Diesel Exhaust Fluid Market Analysis by Trends, Size, Share, Growth Opportunities, and Emerging Technologies

Comments · 301 Views

The diesel exhaust fluid market was valued at USD 34,763 million in 2022, and it is set to be USD 62,462 million by 2030, growing at a CAGR of 7.60% between 2022 and 2030, according to a research report by P&S Intelligence.

The major reason boosting the development of the industry is the strict pollution rules, which are leading toward the increasing usage of selective catalytic decrease in diesel vehicles. diesel exhaust fluid works as an anti-pollution chemical, dropping the dangerous nitrogen oxide releases from internal combustion engines.

In 2022, the heavy commercial vehicles category had the largest revenue market share of above 50%, and projected to continue with the leading position in the future as well.

Browse detailed report - Diesel Exhaust Fluid Market Analysis and Demand Forecast Report

In past few years, there has been a surge in the concentration on sustainable farming methods. In North American and European nations, there has been a surge in the importance on cleaner fuel to function off-road equipment and agricultural pumps, including combine harvesters and tractors. Like on-roads vehicles, DEF is utilized in farming equipment to decrease the release of damaging gases.

Hence, because of the strict pollution rules, the industry is leading toward the increasing usage of selective catalytic decrease in diesel vehicles, will drive the in future.

 

Comments