Diesel Exhaust Fluid (DEF) also known as AdBlue is a non-toxic, odorless, colorless, and non-flammable aqueous solution of urea. It is stored in a particular tank in a car and is sprayed in a controlled manner into the exhaust system to clean exhaust gases. Asia Diesel Exhaust Fluid Market in recent years is rising at a steady pace ensuing general realization of their utility in making diesel engines more ecologically viable by dropping the nitrogen oxide content in their exhausts. Thus, this market plays a major role in the current landscape of the automotive industry and is expected to exhibit steady growth on account of the consistent growth of many arms of the automotive industry. Diesel cars are playing a major role in the automotive industry due to the demand for diesel vehicles in the economy segments, which are rising in eminence due to the growing disposable income of middle-class consumers in emerging regions. Factor such as higher fuel efficiency provided by diesel cars has made them likely to remain a primary contributor to the global automotive sector in the coming years, leading to constant demand from the Asia Diesel Exhaust Fluid Market.
Asia’s Diesel Exhaust Fluid Market is segmented product type and application. On the basis of product type market is further segmented into AUS32, ARLA32, and others. Moreover, application segment is categorized into vehicular, and non-vehicular. Amongst vehicle type, passenger vehicles are likely to be the fastest growing segment over the forecast period. Furthermost, the commercial vehicles are equipped with the Selective Catalytic Reduction technology after enactment of EPA’s 2010 diesel emission standards. Likewise, favorable growth in passenger vehicle sales is anticipated to make the positive environment for the market growth.
Increase in adoption of DEF filing pumps and stringent emission regulations are some of the factors driving the Diesel Exhaust Fluid Market in Asia. Furthermore, variations in prices of diesel and urea and the rising demand for electric vehicles are inhibiting the growth of the market. Additionally, Diesel vehicles are also preferred in the transportation sector owing to their high fuel efficiency, and greater torque as it is more suitable for hauling heavy loads. The transportation sector is thus, also likely to play a major role in the growth of the Asia Diesel Exhaust Fluid Market due to the rapid urbanization in emerging countries.
Some of the top key players in Asia Diesel Exhaust Fluid Market includes Nissan Chemical Industries, Royal Dutch Shell PLC, China Petrochemical Corporation (Sinopec), BASF SE, Agrium Inc, Cummins Inc, Graco Inc, Potash Corp, Blue Sky, CF International Holdings, Inc, Total S.A., Ltd, Air Liquide (Airgas), Yara International, Downs Energy, Mitsui Chemicals Inc and Green Chem Solutions Ltd.
This market is projected to upsurge in the near future, due to the growing demand for pumps, tractors, harvesters, etc. Countries such as India, Brazil, and Indonesia are expected to record high sales of OTR diesel engines, because of rapid modernization in the agricultural sector of these countries. Growing consumer demand for better fuel efficiency is encouraging more and more car buyers to invest in diesel engine vehicles.
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