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(Transportation-News.com, October 11, 2019 ) Market Overview:
Diesel Exhaust Fluid (DEF) is a consumable in selective catalytic reduction (SCR) that lowers NOx concentration in the diesel exhaust emissions from diesel engines. It is a precisely joint solution of 67.5% de-ionized water and 32.5% high purity chemical grade urea. SCR is the leading technology being used to meet 2010 emission regulations that uses a urea based DEF and a catalytic converter to significantly reduce nitrogen oxides (NOx) emissions.
Market Dynamics:
Stringent emission regulations, rise in the usage of SCR technology and increasing vehicles on the road worldwide are the major drivers for the growth of the market globally. Increasing stringency of vehicular emissions particularly in USA, European countries and Asia Pacific countries is accountable for the rise in diesel vehicles with SCR and acts as a key driver for increasing the diesel exhaust fuel consumption.
Increasing in the sales of battery electric vehicles is the major restraint hampering the market growth worldwide. Electric vehicles run with purely electric power and the requirement for diesel exhaust fluid is completely discarded.
Market Segmentation:
By vehicle type, the diesel exhaust fluid market is classified into passenger vehicle, commercial vehicle and Others. Commercial vehicle is further divided into light and medium commercial vehicle and heavy duty commercial vehicle.Passenger vehicle segment is expected to grow with a high CAGR in the forecast period.
By end user, the diesel exhaust fluid market is classified into aftersales and OEM. Aftersales is expected to grow with a high CAGR in the forecast period. Replacement cycle of DEF and increasing average lifespan of vehicle are the key factors impacting the aftermarket segment.
By storage solution, the diesel exhaust fluid market is segmented into portable containers, dispensers and bulk storage tankers
Geographical Analysis:
North America is dominating the global Diesel Exhaust Fluid market in 2018 and estimated to hold largest market size over the forecast period. Strict emission regulations and huge availability of DEFs are the major factor for the market growth. For instance, the majority of all diesel truck and tractor manufacturers are using SCR to meet the latest emission standards. DEF is already available at more than 550 Ryder service locations in the United States.
Europe is expected to be the one among the regions to hold major share in the forecast period. Strict government regulations in controlling emissions and increasing number of vehicles are the major driver factors impacting the market growth in this region.
Competitive Analysis:
The Diesel Exhaust Fluid market is a moderately competitive with new players entering the market. Some of the major players include Brenntag AG, TOTAL S.A, Yara International, Nissan Chemical Industries, Shaw Development LLC, Mitsui Chemicals, Inc., Blue Sky Diesel Exhaust Fluid, GreenChem Holding B.V., The McPherson Companies and BASF SE.
The key players are focusing to implement SCR and following emission regulations in the mid-level and premium vehicles which leads to the growth of the diesel exhaust fluid market. For instance, Range Rover is equipped with a 3.0-liter turbo-diesel V-6 that sips DEF from a 4.8-gallon tank located under the floor beneath the driver’s seat.
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DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
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