“According to the United States Environmental Protection Agency First, the Environmental Protection Agency (EPA) is adopting minimum maintenance intervals for replenishment of consumable chemical reductant (commonly known as diesel exhaust fluid, or DEF) in connection with the use of selective catalytic reduction (SCR) technologies. Second, EPA is adopting provisions allowing manufacturers of no road engines to give operators the means to obtain short term relief from emission controls while operating in emergency situations, such as those where operation of a no road engine or equipment is needed to protect human life, and where obtaining short-term relief from emission controls enables such operation. Third, EPA is adopting minor revisions to the direct final rule for emergency vehicles that became effective August 7, 2012.”
The article cited AMA's "Global Diesel Exhaust Fluid Market Study" explored substantial growth of 12.92%. According to the report, Technological Advancement to Control Toxic Emissions from Diesel Combustion Engines
is one of the primary growth factors for the market. Increasing Sales of SRC Equipped Diesel Engine Vehicles
is also expected to contribute significantly to the Diesel Exhaust Fluid market. Overall, applications of Diesel Exhaust Fluid, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Vehicle Type, such as Passenger Cars, is boosting the Diesel Exhaust Fluid market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Supply Mode, such as Cans, is boosting the Diesel Exhaust Fluid market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Component, such as SCR Catalyst, is boosting the Diesel Exhaust Fluid market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Diesel Exhaust Fluid market identified that the demand is rising in many different parts of the world as "Increasing Demand for DEF Filing Pumps
". Furthermore, some recent industry insights like "In August 2020, ZF has launched the new WABCO Diesel Exhaust Fluid (DEF) which is essential for the smooth and hassle-free operation of Selective Catalytic Reduction (SCR) after-treatment systems used to meet BS-VI standards." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Diesel Exhaust Fluid market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Diesel Exhaust Fluid market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Diesel Exhaust Fluid market size is calculated using market estimation process, the Diesel Exhaust Fluid market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Diesel Exhaust Fluid market size has been validated using both top-down and bottom-up approaches.