Diesel Exhaust Fluid is a fluid which consists of high purity urea and de-ionized water mixed in a 1:2 solution, as this is required for the operation of selective catalyst reduction (SCR) technology. The fluid is colorless, non-flammable, non-toxic, and is harmless to any living being, however it is not a fuel additive. The global diesel exhaust fluid market is growing at a good pace and projected to witness a significant growth in the coming years, due to the increasing production of vehicles and to reduce the environment impact.

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Selective catalyst reduction technology is among the major technology which is used in this type of solutions, as it reduce the emission from exhaust system. The solution of urea is consumed through the technology, which is then sprayed into the system. After that, the solution is burnt at high temperature which reduces the nitrogen oxides produced by diesel engines.

On the basis of storage solution, the diesel exhaust fluid market is segmented into bulk storage tanks, portable containers, dispensers, and others. Among all these, bulk storage tanks hold the largest share in the overall market. These tanks can hold 300 to 4,000 gallons of fluid. They are designed to support truck fleets of different sizes which provide easy refill access at the facility. Along with that, bulk storage tanks are made up of polyethylene plastic, stainless steel or fiberglass polyester, which ensures the quality of fluid, is protected.

Based on vehicle type, the diesel exhaust fluid market is classified into passenger vehicle and commercial vehicle. Commercial vehicles hold the largest market share in the market, owing to the rise in the rise of commercial vehicle activities.

On the basis of application, the diesel exhaust fluid market is classified into original equipment manufacturer (OEM), and aftermarket. Among these two, aftermarket accounted for the larger share in the market, due to the increasing production vehicles and high penetration of vehicles with selective reduction technology.

Europe is the largest contributor in the diesel exhaust fluid market, which is anticipated to register a robust growth during the forecast period. According to European Automobile Manufacturers Association, more than 60% of passenger cars are run on diesel on European roads. This is attributed to the increasing demand of consumers for improved fuel efficiency which has encouraged the car buyers to invest in diesel engine vehicles, resulting in the market growth due to the increasing demand. Also, with a regulatory pressure for the improvement of air quality, manufacturers are also working toward improving the vehicle emission quality.

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Key players in the diesel exhaust fluid industry are investing significantly in the market in order to develop innovative solutions and capture a strong position in the market. Yara International, China Petrochemical Corporation, CF International Holdings, Inc., Total S.A., BASF SE, Nissan Chemical Industries, Ltd. and Shaw Development LLC, Agrium Inc., Cummins Inc., and Royal Dutch Shell plc are some of the major players operating in the diesel exhaust fluid market.

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