The global DEF market is anticipated to grow at a considerable CAGR of 6.9% during the forecast period. One of the most rising segments in the vehicle industry is the SUV segment, which is fueling the growth of the DEF market. SUVs are highly useful and have been increasing as the family vehicle in the past few years owing to the huge interior space, more seats, larger cargo area, and high safety features such as ADAS, Autopilot, and emergency automotive braking, interconnected features, and others. The SUVs are known for having big diesel engines as compared to a sedan, hatchbacks, and others which also generate more NOx gases, hence most governments had implemented rules for installing a DEF system in vehicles with big diesel engines such as SUVs. This makes the SUVs much more efficient and pollution-free compared to the others. The demand has shown the rise in the production, sales, and new launches of the vehicles. As per the Bharat State 6 (BS6) Norms, since April 2020, a vehicle with more than 1,500 cc diesel engine has to have a DEF system in the vehicle to reduce the emission of NOx gases.
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Moreover, to compete in the growing market, companies launched multiple new SUVs such as MG Astor, XUV 700, Skoda Kushaq, Audi Q3, Citroën C21 Compact SUV, Force Gurkha, Maruti Suzuki Jimny, and others. The market is expecting more new launches such as Jeep Meridian, Kia Carens, New-Gen Hyundai Tucson, and others in the upcoming years owing to the projected market growth.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Diesel Exhaust Fluid (DEF) Market Report Segment
By Components
- SCR Catalyst
- Tank
- Injector
- Sensor
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
By End Market
- Original Equipment Manufacturers (OEM)
- Aftermarket
Global Diesel Exhaust Fluid (DEF) Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global diesel exhaust fluid (DEF) market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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