According to
Market Research Future (MRFR), the Adblue Market was valued USD 2650 Million in
2019 and is expected to witness substantial CAGR of 3.5% over the review period
(2020-2027).
AdBlue Market
Anticipated to Grow at Substantial CAGR of 3.5% during 2020 to 2027 | Diesel
Exhaust Fluid Market to Thrive with Surge in the Number of Strict NOx
Regulations, Reveals Market Research Future (MRFR)
Market Research
Future
Key Players
involved in the Adblue/ Diesel Exhaust Fluid Market are Alchem AG, BASF, Bosch,
Daimler AG, Mitsui Chemical, Komatsu, Kruse Automotive, Fiat group automobiles,
Nissan chemical, Shell, Yara, are some of the top vendors in the AdBlue
industry.
According to
Market Research Future (MRFR), the Adblue Market was valued USD 2650 Million in
2019 and is expected to witness substantial CAGR of 3.5% over the review period
(2020-2027).
AdBlue/Diesel
Exhaust Fluid helps bring down the level of air pollution that is caused by
diesel engine. It is also called ARLA 32 or AUS 32 and is sold as AdBlue.
AdBlue can be described as an aqueous urea solution that comprises 67.5%
deionized water and 32.5% urea. The top reason for the bolstered demand for
AdBlue can be the rise in strict NOx emission policies for commercial off-road
engines and truck engines and the fact that engine developers are installing
embedded selective catalytic reduction technology in their vehicles.
AdBlue’s
escalating demand in major end-use industries like marine, aerospace and
automotive, remains one of the key growth boosters in the global industry.
Future Market
Growth Factors:
The AdBlue
industry is thriving backed by the soaring number of carbon emission-based
regulations, growing number of leading automakers following these norms and
booming sales of commercial vehicles as well as passenger cars. The expanding
automotive sector across various countries in Asia Pacific including Japan,
China, Singapore and India along with the introduction of hybrid selective
non-catalytic reduction (SNCR) technology in a number of passenger vehicles
also present attractive opportunities to the top firms in the AdBlue market.
Rapid innovations
in the catalytic technology, rising stringency in government regulations, and
the expanding application scope of AdBlue in automotive, diesel-powered heavy
industrial machinery, agricultural machinery industries also foster the market
demand. On the competitive front, players are battling it out on the basis of
product quality, brand name as well as cost, and are therefore, focusing on
offering high quality AdBlue at lower prices.