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Global Diesel Exhaust Fluid Market to be Aided by the Rising Need for Sustainable Environment in the Coming Years

According to a new report by EMR titled, ‘Global Diesel Exhaust Fluid Market Report and Forecast 2022-2027’, the global diesel exhaust fluid industry attained a value of nearly USD 20.2 billion in 2020. The market is further expected to grow at a CAGR of 11.8% in the forecast period of 2022-2027.

The global diesel exhaust fluid industry is dominated by the North America region. Light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs) need a high dosage of diesel exhaust fluid and North America accounts for the largest share of Light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs) as compared to the rest of the world. Diesel exhaust fluid, along with selective catalytic reduction (SCR) is used to reduce concentration of nitrogen oxides (NOx), resulting in reduction of emission from diesel engines. Nitric oxide (NOx) emissions are hazardous gases that cause air pollution and often criticised for acid rain and greenhouse effect. The market is booming because of the rising concern for the environment resulting from harmful nitrogen oxides emission. Government has imposed numerous rules and regulations to uplift the use, keeping the environment in their minds. Demand for SCR is expected to increase because of stringent emission regulations implemented by the government. Due to advanced design of SCR systems, the engine remains in a better position and chances of wear and tear are reduced. This reduces the maintenance cost and energy and the engine is less likely to break down, which makes the vehicle more reliable. Vehicles with diesel exhaust fluids give better performance as compared to those without using it. Factors like standardisation of tanks for diesel exhaust fluid in buses, improving infrastructure, increase in the number of vehicles on roads, rise in average miles driven, demand for diesel engines, replacement cycles of DEF, and rising concerns towards maintenance of vehicles, amongst others are some parameters fuelling the demand for diesel exhaust fluids.

The rising competition among the key players is also providing an impetus to the market growth. In February 2021, Royal Dutch Shell PLC (NYSE: RDS.A) set out its strategy that will provide net-zero emission energy products and services, drive down carbon emission and will deliver value to shareholders, customers, and society. The products will have the lowest environmental impact and will establish strength to build on their competitive portfolio.

Market Analysis by Components, Supply Model, Application, Vehicle types, and Regions:

  • Based on components, the industry can be divided into SCR Catalyst, DEF Tank, injector, supply module, and sensor.
  • On the basis of supply model, the market can be divided into cans and bottles, intermediate bulk container, bulk, and pump.
  • It finds wide applications in construction and agriculture.
  • Based on vehicle types, the industry can be segmented into passenger car, light commercial vehicle, and medium and heavy commercial vehicle.
  • The regional markets for diesel exhaust fluid include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rising concern for the environment due to harmful nitrogen oxides emission is driving the growth of diesel exhaust fluid market.
  • Factors like optimized combustion, better fuel efficiency, increased power, and reduced maintenance, among others, boost the demand for diesel exhaust fluid.
  • Stringent government policies, regarding the vehicles and engines, is fuelling the demand for diesel exhaust fluid.
  • Increasing demand for LCVs and HCVs, which require high dosage of diesel exhaust fluid is also propelling the market growth.

Key Offerings of the report:

  • The EMR report gives an overview of the global diesel exhaust fluid industry for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecasted (2022-2027) markets for the components, supply model, application, vehicle types, and regions of diesel exhaust fluid.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global diesel exhaust fluid market are Yara International ASA, Royal Dutch Shell PLC, BASF SE, The McPherson Companies, and Nissan Chemical Industries, Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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