Diesel Exhaust Fluid (DEF) Market 2022-2028

Description

List of Tables

Title:Global Diesel Exhaust Fluid (DEF) Market Size, Share & Trends Analysis Report by Components (Selective Catalytic Reduction (SCR) Catalyst, Tank, Injector, and Sensor), by Vehicle Type (Passenger Vehicles and Commercial Vehicles), and by End Market (Original Equipment Manufacturers (OEM) and Aftermarket) Forecast Period (2022-2028).

The global DEF market is anticipated to grow at a considerable CAGR of 6.9% during the forecast period. One of the key factors fueling the market includes the growing restrictions on the transportation norms in several countries such as China, the US, India, and others across the globe. For instance, in 2020, China adopted multiple stages of national standards for fuel consumption that apply separately to heavy and light-duty vehicles. Such norms have pushed the vehicle manufacturers to add all the components for the DEF system in the diesel vehicle to reduce Nitrogen Oxide (Nox) emissions. Additionally, these norms have also increased the demand for DEF among consumers which aims to decrease the emission. As per Euro 6 norms, a diesel vehicle cannot emit more than 80mg/km of Nox gases which has forced manufacturers to implement solutions to reduce Nox emission.

The global DEF market is segmented based on the components, vehicle type, and end market. Based on the components, the market is segmented into SCR catalyst, tank, injector, and sensor. Based on the vehicle type, the market is segmented into passenger vehicles and commercial vehicles. Based on the end market, the market is sub-segmented into the original equipment manufacturers (OEM), and aftermarket. Among the end market, the OEM sub-segment is anticipated to grow at a significant rate in the market during the forecast period. The growing demand for sports utility vehicles (SUVs) which perform better with a diesel engine is the major factor leading to the production of diesel SUVs integrated with the DEF system, post-government approval. According to the Hyundai Motor Company quarterly report, as of June 2022, the company sold 13,790 compact SUV Creta models. The company further reported YoY growth of 38.7% compared to the sales incurred in June 2021. Such factors have increased the use and demand for DEF in the OEM segment over the past few years and also offer considerable growth potential and opportunities over the coming years.

Geographically, the global DEF market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Followed by Europe, North America is anticipated to hold a prominent share in the market owing to considerable demand for diesel vehicles in the region. As per the Diesel Technology Forum (DTF), in the fourth quarter of 2021, the US held a 28% share of the global diesel vehicles sales in the Alternative Fueled Vehicle Sales with 1.5% sales growth as compared to the 4th quarter sales of 2020.

The major companies serving the global DEF market include BASF Group, Brenntag SE, Shell group, Sinopec Lubricant Co., TotalEnergies Lubrifiants, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in August 2021, BASF Group and Sinopec Lubricant Co. expanded their Verbund site operated by BASF-YPC Co., Ltd. It included the capacity expansion of several downstream chemical plants that included a new tert-butyl acrylate plant for supporting the growing Chinese market. In addition, this expansion also supported Sinopec Lubricant Co. in increasing the distribution of DEF products.

Research Methodology

The market study of the global diesel exhaust fluid (DEF) market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of the market size and the intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

Global Diesel Exhaust Fluid Market (DEF) Research and Analysis by Components.
Global Diesel Exhaust Fluid Market (DEF) Research and Analysis by Vehicle Type.
Global Diesel Exhaust Fluid Market (DEF) Research and Analysis by End Market.

The Report Covers:

Comprehensive research methodology of the global diesel exhaust fluid (DEF) market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global diesel exhaust fluid (DEF) market.
Insights about market determinants that are stimulating the global diesel exhaust fluid (DEF) market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026870

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. BASF Group
  - 3.1.1.1. Overview
  - 3.1.1.2. Financial Analysis
  - 3.1.1.3. SWOT Analysis
  - 3.1.1.4. Recent Developments
- 3.1.2. Brenntag SE
  - 3.1.2.1. Overview
  - 3.1.2.2. Financial Analysis
  - 3.1.2.3. SWOT Analysis
  - 3.1.2.4. Recent Developments
- 3.1.3. Shell group
  - 3.1.3.1. Overview
  - 3.1.3.2. Financial Analysis
  - 3.1.3.3. SWOT Analysis
  - 3.1.3.4. Recent Developments
- 3.1.4. Sinopec Lubricant Co.
  - 3.1.4.1. Overview
  - 3.1.4.2. Financial Analysis
  - 3.1.4.3. SWOT Analysis
  - 3.1.4.4. Recent Developments
- 3.1.5. TotalEnergies Lubrifiants
  - 3.1.5.1. Overview
  - 3.1.5.2. Financial Analysis
  - 3.1.5.3. SWOT Analysis
  - 3.1.5.4. Recent Developments
3.2. Key Strategy Analysis

4. Market Segmentation

4.1. Global Diesel Exhaust Fluid (DEF) Market by Components
- 4.1.1. Selective Catalytic Reduction (SCR) Catalyst
- 4.1.2. Tank
- 4.1.3. Injector
- 4.1.4. Sensor
4.2. Global Diesel Exhaust Fluid (DEF) Market by Vehicle Type
- 4.2.1. Passenger Vehicles
- 4.2.2. Commercial Vehicles
4.3. Global Diesel Exhaust Fluid (DEF) Market by End Market
- 4.3.1. Original Equipment Manufacturers (OEM)
- 4.3.2. Aftermarket

5. Regional Analysis

5.1. North America
- 5.1.1. US
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. API
6.2. Blue Sky Diesel Exhaust Fluid
6.3. CF Industries Holdings, Inc.
6.4. Cummins Inc.
6.5. Incitec Pvt. Ltd. (Dyno Nobel)
6.6. KOST USA, Inc.
6.7. Old World Industries, LLC
6.8. Stockmeier Holding GmbH
6.9. Yara International ASA