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.

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 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.

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.

They are designed to support truck fleets of different sizes which provide easy refill access at the facility.

Commercial vehicles hold the largest market share in the market, owing to the rise in the rise of commercial vehicle activities.

The diesel exhaust fluid market is classified into passenger vehicle and commercial vehicle.

Basis of application, the diesel exhaust fluid market is classified into original equipment manufacturer (OEM), and aftermarket.

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The government of various countries has imposed various rules and regulation to encourage the use of this fluid, which is driving the market growth. For instance, American Petroleum Institute launched a diesel exhaust fluid certification program, which is designed to certify and monitor the characteristics of diesel exhaust fluid in motor vehicles and diesel engines.

The major factors driving the diesel exhaust fluid market and contributing towards the market growth are increasing use of selective catalyst reduction technology, stringent government regulations, and increase in the vehicle production.

The penetration and adoption of electric vehicles is increasing at a fast pace in the developed countries such as Germany, Norway, and others, which is hindering the demand of the fluid in the market.

Fluctuating cost of urea and diesel prices and increasing penetration of electric vehicles are the major restraints identified in the diesel exhaust fluid market.

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.

Source: VynZ Research