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Diesel Exhaust Fluid Market Overview
“The global Diesel Exhaust Fluid market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Diesel exhaust fluid is also known as AdBlue, which is an odorless, colorless, and non-flammable mixture of deionized water and urea which is of 67.5% and 32.5%, respectively. It is a fluid that is used as consumable in selective catalytic reduction (SCR) for the treatment of harmful gas emissions from diesel engines.
Global Diesel Exhaust Fluid Market: Dynamics
Stringent nitrogen oxides (NOx) emission regulations and advancement in SCR technology including the implementation of the catalytic converter are some major factors expected to boost demand for diesel exhaust fluid and drives the growth of the global market over the forecast period.
Moreover, the adoption of hybrid selective non-catalytic reduction (SNCR) and SCR technologies to reduce nitrogen oxide emissions coming out of vehicles is positively influencing demand for the target product.
The latest trend observed in the target market is to reduce the emission of harmful chemicals such as Cox, NOx, unburnt particles, and other machinery, various government and authority bodies are focusing to enforce laws and regulations to control the flow of such harmful chemicals.
In 2010, Environmental Protection Agencies (EPA) implements the NOx emissions act across the globe.
However, changing preferences regarding non-fossil fuel engines such as hybrid vehicles and electric cars are projected to hinder the growth of the market.
Global Diesel Exhaust Fluid Market: Segment Analysis
Among the storage solution segments, the bulk storage tanks are expected to hold a significant share in the market over the forecast period.
Among the vehicle type segments, the passenger vehicles segment is projected to grow at a faster pace. According to a document published by European Automobile Manufacturer’s Association in 2017, sales of passenger cars in Europe grew by 5.9% as compared to 2016.
Among the end markets, the OEM segment is expected to lead the global diesel exhaust fluid market and is expected to register a significant share over the forecast period.
Global Diesel Exhaust Fluid Market: Regional Analysis
Geographically, Europe is expected to dominate the global market, owing to strict environmental norms and government mandates to use diesel exhaust fluid in diesel-powered vehicles in many European countries.
The Asia Pacific is estimated to be the accounted for a major revenue share in the global market followed by markets in North America. Stringent emission rules and regulations including BS 4 and China 5, which are implemented in India and China respectively, are expected to increase the penetration of SCR in vehicles.
Moreover, rapid urbanization, increasing disposable income, changing consumer lifestyles, and expanding economies are anticipated to fuel the market in countries in the region.
North America accounts for a substantial share of the target market in terms of revenue and is expected to maintain its growth rate over the forecast period. The US Environment Protection Agency (EPA) has set criteria for the minimal fluid interval of 4,000 miles in order to reduce nitrogen oxide emission.
Global Diesel Exhaust Fluid Market Segmentation:
Segmentation by Storage Solution:
- Bulk Storage Tanks
- Portable Containers
- Others (Drums and Bottles)
Segmentation by Vehicle Type:
- Passenger Vehicles
- Commercial Vehicles
Segmentation by End markets:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Yara International
- BASF SE
- CF Industries Holdings Inc.
- Agrium Inc.
- Cummins Inc.
- Shell ROTELLA (Royal Dutch Shell Inc.)
- Mitsui Chemicals Inc.
- KOST USA
- Blue Sky Diesel Exhaust Fluid (DEF)
- Brenntag AG
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