DEF market is anticipated to grow at a considerable CAGR of 6.9% during the forecast period. DEF or AdBlue is a colorless, odorless, and non-flammable mixture of ammonia and de-ionized water with a 32.5% concentration of ammonia. Its application is to reduce NOx gases from the emission of a vehicle with the help of an SCR catalyst, tank, injector, and sensor. It also aids in breaking nitrogen and oxygen bond by combining nitrogen with nitrogen, and oxygen with hydrogen which emits nitrogen, and water vapors. This further supports reducing NOx gases to a great extent which are highly harmful to humans. This has increased the demand for the system in the automobile industry and witnessed a decent future potential in the market.
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The COVID-19 pandemic had impacted most of the industries in the market. The spread of the virus led most governments across the globe to impose a lockdown that strictly restricted the use of vehicles. All this led to a decrease in the demand, and production activities in the diesel exhaust fluid market. As per the data of Organisation Internationale des Constructeurs d’Automobiles (OICA) 2020, the production of vehicles declined by 16% across the globe as compared to the production in 2019. Sales of the vehicles also declined by more than 13% in 2020. However, as the situation got normal the market grew considerably. As per the data of OICA 2021, the production of vehicles grew by 3% as compared to 2020.
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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
Market Segmentation
Global Diesel Exhaust Fluid (DEF) Market by Components
- Selective Catalytic Reduction (SCR) Catalyst
- Tank
- Injector
- Sensor
Global Diesel Exhaust Fluid (DEF) Market by Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
Global Diesel Exhaust Fluid (DEF) Market by End Market
- Original Equipment Manufacturers (OEM)
- Aftermarket
Regional Analysis
- 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
Company Profiles
- API
- Blue Sky Diesel Exhaust Fluid
- CF Industries Holdings, Inc.
- Cummins Inc.
- Incitec Pvt. Ltd. (Dyno Nobel)
- KOST USA, Inc.
- Old World Industries, LLC
- Stockmeier Holding GmbH
- Yara International ASA
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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