Global Diesel Exhaust Fluid Market is valued approximately USD 22.49 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 10.25 % over the forecast period 2021-2027. DEF is a high purity chemical solution containing 32.5 percent (v/v) urea and pure deionized water. DEF is primarily used in the Selective Catalytic Reduction Process to lower NOx concentrations in exhaust from both on and off-road diesel engines. The growing need for diesel exhaust fluid to reduce NOx emissions is driving the growth of the worldwide diesel exhaust fluid market. The trend is expected to continue during the forecast period, owing to rising demand for diesel exhaust fluid in commercial vehicles powered by an increasing number of LCV and HCV. Factors influencing demand in the DEF aftermarket include increased average vehicle age, improved infrastructure, an increase in the number of cars on the road, average miles travelled, DEF replacement cycles, and rising worries about vehicle maintenance. For instance, From 2005 to 2019, the average age of a vehicle in North America climbed from 10.1 to 11.8 years. According to India Brand Equity Foundation (IBEF), Indian automobile exports increased by 24.34 percent year on year between April and September 2018. It is predicted to expand at a 3.05 percent CAGR between 2016 and 2026. According to European Automobile Manufacturers Association, in 2017, there were total 41 working OEM sites in Germany. However, vehicle manufacturers are migrating away from diesel technology in response to tougher NOX pollution rules, real-world emissions testing, and fluctuating diesel prices which hampers the growth of the market over the forecast period of 2021-2027. Also, the demand for construction equipment is expanding, which is driving up the need for engine coolants used in construction equipment as well as the continual advancement of technology is likely to increase the market growth during the forecast period.

The regional analysis of global Diesel Exhaust Fluid market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the standardization of diesel exhaust fluid tanks in produced trucks and buses, strong demand for commercial vehicles, both LCVs and HCVs, and ongoing projects. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as increasing construction sector, rapid industrialization, growing vehicles market would create lucrative growth prospects for the Diesel Exhaust Fluid market across Asia-Pacific region.

Major market player included in this report are:
Yara International
CF Industries Holdings Inc.
Agrium Inc.
Cummins Inc.
Shell ROTELLA (Royal Dutch Shell Inc.)
Mitsui Chemicals Inc.
Graco Inc.
Brenntag AG

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Storage Solution:
Bulk Storage Tanks
Portable Containers
By Vehicle Type:
By End Use:
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Diesel Exhaust Fluid Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers