Diesel Exhaust Fluid Market by Component & by Region

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MarketsandMarkets Presents

Diesel Exhaust Fluid Market by Component by
Region 2022
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iesel-exhaust-fluid-market-155714937.html
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The Diesel Exhuast Fluid Market (DEF) is
projected to grow at a CAGR of 13.06 during the
forecast period, and is projected to reach USD
21.50 billion by 2022. The key factors driving
the diesel exhaust fluid aftermarket are
stringent emission standards leading to the
adoption of selective catalytic reduction (SCR)
and thus leading to increase in diesel exhaust
fluid  market. Other factors include the
increasing vehicle parc and average miles driven
owing to the improving infrastructure and concern
towards serviving and maintenace of vehicle. The
LCV segment is the largest segment of the diesel
exhaust fluid market (OE). According to
MarketsandMarkets analysis, the number of LCVs
equipped with SCR increased from 2.97 million
units in 2015 to 3.08 million units in 2016.
Other factors influencing the growth of the OE
market are the higher tank capacity of LCVs as
compared to passenger cars. Furthermore, the
penetration of diesel engines and SCR systems is
higher in LCVs as compared to passenger cars, as
the amount of NOx emitted from LCV engines is
more than that emitted from passenger car
engines.   Get The PDF Brochure For This
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Stringent emission norms and increase in average
miles driven to foster the Diesel Exhaust
Fluid Market growth. Rising stringency for
vehicular emission and fuel efficiency
regulations in North America, Europe, and Asian
countries is responsible for the increase in
diesel vehicles with SCR. Emission regulations in
the U.S. and Europe are considered most stringent
in the world, in terms of emission limits. Hence,
there has been a significant growth in emission
control technologies for vehicles in these
countries. For example, in Europe, under the Euro
III norms, the NOx emission level was set at 5.0
g/kWh, which then declined by around 92 to reach
0.4 g/kWh under Euro VI norms. Owing to such
strict targets set under Euro VI norms, OEMs and
Tier-1 manufacturers are employing SCR in diesel
vehicles. SCR helps in reducing NOx from exhaust
gases and keeps the environment safe from harmful
pollutants. Additionally, the demand in the DEF
aftermarket is influenced by factors such as
increasing average age of vehicles, improving
infrastructure, growing number of vehicles on the
road, average miles driven, replacement cycle of
DEF, and growing concern towards vehicle
maintenance. Request Sample of the
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• Major Developments in Diesel Exhaust Fluid
  Market
• Total S.A. announced an investment of USD 1
  billion to develop and accelerate the innovation
  of low emission technologies. The company will
  finance some of the potential projects.
• PotashCorp announced that once the anticipated
  merger with Agrium (Canada) is complete, the
  resultant company will be named Nutrien. The
  ongoing process of regulatory review and
  approvals for the merger is expected to complete
  by the third quarter of 2017.
• Yara International established two new terminals
  as a part of its continental expansion plan.
  These new deep-water terminals will help Yara
  send its DEF to its distributors and fleets on
  the U.S. coasts.
• Yara International signed an agreement with Cisa
  Agro, a Managua-based company, to expand its
  share in central America by 2020.
• Graco Inc. developed Graco Blue, a DEF dispensing
  solution to reduce vehicle emissions in
  automobiles, buses, heavy-duty trucks, and
  off-road vehicles. The solution will help prevent
  contamination of DEF fluid, and provide superior
  performance for applications with longer runs up
  to 200 feet.
• Dont miss out on business opportunities in
  Diesel Exhaust Fluid Market. Speak to our analyst
  and gain crucial industry insights that will help
  your business grow.

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