Diesel Exhaust Fluid Market Report: Sector is Expected to Reach $35555.06 million by 2030 at a CAGR of 8.40% | MRFR.

Diesel Exhaust Fluid Market Size was valued at USD 18649.5 million in 2021. The diesel exhaust fluid market industry is projected to grow from USD 20216.06 million in 2022 to USD 35555.06 million by 2030, exhibiting a compound annual growth rate (CAGR) of 8.40% during the forecast period (2022–2030). Rising regulatory norms being adopted to manage vehicle emissions and rising adoption of diesel exhaust fluid technology are the key market drivers enhancing the diesel exhaust fluid market growth.

The exhaust gasses are treated with DEF in the exhaust pipe and then converted in the catalyst into Nitrogen (N) & water (H2O). This system in vehicles is called selective catalytic reduction (SCR). With the recent introduction of VI vehicle emission standards (auto fuel emission norms), there would be a massive demand for diesel exhaust fluid, witnessing dramatically increased usage of AdBlue.

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Governments of countries across the globe accentuate CO2 emission values. Simultaneously, rising sales of diesel-powered diesel vehicles, such as SUVs & MPVs, and the sedan segments, including luxury vehicles, boost the market size. Diesel vehicles emit less CO2 than their gasoline counterparts; however, in the SUV segment, the diesel option emits more.

The average diesel vehicle emits more CO2 than the average gasoline vehicle. With the introduction of VI norms, automobile companies are implementing several technical changes in diesel vehicles. They are provisioning for fitting diesel particulate filters, selective catalytic reduction (SCR), and exhaust gas recirculation (EGR). Stringent NOx emission standards for commercial truck engines and off-road engines propel the market growth.

On the other hand, fluctuating prices and the demand-supply gap in raw materials required for AdBlue production are the major factors impeding the growth of the global DEF market. Nevertheless, the rising adoption of embedded selective catalytic reduction (SCR) technology by engine makers would support the market growth throughout the assessment period. Also, the increasing governmental focus on reducing carbon emissions and air pollution caused by a diesel engine would create a substantial demand for AdBlue.

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Global Diesel Exhaust Fluid Market Segments

The DEF market analysis is segmented into two dynamics;

By Technology: Diesel Exhaust Fluid (DEF/AdBlue/SCR Technology), Other Emission Control Technology, Lean NOx Trap (LNT), Exhaust Gas Recirculation (EGR), Diesel Oxidation Catalyst, Others (Diesel Particulate Filter (DPF), Diesel Oxidation Catalyst (DOC), Lean NOx Catalyst (LNC))

By Regions: Europe, Americas, Asia Pacific, and the Rest-of-the-World.

Global Diesel Exhaust Fluid Market Competitive Analysis

Highly competitive, the DEF market appears stable as far the eyes can see, with just a handful of players forming a competitive landscape. Although less in numbers, these players are fervent and well-established in their core businesses. To gain a larger competitive share in the market, these players incorporate strategic initiatives such as mergers & acquisitions, partnerships, collaboration, product launches, and expansion.

Industry players make substantial R&D investments in developing innovative AdBlue available at affordable costs. They form strategic partnerships to gain a larger competitive share in the market.

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Major Players:

Players leading the global AdBlue market include Yara (Norway), BASF SE (Germany), Mitsui Chemicals Inc (Japan), Viscol. co.za (Republic of South Africa), BP p.l.c (UK), Engen Petroleum Ltd (South Africa), Nissan Chemical Corporation (Japan), Borealis AG (Austria), GreenChem (Netherlands), Royal Dutch Shell PLC (The Netherlands), NOVAX Material & Technology Inc (China), and Adeco doo (Siberia), among others.

Industry/ Innovation/ Related News

January 20, 2020-Indian Oil Corporation Limited, a leading global oil & gas company, announced the signing of an agreement with Cummins Technologies India Pvt. Ltd. to bulk supply its Diesel Exhaust Fluid (DEF)?—?IOC ClearBlue, Cummins’s advanced engines with SCR (Selective Catalytic Reduction) systems. Cummins Technologies is a leading global manufacturer & distributor of exhaust after-treatment systems & components for high-horsepower engine markets.

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