Diesel Exhaust Fluid (DEF) Market with Focus on Emerging Technologies, Top Countries Data Analyses, Business profile, Growth Perception, Key Opportunities and Forecast 2030

Report Overview:
Diesel Exhaust Fluid (DEF) is a fluid that is used in diesel engines to reduce the emissions of nitrogen oxides (NOx) produced during combustion. It is a mixture of purified water and urea, a compound made up of nitrogen and carbon that is produced naturally in the human body and in animals.

DEF is stored in a separate tank on diesel vehicles and is injected into the exhaust system where it reacts with the NOx emissions, converting them into harmless nitrogen and water vapor. This process is called Selective Catalytic Reduction (SCR).

The global diesel exhaust fluid market was valued at USD 35.3 Bn in 2021. The market is projected to grow USD 53.5 Bn in 2030, at a CAGR of 6.5%.

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Attractive Opportunities In the Diesel Exhaust Fluid Market:

-Increasing demand for diesel engines: Diesel engines are widely used in heavy-duty vehicles, construction equipment, and power generators, among others. As the global population and economy continue to grow, the demand for diesel engines is also increasing, which is driving the demand for DEF.

-Stricter emissions regulations: Governments worldwide are imposing stricter emissions standards for diesel engines to reduce air pollution and improve public health. For example, the Euro 6 standards in Europe and the Tier 4 Final standards in the US require diesel engines to reduce NOx emissions by up to 98%, which can only be achieved with the use of DEF.

Diesel Exhaust Fluid Market - Competitive Analysis:

Who are the Leading Key Players Operating In this Market?
Prominent Companies to Establish Various Corporate Strategies to Aid in Global Expansion. These players are focusing on strategic collaborations and partnerships to expand their market presence and strengthen their product portfolio.

The Major Key Players Included in the Report:
• TotalEnergies
• Shell PLC
• BASF SE
• Brenntag AG
• China Petrochemical Corporation
• CF Industries Holdings, Inc
• Cummins Filtration
• Dyno Nobel
• KOST USA, Inc.
• STOCKMEIER Group
• Old World Industries, LLC
• The Potash Corporation of Saskatchewan
• Yara International ASA
• Blue Sky Diesel Exhaust Fluid

Diesel Exhaust Fluid (DEF) is a solution used in modern diesel engines to reduce emissions of harmful pollutants. DEF is a clear, non-toxic, and safe-to-handle liquid that is composed of 32.5% urea and 67.5% deionized water. It is sprayed into the exhaust stream of diesel engines through a Selective Catalytic Reduction (SCR) system, where it reacts with nitrogen oxides (NOx) to convert them into harmless nitrogen and water vapor.

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Segmentation:
The report focuses on studying the Diesel Exhaust Fluid market on the basis of segments by manufacturers, by type, by application, by region and country. It also offers information about market size (value, volume, sales and revenue) and CAGR for the historical period (2017-2020) and forecast period (2022-2028), considering 2021 as the base year.

By Technology
Selective Catalytic Reduction (SCR)
-DEF Tank
-Injector
-Sensor
-Others

By Vehicle Type
-Passenger Car
-Commercial Vehicles
-Off-road Vehicles

By Supply Mode
-Cans & Bottles
-IBC
-Bulk & Pumps

By End-Use
-OEM
-Aftermarket

It is important to note that DEF is not a fuel additive and should never be mixed with diesel fuel. It is also important to use DEF that meets the required industry standards, as using substandard or contaminated DEF can cause damage to the engine and exhaust system.

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KEY INDUSTRY DEVELOPMENTS:
January 2022- TotalEnergies has announced to expand in Mozambique with the acquisition of BP's retail network, wholesale fuel business and logistics assets. The transaction covers a network of 26 service stations, a portfolio of business customers and 50% in SAMCOL, the logistics company previously jointly owned by TotalEnergies and BP, which operates the Matola, Beira and Nacala fuel import terminals.

August 2021-BASF and SINOPEC will further expand their Verbund site operated by BASF-YPC Co., Ltd., a 50-50 joint venture of both companies in Nanjing, China which includes the capacity expansion of several downstream chemical plants that will help SINOPEC to increase distribution of DEF products.

Which region is dominating the Diesel Exhaust Fluid market growth?

North America region is expected to dominate the market share of global diesel exhaust fluid market owing to the improvement in the business climate brought about by the economic situation has increased demand for machinery and cars with diesel engines.

Why Purchase the Report?
-The report includes information such as market dynamics scenario, opportunities and challenges during the forecast period
-Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
-Regional, sub-regional, and country-level data include the demand and supply forces along with their influence on the market.
-The competitive landscape comprises a share of key players, offering products, relevant financial information, recent developments, SWOT analysis, and strategies.
-Understand the current market scenario and viability of the global market over the forecast period.

Overall, Diesel Exhaust Fluid is a versatile material that offers many benefits, including lightweight properties, excellent mechanical properties, and good insulation and sound absorption properties. It is widely used in many different industries and is expected to see continued growth in the coming years.

Some of the key questions answered in this report:
-What are sales, revenue, and price analysis of top manufacturers of the market?
-What would be the upcoming Diesel Exhaust Fluid market behavior forecast with trends, challenges, and drivers for development?
-Which product and application will take a share of the Diesel Exhaust Fluid market?
-What will happen in the coming existing and emerging markets?
-What will be the CAGR and size of the Diesel Exhaust Fluid market throughout the forecast period?

Detailed TOC of Diesel Exhaust Fluid Market: https://www.extrapolate.com/toc/Chemicals-and-Advanced-Materials/diesel-exhaust-fluid-market/25957

TABLE OF CONTENTS:
Chapter 1: Diesel Exhaust Fluid Market Overview
Chapter 2: Market Competition by Manufacturers
Chapter 3: Production Capacity by Region
Chapter 4: Diesel Exhaust Fluid Consumption by Region
Chapter 5: Segment by Type
Chapter 6: Segment by Application
Chapter 7: Key Companies Profiled
Chapter 8: Diesel Exhaust Fluid Manufacturing Cost Analysis
Chapter 9: Marketing Channel, Distributors and Customers
Chapter 10: Market Dyanamics
Chapter 11: Production and Supply Forecast
Chapter 12: Consumption and Demand Forecast
Chapter 13: Forecast by Type and by Application (2023-2028)
Chapter 14: Research Finding and Conclusion
Chapter 15: Methodology and Data Source

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This release was published on openPR.