Diesel Exhaust Fluid Market by Trend, Share, Size and Streamline Inspection up to 2030
Diesel Exhaust Fluid Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global market, the global diesel exhaust fluid market size is projected to reach USD 11.4 billion by 2030 at a CAGR of 10.0% from USD 7.1 billion.
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Diesel engine exhaust fluid (DEF) is an anti-pollution agent that can inhibit and reduce harmful nitrogen oxide (NOx) emissions from diesel-powered internal combustion engines. The diesel exhausts fluid is standardized as an aqueous urea solution by International Organization for Standardization (ISO). This consumable fluid is used in concurrence with Selective Catalytic Reduction or SCR technology utilized in diesel run vehicles to reduce harmful pollutants emitted from the exhausts.
Regional Analysis
The growth of the aftermarket in the North America region can be attributed to the standardization of diesel exhaust fluid tanks in trucks and buses manufactured in countries such as the US after 2010. Moreover, the demand for commercial vehicles, both, LCVs and HCVs are high in the North America region.
Key Players of Diesel Exhaust Fluid Market
· CF Industries Holdings, Inc.
· Cummins Filtration
· Dyno Nobel
· KOST USA, Inc.
· STOCKMEIER Group
· Old World Industries
· LLC
· The Potash Corporation of Saskatchewan
· Yara International ASA
· Certified DEF
· Blue-Sky Diesel Exhaust Fluid. And More
Recent Developments
The Saudi Arabian Oil Company (Saudi Aramco) and Shell Saudi Arabia (Refining) Limited (Shell) announced that Saudi Aramco acquired Shell’s 50% share of the SASREF Joint Venture in Jubail Industrial City, in the Kingdom of Saudi Arabia, for USD 631 million.
Cummins Inc. introduced innovations which are expected to achieve low Nitrogen Oxide (NOx) emissions in future and enable achieving a reduction in the carbon footprint, at the IAA Commercial Vehicles Show. This innovative system enables further reduction in NOx and PM emissions, while simultaneously improving fuel efficiency.
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