Report Id: SNS/C&M/1696 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Diesel Exhaust Fluid Market Size was valued at USD 32.65 billion in 2022, and expected to reach USD 60.89 billion by 2030, and grow at a CAGR of 8.1% over the forecast period 2023-2030. DEF is a mixture of 32.5 percent urea and 67.5 percent deionized water that is odourless, colourless, and non-flammable. The standardised AUS 32 form is used as a consumable in selective catalytic reduction (SCR) to reduce the concentration of nitrogen oxides (NOx) in diesel exhaust emissions from diesel engines. Inside the exhaust pipe, DEF vaporises and decomposes into ammonia and carbon dioxide, which react with oxygen and harmful nitrogen oxides in the vehicle's selective catalytic reduction (SCR) catalyst. As a result, nitrogen, water vapour, and carbon dioxide are produced. Because DEF's shelf life is closely proportional to its storage temperature, specific storage containers constructed of polyethylene plastic or stainless steel are employed to maintain its purity.
Market Dynamics:
Drivers:
Increasing average age of vehicles.
Improving infrastructure.
Restraints:
Changing costs of raw materials.
Increasing demand for electric cars
Opportunity:
The building business is increasing
The diesel vehicle penetration is decreasing
Challenge:
Urea price Fluctuation.
Impact of Covid-19:
The COVID-19 outbreak, which resulted in a decrease in car manufacturing, average vehicle miles driven, and sales. Due to supply chain constraints, labour availability, and government preventative directives, vehicle sales and manufacture are unlikely to resume fully once the lockdowns are removed. In this scenario, the COVID-19 outbreak is expected to have a moderate impact on the diesel exhaust fluid business. Major automobile-producing countries such as China, Japan, Germany, and the United Kingdom have all been hit hard by the plague. Car sales and average kilometres driven in these countries are expected to plummet by 2020. Given the current situation, the diesel exhaust fluid market is predicted to contract Y-o-Y in 2020.
The planned recovery of the automobile industry is likely to boost DEF demand, which would, in turn, boost the diesel exhaust fluid market.
Key players:
Old World Industries, LLC, Yara International ASA, Blue Sky Diesel Exhaust Fluid., Cummins Filtration, KOST USA, Inc., STOCKMEIER Group, The Potash Corporation of Saskatchewan, Certified DEF, CF Industries Holdings, Inc., Dyno Nobel, and other players.
Market Segmentation:
By Vehicle Type
Passenger Cars
LCVs
HCVs
By Component
SCR Catalysts
DEF Tanks
DEF Injectors
DEF Supply Modules
DEF Sensors
NOx Sensors
By Application
Agricultural Tractors
Construction Equipment
By Supply Mode
Cans & Bottles
IBCs
Bulk
Pumps
End User Market
OE
Aftermarket
REGIONAL COVERAGE
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 32.65 Billion |
Market Size by 2030 | US$ 60.89 Billion |
CAGR | CAGR of 8.1% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Vehicle Type (Passenger Cars, LCVs, HCVs) • By Component (SCR Catalysts, DEF Tanks, DEF Injectors, DEF Supply Modules, DEF Sensors, NOx Sensors) • By Application (Agricultural Tractors, Construction Equipment) • By Supply Mode (Cans & Bottles, IBCs, Bulk, Pumps), End Use Market (OE, Aftermarket) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | Old World Industries, LLC, Yara International ASA, Blue Sky Diesel Exhaust Fluid., Cummins Filtration, KOST USA, Inc., STOCKMEIER Group, The Potash Corporation of Saskatchewan, Certified DEF, CF Industries Holdings, Inc., Dyno Nobel, and other players. |
DRIVERS | • Increasing average age of vehicles. • Improving infrastructure. |
Restraints | • Changing costs of raw materials. • Increasing demand for electric cars |
Frequently Asked Questions (FAQ) :
Ans: Key stakeholders considered in the study:
Raw material vendors
distributors/traders/wholesalers/suppliers
regulatory authorities, including government agencies and ngo
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
trade/industrial associations
end-use industries are the stake holder of this report
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: The COVID-19 outbreak, which resulted in a decrease in car manufacturing, average vehicle miles driven, and sales. Due to supply chain constraints, labour availability, and government preventative directives, vehicle sales and manufacture are unlikely to resume fully once the lockdowns are removed. In this scenario, the COVID-19 outbreak is expected to have a moderate impact on the diesel exhaust fluid business. Major automobile-producing countries such as China, Japan, Germany, and the United Kingdom have all been hit hard by the plague.
Ans: Urea price Fluctuation are the challenges faced by the Diesel Exhaust Fluid Market.
Ans: Diesel Exhaust Fluid Market Size was valued at expected to reach USD 52.11 billion by 2028 and USD 30.21 billion in 2021 and grow at a CAGR of 8.1 % over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Diesel Exhaust Fluid Market Segment, By Vehicle Type
8.1 Passenger Cars
8.2 LCVs
8.3 HCVs
9. Diesel Exhaust Fluid Market Segment, By Component
9.1 SCR Catalysts
9.2 DEF Tanks
9.3 DEF Injectors
9.4 DEF Supply Modules
9.5 DEF Sensors
9.6 NOx Sensors
10. Diesel Exhaust Fluid Market Segment, By Application
10.1 Agricultural Tractors
10.2 Construction Equipment
11. Diesel Exhaust Fluid Market Segment, By Supply Mode
11.1 Cans & Bottles
11.2 IBCs
11.3 Bulk
11.4 Pumps
12. Diesel Exhaust Fluid Market Segment, End Use Market
12.1 OE
12.2 Aftermarket
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
10.6Latin America
13.6.1Brazil
13.6.2Argentina
13.6.3 Rest of Latin America
14. Company Profile
14.1 Old World Industries, LLC
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 The Potash Corporation of Saskatchewan
14.3 Yara International ASA
14.4 Certified DEF
14.5 Blue Sky Diesel Exhaust Fluid.
14.6 CF Industries Holdings, Inc.
14.7 Cummins Filtration
14.8 Dyno Nobel
14.9 KOST USA, Inc.
14.13 STOCKMEIER Group
15.Competitive Landscape
15.1 Competitive Benchmark
15.2 Market Share analysis
15.3 Recent Developments
16. Conclusion
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