Diesel Exhaust Fluid Market

Expansions, Agreements, and Acquisitions have been the Key Strategies Adopted by Major Players to Gain Traction in the Diesel Exhaust Fluid Market

The rising stringency in vehicular emissions and fuel efficiency regulations in North America, Europe, and Asia is responsible for the increase in diesel vehicles with selective catalytic reduction (SCR). The demand for the diesel exhaust fluid aftermarket is influenced by factors such as increasing average age of the vehicle, improving infrastructure, growing number of vehicles on the road, average miles driven, replacement cycle of diesel exhaust fluid, and growing concerns of vehicle maintenance. The diesel exhaust fluid aftermarket is projected to grow at a CAGR of 13.06% from 2017 to 2022, to reach USD 21.50 Billion by 2022.

Expansions, agreements, and acquisitions have been the key strategies adopted by major players to gain traction in the diesel exhaust fluid market. Agrium Inc. (Canada) announced the successful establishment of its new urea manufacturing facility in Texas. The new plant has a production capacity of approximately 610,000 tons of urea each year, of which 100,000 tons will be used to produce diesel exhaust fluid. Yara International (Norway) signed an agreement with Cisa Agro (Nicaragua), a Managua-based company, to expand its share in Central America by 2020.

The diesel exhaust fluid market is dominated by a few global players and comprises several regional players. Yara International (Norway) is a leading global player in the market. It is one of the world’s leading producers of nitrates, calcium nitrate, NPK (nitrogen, phosphorus, and potassium) and it is world number two in the production of ammonia. The business segments of the company include fertilizer, industrial products, and ammonia trade. The company has a regional presence in 160 countries worldwide. The company offers a diverse product portfolio and is focused on expanding its product offerings further to cater to the demands of diverse customer segments. Partnerships and acquisitions are the key strategies followed by the company to gain traction in the market. In January 2015, Yara International entered into a partnership with Lubraquim (Brazil), an automotive lubricant manufacturer, to strengthen its position in the air cleaning solutions market. This partnership is expected to strengthen Yara International’s position in Brazil.

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CF International Holdings, Inc. (U.S.) is a manufacturer and distributor of agricultural fertilizers. It is a global leader in the production of nitrogen fertilizers. The business segments of the company are urea ammonium nitrate, ammonia, granular urea, ammonium nitrate, and others. CF International Holdings adopted expansions and agreements as the key strategies to achieve growth in the market. In March 2016, the company established a new urea ammonium nitrate plant, which is the company’s single largest global plant operating in North America. The new plant increased the company’s annual production capacity of urea by 75%. The total annual capacity of this new plant is 1.8 million tons.

Related Reports:

Diesel Exhaust Fluid Market by Component (SCR Catalyst, DEF Tank, Injector, Supply Module, Sensor), OHV Market by Application (Construction & Agriculture), Aftermarket by Vehicle Type, Supply Mode (Cans, IBC, Bulk & Pump), & by Region - Forecast to 2022

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Report Code
AT 5502
RI Published ON
8/17/2017
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