Diesel Exhaust Fluid Market Size, Share 2022 In-depth Analysis by Top Manufacturers and Forecast 2030
According to a recent report published by Market Research
Future, the Diesel
Exhaust Fluid market size is expected to increase at a steady pace
between 2022 and 2030. By the end of 2028, the business will grow at a CAGR of
8.4 per cent to reach approximately USD 30,643.9 million
Diesel Exhaust Fluid Market Overview
Diesel exhaust fluid (DEF) is a liquid used to reduce air
pollution caused due to diesel engines. It is also known by the names AUS 32
and ARLA 32 and marketed as AdBlue. The DEF or AdBlue is an aqueous urea
solution made with 32.5% urea and 67.5% deionized water. To meet stringent NOx
emission standards beginning in 2010 for commercial truck engines and beginning
in 2014 for most off-road engines, most engine makers have installed an
embedded selective catalytic reduction (SCR) technology in the diesel vehicles,
which requires DEF to operate.
AdBlue is filled in a separate tank in vehicles with SCR
technology. DEF is injected in the selective catalytic reduction (SCR) system,
where it is heated in the exhaust stream and decomposes into ammonia and CO₂.
When the NOx from the engine exhaust stream reacts inside the catalyst with the
ammonia, the harmful NOx molecules in the exhaust stream are converted to
harmless nitrogen and water, which are then released from the vehicle's
tailpipe. Typically, a diesel engine requires about 3% DEF of the fuel.
Want to know how our published reports look?
Click here to Get a FREE sample report directly in your
mailbox @ https://www.marketresearchfuture.com/sample_request/5034
The report published covers all the aspects of the Diesel
Exhaust Fluid industry, starting from the industry's benchmarks, segments
in which the industry operates, regional analysis and study of the competitors
in the said industry domain
Competitive Landscape
The global diesel exhaust fluid (AdBlue) market is
characterized by the presence of many global, regional, and local vendors. The
market is highly competitive, with all the players competing to gain maximum
market share. Rapid advancements in catalytic technology, frequent changes in
government regulations, and growing application of AdBlue in the automotive
industry, agricultural machinery, diesel-powered heavy industrial machinery,
and others are the key factors increasing the demand for the product. The vendors
compete based on cost, product quality, and brand name. It is crucial for the
vendors to offer cost-effective and high-quality AdBlue to compete in the Asian
market.
The growth of market players is dependent on market
conditions, government regulations, and industry development. Thus, the players
should focus on expanding the production capacity to meet the demand and
enhance their services. BASF SE (Germany), Yara (Norway), Mitsui Chemicals Inc
(Japan), BP p.l.c (UK), Borealis AG (Austria), Nissan Chemical Corporation
(Japan), GreenChem (Netherlands), NOVAX Material & Technology Inc (China),
Royal Dutch Shell PLC (Netherlands), and Adeco doo (Siberia) are the major
companies operating in the market that compete in terms of quality and price.
These players are primarily focusing on the development of sophisticated and
advanced mixes of AdBlue. Although the international players are dominating the
market, the regional and local players with small market shares also have a
moderate presence.
What drives the global DIESEL EXHAUST FLUID Market?
The global Diesel Exhaust Fluid market report covers
the Diesel Exhaust Fluid industry's driving elements that are taking the
market forward and making it earn huge revenues through various channels.
The growth drivers are classified according to their nature;
sometimes, the rules and regulations are driving elements for the market, and
sometimes things like awareness and demand drive the market.
The Diesel Exhaust Fluid report also covers the
opportunities that are emerging in this market segment, which will help the
professionals and newcomers in the industry grow their business globally with
equal opportunities.
Diesel Exhaust Fluid Market Segmentation Table
By Application
- Automotive
- Construction
Machinery
- Farm
Machinery
- Electronic
Generators
- Railway
Engines
- Others
Regional analysis of the Global Diesel Exhaust Fluid
market –
The global Diesel Exhaust Fluid market report
published by Market Research Future covers a detailed analysis of key regions,
which are North America, Europe, Asia-Pacific, Middle East & Africa.
The report studies the Diesel Exhaust Fluid industry
in all these prominent regions and states which one is the leading market
grosser amongst them and considering the DIESEL EXHAUST FLUID market, the (region)
has a sheer dominance over other regions.
With all these things discussed in detail, the research
report published covers almost every detail about the Diesel Exhaust Fluid industry
on a global note and studies every aspect of the global DIESEL EXHAUST FLUID
market in detail.
What are the market factors that are covered in the
report?
-Key Strategic Developments: The study also includes
the key strategic developments of the Diesel Exhaust Fluid market,
comprising R&D, new product launch, M&A, agreements, collaborations,
partnerships, joint ventures, and regional growth of the leading competitors
operating in the market on a global and regional scale.
-Key Market Features: The Diesel Exhaust Fluid Market
report evaluated key market features, including revenue, price, capacity,
capacity utilization rate, gross, production, production rate, consumption,
import/export, supply/demand, cost, market share, CAGR, and gross margin. In
addition, the study offers a comprehensive study of the key market dynamics and
their latest trends, along with pertinent market segments and sub-segments.
The research includes historic data from 2017 to 2021 and
forecasts until 2030 which makes the reports an invaluable resource for
industry executives, marketing, sales and product managers, consultants,
analysts, and other people looking for key industry data in readily accessible
documents with clearly presented tables and graphs.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/diesel-exhaust-fluid-market-5034
About Market Research Future®
Market Research Future is one of the leading market research
companies in India that has a reputation for publishing top-notch reports on
various market segments globally.
(Part of WantStats Research and Media Pvt. Ltd.) has
specialized research analysts in the areas of Aerospace & Defense,
Automotive, C&M, Energy & Power, F&B, Healthcare &
Pharmaceutical, ICT, Industrial Equipment, Packaging Construction & Mining
and Semiconductor.
To know more, visit www.marketresearchfuture.com.
Comments
Post a Comment