture-aftermarket-by-vehicle-type-supply-mode-cans-ibc-bulk-st-to-2022.html .
The Asia-Oceania region constitutes the largest diesel exhaust fluid market for Original Equipment (OE) market. The Asia-Oceania region leads the diesel exhaust OE market owing to increasing vehicle production in countries such as China and India. The vehicle production in these countries is projected to grow at a CAGR of 4-5% over the period of next five years. The SCR penetration for vehicles in these countries is also expected to rise after the introduction of stringent emissions standards such as BS 4 and China 5 in 2017. This will lead to increased demand for DEF in this region during the forecast period.
The passenger car is the fastest growing vehicle segment in the diesel exhaust fluid aftermarket. The passenger car segment has historically been emitting higher NOx emissions as compared to other vehicle segments such as LCV and HCV. However, with stringent emission standards such as Euro 6, the NOx emissions for passenger cars have been reduced to a very low level. To reduce the NOx emissions, exhaust after treatment has become a mandate in various countries. On the other hand, around 90-95% of heavy commercial vehicles are already equipped with SCR. Hence, the passenger car segment offers a huge opportunity for the DEF aftermarket.
Make an Inquiry on Diesel Exhaust Fluid Market by Component (SCR Catalyst, DEF Tank, Injector, Supply Module, Sensor), OHV Market by Application (Construction & Agriculture), Aftermarket by Vehicle Type, Supply Mode (Cans, IBC, Bulk & Pump), & by Region - Forecast to 2022 research report at http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1159146 .
The diesel exhaust fluid market is dominated by a few global players. Some of the key manufacturers operating in the market are Yara International (Norway), China Petrochemical Corporation (Sinopec) (China), CF International Holdings, Inc. (U.S.), Total S.A. (France), and BASF SE (U.K.). There are certain key innovators gaining attention in the diesel exhaust fluid market including Nissan Chemical Industries, Ltd. (Japan) and Shaw Development LLC (U.S.).
The construction equipment constitutes the largest off-highway diesel exhaust fluid OE market globally. Construction equipment works in harsh conditions and must be capable of handling heavy loads. Thus, the power requirement of these vehicles is higher than that of on-road vehicles and other off-road vehicles such as agricultural tractors. Further, Tier-IV regulations have been implemented across various countries for off-highway equipment, which mandate manufacturers to reduce particulate matter and nitrogen oxide levels by 50%-90%.Hence, the increasingly stringent emission norms for construction equipment are driving the off-highway diesel exhaust fluid market.
Download a Sample Copy of this Report at http://www.reportsnreports.com/contacts/requestsample.aspx?name=1159146 .
The rising stringency of vehicular emissions in North America, Europe, and Asia is responsible for the increase in diesel vehicles with SCR and thus is the main driver for increasing DEF consumption. Also, DEF has a huge demand in the aftermarket. A mid-class passenger car needs 0.26 gallons of DEF per 620 miles, and an SUV/MPV requires 0.4 gallons of DEF per 620 miles. Hence, there is a frequent need for DEF replacement or refill, which drives the aftermarket. However, the market growth is restrained by the increasing sales of battery electric vehicles. As these vehicles run with a pure electric power train, the need for an exhaust system is eliminated.
In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (50%), Tier 2 (33%) and others (urea suppliers) (17%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (50%), Directors (33%) and others (sales & marketing managers) (17%) from various key organizations operating in the diesel exhaust fluid market. The primary interviews were conducted worldwide covering regions such as North America (14%), Europe (29%), AsiaPacific (43%) and RoW (14%).
Another research titled Exhaust Systems Market Global Forecast to 2021 says, the exhaust system market is projected to grow at a CAGR of 8.45%, to reach a market size of $59.02 billion by 2021. Increase in need for Advanced After-treatment devices will give rise to demand for exhaust systems. Passengers cars have the largest growing market in vehicle type segment for exhaust system. Asia-Oceania & North America: Fastest-growing market for exhaust system and its components. Companies such as Faurecia (France), Tenneco Inc. (U.S.), Eberspacher (Germany), Futaba Industrial Co., Ltd. (Japan), Sango Co., Ltd (Japan), Benteler International AG (Austria), Friedrich Boysen GmbH & Co. KG (Germany), Yutaka Giken Co., Ltd. (Japan), Sejong Industrial Co., Ltd. (South Korea) have been profiled in this 202 pages research report available at http://www.reportsnreports.com/reports/290083-automotive-exhaust-systems-market-by-geography-asia-pacific-north-america-europe-row-by-vehicle-type-passenger-cars-lcvs-hcvs-by-fuel-type-gasoline-diesel-by-after-treatment-device-dpf-doc-scr-twc-nox-adsorber-trends-forecasts-to-2019.html .
Explore more reports on Automotive Market at http://www.reportsnreports.com/market-research/automotive/ .
About Us:
ReportsnReports.com is an online market research reports library of 500,000+ in-depth studies of over 5000 micro markets. Not limited to any one industry, ReportsnReports.com offers research studies on agriculture, energy and power, chemicals, environment, medical devices, healthcare, food and beverages, water, advanced materials and much more.
Contact:
Hrishikesh Patwardhan
2nd Floor, Metropole Building
Next to Inox Theatre
Bund Garden Road, Pune - 411001
Maharashtra, India
+1-888-391-5441
[email protected]
Connect with Us:
LinkedIn: http://www.linkedin.com/company/reportsnreports
RSS/Feeds: http://www.reportsnreports.com/feed/l-latestreports.xml
Share this article