Historically, the sales of diesel exhaust fluids (AdBlue) were driven by the extensive deployment of medium- and heavy-duty commercial vehicles such as mining and construction vehicles and trucks. However, the increasing enactment of stringent vehicular emission norms by the governments of several countries and the growing requirement for higher fuel efficiency, especially in the European, Asian, and North American countries are fueling the requirement for these fluids in passenger vehicles as well.
Additionally, the mushrooming sales of heavy-duty vehicles such as trailers and trucks, on account of the rising industrialization rate and the rapidly improving logistics infrastructure in order to ensure the timely delivery of products in remote areas, are also fueling the demand for these fluids across the globe. As per reports, nearly four million trucks are predicted to be sold globally by 2023. This will subsequently cause the expansion of the diesel exhaust fluid market.
Besides the aforementioned factors, the increasing number of construction and infrastructural development projects being launched in the developing nations such as India, China, Russia, and Brazil is also pushing up the demand for diesel exhaust fluid. This is because these projects are fueling the expansion of the logistics and transportation industries. Hence, it is safe to say that these factors are driving the growth of the diesel exhaust fluid market.
Additionally, the growing demand for product transportation is augmenting the deployment of heavy-duty trucks, which is, in turn, propelling the requirement for bulk storage solutions. Geographically, the diesel exhaust fluid (AdBlue) market will exhibit rapid expansion in Asia-Pacific (APAC) in the coming years, as per the estimates of the market research company, P&S Intelligence. This will be because of the surging sales of heavy- and medium-duty vehicles and the implementation of strict emission norms in the regional countries.
Hence, it can be safely said that the demand for diesel exhaust fluid will shoot up in the forthcoming years, primarily because of the growing enactment of strict emission norms and the mushrooming sales of heavy-duty vehicles, on account of the booming transportation and logistics industries and the launch of infrastructural development projects in various countries.
The demand within the global market for diesel exhaust fluid has been rising on account of several initiatives taken by the automotive sector to reduce harmful emissions from automobiles, finds Transparency Market Research (TMR).
The market players in the global diesel exhaust fluid market have been concentrating on improving the quality and performance of their product to gain a competitive edge over vendors.
The large market players in the global diesel exhaust fluid market are expected to acquire the small, redundant, and defunct vendors to expand their geographical reach.A vital strategy that is expected to be a key highlight of the competitive landscape of the global market for diesel exhaust fluid market is the establishment of strategic alliances between small and medium-sized vendors.
Hence, strategic partnerships, mergers, and acquisitions are projected to be the watchword of the global market for diesel exhaust fluid.The global market for diesel fluid exhaust is expected to expand at a healthy CAGR of 7.1% over the period between 2017 and 2022.
Furthermore, the total revenues accumulated by the global diesel exhaust fluid market in 2017 stood at US$10.4 bn in 2017, and this figure is projected to elevate to US$14.4 bn by 2022-end.
On the basis of pack type, the demand for bottled fluids has been rising across the globe; based on geography, the demand for diesel exhaust fluids is the highest in Europe.
