The global Diesel Exhaust Fluid market gathered revenue around USD 23.2 Billion in 2020 and market is set to grow USD 46.9 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 11.1% during the prediction period 2021 to 2027. Prices of DEF at pumps are slightly higher than the IBC supply mode; however, pumps offer convenience in DEF refilling for fleet and other vehicle owners. Due to this, there is rapid growth in terms of the installation of DEF pumps in recent years. For instance, in 2017, FMT Swiss Ag, a leading supplier of specialty fluid storage and dispensing solutions, launched a complete range of diesel exhaust fluid (DEF) pumps and storage units for the US and Canadian markets. Thus, the rapid installation of DEF pumps is expected to continue and further drive the demand for DEF replacement during the forecast period.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Diesel Exhaust Fluid market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Diesel Exhaust Fluid market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Diesel Exhaust Fluid market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
North America is estimated to be the largest market in 2020
The growth of the aftermarket in the North America region can be attributed to the standardization of diesel exhaust fluid tanks in trucks and buses manufactured in countries such as the US after 2010. Moreover, the demand for commercial vehicles, both, LCVs and HCVs is high in the North America region. The higher demand for commercial vehicles is driving the growth of the DEF as average miles driven, DEF tank size, and rate of dosage for commercial vehicles is high compared to passenger cars. Due to strict lockdowns and supply chain disruptions, the average miles driven have declined significantly in 2020. However, as all states eased restrictions on COVID-19, most fleet owners in the North American region have reported business rebounds at the end of 2020. This is expected to help recovery in the region in terms of the demand for the DEF in the regional market.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Significant Market Participants Operational in the Diesel Exhaust Fluid Market are:
Total (France), Royal Dutch Shell PLC (The Netherlands), Yara International (Norway), BASF SE (Germany), and China Petrochemical Corporation (Sinopec) (China).
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Diesel Exhaust Fluid OE Market, By Vehicle Type
Diesel Exhaust Fluid OE Market, By Component
- SCR Catalyst
- DEF Tank
- DEF Injector
- DEF Supply Module
- DEF Sensor
- NOx Sensor
Off-Highway Diesel Exhaust Fluid OE Market, By Application
- Construction Equipment
- Agricultural Tractors
Diesel Exhaust Fluid Aftermarket, By Supply Mode
- Cans & Bottles
- IBC
- Bulk
- Pumps
By Geography
North America
Europe
- Germany
- France
- United Kingdom
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
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