The rising stringency of vehicular emissions in North America, Europe, and Asia is responsible for the increase in diesel vehicles with SCR and thus is the main driver for increasing DEF consumption.
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Study on Diesel Exhaust Fluid Market highlights key players such as Yara International(Norway), China Petrochemical Corporation (Sinopec) (China), CF International Holdings, Inc. (U.S.), BASF SE (U.K.), Nissan Chemical Industries, Ltd. (Japan), Agrium Inc. (Canada), Total S.A. (France), Royal Dutch Shell (Netherlands), Graco Inc. (U.S.), Cummins Inc. (U.S.), Air Liquide (France), PotashCorp (Canada).
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Complete report on Diesel Exhaust Fluid Market spread across 180 Pages, Profiling 12 Companies and Supported with 103 Tables and 57 Figures is now available at www.reportsnreports.com/reports/11…k-st-to-2022.html
The diesel exhaust fluid market is projected to grow at a CAGR of 13.06% from 2017 to 2022, to reach a market size of USD 21.57 billion by 2022.
Also, DEF has a huge demand in the aftermarket. A mid-class passenger car needs 0.26 gallons of DEF per 620 miles, and an SUV/MPV requires 0.4 gallons of DEF per 620 miles.
Hence, there is a frequent need for DEF replacement or refill, which drives the aftermarket. However, the market growth is restrained by the increasing sales of battery electric vehicles.
As these vehicles run with a pure electric power train, the need for an exhaust system is eliminated.
- Diesel exhaust fluid suppliers
- Raw material (urea & nitrogen) suppliers
- Automotive OEMs
- Distributors and suppliers of diesel exhaust fluid
- Industry associations and experts
Construction equipment works in harsh conditions and must be capable of handling heavy loads. Thus, the power requirement of these vehicles is higher than that of on-road vehicles and other off-road vehicles such as agricultural tractors.
Further, Tier-IV regulations have been implemented across various countries for off-highway equipment, which mandate manufacturers to reduce particulate matter and nitrogen oxide levels by 50%–90%.Hence, the increasingly stringent emission norms for construction equipment are driving the off-highway diesel exhaust fluid market.
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The Asia-Oceania region leads the diesel exhaust OE market owing to increasing vehicle production in countries such as China and India. The vehicle production in these countries is projected to grow at a CAGR of 4–5% over the period of next five years.
The SCR penetration for vehicles in these countries is also expected to rise after the introduction of stringent emissions standards such as BS 4 and China 5 in 2017. This will lead to increased demand for DEF in this region during the forecast period.
Key Points From Table Of Content:
5 Market Overview
5.2 Market Dynamics
220.127.116.11 Stringent Emission Regulations Leading to Increased Penetration of Diesel SCR Vehicles
18.104.22.168 Increasing Number of DEF Filing Pumps
22.214.171.124 Increasing Average Age and Miles Driven are Leading to the Growth of the DEF Aftermarket
126.96.36.199 Increasing Sales of Electric Vehicles
188.8.131.52 Growing Demand for DEF in the Construction Equipment Segment
184.108.40.206.1 Tier-IV/Stage-IV Emission Regulations for Off-Highway Engines
220.127.116.11 DEF Market Offering Growth Opportunities to Fuel Tank Manufacturers and Material Suppliers
18.104.22.168 Adulteration Impacting the Quality of DEF
22.214.171.124 Fluctuating Urea and Diesel Prices
Click now for more information on this research of Diesel Exhaust Fluid Market by Component (SCR Catalyst, DEF Tank, Injector, Supply Module, Sensor), OHV Market by Application (Construction & Agriculture), Aftermarket by Vehicle Type, Supply Mode (Cans, IBC, Bulk & Pump), & by Region - Forecast to 2022 report @ www.reportsnreports.com/contacts/i…aspx?name=1159146
The report analyzes the diesel exhaust fluid OE & aftermarket across different verticals and regions. It aims at estimating the market size and future growth potential of the diesel exhaust fluid OE market by region, component, off-highway diesel exhaust fluid market by application, diesel exhaust fluid aftermarket market by region, by supply modes, and by vehicle type.
Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
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