Diesel Exhaust Fluid Market

Market Leader - Diesel Exhaust Fluid Market

The global diesel exhaust fluid market size is projected to grow from projected to reach USD 45.0 billion by 2027 from USD 22.6 billion in 2020, at a CAGR of 10.3%. The increasing number of DEF pumps and increasing average age of vehicles and miles driven are leading to the growth of the diesel exhaust fluid market.

The global diesel exhaust fluid market is dominated by companies like Total (France), Royal Dutch Shell PLC (The Netherlands), Yara International (Norway), BASF SE (Germany), and China Petrochemical Corporation (Sinopec) (China). These companies adopted expansion strategies and used mergers & acquisitions to gain traction in the diesel exhaust fluid market.

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Total is one of the top key players in the diesel exhaust fluid market, owing to its established global presence, supply chain, and strong geographical reach. Total was established in 1928 and is headquartered in Courbevoie, France Total is currently world’s fourth-largest oil and gas company and is also one of the leading company in the solar energy industry. Total 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, upstream, refining & chemicals, integrated gas & power, and marketing & services. The refining & chemicals segment is involved in activities related to the refining of petroleum, petrochemicals, fertilizers, and specialty chemicals. It offers diesel exhaust fluid through its refining & chemicals segment. The company currently operates in more than 130 countries and had approximately 107,776 employees across the globe as of 2019.

Royal Dutch Shell plc is a global group of energy and petrochemical companies founded in 1907, headquartered in Netherlands. The company operates under three business segments, namely, upstream, downstream, and integrated gas. The downstream segment is operational in refining oils into fuels and lubricants, petrochemical production, development of biofuels, business-to-business sales, and alternative energies businesses. The company offers diesel exhaust fluid through its downstream segment. Royal Dutch Shell plc offers heavy duty engine oils and coolants under the brand name, Shell Rotella. The company operates in more than 70 countries and had approximately 83,000 employees as of 2019.

Related Reports:

Diesel Exhaust Fluid Market by Component (SCR Catalyst, DEF Tank, Injector, Supply Module, Sensor), OHV Market by Application (Construction & Agriculture), Aftermarket by Vehicle Type, Supply Mode (Cans, IBC, Bulk & Pump), and Region - Forecast to 2027

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Report Code
AT 5502
RI Published ON
2/16/2021
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