Diesel exhaust fluid ()DEF is made from 32.5% urea and 67.5% de-ionized water, and it's a non-hazardous solution. This DEF is sprayed into the exhaust stream of diesel vehicles to break NOx emissions into harmless nitrogen and water. The regulation imposed by the various governments to mandate the use of selective catalytic reduction in diesel vehicles has spurred the market's growth. The diesel vehicles are continuously working on the new solution development to reduce vehicle emissions, further increasing the DEF demand in diesel vehicles. The rising stringent regulation against vehicles emissions is expected to drive the market growth in coming years.
The "Global Diesel exhaust fluid Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of Diesel exhaust fluid market with detailed market segmentation by vehicle type, supply modes, component, application, and geography. The global Diesel exhaust fluid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Diesel exhaust fluid market players and offers key trends and opportunities in the market.
- Based on supply modes, the global diesel exhaust fluid market is segmented into Cans and bottles, Intermediate Bulk container(IBC), Bulk, Pumps.
- On the basis of vehicle type, the market is segmented into Passenger car, HCV, LCV, Off Highway.
- On the basis of component, the market is segmented into SCR catalyst, tank, injector, supply module, and sensor.
- On the basis of application, the market is segmented into construction and agriculture.
- Stringent Emission Regulation Imposed by Various Governments
- Increasing Adoption of DEF Technology in Developing Nations
- Advent of Electric and Natural Gas Vehicles is Hampering the Market Growth.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Diesel exhaust fluid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Diesel exhaust fluid market in these regions.
IMPACT OF COVID-19 ON DIESEL EXHAUST FLUID MARKET
The COVID-19 pandemic dramatically impacted the global automotive industry as major vehicle manufacturing companies halted production owing to the fall in demand from new vehicles and disruptions in the worldwide supply chain. According to several automotive industry associations and organizations, the automotive sector recorded ~20?"25% loss in production and more than 30% loss in sales in 2020. After witnessing a significant drop in 2020 due to the COVID-19 pandemic, the automotive market is experiencing a gradual recovery fourth quarter of 2020. Automotive sales in Europe and the US are anticipated to rebound to pre-COVID-19 pandemic levels by 2023, while China's rebound continues to accelerate, with the potential to approach 30 million new vehicles by 2025.
The report covers key developments in the Diesel exhaust fluid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership and collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Diesel exhaust fluid market are anticipated to lucrative growth opportunities in the future with the rising demand for Diesel exhaust fluid in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Diesel exhaust fluid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Brenntag North America, Inc.
- CASTROL LIMITED
- Graco Inc.
- Nissan Chemical Corporation
- WinField United