The global Diesel Exhaust Fluid (DEF) Market, valued at USD 35.06 Bn in 2022, is expected to experience a CAGR of 7.9 Percent from 2023 to 2029, reaching a total revenue of USD 59.71 Bn, according to a new report published by MMR.

Diesel Exhaust Fluid Market Report Scope and Research Methodology:

Diesel exhaust fluid (DEF) is a crucial consumable used in cars equipped with a selective catalytic reduction (SCR) after-treatment system to reduce the concentration of NOx in diesel engine exhaust emissions. The market is witnessing significant growth due to the high demand for both large and light commercial vehicles, as well as the standardization of diesel exhaust fluid and storage tanks.

Leading companies competing in the global automotive Diesel Exhaust Fluid Market (DEF) include Air Liquide (Airgas), Royal Dutch Shell PLC, BASF SE, Yara International, Nissan Chemical Industries, Ltd., CF International Holdings, Inc., Brenntag AG, Graco Inc., Cummins Inc., and China Petrochemical Corporation (Sinopec).

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Diesel Exhaust Fluid Market Dynamics:

The market is expected to be driven by the growing usage of diesel exhaust fluid in commercial vehicles and across various end-use sectors, including automotive, marine, and aerospace. However, factors such as urea price volatility and the rising adoption of electric vehicles may pose challenges to market growth.

One of the significant trends impacting the market is the declining popularity of diesel vehicles. In line with higher pollution standards and the increasing sales of electric vehicles, NITI Aayog aims to achieve substantial EV sales by 2030, further reducing the appeal of diesel automobiles. The decline in gasoline and diesel costs, along with the reduction of diesel-related subsidies by the government, has also contributed to the diminishing attractiveness of diesel vehicles.

The report covers micro-level details and provides insights into the research methodology employed. It presents a comprehensive analysis of the market's dynamics, including the necessity of DEF in BSVI (Bharat Stage VI) compliant vehicles, the impact of exhaust emission standards and norms, and the challenge of price fluctuations in urea.

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Diesel Exhaust Fluid Market Regional Insights:

The North American region dominated the market in 2022, accounting for a 45 percent market share. The region is expected to witness significant growth at a CAGR of 45 percent throughout the forecast period, driven by a large number of automobiles on the road and strict emission regulations.

Other regions, including Europe, Asia Pacific, Latin America, and the Middle East and Africa, are also expected to contribute to market growth.

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Diesel Exhaust Fluid Market Segmentation

By Vehicle Type:

• Passenger Cars
• LCVs
• HCVs

By Supply Mode:

• Cans & Bottles
• IBCs
• Bulk
• Pumps

By Application:

• Construction Equipment
• Agricultural Tractors

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Diesel Exhaust Fluid Market Key Competitors include:

• Yara
• BASF
• CF Industries
• GreenChem
• Mitsui Chemicals
• Kelas
• Borealis L.A.T
• Sichuan Meifeng
• Nissan Chemical
• ENI S.p.A.
• Total
• Cummins
• Shell

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Table of Content for Diesel Exhaust Fluid Market

1. Global Diesel Exhaust Fluid Market: Research Methodology

2. Global Diesel Exhaust Fluid Market: Executive Summary

• Market Overview and Definitions
o Introduction to Global Market
• Summary
o Key Findings
o Recommendations for Investors
o Recommendations for Market Leaders
o Recommendations for New Market Entry

3. Global Diesel Exhaust Fluid Market: Competitive Analysis

• MMR Competition Matrix
o Market Structure by region
o Competitive Benchmarking of Key Players
• Consolidation in the Market
o M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
o North America
o Europe
o Asia Pacific
o Middle East and Africa
o South America
• COVID-19 Impact

4. Global Diesel Exhaust Fluid Market Segmentation

• Global Market, by Vehicle Type (2021-2029)
• Global Market, by Supply Mode (2021-2029)
• Global Market, by Application (2021-2029)

5. Regional Diesel Exhaust Fluid Market (2021-2029)

• Regional Market, by Vehicle Type (2021-2029)
• Regional Market, by Supply Mode (2021-2029)
• Regional Market, by Application (2021-2029)
• Regional Market, by Country (2021-2029)

6. Company Profile: Key players

• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Vehicle Type, Supply Mode and Application
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
 Competitive landscape - Market Leaders, Market Followers, Regional player
 Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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