Global Diesel Exhaust Fluid Market - Industry Trends and Forecast to 2029

Market Analysis and Insights : Global Diesel Exhaust Fluid Market

The diesel exhaust fluid market is expected to witness market growth at a rate of 12.0% in the forecast period of 2022 to 2029 and is expected to reach USD 66,553.89 million by 2029. Data Bridge Market Research report on diesel exhaust fluid market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the diesel vehicles with SCR is escalating the growth of diesel exhaust fluid market.

Diesel engine exhaust fluid (DEF) is known to be an anti-pollution agent that can constrain and decrease the harmful nitrogen oxide (NOx) emissions that comes from diesel-powered internal combustion engines. The diesel exhausts fluid is standardized as an aqueous urea solution by International Organization for Standardization (ISO). This consumable fluid is utilized in concurrence with selective catalytic reduction or SCR technology used in diesel run vehicles to decrease the harmful pollutants emitted from the exhausts. Diesel engine exhaust fluid is stored in a separate fuel tank, which is connected to the exhaust pipe, and is activated instantly as long as the engine is running.

Major factors that are expected to boost the growth of the diesel exhaust fluid market in the forecast period are the strict emission regulations are leading to the amplified penetration of diesel SCR vehicles and rise in the number of DEF pumps. Furthermore, the increase in the average age of vehicles and miles is further anticipated to propel the growth of the diesel exhaust fluid market. Moreover, the growing FDI is further estimated to cushion the growth of the diesel exhaust fluid market. On the other hand, the rise in the sales of electric vehicles is further projected to impede the growth of the diesel exhaust fluid market in the timeline period.

In addition, the growing need for DEF in the construction equipment will further provide potential opportunities for the growth of the diesel exhaust fluid market in the coming years. However, the variation in the urea prices might further challenge the growth of the diesel exhaust fluid market in the near future.

This diesel exhaust fluid market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the diesel exhaust fluid market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.

Global Diesel Exhaust Fluid Market Scope and Market Size

The diesel exhaust fluid market is segmented on the basis of vehicle type, component, application, supply mode and end use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets. 

• On the basis of vehicle type, the diesel exhaust fluid market is segmented into passenger cars, LCVs and HCVs.
• On the basis of component, the diesel exhaust fluid market is segmented into SCR catalyst, DEF tank, DEF injector, DEF supply module, DEF sensor and NOx sensor.
• On the basis of application, the diesel exhaust fluid market is segmented into construction equipment and agricultural tractors.
• On the basis of supply mode, the diesel exhaust fluid market is segmented into cans & bottles, IBC, bulk and pumps.
• On the basis of end use industry, the diesel exhaust fluid market is segmented into OEM and aftermarket.

Diesel Exhaust Fluid Market Country Level Analysis

The diesel exhaust fluid market is analysed, and market size, volume information is provided by country, vehicle type, component, application, supply mode and end use industry as referenced above.    

The countries covered in the diesel exhaust fluid market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America. 

North America dominates the diesel exhaust fluid market due to the standardization of diesel exhaust fluid tanks in trucks and buses manufactured in several countries. Furthermore, the growing need for commercial vehicles, both, in LCVs and HCVs and continuous projects will further boost the growth of the diesel exhaust fluid market in the region during the forecast period.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Diesel Exhaust Fluid Market Share Analysis

The diesel exhaust fluid market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the diesel exhaust fluid market.

Some of the major players operating in the diesel exhaust fluid market are Total, Royal Dutch Shell plc, Yara International, BASF SE, China Petrochemical Corporation, CF Industries Holdings, Inc., Cummins Inc., Dyno Nobel, KOST USA, Inc., STOCKMEIER Group, Old World Industries, LLC, The Potash Corporation of Saskatchewan, Certified DEF, Blue Sky Diesel Exhaust Fluid., The McPherson Companies, Colonial Chemical, Dakota Gasification Company, Cervantes Distribution, Inc., and Nissan Chemical Corporation among others.

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