Pune, India, March 26, 2019 -- /360iResearch/ -- The report "Global Diesel Exhaust Fluid Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025 (Q4 2018 Update)", published by 360iResearch, states that the global market was valued at USD 11.90 billion in 2018 and is projected to reach USD 26.82 billion by 2025, growing at a CAGR of 12.31% from 2018 to 2025.
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The major forces driving the growth of the diesel exhaust fluid market include the stringent regulations to reduce the emission of harmful chemicals such as nox, cox, and unburnt particles and well-knit supply chain and improvement in the distribution of bulk chemical fluids. Moreover, need to improvise the average age and driving range and growing demand for def in the construction equipment segment are also some of the factors that are driving the market growth. However certain factors such as the increasing shift towards sales of electric vehicles may hinder the market growth. In the middle of difficulty lies opportunity such as the increasing commercial and goods transportation activities, emerging nations to offer potential growth opportunities, diesel exhaust fluid used in conjunction with scr technology, and increasing use in non-road mobile machinery and agricultural tractors that uses diesel-powered engines. The possible challenges for the market growth are adulteration affecting the quality of def, fluctuating prices of urea and diesel prices, and availability of lower price substitute than officially branded adblue. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on strage type, the global diesel exhaust fluid market is studied across Bulk Storage Tanks, Dispensers, and Portable Containers. Based on application, the global diesel exhaust fluid market is studied across Non-vehicular, and Vehicular. Based on geography, the global diesel exhaust fluid market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the diesel exhaust fluid market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are BASF SE, CF Industries Holdings, Inc., China Petroleum and Chemical Corporation, Cummins Filtration Inc., GBZI Comtrade Ltd., GreenChem Solutions Ltd., Greenline Industries, KOST USA Inc., Kelas, Mitsui Chemicals Inc., Nissan Chemical Industries Limited, Novax Adblue, Shell Rotella, Total S.A, and Yara International ASA.
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