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“Increasing penetration of selective catalytic reduction (SCR) technology in exhaust system owing to stringent emission regulations driving the diesel exhaust fluid aftermarket”
The diesel exhaust fluid market is projected to grow at a CAGR of 13.06% from 2017 to 2022, to reach a market size of USD 21.57 billion by 2022. The rising stringency of vehicular emissions in North America, Europe, and Asia is responsible for the increase in diesel vehicles with SCR and thus is the main driver for increasing DEF consumption. Also, DEF has a huge demand in the aftermarket. A mid-class passenger car needs 0.26 gallons of DEF per 620 miles, and an SUV/MPV requires 0.4 gallons of DEF per 620 miles. Hence, there is a frequent need for DEF replacement or refill, which drives the aftermarket. However, the market growth is restrained by the increasing sales of battery electric vehicles. As these vehicles run with a pure electric powertrain, the need for an exhaust system is eliminated.

“Passenger car is the fastest growing vehicle segment in the diesel exhaust fluid aftermarket”
The passenger car segment has historically been emitting higher NOx emissions as compared to other vehicle segments such as LCV and HCV. However, with stringent emission standards such as Euro 6, the NOx emissions for passenger cars have been reduced to a very low level. To reduce the NOx emissions, exhaust aftertreatment has become a mandate in various countries. On the other hand, around 90–95% of heavy commercial vehicles are already equipped with SCR. Hence, the passenger car segment offers a huge opportunity for the DEF aftermarket.

“Construction equipment constitutes the largest off-highway diesel exhaust fluid OE market globally”
Construction equipment works in harsh conditions and must be capable of handling heavy loads. Thus, the power requirement of these vehicles is higher than that of on-road vehicles and other off-road vehicles such as agricultural tractors. Further, Tier-IV regulations have been implemented across various countries for off-highway equipment, which mandate manufacturers to reduce particulate matter and nitrogen oxide levels by 50%–90%. Hence, the increasingly stringent emission norms for construction equipment are driving the off-highway diesel exhaust fluid market.

“Asia-Oceania region constitutes the largest diesel exhaust fluid market for Original Equipment (OE) market”
The Asia-Oceania region leads the diesel exhaust OE market owing to increasing vehicle production in countries such as China and India. The vehicle production in these countries is projected to grow at a CAGR of 4–5% over the period of next five years. The SCR penetration for vehicles in these countries is also expected to rise after the introduction of stringent emissions standards such as BS 4 and China 5 in 2017. This will lead to increased demand for DEF in this region during the forecast period.

The study contains insights provided by various industry experts, ranging from DEF raw material suppliers to DEF manufacturers. The break-up of the primaries is as follows:

  • By Company Type – Tier-1 - 50%, Tier-2 - 33%, and Others (urea suppliers) - 17%
  • By Designation - D level - 33%, C level – 50%, and Others (sales & marketing managers)-17%
  • By Region – Europe-29%, Asia-Pacific - 43%, North America - 14%, RoW - 14%

The report provides detailed profiles of the following companies:

  • Yara International (Norway)
  • China Petrochemical Corporation (Sinopec) (China)
  • CF International Holdings, Inc. (U.S.)
  • BASF SE (U.K.)
  • Nissan Chemical Industries, Ltd. (Japan)
  • Agrium Inc. (Canada)
  • Total S.A. (France)
  • Royal Dutch Shell (Netherlands)
  • Graco Inc. (U.S.)
  • Cummins Inc. (U.S.)
  • Air Liquide (France)
  • PotashCorp (Canada)

Research Coverage:
The report analyzes the diesel exhaust fluid OE & aftermarket across different verticals and regions. It aims at estimating the market size and future growth potential of the diesel exhaust fluid OE market by region, component, off-highway diesel exhaust fluid market by application, diesel exhaust fluid aftermarket market by region, by supply modes, and by vehicle type. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

Reasons To Buy the Report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall diesel exhaust fluid market. It will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.