Diesel Exhaust Fluid Market size to grow by USD 18,114.37 million from 2022 to 2027; Increasing production of vehicles boosts the market - Technavio

NEW YORK, Aug. 14, 2023 /PRNewswire/ -- The diesel exhaust fluid market size is expected to grow by USD 18,114.37 million during the five-year forecast period, according to Technavio. As per the latest report, the market will progress at a CAGR of 13.14% from 2022 to 2027 according to Technavio. The introduction of new technologies for the reduction of NOX emissions is a primary trend in the market. One of the main market players, BMW has launched its BluePerformance technology, which leverages AdBlue alongside standard diesel particle filters and NOX catalytic converters to reduce NOX emissions in powerful diesel models. Additionally, the partnership between Controlled Power Technologies and Technische Universitat Wien has led to the launch of SpeedStart, a 48-volt switch reluctance starter generator that allows instant regenerative braking and torque assist while minimizing NOX emissions without compromising fuel economy and CO2 emissions. Hence, such factors are expected to drive market growth during the forecast period. View new Sample Report within minutes!

Key Drivers-

Increasing production of vehicles drives market growth during the forecast period. The automotive industry is the primary consumer of diesel, and the market is segmented based on the various vehicles that use Diesel Exhaust Fluid (DEF). The market is experiencing rapid growth due to factors like urbanization, modernization, population growth, and increasing disposable income. Furthermore, developing countries in the Asia-Pacific (APAC) region, particularly China and India, are major producers of automobiles, resulting in high demand for automotive products. Additionally, the economic recovery in the United States and Europe is expected to drive increased demand for automotive products, leading to a higher demand for DEF. Hence, these factors are expected to drive market growth during the forecast period.

Significant Challenge -

A decrease in the demand for diesel engine vehicles is a significant challenge impeding the market. Although diesel engines offer several advantages over gasoline and gas engines, the market for diesel-powered vehicles is projected to decline in the coming decades. The main factor contributing to this decline is the growing environmental pollution caused by harmful exhaust gas emissions from vehicles, particularly those equipped with diesel engines. This environmental concern has led to the implementation of stringent regulations and the imposition of bans on diesel vehicles in countries such as India, China, Germany, the UK, and France. Hence, the decrease in the demand for diesel-engine vehicles will hamper the growth of the market during the forecast period.

Diesel Exhaust Fluid Market 2023-2027: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Air Liquide SA, BASF SE, BRENNTAG SE, Cervantes Distribution Inc., CF Industries Holdings Inc., China Petrochemical Corp., Colonial Chemical Inc., Cummins Inc., Dyno Nobel, Innoco Oil Pte. Ltd., Midtex Oil L.P., MUSKET Corp., Nissan Chemical Corp., Northdale Oil Inc., Novax Material and Technology Inc., Nutrien Ltd., S CCI India Pvt. Ltd., Shell plc, TotalEnergies SE, and Yara International ASA. are some of the major market participants. Although the increasing production of vehicles will offer immense growth opportunities, a decrease in the demand for diesel-engine vehicles will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Company Offering

• Air Liquide SA: The company offers diesel exhaust fluid and related products such as those used in DEF.
• BASF SE: The company offers diesel exhaust fluids such as AdBlue.
• Cervantes Distribution Inc: The company offers diesel exhaust fluids such as AirBlueFluids DEF.

Diesel Exhaust Fluid Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Our diesel exhaust fluid market report covers the following areas:

• Diesel Exhaust Fluid Market size
• Diesel Exhaust Fluid Market trends
• Diesel Exhaust Fluid Market industry analysis
• Diesel Exhaust Fluid Market five forces analysis
• Diesel Exhaust Fluid Market competitive landscape

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

• Vehicle Type
• Commercial vehicles
• Non-road vehicles
• Passenger vehicles,
• Trains
• Packaging
• Bulk
• Cans and bottles,
• IBCs and drums
• Geography 
• North America
• APAC
• South America
• Europe
• Middle East And Africa

The market share growth in the commercial vehicles segment will be significant during the forecast period. The commercial vehicle segment comprises heavy-duty vehicles, including trucks, light commercial vehicles such as vans and small trucks, and passenger-carrying vehicles like buses, coaches, and minibusses. Factors such as high mileage, torque, and compression exhibited by diesel engines are fuelling the preference for diesel engines over gasoline engines in commercial vehicles, including heavy vehicles. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.

To learn more about the impact of different segments on the market growth, Request a Sample PDF Report

Diesel Exhaust Fluid Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist diesel exhaust fluid market growth during the next five years
• Estimation of the diesel exhaust fluid market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the diesel exhaust fluid market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of diesel exhaust fluid market vendors

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Table Of Contents :

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Vehicle Type

7 Market Segmentation by Packaging

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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SOURCE Technavio