Pune, April 25, 2023 (GLOBE NEWSWIRE) — According to the SNS Insider report, the Diesel exhaust fluid market was valued at USD 32.65 billion in 2022 and is expected to grow at a CAGR of 8.1% during the forecast period 2023-2030, reaching a market size of USD 60.89 billion by 2030.
Scope of the market report
Diesel exhaust fluid, commonly known as DEF, is a clear, non-toxic, non-flammable liquid used in diesel engines to reduce harmful emissions. It is a mixture of purified water and urea, a chemical compound that is synthesized from ammonia and carbon dioxide. The use of DEF in diesel engines has become increasingly important due to the stricter emission regulations that have been implemented in many countries around the world. DEF not only helps reduce harmful emissions, but also improves fuel efficiency and engine performance.
Market analysis
The global diesel exhaust fluid market is driven by several factors, with population growth and increased personal consumption being two key factors. As the world’s population continues to grow, the need for transportation and logistics services is expected to increase, leading to an increase in demand for diesel engines. In addition, growing disposable income of consumers in emerging economies is likely to drive demand for diesel-powered vehicles. The market is poised to grow as the world population is expected to reach new heights in the coming years. This growth will lead to an increase in demand for transport and logistics services which, in turn, will drive demand for diesel engines.
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Impact of the recession
The impact of a recession on the diesel exhaust fluid market is complex and depends on a number of factors, including changes in consumer behavior, industry demand and competition between suppliers. While a recession could lead to increased demand for fuel-efficient vehicles and increased price competition among suppliers, it could also lead to decreased demand for diesel-powered vehicles and equipment and lower profitability for DEF suppliers.
Key regional development
The global diesel exhaust fluid market is expected to witness significant growth in the coming years owing to various factors, including the presence of a large number of diesel engine vehicles and stringent emission regulations. Among the various regions, North America is expected to dominate the market due to its large number of diesel engine vehicles and stringent emission norms. With the growing need to reduce emissions and promote sustainable practices, Adblue adoption is expected to increase in North America.
Key to take away from Diesel exhaust fluid market To study
- The market is expected to witness a significant increase in demand in the coming years, with the passenger car segment expected to lead the growth. Diesel Exhaust Fluid (DEF) is an essential component used in Selective Catalytic Reduction (SCR) technology that helps reduce harmful emissions from diesel engines.
- The SCR catalyst segment is expected to dominate the market due to the increasing adoption of SCR technology in various industries such as automotive, marine, and industrial. The growing awareness of environmental pollution and the need to comply
Recent developments related to Diesel exhaust fluid market
- India Pistons Limited, a leading engine component manufacturer, has announced a strategic partnership with Shaw Development, LLC, a US-based company specializing in the design and manufacturing of Diesel Exhaust Fluid (DEF) solutions. The partnership aims to establish a joint venture that will focus on the production of DEF solutions for the Indian market.
- RelaDyne, a leading supplier of lubricants, fuel and reliability services, has announced the acquisition of Orange Line Oil Company, Inc., a well-established distributor of automotive, commercial and industrial lubricants in Southern California. The acquisition is part of RelaDyne’s strategic expansion plan to strengthen its presence in key geographic regions and increase its product portfolio.
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Scope of the Diesel Exhaust Fluid Market Report:
| Report attributes | Details |
| Market size in 2022 | 32.65 billion dollars |
| Market size by 2030 | 60.89 billion dollars |
| CAGR | CAGR of 8.1% from 2023 to 2030 |
| base year | 2022 |
| Forecast period | 2023-2030 |
| Historical data | 2020-2021 |
| Key segments | • By type of vehicle (Passenger vehicles, LCV, HCV) • By component (SCR catalysts, DEF tanks, DEF injectors, DEF supply modules, DEF sensors, NOx sensors) • By application (agricultural tractors, construction equipment) • By supply mode (cans and bottles, IBC, bulk, pumps), end-use market (OE, aftermarket) |
| Regional analysis | North America (USA, Canada, Mexico), Europe (Germany, United Kingdom, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East and Africa (Israel, United Arab Emirates, South Africa, Rest of the Middle East and Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company profiles | Old World Industries, LLC, Yara International ASA, Blue Sky Diesel Exhaust Fluid., Cummins Filtration, KOST USA, Inc., STOCKMEIER Group, The Potash Corporation of Saskatchewan, Certified DEF, CF Industries Holdings, Inc., Dyno Nobel and other players . |
| Market drivers | • Increase in the average age of vehicles. • Improvement of infrastructures. |
Table of contents
1. Introduction
2. Research methodology
3. Market dynamics
4. Impact analysis
5. Analysis of the Value Chain
6. Porter’s 5 forces model
7. Analysis of PESTS
8. Diesel Exhaust Fluid Market Segment by Vehicle Type
9. Diesel Exhaust Fluid Market Segment, by Components
10. Diesel Exhaust Fluid Market Segment by Application
11. Diesel Exhaust Fluid Market Segment, by Supply Mode
12. Diesel Exhaust Fluid Market Segment by End Use Market
13. Regional Analysis
14. Company profile
15. Competitive landscape
16. Conclusion
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