Diesel Exhaust Fluid Market Size Will Attain USD 59.13 billion by 2029 | Increasing production of vehicles boosts the market

Exactitude Consultancy Market Research analyses that the Diesel Exhaust Fluid Market will witness a CAGR of 8% for the forecast period of 2023-2029 and is likely USD 34.5 billion in 2022 to reach at USD 59.13 billion by 2029.

Research report on the Diesel Exhaust Fluid market allows buyers to deliver unique solutions to various end users and improve their business presence in the industry. The report is introduced with accurate statistics regarding market share, size, and growth rate for the buyers to focus on their operations and achieve various goals smoothly. Numerous driving factors, restraints, opportunities, and threats affecting the Diesel Exhaust Fluid market growth is described in the study for the strategy planners to plan policies pertaining to production volume, delivery of services, making connections, and creating awareness in the minds of consumers.

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Market Dynamics

✦ Key Drivers-

Increasing production of vehicles drives market growth during the forecast period. The automotive industry is the primary consumer of diesel, and the market is segmented based on the various vehicles that use Diesel Exhaust Fluid (DEF). The market is experiencing rapid growth due to factors like urbanization, modernization, population growth, and increasing disposable income. Furthermore, developing countries in the Asia-Pacific (APAC) region, particularly China and India, are major producers of automobiles, resulting in high demand for automotive products. Additionally, the economic recovery in the United States and Europe is expected to drive increased demand for automotive products, leading to a higher demand for DEF. Hence, these factors are expected to drive market growth during the forecast period.

✦ Significant Challenge -

A decrease in the demand for diesel engine vehicles is a significant challenge impeding the market. Although diesel engines offer several advantages over gasoline and gas engines, the market for diesel-powered vehicles is projected to decline in the coming decades. The main factor contributing to this decline is the growing environmental pollution caused by harmful exhaust gas emissions from vehicles, particularly those equipped with diesel engines. This environmental concern has led to the implementation of stringent regulations and the imposition of bans on diesel vehicles in countries such as India, China, Germany, the UK, and France. Hence, the decrease in the demand for diesel-engine vehicles will hamper the growth of the market during the forecast period.

Prominent Key players of the Diesel Exhaust Fluid Market survey report:

Historical data available in the report elaborates on the development of the Diesel Exhaust Fluid on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market are - BASF SE, Castrol Limited, Yara International ASA, Exxon Mobil Corporation, Shell Plc, China Petrochemical Corporation, TotalEnergies S.E., Mitsui Chemicals, Inc., Valvoline Cummins Private Limited, CF Industries Holdings, Inc., ZF Friedrichshafen AG.

Recent Developments

TotalEnergies is set to expand in Mozambique by acquiring BP's retail network, wholesale fuel business, and logistics assets, including a portfolio of business customers, 26 service stations, and 50% ownership in SAMCOL, a logistics company that operates fuel import terminals in Matola, Beira, and Nacala. This acquisition is expected to boost the sales of DEF products for TotalEnergies.

Meanwhile, in Nanjing, China, BASF and SINOPEC will expand their Verbund site by increasing the capacity of several downstream chemical plants, including a new plant for tert-butyl acrylate. This expansion will enable SINOPEC to enhance its DEF product distribution to meet the growing demand in the Chinese market.

In September 2019, Saudi Aramco acquired Shell's 50% share of the SASREF Joint Venture in Jubail Industrial City, Saudi Arabia, for USD 631 million.

Diesel Exhaust Fluid Market Segmentation:

Diesel Exhaust Fluid Market By Vehicle Type, 2023-2029, (USD Billion) (Gallons)

» Passenger Cars

»Light Commercial Vehicle

» Heavy Commercial Vehicle

Diesel Exhaust Fluid Market By Component, 2023-2029, (USD Billion) (Gallons)

» SCR Catalyst

» DEF Tank

» DEF Injector

» DEF Supply Module

» Nox Sensors

Diesel Exhaust Fluid Market By Supply Mode, 2023-2029, (USD Billion) (Gallons)

» Cans

» Intermediate Bulk Containers (IBC)

» Bulks

» Pumps

Diesel Exhaust Fluid Market By Application, 2023-2029, (USD Billion) (Gallons)

» Construction

» Agriculture

» Others

The regional outlook by revenue covers the countries namely:

✦ North America (United States, Canada and Mexico)

✦ Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

✦ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

✦ South America (Brazil, Argentina, Colombia, and Rest of South America)

✦ Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Key Features of the Diesel Exhaust Fluid Market Report: -

⇨  Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.

⇨  Examine the market opportunities for stakeholders by identifying higher growth sections.

⇨  To study and analyse the global Diesel Exhaust Fluid industry status and forecast including key regions.

⇨  An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

⇨  It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

⇨  It helps you make strategic business decisions and investment plans.

Competitive Landscape

Competition has been growing for the Diesel Exhaust Fluid industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.

Highlight the Following Key Factors:

► Business Description: a particular description of agency operations and enterprise departments.

► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.

► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.

► Company History: The development of predominant occasions associated to the company.

► Main merchandise and services: A listing of the company's fundamental products, services, and brands.

► Main Competitors: A listing of the company's fundamental competitors.

► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.

► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.

Table of Contents

Global Diesel Exhaust Fluid Market Research Report 2023-2029

1 Diesel Exhaust Fluid Market Overview

1.1 Product Overview and Scope of Diesel Exhaust Fluid

1.2 Diesel Exhaust Fluid Segment by Type (Product Category)

1.3 Global Diesel Exhaust Fluid market Segment by Application

1.4 Global Diesel Exhaust Fluid Market by Region (2023-2029)

1.4.1 Global Diesel Exhaust Fluid Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)

1.4.2 North America Status and Prospect (2023-2029

1.4.3 Europe Status and Prospect (2023-2029)

1.4.4 China Status and Prospect (2023-2029)

1.4.5 Japan Status and Prospect (2023-2029)

1.4.6 Southeast Asia Status and Prospect (2023-2029)

1.4.7 India Status and Prospect (2023-2029)

1.5 Global Market Size (Value) of Diesel Exhaust Fluid (2023-2029)

1.5.1 Global Diesel Exhaust Fluid Revenue Status and Outlook (2023-2029)

1.5.2 Global Diesel Exhaust Fluid Capacity, Production Status and Outlook (2023-2029)

…

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