Global Diesel Exhaust Fluid Market is expected to grow owing to growth of the commercial vehicle industry and increasing use of diesel engines in the transportation industry throughout the forecast period.
According to TechSci Research report, “Diesel Exhaust Fluid Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”, the Global Diesel Exhaust Fluid Market is expected to register robust growth during the forecast period. The demand for the DEF aftermarket is influenced by several factors, including the growing average age of vehicles, infrastructure development, the rising number of vehicles on the road, average mileage, DEF replacement cycle, and the increasing focus on vehicle maintenance.
One of the key opportunities in the DEF market lies in the ongoing tightening of emission control regulations worldwide. Governments and regulatory bodies across different regions are increasingly enforcing stringent emission standards to combat air pollution and address climate change. The utilization of DEF and Selective Catalytic Reduction (SCR) technology becomes imperative for diesel engines to comply with these regulations. With more countries adopting or strengthening their emission standards, the demand for DEF is projected to increase, presenting manufacturers, distributors, and suppliers with opportunities to expand their market presence.
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Based on supply mode, the IBC segment is expected to dominate the market during the forecast period. Industries that utilize diesel-powered machinery often have a significant demand for Diesel Exhaust Fluid (DEF), necessitating the use of Intermediate Bulk Containers (IBCs). IBCs provide a convenient solution for storing and transporting large quantities of DEF, making them the preferred choice for businesses with substantial DEF requirements. Designed to facilitate efficient handling and precise dispensing, IBCs are equipped with integrated pumps, hoses, and dispensing nozzles. The adoption of DEF is driven by emission regulations, which often mandate the use of bulk DEF in industrial applications. The IBC segment effectively enables businesses to comply with these regulations. Furthermore, sustainability is increasingly becoming a focal point for companies and industries. IBC manufacturers can align with sustainability goals by exploring eco-friendly materials and manufacturing processes. Differentiation can be achieved by offering comprehensive service and support packages, encompassing training, maintenance, and DEF quality assurance services. In conclusion, the IBC segment plays a crucial role in meeting the storage and distribution needs of bulk DEF in industries subject to emission regulations within the global Diesel Exhaust Fluid market.
Based on vehicle type, the Medium & Heavy Commercial Vehicle segment is projected to dominate the market throughout the forecast period. The Medium & Heavy Commercial Vehicle segment encompasses trucks, buses, and other large commercial vehicles that are powered by diesel engines. These vehicles are subject to emission regulations and utilize DEF to adhere to these standards. Emission regulations, such as the Euro VI standards in Europe and the Environmental Protection Agency's (EPA) Tier 4 Final standards in the United States, have stimulated the adoption of DEF in medium and heavy commercial vehicles. Compliance with these regulations necessitates the utilization of DEF and Selective Catalytic Reduction (SCR) technology. The demand for transportation of goods and passengers remains consistently robust worldwide, driving the requirement for medium and heavy commercial vehicles. As these vehicles are obligated to meet emissions standards, the demand for DEF in this segment is closely correlated with the growth of the transportation industry. Stringent emission regulations worldwide are the primary catalyst for DEF usage in medium and heavy commercial vehicles. Compliance with these regulations is imperative to avoid fines and penalties and to maintain operational legality. DEF, when used in conjunction with SCR systems, can enhance the fuel efficiency of diesel engines in medium and heavy commercial vehicles. Reduced fuel consumption presents an appealing prospect for operators seeking to lower operational expenses. The increasing emphasis on emissions reduction and adherence to stricter standards will continue to propel the growth of DEF usage in medium and heavy commercial vehicles. Innovations in SCR technology and DEF dosing systems offer opportunities for further enhancements in performance, fuel efficiency, and cost-effectiveness.
Key market players in the Global Diesel Exhaust Fluid Market are:-
- Yara International ASA
- Royal Dutch Shell PLC
- Blue Sky Diesel Exhaust Fluid.
- Certified DEF
- CF Industries Holdings, Inc.
- The Potash Corporation of Saskatchewan
- Cummins Filtration
- STOCKMEIER Group
- KOST USA, Inc.
- Old World Industries, LLC
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“The Diesel Exhaust Fluid Market in North America is poised to be the dominant force in the industry. There is a significant opportunity for DEF manufacturers in North America to adopt sustainable sourcing and production practices. The utilization of eco-friendly DEF production methods and renewable energy can effectively appeal to environmentally conscious customers and organizations.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Diesel Exhaust Fluid Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Component (SCR Catalyst, DEF Tank, Injector, Supply Module and Sensor), By Application (Construction, Agriculture and Others), By Supply Mode (Cans, IBC and Pump), By Vehicle Type (Passenger Car, Light Commercial Vehicle and Medium & Heavy Commercial Vehicle), By Region, By Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of Global Diesel Exhaust Fluid Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Diesel Exhaust Fluid Market.
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