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In 2022, the market for diesel exhaust fluid was estimated to be worth USD 18649.8 million. During the projection period (2023–30), the diesel exhaust fluid market industry is anticipated to increase from USD 20216.08 million in 2022 to USD 35555.06 million, registering a compound yearly growth rate (CAGR) of 9.40%. The primary market factors boosting the growth of the diesel exhaust fluid market are the increasing regulatory norms being established to control vehicle emissions and the increasing usage of diesel exhaust fluid technologies.
In order to prevent and lessen harmful nitrogen oxide (NOx) emissions from diesel-powered internal combustion engines, diesel engine exhaust fluid (DEF) is used as an anti-pollution agent. International Organisation for Standardisation (ISO) defines the diesel exhaust fluid as an aqueous urea solution. To reduce harmful pollutants generated from exhausts, diesel-powered automobiles use Selective Catalytic Reduction, or SCR, technology in conjunction with this consumable fluid. While the engine is running, a separate fuel tank that is attached to the exhaust pipe stores the diesel engine exhaust fluid and activates it instantly. In order to reduce the emission of harmful chemicals like NOx, COx, and unburned particles from exhaust of vehicles and other machinery, primarily by NOx emissions act enforced in 2010 by the Environmental Protection Agencies (EPA) present around the world, environmental sustainability is one of the foremost issues entrusted to various automobile manufacturers and fossil fuel energy corporations. One of the key factors driving the expansion of the global diesel engine exhaust treatment fluid market is the rising demand for diesel engine exhaust treatment fluid in end-use sectors including marine, automotive, and aerospace. Strict limitations on greenhouse gas (GHG) emissions and rising demand for this product from the automobile industry also contribute to the market's expansion.
The diesel engine exhaust fluid market's annual growth rate is anticipated to slow in 2020 given the existing environment. The need for DEF is anticipated to increase as a result of the automotive sector's recovery, which would in turn fuel the market for diesel engine exhaust fluid. Due to difficulties with the supply chain, the workforce, and government preventive standards, auto sales and manufacture are not anticipated to fully resume even after the lockdown has been totally removed. In this case, the market for diesel exhaust fluid is anticipated to be moderately affected by the COVID-19 outbreak. China, Japan, Germany, and the United Kingdom are all significant vehicle manufacturing nations that have been adversely impacted by the pandemic. The average number of miles travelled and car sales in these nations both fell sharply in 2020.
Passenger vehicles are anticipated to experience the fastest growth among all vehicle types over the projection period. After the EPA's 2010 diesel pollution rules went into effect, the majority of commercial vehicles had SCR technology installed. Additionally, it is anticipated that good increase in passenger vehicle sales will provide a favourable atmosphere for market expansion. Sales of passenger automobiles in Europe increased by 5.9% year over year in November 2017, according to the European Automobile Manufacturers Association. As a result, the market for passenger vehicles offers tremendous potential for expansion of diesel exhaust fluid.
The average age of vehicles is rising, infrastructure is getting better, there are more cars on the road, people drive more miles per year, and people are becoming more concerned about vehicle maintenance, all of which have an impact on the demand for DEF in the aftermarket. Between 2005 and 2019, the average age of a car in North America rose from 10.1 to 11.8 years. This is because to advancements in technology, safer road infrastructure, and safety measures. The number of automobiles on the road is rising as a result of an increase in the average age of vehicles. The implementation of strict emission standards in many nations is another factor that is anticipated to increase demand for SCR internationally. For instance, NOx limitations are drastically reduced under Euro VI rules. Consequently, SCR is being used as an after-treatment method by Tier-1 and OEMs. Together, these elements affect the aftermarket's need for DEF.
In the majority of the regions, diesel vehicle penetration is declining. Vehicle manufacturers moving away from diesel technology in response to stricter NOX emission limits and real-driving emissions testing are two major reasons limiting the demand for diesel vehicles. Recent years have seen a decline in the sales of diesel vehicles due to incidents like the 2015 emissions scandal, which altered consumer preferences following the defeat device scandal and manufacturers like Volvo and Nissan pledged to phase out this fuel type. Diesel vehicles have significant effects on the price of meeting CO2 emission targets and the volume of fleet-wide NOX emissions, which further drives up the cost of the vehicles. As a result, rising diesel vehicle costs are a concern for those looking to purchase a car.
Report Coverage
Global Diesel Exhaust Fluid research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Diesel Exhaust Fluid report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Diesel Exhaust Fluid competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Diesel Exhaust Fluid market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Diesel Exhaust Fluid market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Diesel Exhaust Fluid market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Cummins Filtration, Certified DEF, Blue Sky Diesel Exhaust Fluid., STOCKMEIER Group, KOST USA, Inc., CF Industries Holdings, Inc., Yara International ASA, Dyno Nobel, Old World Industries, LLC, The Potash Corporation of Saskatchewan
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Diesel Exhaust Fluid market based on the below-mentioned segments:
Global Diesel Exhaust Fluid Market, By Component
SCR Catalyst
DEF Tank
Injector
Supply Module
Sensor
Global Diesel Exhaust Fluid market, By Application
Construction
Agriculture
Other
Global Diesel Exhaust Fluid Market, By Supply Mode
Cans
IBC
IBC
Pump
Global Diesel Exhaust Fluid market, Regional Analysis
In order to prevent and lessen harmful nitrogen oxide (NOx) emissions from diesel-powered internal combustion engines, diesel engine exhaust fluid (DEF) is used as an anti-pollution agent. International Organisation for Standardisation (ISO) defines the diesel exhaust fluid as an aqueous urea solution. To reduce harmful pollutants generated from exhausts, diesel-powered automobiles use Selective Catalytic Reduction, or SCR, technology in conjunction with this consumable fluid. While the engine is running, a separate fuel tank that is attached to the exhaust pipe stores the diesel engine exhaust fluid and activates it instantly. In order to reduce the emission of harmful chemicals like NOx, COx, and unburned particles from exhaust of vehicles and other machinery, primarily by NOx emissions act enforced in 2010 by the Environmental Protection Agencies (EPA) present around the world, environmental sustainability is one of the foremost issues entrusted to various automobile manufacturers and fossil fuel energy corporations. One of the key factors driving the expansion of the global diesel engine exhaust treatment fluid market is the rising demand for diesel engine exhaust treatment fluid in end-use sectors including marine, automotive, and aerospace. Strict limitations on greenhouse gas (GHG) emissions and rising demand for this product from the automobile industry also contribute to the market's expansion.
The diesel engine exhaust fluid market's annual growth rate is anticipated to slow in 2020 given the existing environment. The need for DEF is anticipated to increase as a result of the automotive sector's recovery, which would in turn fuel the market for diesel engine exhaust fluid. Due to difficulties with the supply chain, the workforce, and government preventive standards, auto sales and manufacture are not anticipated to fully resume even after the lockdown has been totally removed. In this case, the market for diesel exhaust fluid is anticipated to be moderately affected by the COVID-19 outbreak. China, Japan, Germany, and the United Kingdom are all significant vehicle manufacturing nations that have been adversely impacted by the pandemic. The average number of miles travelled and car sales in these nations both fell sharply in 2020.
Passenger vehicles are anticipated to experience the fastest growth among all vehicle types over the projection period. After the EPA's 2010 diesel pollution rules went into effect, the majority of commercial vehicles had SCR technology installed. Additionally, it is anticipated that good increase in passenger vehicle sales will provide a favourable atmosphere for market expansion. Sales of passenger automobiles in Europe increased by 5.9% year over year in November 2017, according to the European Automobile Manufacturers Association. As a result, the market for passenger vehicles offers tremendous potential for expansion of diesel exhaust fluid.
The average age of vehicles is rising, infrastructure is getting better, there are more cars on the road, people drive more miles per year, and people are becoming more concerned about vehicle maintenance, all of which have an impact on the demand for DEF in the aftermarket. Between 2005 and 2019, the average age of a car in North America rose from 10.1 to 11.8 years. This is because to advancements in technology, safer road infrastructure, and safety measures. The number of automobiles on the road is rising as a result of an increase in the average age of vehicles. The implementation of strict emission standards in many nations is another factor that is anticipated to increase demand for SCR internationally. For instance, NOx limitations are drastically reduced under Euro VI rules. Consequently, SCR is being used as an after-treatment method by Tier-1 and OEMs. Together, these elements affect the aftermarket's need for DEF.
In the majority of the regions, diesel vehicle penetration is declining. Vehicle manufacturers moving away from diesel technology in response to stricter NOX emission limits and real-driving emissions testing are two major reasons limiting the demand for diesel vehicles. Recent years have seen a decline in the sales of diesel vehicles due to incidents like the 2015 emissions scandal, which altered consumer preferences following the defeat device scandal and manufacturers like Volvo and Nissan pledged to phase out this fuel type. Diesel vehicles have significant effects on the price of meeting CO2 emission targets and the volume of fleet-wide NOX emissions, which further drives up the cost of the vehicles. As a result, rising diesel vehicle costs are a concern for those looking to purchase a car.
Report Coverage
Global Diesel Exhaust Fluid research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Diesel Exhaust Fluid report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Diesel Exhaust Fluid competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Diesel Exhaust Fluid market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Cummins Filtration, Certified DEF, Blue Sky Diesel Exhaust Fluid., STOCKMEIER Group, KOST USA, Inc., CF Industries Holdings, Inc., Yara International ASA, Dyno Nobel, Old World Industries, LLC, The Potash Corporation of Saskatchewan |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Diesel Exhaust Fluid Market from 2021 to 2030.
- Market Forecast for Diesel Exhaust Fluid Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Diesel Exhaust Fluid competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Diesel Exhaust Fluid
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Diesel Exhaust Fluid market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Diesel Exhaust Fluid market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Cummins Filtration, Certified DEF, Blue Sky Diesel Exhaust Fluid., STOCKMEIER Group, KOST USA, Inc., CF Industries Holdings, Inc., Yara International ASA, Dyno Nobel, Old World Industries, LLC, The Potash Corporation of Saskatchewan
Primary Target Market
- Market Players of Diesel Exhaust Fluid
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Diesel Exhaust Fluid market based on the below-mentioned segments:
Global Diesel Exhaust Fluid Market, By Component
SCR Catalyst
DEF Tank
Injector
Supply Module
Sensor
Global Diesel Exhaust Fluid market, By Application
Construction
Agriculture
Other
Global Diesel Exhaust Fluid Market, By Supply Mode
Cans
IBC
IBC
Pump
Global Diesel Exhaust Fluid market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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Through INFINITIVE Data Expert is a professional Market Research services, I will identify the diesel exhaust fluid market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.