The “Global Diesel Exhaust Fluid Market Size By Component, By Supply Modes, By Vehicle Type, By End Market, By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Diesel Exhaust Fluid Market, including its growth prospects, market trends, and market challenges
JERSEY CITY, N.J., Sept. 14, 2023 /PRNewswire/ — The Global Diesel Exhaust Fluid Market is projected to grow at a CAGR of 13.5% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 19.50 Billion in 2021 and is expected to reach USD 60.47 Billion by the end of the forecast period.
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Browse in-depth TOC on “Diesel Exhaust Fluid Market“
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Global Diesel Exhaust Fluid (DEF) Market: Market Drivers, Outlook, and Key Players
The global Diesel Exhaust Fluid (DEF) Market is poised for significant growth in the coming years, driven by a combination of market drivers and evolving industry dynamics. Diesel Exhaust Fluid, commonly known as AdBlue, is a critical solution in the reduction of nitrous oxide (NOx) emissions from diesel engines. It is composed of 67.5% deionized water and 32.5% urea and is colorless, odorless, and non-flammable. DEF vaporizes within the exhaust pipe, breaking down into ammonia and carbon dioxide, which then react with harmful nitrogen oxides within the selective catalytic reduction (SCR) catalyst of vehicles.
Diesel Exhaust Fluid (DEF) Market Drivers:
Stringent Emission Regulations: One of the primary drivers of the global Diesel Exhaust Fluid (DEF) Market is the implementation of strict laws governing greenhouse gas (GHG) emissions. Governments worldwide are focusing on reducing harmful emissions from vehicles, leading to an increased demand for DEF, especially in the automotive sector.
Growing Demand in End-Use Sectors: The demand for Diesel Exhaust Fluid (DEF) Market is rapidly rising in various end-use sectors, including automotive, marine, and aerospace. As industries seek eco-friendly solutions to meet emission standards, DEF usage is on the upswing, further propelling market growth.
Expansion of Heavy-Duty Vehicle Segment: The need for heavy-duty vehicles, such as trucks and trailers, is increasing due to rapid industrialization and infrastructure development in remote areas. This surge in heavy-duty vehicle demand is expected to have a positive impact on DEF sales.
Diesel Exhaust Fluid (DEF) Market Outlook:
Despite these drivers, several challenges may temper the market’s growth. Fluctuating raw material costs, particularly urea, and the rising popularity of electric vehicles pose potential hurdles. Adulteration also threatens DEF quality and market integrity. Nonetheless, the market remains promising with opportunities emerging from ongoing technological advancements, increased Diesel Exhaust Fluid (DEF) Market demand in construction equipment, and untapped potential in emerging economies.
Diesel Exhaust Fluid (DEF) Market Key Players:
Several key players in the global Diesel Exhaust Fluid market are contributing to its growth and competitiveness. These companies are at the forefront of innovation and production in the DEF industry. Prominent players include:
TotalEnergies
Shell PLC
BASF SE
CF Industries Holdings
Cummins Filtration
Nissan Chemical Industries
The McPherson Companies
Diesel Exhaust Fluid (DEF) Market Regional Growth:
The North American market is set to experience substantial growth due to ongoing projects, increased demand for commercial vehicles, and the standardization of DEF tanks in buses manufactured in countries such as the United States.
The global Diesel Exhaust Fluid (DEF) Market is evolving rapidly, driven by environmental concerns, regulatory pressures, and industry innovation. As key players continue to invest in research and development, and new opportunities emerge, the market’s future looks promising.
To get market data, market insights, financial statements and a comprehensive analysis of the Global Diesel Exhaust Fluid (DEF) Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Diesel Exhaust Fluid (DEF) Market into Component, Supply Modes, Vehicle Type, End Market, And Geography.
Diesel Exhaust Fluid (DEF) Market, by Component
SCR Catalyst
DEF Tank
DEF Injector
DEF Supply Module
DEF Sensor
NOx Sensor
Diesel Exhaust Fluid (DEF) Market, by Supply Modes
Cans & Bottles
Intermediate Bulk Containers (IBC)
Bulk
Pumps
Diesel Exhaust Fluid (DEF) Market, by Vehicle Type
Passenger Cars
Light Commercial Vehicle LCVs
Heavy Commercial Vehicle HCVs
Diesel Exhaust Fluid (DEF) Market, by End Market
OEM
Aftermarket
Diesel Exhaust Fluid (DEF) Market, by Geography
North America
U.S
Canada
Mexico
Europe
Germany
France
U.K
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
ROW
Middle East & Africa
Latin America
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