Global Diesel Exhaust Fluid Market is expected to grow at a robust CAGR
Global Diesel Exhaust Fluid Market is expected to grow
owing to growth of the commercial vehicle industry and increasing use of diesel
engines in the transportation industry throughout the forecast period.
According to TechSci Research report, “Diesel Exhaust Fluid Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”, the
Global Diesel Exhaust Fluid Market is expected to register robust growth during the
forecast period. The demand for the DEF aftermarket is influenced by
several factors, including the growing average age of vehicles, infrastructure
development, the rising number of vehicles on the road, average mileage, DEF
replacement cycle, and the increasing focus on vehicle maintenance.
One of the key opportunities in the DEF market lies in
the ongoing tightening of emission control regulations worldwide. Governments
and regulatory bodies across different regions are increasingly enforcing
stringent emission standards to combat air pollution and address climate
change. The utilization of DEF and Selective Catalytic Reduction (SCR)
technology becomes imperative for diesel engines to comply with these
regulations. With more countries adopting or strengthening their emission
standards, the demand for DEF is projected to increase, presenting
manufacturers, distributors, and suppliers with opportunities to expand their
market presence.
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and an in-depth TOC on the " Diesel Exhaust Fluid Market."
Based on supply mode, the
IBC segment is expected to dominate the market during the forecast period. Industries
that utilize diesel-powered machinery often have a significant demand for
Diesel Exhaust Fluid (DEF), necessitating the use of Intermediate Bulk
Containers (IBCs). IBCs provide a convenient solution for storing and
transporting large quantities of DEF, making them the preferred choice for
businesses with substantial DEF requirements. Designed to facilitate efficient
handling and precise dispensing, IBCs are equipped with integrated pumps,
hoses, and dispensing nozzles. The adoption of DEF is driven by emission
regulations, which often mandate the use of bulk DEF in industrial
applications. The IBC segment effectively enables businesses to comply with
these regulations. Furthermore, sustainability is increasingly becoming a focal
point for companies and industries. IBC manufacturers can align with
sustainability goals by exploring eco-friendly materials and manufacturing
processes. Differentiation can be achieved by offering comprehensive service
and support packages, encompassing training, maintenance, and DEF quality
assurance services. In conclusion, the IBC segment plays a crucial role in
meeting the storage and distribution needs of bulk DEF in industries subject to
emission regulations within the global Diesel Exhaust Fluid market.
Based on vehicle type, the Medium & Heavy Commercial
Vehicle segment is projected to dominate the market throughout the forecast
period. The Medium & Heavy Commercial Vehicle segment encompasses trucks,
buses, and other large commercial vehicles that are powered by diesel engines.
These vehicles are subject to emission regulations and utilize DEF to adhere to
these standards. Emission regulations, such as the Euro VI standards in Europe
and the Environmental Protection Agency's (EPA) Tier 4 Final standards in the
United States, have stimulated the adoption of DEF in medium and heavy
commercial vehicles. Compliance with these regulations necessitates the
utilization of DEF and Selective Catalytic Reduction (SCR) technology. The
demand for transportation of goods and passengers remains consistently robust
worldwide, driving the requirement for medium and heavy commercial vehicles. As
these vehicles are obligated to meet emissions standards, the demand for DEF in
this segment is closely correlated with the growth of the transportation
industry. Stringent emission regulations worldwide are the primary catalyst for
DEF usage in medium and heavy commercial vehicles. Compliance with these
regulations is imperative to avoid fines and penalties and to maintain
operational legality. DEF, when used in conjunction with SCR systems, can
enhance the fuel efficiency of diesel engines in medium and heavy commercial
vehicles. Reduced fuel consumption presents an appealing prospect for operators
seeking to lower operational expenses. The increasing emphasis on emissions
reduction and adherence to stricter standards will continue to propel the
growth of DEF usage in medium and heavy commercial vehicles. Innovations in SCR
technology and DEF dosing systems offer opportunities for further enhancements
in performance, fuel efficiency, and cost-effectiveness.
Key market players in the Global Diesel Exhaust Fluid
Market are:-
- Yara International ASA
- Royal Dutch Shell PLC
- Blue Sky Diesel Exhaust Fluid.
- Certified DEF
- CF Industries Holdings, Inc.
- The Potash Corporation of Saskatchewan
- Cummins Filtration
- STOCKMEIER Group
- KOST USA, Inc.
- Old World Industries, LLC
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“The Diesel Exhaust Fluid Market in North America is
poised to be the dominant force in the industry. There is a significant
opportunity for DEF manufacturers in North America to adopt sustainable
sourcing and production practices. The utilization of eco-friendly DEF
production methods and renewable energy can effectively appeal to
environmentally conscious customers and organizations.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Diesel Exhaust Fluid Market – Global Industry Size,
Share, Trends, Opportunity, and Forecast
Segmented By Component (SCR
Catalyst, DEF Tank, Injector, Supply Module and Sensor), By Application
(Construction, Agriculture and Others), By Supply Mode (Cans, IBC and Pump), By
Vehicle Type (Passenger Car, Light Commercial Vehicle and Medium & Heavy
Commercial Vehicle), By Region, By Competition Forecast & Opportunities,
2018-2028,” has evaluated the future growth potential of Global Diesel
Exhaust Fluid Market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Diesel
Exhaust Fluid Market.
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