Diesel Exhaust Fluid Market Growth Prospects, Trends, Segments, Key Players and Forecast to 2032

Rising demand for Diesel Exhaust Fluid (DEF) in agricultural tractors is the key factor driving market revenue growth

The global Diesel Exhaust Fluid Market size was USD 18.16 Billion in 2022 and is expected to reach a value of USD 32.82 Billion in 2032 and register a revenue CAGR of 6.8% during the forecast period. Increased government regulations aimed at reducing the harmful emissions from diesel vehicles, a rise in demand for commercial vehicles and construction equipment, and rising consumer awareness of the advantages of using diesel exhaust fluid are the main drivers of the market revenue growth.

The growing number of government laws aimed at reducing the hazardous emissions from diesel automobiles is one of the main factors driving the market for diesel exhaust fluid. Nitrogen oxide emissions, which are bad for the environment and people's health, can be decreased by the use of diesel exhaust fluid. Due to the severe restrictions that various nations have put in place requiring the use of diesel exhaust fluid in diesel automobiles, the market income is growing.

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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; 2022-2032)

  • Passenger Cars
  • HCV
  • LCV

Component Outlook (Revenue, USD Billion; 2022-2032)

  • SCR Catalysts
  • DEF Tanks
  • DEF Injectors
  • DEF Supply Modules
  • Others

Application Outlook (Revenue, USD Billion; 2022-2032)

  • Construction Equipment
  • Agricultural Tractors
  • Others

Supply Mode Outlook (Revenue, USD Billion; 2022-2032)

  • Cans & Bottles
  • IBCs
  • Bulk
  • Pumps

End-Use Outlook (Revenue, USD Billion; 2022-2032)

  • OEM
  • Aftermarket

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