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Diesel Exhaust Fluid Market size worth USD 60.47 Billion, Globally, by 2030 at 13.5% CAGR: Verified Market Research®

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Verified Market Research

14 Sep, 2023, 14:15 GMT

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The "Global Diesel Exhaust Fluid Market Size By Component, By Supply Modes, By Vehicle Type, By End Market, By Geographic Scope And Forecast" report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Diesel Exhaust Fluid Market, including its growth prospects, market trends, and market challenges

JERSEY CITY, N.J., Sept. 14, 2023 /PRNewswire/ -- The Global Diesel Exhaust Fluid Market is projected to grow at a CAGR of 13.5% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 19.50 Billion in 2021 and is expected to reach USD 60.47 Billion by the end of the forecast period.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=32935

Browse in-depth TOC on "Diesel Exhaust Fluid Market"

202 - Pages
126 – Tables
37 – Figures

Global Diesel Exhaust Fluid (DEF) Market: Market Drivers, Outlook, and Key Players

The global Diesel Exhaust Fluid (DEF) Market is poised for significant growth in the coming years, driven by a combination of market drivers and evolving industry dynamics. Diesel Exhaust Fluid, commonly known as AdBlue, is a critical solution in the reduction of nitrous oxide (NOx) emissions from diesel engines. It is composed of 67.5% deionized water and 32.5% urea and is colorless, odorless, and non-flammable. DEF vaporizes within the exhaust pipe, breaking down into ammonia and carbon dioxide, which then react with harmful nitrogen oxides within the selective catalytic reduction (SCR) catalyst of vehicles.

Diesel Exhaust Fluid (DEF) Market Drivers:

  • Stringent Emission Regulations: One of the primary drivers of the global Diesel Exhaust Fluid (DEF) Market is the implementation of strict laws governing greenhouse gas (GHG) emissions. Governments worldwide are focusing on reducing harmful emissions from vehicles, leading to an increased demand for DEF, especially in the automotive sector.
  • Growing Demand in End-Use Sectors: The demand for Diesel Exhaust Fluid (DEF) Market is rapidly rising in various end-use sectors, including automotive, marine, and aerospace. As industries seek eco-friendly solutions to meet emission standards, DEF usage is on the upswing, further propelling market growth.
  • Expansion of Heavy-Duty Vehicle Segment: The need for heavy-duty vehicles, such as trucks and trailers, is increasing due to rapid industrialization and infrastructure development in remote areas. This surge in heavy-duty vehicle demand is expected to have a positive impact on DEF sales.

Diesel Exhaust Fluid (DEF) Market Outlook:

Despite these drivers, several challenges may temper the market's growth. Fluctuating raw material costs, particularly urea, and the rising popularity of electric vehicles pose potential hurdles. Adulteration also threatens DEF quality and market integrity. Nonetheless, the market remains promising with opportunities emerging from ongoing technological advancements, increased Diesel Exhaust Fluid (DEF) Market demand in construction equipment, and untapped potential in emerging economies.

Diesel Exhaust Fluid (DEF) Market Key Players:

Several key players in the global Diesel Exhaust Fluid market are contributing to its growth and competitiveness. These companies are at the forefront of innovation and production in the DEF industry. Prominent players include:

  • TotalEnergies
  • Shell PLC
  • BASF SE
  • CF Industries Holdings
  • Cummins Filtration
  • Nissan Chemical Industries
  • The McPherson Companies

Diesel Exhaust Fluid (DEF) Market Regional Growth:

The North American market is set to experience substantial growth due to ongoing projects, increased demand for commercial vehicles, and the standardization of DEF tanks in buses manufactured in countries such as the United States.

The global Diesel Exhaust Fluid (DEF) Market is evolving rapidly, driven by environmental concerns, regulatory pressures, and industry innovation. As key players continue to invest in research and development, and new opportunities emerge, the market's future looks promising.

To get market data, market insights, financial statements and a comprehensive analysis of the Global Diesel Exhaust Fluid (DEF) Market, please Contact Verified Market Research®.

Based on the research, Verified Market Research® has segmented the global Diesel Exhaust Fluid (DEF) Market into Component, Supply Modes, Vehicle Type, End Market, And Geography.

  • Diesel Exhaust Fluid (DEF) Market, by Component
    • SCR Catalyst
    • DEF Tank
    • DEF Injector
    • DEF Supply Module
    • DEF Sensor
    • NOx Sensor
  • Diesel Exhaust Fluid (DEF) Market, by Supply Modes
    • Cans & Bottles
    • Intermediate Bulk Containers (IBC)
    • Bulk
    • Pumps
  • Diesel Exhaust Fluid (DEF) Market, by Vehicle Type
    • Passenger Cars
    • Light Commercial Vehicle LCVs
    • Heavy Commercial Vehicle HCVs
  • Diesel Exhaust Fluid (DEF) Market, by End Market
    • OEM
    • Aftermarket
  • Diesel Exhaust Fluid (DEF) Market, by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

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Leading Diesel Exhaust Fluid Manufacturers maximizing efficiency of vehicles by doubling input rate

Visualize Diesel Exhaust Fluid (DEF) Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

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Verified Market Research®
US: +1 (650)-781-4080
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Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
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