Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Diesel Exhaust Fluid Market Research Report - Glob | Page 2

to increase usage of DEF in the vehicle. This increase in the usage have
led to the growth of the market during the forecast period.
The diesel exhaust fluid market has been segmented based on storage
solution, vehicle type, end market, and region. On the basis of storage
solution, bulk storage accounted for the largest market share of 39.74%
in 2016, with a market value of USD 4,686.1 million and is projected to
grow at the highest CAGR of 9.75% during the forecast period. Bulk
storage are widely used due to higher capacity of more than 7,000 litres.
The bulk storage enables the OEM to keep the fuel in bulk onsite which
makes it easier for the user to refill there itself. Tanks is the second
largest market due to the compact size which makes them accessible in
the limited space. On the basis of vehicle type, Commercial vehicle
dominated the global diesel exhaust fluid industry market with a share of
76.16% in 2016, in terms of value. The increase in the rise of
commercial vehicle activities, they are having the second largest market
share. Based on end market, Aftermarket dominated the global diesel
exhaust fluid industry market with a share of 68.98% in 2016, in terms of
value.
Diesel Exhaust Fluid Market, By Segmentation
On the basis of region, the market is segmented based on North
America, Asia Pacific, Europe, and Rest of the World. North America
accounts for the largest share of 56.49% in the global diesel exhaust
fluid industry market in 2016. North America has witnessed the most
significant increase in capacity of Nitrogen in the coming years. North
America is the third largest region in nitrogen consumption, following
India and China. This increase in the consumption of nitrogen have led
to the growth of urea demand, which will drive the diesel exhaust fluid
market. In U.S., approximately 70% of the ammonia is used for the
production of urea. About half of the urea that is produced in U.S. is
consumed as solid fertilizers, and more than 25% of urea is consumed to
produce nitrogen based solutions. This increase in the production of urea
have led to increase in the use of diesel exhaust fluid in U.S. Asia Pacific