Market Leaders - Diesel Exhaust Fluid Market
The global diesel exhaust fluid market size is projected to grow from projected to reach USD 50.0 billion by 2027 from USD 34.4 billion in 2022, at a CAGR of 7.8%. The growth of this market can be attributed to the stringent emission regulations leading to increased penetration of diesel SCR vehicles.
The global diesel exhaust fluid market is dominated by companies like TotalEnergies (France), Shell PLC (The Netherlands), BASF SE (Germany), China Petrochemical Corporation (Sinopec) (China) and Brenntag AG (Germany). These companies adopted expansion strategies and used mergers & acquisitions to gain traction in the diesel exhaust fluid market.
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Shell plc, founded 1907, is a group of petrochemical and energy companies headquatered in the Netherlands. The company generated more than USD 260 billion in revenue in 2021. The company operates business segments namely, Integrated gas, Upstream, Oil Products, Chemicals and corporate. The chemicals business segment is responsible for the production and sales of the Diesel Exhaust Fluid. Shell plc provides heavy duty engine oils, lubricants and coolants under its brand named Shell Rotella, under the same brand the company markets and sells its DEF product. The company has widespread distribution network spanning in more than 70 countries while employing 82,000 employees worldwise as of 2021.
TotalEnergies, headquatered in Courbevoie in France is one of the leading player in the Diesel Exhaust Fluid market. The company has widespread supply chain network comprising of an array of suppliers in distributors globally. TotalEnergies currently comes at the 4th place in the Oil and as industry worldwide. TotalEnergies explores, develops, produces, and markets oil and gas. It is also engaged in trading and shipping of crude oil and petroleum products The company operates under various segments, namely, Integrated Gas, Renewables & Power, Exploration & Production, Refining & Chemicals, and Marketing & Services. Refining and Chemicals segment is responsible for producing and distributing DEF. The company has a geographical footprint in more than 130 countries, employiny more than 100,000 employees worldwide as of 2021.
BASF SE was established in 1865 and is headquartered in Ludwigshafen, Germany. The company operates through chemicals, performance products, functional materials & solutions, agricultural solutions, oil & gas, and other business segments: The performance products segment has been further divided into subsegments, namely, care chemicals, dispersions & pigments, performance chemicals, and nutrition & health. The company offers diesel exhaust fluid through the chemicals subsegment. The company operates in more than 80 countries and had 111,047 employees as of 2021.
Related Reports:
Diesel Exhaust Fluid Market by Component (SCR Catalysts, DEF Tanks, Injectors, Supply Modules, Sensors), OHV Market by Application, Aftermarket by Vehicle Type, Supply Mode (Cans, IBCs, Bulk & Pumps), End Use Market and Region - Global Forecast to 2027
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