The new report by Expert Market Research titled, ‘Global Diesel Exhaust Fluid Market Growth, Share, Price, Trends, Report and Forecast 2023-2028’, gives an in-depth analysis of the global diesel exhaust fluid market, assessing the market based on its segments like product component, supply modes, application, vehicle type, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
Forecast Historical Market Size (2020): USD 20.2 billion
Forecast CAGR (2023-2028): 11.8%
Forecast Market Size (2026): USD 39.4 billion
Increasing in the average age of vehicle, improved infrastructure, increase in the number of cars, average miles travelled DEF replacement of cycles and greater concern about vehicle maintenance has led to an increasing demand for for diesel exhaust fluid. Due to factors such as the adoption of stringent emission rules across nations, the market for selective catalytic reduction is likely to grow, hence increasing demand for diesel exhaust fluid.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/diesel-exhaust-fluid-market/requestsample
For example, NOx limits are projected to be significantly reduced under Euro VI regulations. OEMs are increasingly turning to SCR as a post-treatment procedure as a result. Demand for diesel engines has expanded as a result of its benefits, such as enhanced fuel economy, catalysing the market’s expansion.
Industry Definition and Major Segments
Diesel exhaust fluid, sometimes referred to as AUS32 or DEF and marketed under the brand name AdBlue, is an aqueous urea solution composed of 32.5 percent urea and 67.5 percent deionized water. It is a completely harmless fluid that is used to mitigate the pollution produced by diesel vehicles and engines. It is used in conjunction with selective catalytic reduction (SCR) to reduce the concentration of nitrogen oxides (NOx), hence reducing diesel engine emissions.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/diesel-exhaust-fluid-market
By product component, the market is divided into:
SCR Catalyst
DEF Tank
Injector
Supply Module
Sensor
By supply modes, the market is divided into:
Cans and Bottles
Intermediate Bulk Container
Bulk
Pump
By application, the market is divided into:
Construction
Agricultural Retail
By vehicle type, the market is divided into:
Passenger Car
Light Commercial Vehicle
Medium and Heavy Commercial Vehicle
By region, the industry is categorized into:
North America
Europe
The Asia Pacific
Latin America
The Middle East and Africa
Diesel Exhaust Fluid Market Trends
The market for diesel exhaust fluid is expanding as the automobile sector adopts new automotive production, average vehicle miles driven, and vehicle sales. The growing concern for the environment as a result of dangerous nitrogen oxide emissions is propelling the diesel exhaust fluid sector forward. North America led the global diesel exhaust fluid market owing to the presence of big market players.
The market is being driven by the standardising of diesel exhaust fluid tanks in buses built in countries such as the United States, as well as the growing demand for light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). North America has one of the highest proportions of LCVs and HCVs. Furthermore, since 2010, all commercial diesel vehicles in the region have been equipped with selective catalytic reduction (SCR) technology, complying with the emission standards imposed by the EPA Clean Air Act in North America, allowing the market to grow even further.
The region’s high diesel exhaust fluid dosage rate has also fueled market growth. These factors are expected to drive market growth in North America in the coming years as well. The tremendous market potential in unexplored emerging markets is also expected to aid in the growth of the diesel exhaust fluid industry during the forecast period.
Key Market Players
The major players in the market are Yara International ASA, Royal Dutch Shell PLC, BASF SE, The McPherson Companies, Nissan Chemical Industries, Ltd, among Others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:-
Grinding Machines Market: https://www.expertmarketresearch.com/reports/grinding-machines-market
Green Tea Market: https://www.expertmarketresearch.com/reports/green-tea-market
Heat Sinks Market: https://www.expertmarketresearch.com/reports/heat-sinks-market
Email Marketing Software Market: https://www.expertmarketresearch.com/reports/email-marketing-software-market
Hunter Syndrome Treatment Market: https://www.expertmarketresearch.com/reports/hunter-syndrome-treatment-market
About Us:
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Media Contact
Company Name: Claight Corporation
Contact Person: Christopher, Corporate Sales Specialist – U.S.A.
Email: [email protected]
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gloud Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com