Diesel Exhaust Fluid Market by Component & by Region

1. MarketsandMarkets Presents • Diesel Exhaust Fluid Market by Component & by Region 2022 https://www.marketsandmarkets.com/Market-Reports/diesel-exhaust-fluid-market-155714937.html

2. The Diesel Exhuast Fluid Market(DEF) is projected to grow at a CAGR of 13.06% during the forecast period, and is projected to reach USD 21.50 billion by 2022. The key factors driving the diesel exhaust fluid aftermarket are stringent emission standards leading to the adoption of selective catalytic reduction (SCR) and thus leading to increase in diesel exhaust fluid  market. Other factors include the increasing vehicle parc and average miles driven owing to the improving infrastructure and concern towards serviving and maintenace of vehicle. The LCV segment is the largest segment of the diesel exhaust fluid market (OE). According to MarketsandMarkets analysis, the number of LCVs equipped with SCR increased from 2.97 million units in 2015 to 3.08 million units in 2016. Other factors influencing the growth of the OE market are the higher tank capacity of LCVs as compared to passenger cars. Furthermore, the penetration of diesel engines and SCR systems is higher in LCVs as compared to passenger cars, as the amount of NOx emitted from LCV engines is more than that emitted from passenger car engines.   Get The PDF Brochure For This Report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=155714937

3. Stringent emission norms and increase in average miles driven to foster the Diesel Exhaust Fluid Market growth. Rising stringency for vehicular emission and fuel efficiency regulations in North America, Europe, and Asian countries is responsible for the increase in diesel vehicles with SCR. Emission regulations in the U.S. and Europe are considered most stringent in the world, in terms of emission limits. Hence, there has been a significant growth in emission control technologies for vehicles in these countries. For example, in Europe, under the Euro III norms, the NOx emission level was set at 5.0 g/kWh, which then declined by around 92% to reach 0.4 g/kWh under Euro VI norms. Owing to such strict targets set under Euro VI norms, OEMs and Tier-1 manufacturers are employing SCR in diesel vehicles. SCR helps in reducing NOx from exhaust gases and keeps the environment safe from harmful pollutants. Additionally, the demand in the DEF aftermarket is influenced by factors such as increasing average age of vehicles, improving infrastructure, growing number of vehicles on the road, average miles driven, replacement cycle of DEF, and growing concern towards vehicle maintenance. Request Sample of the report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=155714937

4. Major Developments in Diesel Exhaust Fluid Market: • Total S.A. announced an investment of USD 1 billion to develop and accelerate the innovation of low emission technologies. The company will finance some of the potential projects. • PotashCorp announced that once the anticipated merger with Agrium (Canada) is complete, the resultant company will be named Nutrien. The ongoing process of regulatory review and approvals for the merger is expected to complete by the third quarter of 2017. • YaraInternational established two new terminals as a part of its continental expansion plan. These new deep-water terminals will help Yara send its DEF to its distributors and fleets on the U.S. coasts. • YaraInternational signed an agreement with Cisa Agro, a Managua-based company, to expand its share in central America by 2020. • GracoInc. developed Graco Blue, a DEF dispensing solution to reduce vehicle emissions in automobiles, buses, heavy-duty trucks, and off-road vehicles. The solution will help prevent contamination of DEF fluid, and provide superior performance for applications with longer runs up to 200 feet. • Don’t miss out on business opportunities in Diesel Exhaust Fluid Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

5. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.  https://www.marketsandmarkets.com/Market-Reports/diesel-exhaust-fluid-market-155714937.html

6. Contact Us Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: sales@marketsandmarkets.comMarketsandMarkets Bloghttp://www.marketsandmarkets.comhttp://twitter.com/marketsmarkets http://www.linkedin.com/company/marketsandmarkets