Diesel Exhaust Fluid Market Growth Accelerated by Rising Demand for NOx Emissions Reduction

 

Diesel exhaust fluid, commonly known as DEF or AdBlue, is an aqueous urea solution that is injected into the exhaust stream of diesel engines equipped with selective catalytic reduction (SCR) systems. DEF helps convert nitrogen oxides (NOx) present in diesel exhaust gases into nitrogen, water, and tiny amounts of carbon dioxide through catalytic reaction. With governments of various countries enacting stringent regulations to curb NOx emissions from diesel-powered vehicles and equipment, the demand for DEF has witnessed strong growth over the past few years. The global diesel exhaust fluid market is estimated to be valued at US$ 11.60 Mn in 2023 and is expected to exhibit a CAGR of 7.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The rising demand for NOx emissions reduction from diesel engines is one of the key factors fueling the growth of the diesel exhaust fluid market. Stringent emission norms enacted by regulatory bodies like the Environmental Protection Agency (EPA) have compelled diesel engine manufacturers to equip vehicles with selective catalytic reduction systems that require diesel exhaust fluid to effectively lower NOx levels in the exhaust. Growing sales of diesel vehicles complying with the new emission standards will bolster the consumption of DEF across regions in the coming years. This, along with increasing focus of automakers and consumers on reducing vehicular pollution, is projected to favor the market expansion through 2030.

Segment Analysis
The global diesel exhaust fluid market is dominated by the automotive segment. The automotive sub-segment holds around 80% share of the overall market as diesel exhaust fluid or AdBlue is mandatory for selective catalytic reduction (SCR) systems installed in diesel vehicles to lower NOx emissions. SCR systems rely on dosing diesel exhaust fluid into the exhaust stream to convert nitrogen oxides (NOx) into harmless nitrogen and water vapor. With rising installation of SCR systems across commercial vehicles, buses, trucks and other diesel passenger cars worldwide, demand for diesel exhaust fluid from the automotive sector has been steadily increasing.

Key Takeaways
The global diesel exhaust fluid market is expected to witness high growth during the forecast period of 2023-2030.

Regional analysis shows that Asia Pacific dominates the market currently and is expected to remain the fastest growing as well as the largest regional market during the forecast period. The Asia Pacific diesel exhaust fluid market is driven by strong demand from China, India and other developing nations owing to rising vehicle ownership and stringent emission norms.

Key players operating in the diesel exhaust fluid market are Yara International, BASF SE, CF Industries Holdings Inc., Agrium Inc., Cummins Inc., Shell ROTELLA (Royal Dutch Shell Inc.), Mitsui Chemicals Inc. and KOST USA. 

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