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.
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Increasing average age of vehicles
Changing costs of raw materials
Increasing demand for electric vehicle
The building business is increasing
The diesel vehicle penetration is decreasing
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.
By Vehicle Type
DEF Supply Modules
By Supply Mode
Cans & Bottles
End Use Market
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Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
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.
Yara International ASA-Company Financial Analysis
|Market Size in 2022
|US$ 32.65 Billion
|Market Size by 2030
|US$ 60.89 Billion
|CAGR of 8.1% From 2023 to 2030
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
|• 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)
|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)
|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.
|• Increasing average age of vehicles.
• Improving infrastructure.
|• Changing costs of raw materials.
• Increasing demand for electric cars
Ans: Key stakeholders considered in the study:
Raw material vendors
regulatory authorities, including government agencies and ngo
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
126.96.36.199 United Kingdom
188.8.131.52 South Korea
184.108.40.206 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
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
12. Diesel Exhaust Fluid Market Segment, End Use Market
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6.3 Rest of Latin America
14. Company Profile
14.1 Old World Industries, LLC
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
15.1 Competitive Benchmark
15.2 Market Share analysis
15.3 Recent Developments
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The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
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We at SNS Insider have divided Primary Research into 2 parts.
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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
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