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Global Exhaust Fluid Market to Reach $62 Billion in 10 Years

International. According to a recent report by Transparency Market Research, Inc., the market is expected to grow at a CAGR of 5.1% between 2024 and 2034, reaching $62.1 billion by 2034.

The expansion of DEF charging infrastructure at fuel stations and specialized service centers is making it easier for vehicle operators to access and use DEF.

According to the study, fleet operators are increasingly adopting the use of DEF to comply with emissions regulations, reduce operating costs, and improve the efficiency of their vehicles, thereby driving the growth of the market.

In addition, the integration of telematics with DEF systems enables real-time monitoring and management of DEF levels and consumption, improving efficiency and regulatory compliance. Manufacturers have opportunities to develop and offer innovative DEF solutions, such as biodegradable and high-purity DEF, that can appeal to environmentally conscious consumers.

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Collaborations between DEF producers, vehicle manufacturers and service providers can lead to the development of integrated solutions and improve market penetration. The growth of the logistics and transportation sector, driven by e-commerce and globalization, is leading to increased demand for diesel trucks and, consequently, DEF.

Key findings from the report

  • Research and development into alternative DEF formulations that improve efficiency and reduce costs are becoming more common.
  • The expansion of DEF supply and recharging infrastructure in rural areas, where agricultural and off-road diesel vehicles are commonly used, presents significant growth opportunities.
  • Public-private partnerships for the establishment of DEF manufacturing and distribution facilities can help expand market reach and improve supply chain efficiency.

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