Diesel Exhaust Fluid (Adblue) Market Demand to Surpass 4 Billion Gallons by 2022
Rising environmental concerns, growing automobile
sales and introduction of innovate technologies to propel demand for diesel
exhaust fluid market globally through 2022
According to a recently published
TechSci Research report “Global Diesel Exhaust Fluid (Adblue)
Market By
Application, By Storage Solution, By Region, Competition Forecast and
Opportunities, 2012 - 2022”, the global diesel exhaust fluid market is forecast to
cross 4 billion gallons by 2022. Countries such as US, Japan, Brazil and China
have adopted stringent emission standards, which are aimed at cutting down
Nitrogen Oxide emissions from diesel engines. Over the past few years, countries
such as China, India and the US have witnessed sharp rise in sales of passenger
cars. Global passenger car market is expected to rise from 72.61 million units
in 2015 to 78.18 million units in 2017. Furthermore, demand for medium and
heavy commercial vehicles is also increasing at a rapid pace across the globe. On
account of this continuing surge in number of passenger cars as well as medium
and heavy commercial vehicles, adoption of selective catalytic reduction
technology in diesel engine vehicles is growing, thereby boosting consumption
of diesel exhaust fluid, globally.
Browse
7 market data Tables and 78 Figures spread through 182 Pages and an
in-depth TOC on "Global Diesel Exhaust Fluid Market"
https://www.techsciresearch.com/report/global-diesel-exhaust-fluid-adblue-market-by-application-vehicular-non-vehicular-by-storage-solution-bulk-storage-tank-dispenser-etc-by-region-asia-pacific-north-america-europe-etc-competition-forecast-and-opportunities/945.html
Moreover, global diesel exhaust
fluid market is anticipated to increase in the coming years, owing to rising demand
from tractors, pumps, harvesters, etc. Countries such as Brazil, India and
Indonesia are expected to register high sales of OTR diesel engines in the
coming years, owing to rapid modernization being witnessed in the agricultural sector
of these countries. Global OTR vehicle market stood at 11.43 million units in
2015 and is forecast to reach 17 million units by 2020. Anticipated increase in
sales of OTR vehicles would fuel consumption of diesel exhaust fluid during the
forecast period.
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“Increasing
implementation of environment friendly legislations in major economies across North
America, Europe and Asia-Pacific is propelling demand for diesel exhaust fluid in
light, medium as well as heavy duty vehicle. Moreover, adoption of hybrid
selective non-catalytic reduction (SNCR) and selective catalytic reduction
(SCR) technologies to maximize on reduction of Nitrogen Oxide emissions coming
out of motor vehicles is positively influencing the global DEF market.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global Diesel Exhaust Fluid (Adblue) Market
By Application, By Storage Solution, By Region, Competition Forecast and
Opportunities, 2012 - 2022” has evaluated the future growth
potential of diesel exhaust fluid market globally and
provides statistics and information on market structure, industry behavior and
trends. The report includes market projections and demand forecasting. The
report is intended to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes emerging trends along with essential drivers,
challenges and opportunities available in global diesel exhaust fluid market.
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