PUBLISHER: Value Market Research | PRODUCT CODE: 1361800
PUBLISHER: Value Market Research | PRODUCT CODE: 1361800
The global demand for Diesel Exhaust Fluid Market is presumed to reach the market size of nearly USD 69.7 BN by 2030 from USD 35.5 BN in 2022 with a CAGR of 8.8% under the study period 2023 - 2030.
Diesel exhaust fluid (DEF) is an odourless, colourless, and non-flammable mixture of urea and deionized water. Diesel exhaust fluid helps improve the mileage of the vehicles and the age of the vehicles. The DEF is an anti-pollution agent that can inhibit and reduce harmful nitrogen oxide (NOx) emissions from diesel-powered internal combustion engines. DEF is safe to use fluid and is used to reduce the amount of pollution caused by diesel vehicles and engines.
The growing average age of vehicles and miles are driving the growth of the diesel exhaust fluid market. Also, the higher growth rate of this segment is due to strict regulations on greenhouse gas (GHG) emissions and increased demand for this product in the automotive industry. Moreover, the growing demand for diesel exhaust fluid in construction equipment and the increasing number of DEF filling pumps has provided lucrative opportunities for the growth of the global diesel exhaust fluid market. Furthermore, as commercial vehicle sales have started increasing, so has the demand for diesel exhaust fluid in recent years. However, fluctuating prices of raw materials and the increasing demand for electric vehicles globally may impede the growth of this market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of diesel exhaust fluid. The growth and trends of diesel exhaust fluid industry provide a holistic approach to this study.
This section of the diesel exhaust fluid market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Diesel Exhaust Fluid market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Diesel Exhaust Fluid market include TotalEnergies (France), Shell PLC (The Netherlands), BASF SE (Germany), Brenntag AG (Germany) and China Petrochemical Corporation (Sinopec) (China). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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