PUNE, India, August 16, 2017 /PRNewswire/ --
The report "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", published by MarketsandMarkets™, the Diesel Exhaust Fluid Market is projected to grow at a CAGR of 13.06% from 2017 to 2022, to reach a market size of USD 21.57 billion by 2022. The aftermarket is primarily driven by increasing number of vehicles on the road, stringent emission standards, average miles driven, and frequent re-filling of DEF and other factors.
Browse through 103 market data tables and 57 figures spread across 180 pages, and an in-depth TOC on "Diesel Exhaust Fluid Market - Global Forecast to 2022"
Early buyers will receive 10% customization on this report
"HCVs to be the largest vehicle type in the Diesel Exhaust Fluid Aftermarket"
The HCV segment is estimated to hold the largest share of the diesel exhaust fluid aftermarket. The demand for diesel exhaust fluid in HCVs is influenced by the total HCV vehicle parc and the penetration of SCR in the diesel HCVs. According to MarketsandMarkets™ analysis, the heavy commercial vehicle parc has increased from 26.32 million units in 2016 to 26.88 million units in 2017 and is expected to increase further in the future. The increasing vehicle parc can be attributed to the rise in sales of HCVs and the increased average life of vehicles. Furthermore, the SCR penetration in HCVs is also higher as the tailpipe emission regulations were adopted in this vehicle segment much earlier than light duty vehicles. Hence, the diesel exhaust fluid aftermarket is led by the HCV vehicle segment.
Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=155714937
"Pumps supply mode to be the fastest growing segment of the Diesel Exhaust Fluid Aftermarket"
The pumps supply mode segment is projected to witness the fastest growth during the forecast period. The growth of this segment can be attributed to the various initiatives by government bodies to improve DEF pumps infrastructure. In North America, the number of DEF pumps has increased from 550 in 2012 to 1,700 in 2014, and this number is expected to increase in the future. Despite the high initial investment cost, the government bodies are increasingly focusing on the DEF pumps. Hence, this supply mode is expected to experience the highest growth during the forecast period.
"North America expected to be the largest market for Diesel Exhaust Fluid Aftermarket"
North America is estimated to be the largest aftermarket for DEF during the forecast period. The U.S., Canada, and Mexico collectively account for the highest number of vehicles on the road. According to MarketsandMarkets™ analysis, the number of vehicles on the road in the U.S. will increase from 264.2 million units in 2015 to 289.4 million units by 2022. In addition, with the implementation of stringent Tier 2 emission regulations in 2010, 95-98% of the HCVs in the U.S. are already equipped with SCR systems. Thus, the diesel exhaust fluid aftermarket is the largest in this region.
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.).
Browse Related Reports
Catalytic Converter Market by Type (Three-way Catalytic Converter, Selective Catalytic Reduction, Diesel Oxidation Catalyst, and Lean NOx Trap), Material (Platinum, Palladium, Rhodium), Region, and Aftermarket by Region - Global Forecast to 2021
Exhaust Systems Market by After Treatment Device (DOC, DPF, LNT, SCR & GPF), Fuel Type, Component (Manifold, Downpipe, Catalytic Converter, Muffler, Tailpipe, Sensor), and Region, Aftermarket by Component & After Treatment Device - Global Forecast to 2021
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Email: [email protected]
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets