Diesel Exhaust Fluid Market Worth 21.57 Billion USD by 2022

PUNE, India, August 16, 2017 /PRNewswire/ --

The report "Diesel Exhaust Fluid Market by Component (SCR Catalyst, DEF Tank, Injector, Supply Module, Sensor), OHV Market by Application (Construction & Agriculture), Aftermarket by Vehicle Type, Supply Mode (Cans, IBC, Bulk & Pump), & by Region - Forecast to 2022", published by MarketsandMarkets™, the Diesel Exhaust Fluid Market is projected to grow at a CAGR of 13.06% from 2017 to 2022, to reach a market size of USD 21.57 billion by 2022. The aftermarket is primarily driven by increasing number of vehicles on the road, stringent emission standards, average miles driven, and frequent re-filling of DEF and other factors.

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Browse through 103 market data tables and 57 figures spread across 180 pages, and an in-depth TOC on "Diesel Exhaust Fluid Market - Global Forecast to 2022"

http://www.marketsandmarkets.com/Market-Reports/diesel-exhaust-fluid-market-155714937.html

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"HCVs to be the largest vehicle type in the Diesel Exhaust Fluid Aftermarket" 

The HCV segment is estimated to hold the largest share of the diesel exhaust fluid aftermarket. The demand for diesel exhaust fluid in HCVs is influenced by the total HCV vehicle parc and the penetration of SCR in the diesel HCVs. According to MarketsandMarkets™ analysis, the heavy commercial vehicle parc has increased from 26.32 million units in 2016 to 26.88 million units in 2017 and is expected to increase further in the future. The increasing vehicle parc can be attributed to the rise in sales of HCVs and the increased average life of vehicles. Furthermore, the SCR penetration in HCVs is also higher as the tailpipe emission regulations were adopted in this vehicle segment much earlier than light duty vehicles. Hence, the diesel exhaust fluid aftermarket is led by the HCV vehicle segment.

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"Pumps supply mode to be the fastest growing segment of the Diesel Exhaust Fluid Aftermarket" 

The pumps supply mode segment is projected to witness the fastest growth during the forecast period. The growth of this segment can be attributed to the various initiatives by government bodies to improve DEF pumps infrastructure. In North America, the number of DEF pumps has increased from 550 in 2012 to 1,700 in 2014, and this number is expected to increase in the future. Despite the high initial investment cost, the government bodies are increasingly focusing on the DEF pumps. Hence, this supply mode is expected to experience the highest growth during the forecast period.