Diesel Exhaust Fluid Market Worth 21.57 Billion USD by 2022 - Seite 2

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"North America expected to be the largest market for Diesel Exhaust Fluid Aftermarket" 

North America is estimated to be the largest aftermarket for DEF during the forecast period. The U.S., Canada, and Mexico collectively account for the highest number of vehicles on the road. According to MarketsandMarkets™ analysis, the number of vehicles on the road in the U.S. will increase from 264.2 million units in 2015 to 289.4 million units by 2022. In addition, with the implementation of stringent Tier 2 emission regulations in 2010, 95-98% of the HCVs in the U.S. are already equipped with SCR systems. Thus, the diesel exhaust fluid aftermarket is the largest in this region.

The diesel exhaust fluid market is dominated by a few global players. Some of the key manufacturers operating in the market are Yara International (Norway), China Petrochemical Corporation (Sinopec) (China), CF International Holdings, Inc. (U.S.), Total S.A. (France), and BASF SE (U.K.). There are certain key innovators gaining attention in the diesel exhaust fluid market including Nissan Chemical Industries, Ltd. (Japan) and Shaw Development LLC (U.S.).

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