Diesel Exhaust Fluid Market 2020 | Organization Profiles with Product Details and Competitors and Forecast 2028 | BASF, CF Industries Holdings, Dyno Nobel

According to QMI, due to the increasing demand for commercial and heavy vehicles in recent years, the Diesel Exhaust Fluid Market is expected to promise high growth. Rising demand from major applications including heavy-duty vehicles, commercial vehicles, passenger vehicles, light-duty vehicles is expected to drive market growth.

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Diesel exhaust fluid is a colorless, odorless and non-flammable mixture of various fluids such as carbamide 32.5 percent and deionized water 67.5 percent. It lowers the concentration of nitroxide oxide that comes from the engine within the diesel exhaust. The DEF fluid vaporizes into ammonia and carbon dioxide inside the exhaust pipes of the diesel vehicles. It reacts with oxygen and harmful nitrogen oxides inside the vehicle's selective catalytic reduction catalyst (SCR). The fluid is stored in a specially made tank in a vehicle that is made by polyethylene plastic and stainless steel to maintain its quality.

In today's world of rapid industrialization and increasing infrastructure, there is a significant growth in the heavy-duty vehicle which is run by diesel. The majority of the commercial vehicles and heavy-duty vehicles are now manufactured with the selective catalytic reduction catalyst (SCR) due to the implementation of EPA's 2010 diesel emission standards. Also, there are strict regulations to avoid emissions in regions like North America and Europe. All such factors have considerably increased the demand for DEF.

Some of the key Impact Factors:

o Rapid industrialization and increasing infrastructure to boost the DEF market
o An increasing need for commercial and heavy vehicles

Regional distribution and potential areas for growth-

Based on the region, the diesel exhaust fluid market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe are some of the major markets and traditional suppliers of chemicals like specialty chemicals, bulk chemicals, etc.

Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing the number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regard to environmental concerns and potential health hazards due to exposures. This has been instrumental in the Western Europe region.

The Asia Pacific and the Middle East are expected to show substantial growth in the diesel exhaust fluid market. This demand is because of the growth of major applications such as heavy-duty vehicles, commercial vehicles, passenger vehicles, light-duty vehicles. Important countries in the Asia Pacific region are China, South Korea, Japan, India, and Australia. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for diesel exhaust fluid market. There have been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for diesel exhaust fluid market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

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Companies Covered: BASF, CF Industries Holdings, Dyno Nobel, Potash Corp, Agrium, Airgas

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This release was published on openPR.