Diesel Exhaust Fluid Market worth $50.0 billion by 2027 - Exclusive Report by MarketsandMarkets™

CHICAGO, May 20, 2022 /PRNewswire/ -- According to the new market research report "Diesel Exhaust Fluid Market by Component (SCR Catalysts, DEF Tanks, Injectors, Supply Modules, Sensors), OHV Market by Application, Aftermarket by Vehicle Type, Supply Mode (Cans, IBCs, Bulk & Pumps), End Use Market and Region - Global Forecast to 2027", published by MarketsandMarkets™, the Global Diesel Exhaust Fluid Market is projected to reach USD 50.0 billion by 2027 from USD 34.4 billion in 2022, at a CAGR of 7.8%.

Stringent emission regulations leading to increased penetration of diesel SCR vehicles has fueled the growth of the market for diesel exhaust fluid. The increasing number of DEF pumps and increasing average age of vehicles and miles driven are leading to the growth of the diesel exhaust fluid aftermarket. 

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=155714937

Bulk segment by supply mode is expected to have the largest market share in 2022

 The bulk segment is estimated to lead the diesel exhaust fluid aftermarket, in terms of volume. This segment is projected to grow from 3,387.2 million gallons in 2022 to 4,665.0 million gallons by 2027, at a CAGR of 6.6% during the forecast period. Fleet owners frequently procure their requirement of DEF through Bulk orders. There has been an increase in the number of DEF dispensing units being installed at fuel stations around the word, yet the Bulk supply mode will hold the largest market share as it is the preferred mode with large fleet owners due to its lower price. North America is estimated to account for the largest share of 43.6% of the diesel exhaust fluid aftermarket for bulk in 2022. Continuously growing sales of diesel vehicles and SCR installation rate have driven the demand for diesel exhaust fluid in North America and have impacted the growth of the diesel exhaust fluid aftermarket in the region.

The construction equipment segment by off-highway vehicle application is expected to hold the largest market share in 2022

 The construction equipment's sector is expected to grow from USD 25.4 million in 2022 to USD 34.2 million in 2027 at a CAGR of 6.13% during the forecast period. The >400 HP construction equipment segment is expected to witness the highest growth rate as the demand for such equipment is high in the North American and Asia Oceania regions. The 201-400 HP segment will remain the largest segment as this segment finds wider application in the construction industry. In terms of volume, the agricultural tractors diesel exhaust fluid OE market in Asia Oceania is estimated to grow from 1,607.4 thousand gallons in 2022 to 2,040.0 thousand gallons by 2027, at the highest CAGR of 4.9% during the forecast period.

 Request FREE Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=155714937             

 North American region is expected to be the largest marker for DEF by value followed by Asia Oceania region

 The North American diesel exhaust fluid aftermarket is estimated to grow from USD 15,006.6 million in 2022 to USD 22,067.4 million by 2027, at a CAGR of 8.0% during the forecast period. The diesel exhaust fluid aftermarket in Asia Oceania is projected to grow from USD 11,840.4 million in 2022 to USD 17,240.8 million by 2027, at a CAGR of 7.8% during the forecast period. Countries in Asia such as India, Japan and South Korea has started to implement stricter emission standards which will increase the penetration of Selective Catalytic Reactor (SCR) application and hence drive the DEF demand.

China, since 2017 has started to follow the China 5 emission standard for the country's vehicular registrations with plans for a new China 6 standards to be introduced in 2021 to combat air pollution. The country has very high demand for all segments of diesel vehicles that in turn creates high demand for DEF products thus creating large demand for it in the aftermarket.

India introduced the Bharat Stage 6 (BS4) emission standards that were implemented from April 2019. These new standards are much stringent and bigger in scope. These regulations are likely to cause OEMs in the automotive industry to provide DEF in their products. As the penetration rate of SCR increases in the India automotive sector so will the demand for DEF.

 TotalEnergies (France), Shell PLC (The Netherlands), BASF SE (Germany), Brenntag AG (Germany) and China Petrochemical Corporation (Sinopec) (China) are the major companies operating in the global Diesel Exhaust Fluid Market. These companies adopted expansion strategies and used mergers & acquisitions to gain traction in the Diesel Exhaust Fluid Market.

Browse Related Reports:

Exhaust System Market by After-Treatment Device (DOC, DPF, LNT, SCR, GPF), Vehicle Type (PC, LCV, Trucks, Buses, Ag Tractor, Construction & Mining Equipment), Aftermarket, Component, Sensor, Application, Sales Channel and Region - Global Forecast to 2026

Automotive Fuel Tank Market by Capacity (<45L, 45L-70L, >70L), Material (Aluminum, Plastic, Steel), CNG Tank Type (1, 2, 3 & 4), Propulsion (Hybrid, Hydrogen, ICE, NGV), 2-Wheeler (Motorcycle, Moped), SCR Technology and Region - Global Forecast to 2026

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/diesel-exhaust-fluid-market.asp
Visit Our Web Site: https://www.marketsandmarkets.com 
Content Source: https://www.marketsandmarkets.com/PressReleases/diesel-exhaust-fluid.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg