The Global Diesel Exhaust Fluid market is expected to grow from $9.95 billion in 2016 to reach $22.80 billion by 2023 with a CAGR of 12.5%
NEW YORK, Nov. 2, 2017 /PRNewswire/ -- According to Stratistics MRC, the Global Diesel Exhaust Fluid market is expected to grow from $9.95 billion in 2016 to reach $22.80 billion by 2023 with a CAGR of 12.5%. Some of the factors driving the market include, growing adoption of DEF filing pumps and strict emission regulations are increasing the demand for diesel SCR Vehicles. In addition, varying prices of urea and diesel, growing demand for electric vehicles are restricting the market growth.
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Light Commercial vehicles segment is expected to witness huge growth rate due to the fact that LCVs have large diesel tank capacity compared to that of passenger cars and thus the demand is growing for these vehicles. Diesel car gives higher efficiency which is increasing the demand in automotive sector. Also innovations such as catalytic converters and diesel exhaust fluid have thus become important for the automotive industry during the forecast period.
Asia Pacific is dominating the market with the highest CAGR and the growth is attributed to the increasing production of vehicles in developing countries such as India and China. North America is leading the DEF market owing to high penetration of vehicles designed with SCR compared with other countries.
Some of the key players in global diesel exhaust fluid market include BASF SE , Cummins Inc, Potashcorp, CF International Holdings, Inc, Royal Dutch Shell PLC, Graco Inc, Total S.A. , Nissan Chemical Industries, Ltd, China Petrochemical Corporation (Sinopec), Air Liquide (Airgas), Yara International, Agrium Inc, Blue Sky, Downs Energy, Mitsui Chemicals Inc and GreenChem Solutions Ltd.
Components Covered:
-- Tank
-- Supply Module
-- SCR Catalyst
-- Sensor
-- Injector
-- Nox Sensor
Packaging Types Covered:
-- Bulk & Pump
-- Cans & Bottles
-- Intermediate Bulk Container (IBC)
-- Drums
Vehicle Types Covered:
-- Farm Machinery
-- Airport and Dockside Vehicles
-- Passenger Cars
-- Mobile and Static Cranes
-- Tractors
-- Mining Machinery
-- Dumper Trucks
-- Cranes
-- Construction Equipment
Power Outputs Covered:
-- 101-200 HP
-- >400 HP
-- 80-100 HP
-- 201-400 HP
Equipment Solutions Covered:
-- Hoses
-- Mini-bulk Systems
-- Box Delivery Trucks
-- Tank Wagons
-- Transport Trucks
-- Certified Pumps
-- Nozzles
-- Bulk Delivery Trucks
Regions Covered:
-- North America
o US
o Canada
o Mexico
-- Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
-- Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
-- South America
o Argentina
o Brazil
o Chile
o Rest of South America
-- Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Read the full report: https://www.reportlinker.com/p05169980
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