Pune, India, Dec 2022, MRFR Press Release/Market Research Future has published a Cooked Research Report on the Global Diesel Exhaust Fluid (AdBlue) Market.
Diesel Exhaust Fluid (DEF), helps diesel engines emit less air pollution. It is marketed under AUS 32 and ARLA 32 in addition to AdBlue. The automotive industry uses DEF or AdBlue. An aqueous phase of 67.5% deionized water and 32.5% urea. Hydrogenated ethanol is also needed to power large truck motors and off-road engines with SCR technology to meet strict nitrogen oxide regulations.
Global pollution reduction standards are why diesel exhaust fluid (adblue) is growing in demand with diesel exhaust fluid market share.
The ozone layer, which shields the globe from the sun's harmful rays, is impacted by greenhouse gasses (GHGs) trapped in the atmosphere, which causes gradual heating. Carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), and fluorinated gasses are the main GHGs (hydrofluorocarbons, perfluorocarbons, sulfur hexafluoride, and nitrogen trifluoride). CO2 is released when fossil fuels like coal, natural gas, and oil are burned, especially in the transportation industry. The World Health Organization estimates that outdoor air pollution causes around 4.2 million premature deaths annually, with black carbon (BC) playing a prominent role.
The US Environmental Protection Agency (EPA) estimates that 29% of the world's emissions of greenhouse gasses (GHGs) in 2017 came from the transportation sector. Numerous organizations have imposed standards on exhaust emissions due to excessive GHG output. According to data published by the European Union (EU), the transportation segment that involves roads consumes the most energy, 82%, while the segments that involve aircraft, rail, pipeline transport, and general transportation each use 18%. As a result, vehicle emissions are a major source of GHG emissions.Market Segmentation
Based on technology, the diesel exhaust market is segmented into Selective Catalytic Reduction (SCR), Lean NOx Trap (LNT), Exhaust Gas Recirculation (EGR), Diesel Oxidation Catalyst, and others.
Based on application, the market is further segmented into Automotive, Construction Machinery, Farm Machinery, Electronic Generators, Railway Engines, and Others.
Regional Analysis
According to the diesel exhaust fluid market forecast, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are the five primary regions analyzed while analyzing the global diesel exhaust fluid (AdBlue) market. The North American market, which in 2020 had the greatest diesel exhaust fluid market share, is anticipated to exhibit a robust CAGR throughout the forecast period.
The market for diesel exhaust fluid (AdBlue) in Asia-Pacific is anticipated to develop at the greatest CAGR, primarily because of the diesel exhaust fluid market trends. The primary reason anticipated to spur the market's growth is the rising demand for AdBlue in end-use sectors, including marine, automotive, and aerospace.
Additionally, fueling the market for diesel exhaust fluid are tightening emission laws for greenhouse gasses (GHGs) and rising consumer demand for the product in the automobile sector. However, the main factors anticipated to restrain the growth of the market during the forecast period include the fluctuating prices of raw materials like urea and the rising demand for electric vehicles globally. The robust rise of this product or SCR technology is primarily related to the system's cost-effectiveness and the tightening of international emission limits against detrimental environmental effects.
Key Players
The companies that are contributing to the market and keeping up with the diesel exhaust fluid market trends are:
- BASF SE (Germany)
- Yara (Norway)
- Mitsui Chemicals Inc (Japan)
- BP p.l.c (UK)
- co.za (Republic of South Africa)
- Engen Petroleum Ltd (South Africa)
- Borealis AG (Austria)
- Nissan Chemical Corporation (Japan)
- GreenChem (Netherlands)
- NOVAX Material & Technology Inc (China)
- Royal Dutch Shell PLC (The Netherlands)
- Adeco doo (Siberia)
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Companies Covered | 15 |
Pages | 100 |
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