Global Diesel Exhaust Fluid Market 2018-2022
About Diesel Exhaust Fluid
DEF is a blended aqueous solution composed of 32.5% high-purity urea and 67.5% de-ionized water. DEF is used in the reduction of NOx emissions from diesel engines and is added to selective catalytic reduction systems in which harmful exhaust gas emissions are treated.
Technavio’s analysts forecast the global diesel exhaust fluid market to grow at a CAGR of 12.85% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global diesel exhaust fluid market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Diesel Exhaust Fluid Market 2018-2022
Technavio recognizes the following companies as the key players in the global diesel exhaust fluid market: BASF, CF Industries Holdings, Cummins, Shell International, Total, and Yara.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is M&A in the DEF market. The increase in the demand for DEF has urged the manufacturers to expand their distribution reach and increase their production capacities.”
According to the report, one driver in the market is rising health and environmental concerns due to NOx emissions. NOx is a family of poisonous, highly reactive gases. The NOx emissions are caused by various reasons, primarily by the use of diesel engine vehicles. The popularity of diesel engines increased owing to the high prices of petrol and less emission of carbon dioxide.
Further, the report states that one challenge in the market is decrease in the demand for diesel engine vehicles. Despite the various advantages that diesel engines have in comparison to gasoline and gas engines, the market for diesel engine cars is expected to decrease in the forthcoming decades.
BASF, CF Industries Holdings, Cummins, Shell International, Total, and Yara.