The global diesel exhaust fluid market size was USD 31.70 Billion in 2021 and is expected to register a revenue CAGR of 7.3% over the forecast period, according to the latest report by Reports and Data. Various governments from several countries across the globe have imposed stringent emission regulations which is the key factor driving the revenue growth of the market.
DEF is a urea and water solution that is injected into the exhaust stream of diesel vehicles to convert Nitrogen Oxide (NOx) gases (harmful emissions) into nitrogen and water. This system is known as Selective Catalytic Reduction (SCR), and it was deployed by vehicle manufacturers in 2010 to meet Environmental Protection Agency (EPA) emission limits.
Increasing number of car purchasers are choosing to purchase diesel-powered vehicles as a result of rising consumer demand for increased fuel efficiency. Since diesel engines provide more torque or pulling power, they have been the preferred choice for commercial vehicles for a long time. Currently, diesel fuels more than 60% of passenger vehicles on European roadways.
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Top Leading Players:
TotalEnergies, BASF SE, Brenntag SE, China Petrochemical Corporation, Yara International ASA, Valvoline, Castrol Limited, Cummins Inc., Graco Inc., and WinField United.
Key Companies in the market include:
- SCR catalysts segment is expected to account for the largest revenue share over the forecast period. Selective Catalytic Reduction (SCR) is a cutting-edge active emissions control technology system that reduces Nitrogen Oxide (NOx) emissions from the tailpipe of newer generation diesel-powered vehicles and machinery to almost zero levels. One of the most affordable and fuel-efficient solutions for virtually eliminating emissions from diesel engines is SCR technology.
- Agricultural tractors segment is expected to register a rapid revenue growth rate during the forecast period. Selective catalytic reduction (SCR) technology is currently used by more modern off-road tractors, combine harvesters, and other diesel-powered agricultural vehicles to reduce pollution.
- Pumps segment is expected to register a rapid revenue growth rate over the forecast period. The urea-based Diesel Exhaust Fluid (DEF) is used to lower NOx emissions. Most new diesel vehicles need a DEF system to stay compliant with the increasingly strict vehicle emissions rules. Use the appropriate pumping and handling tools while maintaining the DEF system to avoid costly catalyst or DEF injector failures. In addition, careful engineering is necessary when developing DEF pumps since DEF contains urea, which can form crystals that sneak past joints and seals of poorly-designed equipment. The diesel exhaust fluid urea pump system is intended to transmit DEF fluid from a tank to diesel equipment securely and effectively. This helps facilities abide by stringent NOx emission rules. The DEF system is built with stainless steel piping and pumps to withstand even the harshest outside conditions.
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Key questions covered in the global Diesel Exhaust Fluid Market report:
- What is the expected market size of the global Diesel Exhaust Fluid Market during the forecast period?
- What factors are expected to hamper global Diesel Exhaust Fluid Market growth over the forecast period?
- What key factors are expected to drive global revenue growth between 2021 and 2028?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Polyvinyl Alcohol market?
Segments covered in the report:
Vehicle Type Outlook (Revenue, USD Billion; 2019-2030)
- Passenger Cars
- HCV
- LCV
Component Outlook (Revenue, USD Billion; 2019-2030)
- SCR Catalysts
- DEF Tanks
- DEF Injectors
- DEF Supply Modules
- Others
Application Outlook (Revenue, USD Billion; 2019-2030)
- Construction Equipment
- Agricultural Tractors
- Others
Supply Mode Outlook (Revenue, USD Billion; 2019-2030)
- Cans & Bottles
- IBCs
- Bulk
- Pumps
End-Use Outlook (Revenue, USD Billion; 2019-2030)
- OEM
- Aftermarket
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