The global DEF market is anticipated to grow at a considerable CAGR of 6.9% during the forecast period. One of the most rising segments in the vehicle industry is the SUV segment, which is fueling the growth of the DEF market. SUVs are highly useful and have been increasing as the family vehicle in the past few years owing to the huge interior space, more seats, larger cargo area, and high safety features such as ADAS, Autopilot, and emergency automotive braking, interconnected features, and others. The SUVs are known for having big diesel engines as compared to a sedan, hatchbacks, and others which also generate more NOx gases, hence most governments had implemented rules for installing a DEF system in vehicles with big diesel engines such as SUVs. This makes the SUVs much more efficient and pollution-free compared to the others. The demand has shown the rise in the production, sales, and new launches of the vehicles. As per the Bharat State 6 (BS6) Norms, since April 2020, a vehicle with more than 1,500 cc diesel engine has to have a DEF system in the vehicle to reduce the emission of NOx gases.
Browse the full report description of “Diesel Exhaust Fluid (DEF) Market Size, Share & Trends Analysis Report by Components (Selective Catalytic Reduction (SCR) Catalyst, Tank, Injector, and Sensor), by Vehicle Type (Passenger Vehicles and Commercial Vehicles), and by End Market (Original Equipment Manufacturers (OEM) and Aftermarket) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/diesel-exhaust-fluid-def-market
Moreover, to compete in the growing market, companies launched multiple new SUVs such as MG Astor, XUV 700, Skoda Kushaq, Audi Q3, Citroën C21 Compact SUV, Force Gurkha, Maruti Suzuki Jimny, and others. The market is expecting more new launches such as Jeep Meridian, Kia Carens, New-Gen Hyundai Tucson, and others in the upcoming years owing to the projected market growth.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Components
o By Vehicle Type
o By End Market
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including BASF Group, Brenntag SE, Shell group, Sinopec Lubricant Co., TotalEnergies Lubrifiants, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Diesel Exhaust Fluid (DEF) Market Report Segment
By Components
By Vehicle Type
By End Market
Global Diesel Exhaust Fluid (DEF) Market Report Segment by Region
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
• Latin America
• Middle East & Africa
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