Market Research Future (MRFR) has published on the “Global Diesel exhaust fluid (AdBlue) market”.
The Global diesel exhaust fluid (AdBlue) market is estimated to register a CAGR of 8.57% during the forecast period of 2021 to 2030.
As per Market Research Future (MRFR) analysis the following companies as the key players in the Global diesel exhaust fluid (AdBlue) market — BASF SE, Yara, Mitsui Chemicals Inc, BP p.l.c, Borealis AG, Nissan Chemical Corporation, GreenChem, NOVAX Material & Technology Inc, Royal Dutch Shell PLC and Adeco doo.
Market Highlights
The Global diesel exhaust fluid (AdBlue) market is projected to grow at a CAGR of 8.57% in the forecast period, and the market is expected to reach USD 35,316.55 million by 2030.
Diesel on-road motors play an imperative part within the transportation division, but reliance on diesel-run motors and advances has altogether influenced the environment and thus the human wellbeing. The worldwide utilization of diesel has developed which is majorly driven by the fast development of street cargo action and dieselization of light-weight vehicle armadas. Diesel accounts for almost half of worldwide on-road vitality utilization and is the vital fuel of almost all heavy-duty trucks and for majority of buses, agreeing to the Universal Vitality Office (IEA). The expansive nearness of old diesel motors may be a major concern, as agreeing to the International Agency for Investigate on Cancer (IARC). Mechanical headways have come about within the setting of imperative innovation and arrangement arrangements to address diesel deplete emanations. A few of the advances incorporate diesel particulate channel frameworks, particular catalytic lessening frameworks, a common gas three-way catalyst, and NOx safeguard. The particular catalytic diminishment framework diminishes oxides of nitrogen (NOx) outflows and improves the fuel economy. The specific catalytic framework that is utilized employs a chemical reductant, such as urea, which is commonly known as diesel exhaust fluid (DEF) in the US and Canada, AUS 32 in India, and AdBlue in Europe. This innovative approach in emission control technology is expected to drive the growth of the global market during the estimated period. Emissions from transportation tailpipes have led to adverse health effects on individuals worldwide. Particularly, on-road diesel vehicles and heavy-duty vehicles (HDVs) are significant contributors to exhaust emissions and greenhouse gas emissions. Efforts like the Heavy-Duty Vehicles Initiative (HDVI) established by the Climate and Clean Air Coalition (CCAC) aim to promote the use of clean fuels while adhering to vehicle regulations and policies. Through this initiative, the focus is on ensuring clean emissions and improved fuel efficiency for heavy vehicles worldwide. The implementation of regulations and standards has played a key role in reducing diesel fuel consumption and sulphur content, leading to a more sustainable transportation sector. The Euro standards, as set by the European Parliament, have been instrumental in guiding emissions control measures for new vehicles, contributing to the overall reduction in harmful pollutants released into the atmosphere.
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Segment Analysis
The Global Diesel Exhaust Fluid (ADBLUE) Market segmentation, based on storage tank the market has been segmented as Bulk Storage, Dispensers, Tanks, Portable Containers, Others. The bulk storage solution was estimated to be valued at USD 6,440.08 million in 2020 and is estimated to reach USD 15,160.18 at the end of 2030, by the CAGR of 4.57%.
The Global Diesel Exhaust Fluid (ADBLUE) Market segmentation, the market is broadly categorized into automotive, construction machinery, farm machinery, electronic generators, railway engines, and others. In terms of value, automotive application was estimated to be valued at USD 10,274.57 million in 2020 and is estimated to reach USD 24,550.30 at the end of 2030, by the highest CAGR of 9.27%. The robust growth of the automotive industry in Asia-Pacific, with China leading the production and sales in the region, is driving the growth of the segment in the region.
Regional Analysis
Based on Region, the global diesel exhaust fluid (AdBlue) market has been segmented based on region into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The North America market held the largest share of 57.52% in 2020 due to stringent regulations in the region and automobile and agricultural machinery manufacturers abiding by these regulations, which is expected to increase the consumption of diesel exhaust fluid (AdBlue). The market was valued at USD 9,063.32 million in 2020 and is expected to exhibit a CAGR of 8.42% to reach USD 20,023.98 million by the end of 2030.
Key Findings of the Study
- The Global Diesel Exhaust Fluid (ADBLUE) Market is expected to reach USD 35,316.55 million by 2030 at a CAGR of 8.57% during the forecast period.
- The North America region accounted for the largest market revenue share of 57.52% in 2020.
- Based on Storage Solution, The Bulk Storage segment dominated the global market with the largest revenue share of 40.87% in 2020.
- Based on Application, The Automotive segment dominated the global market with the largest revenue share of 65.21% in 2020.
- The Global Diesel Exhaust Fluid (ADBLUE) Market key players include BASF SE, Yara, Mitsui Chemicals Inc, BP p.l.c, Borealis AG, Nissan Chemical Corporation, GreenChem, NOVAX Material & Technology Inc, Royal Dutch Shell PLC and Adeco doo among others
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Companies Covered | 15 |
Pages | 74 |
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