Diesel Exhaust Fluid (AdBlue) Market Sluggish Growth Rate Foreseen by 2023-2030

0
23

Diesel Exhaust Fluid (DEF) or AdBlue is an aqueous solution of urea, effective in reducing Nitrogen oxide emissions. It is a popular fluid mix for diesel and gasoline fuel-based vehicles. Diesel exhaust fluid is extensively used in selective catalytic reduction (SCR) and exhaust gas recirculation (EGR) to reduce the emission of nitrogen oxides.

The exhaust gasses are treated with DEF in the exhaust pipe and then converted in the catalyst into Nitrogen (N) & water (H2O). This system in vehicles is called selective catalytic reduction (SCR). With the recent introduction of VI vehicle emission standards (auto fuel emission norms), there would be a massive demand for diesel exhaust fluid, witnessing dramatically increased usages of AdBlue.

Resultantly, diesel exhaust fluid is already a well-established market. According to Market Research Future (MRFR), the global diesel exhaust fluid market is projected to garner a valuation of USD 30,643.9 million by 2028, growing at 8.4% CAGR during the forecast period (2019–2028). In 2018, the AdBlue market valuation had reached USD 13,676.7 million. Passenger vehicle (PV) is the largest segment in the automotive market.

Governments of countries across the globe accentuate CO2 emission values. Simultaneously, rising sales of diesel-powered diesel vehicles, such as SUVs & MPVs, and the sedan segments, including luxury vehicles, boost the market size. Diesel vehicles emit less CO2 than their gasoline counterparts; however, in the SUV segment, the diesel option emits more.

The average diesel vehicle emits more CO2 than the average gasoline vehicle. With the introduction of VI norms, automobile companies are implementing several technical changes in diesel vehicles. They are provisioning for fitting diesel particulate filter, selective catalytic reduction (SCR), and exhaust gas recirculation (EGR). Stringent NOx emission standards for commercial truck engines and off-road engines propel the market growth.

On the other hand, fluctuating prices and the demand-supply gap in raw materials required for AdBlue production are the major factors impeding the growth of the global DEF market. Nevertheless, the rising adoption of embedded selective catalytic reduction (SCR) technology by engine makers would support the market growth throughout the assessment period. Also, the increasing governmental focus on reducing carbon emissions and air pollution caused by a diesel engine would create a substantial demand for AdBlue.

Get a Free Sample PDF Brochure — https://www.marketresearchfuture.com/sample_request/5034

Global Diesel Exhaust Fluid Market — Segments

The DEF market analysis is segmented into two dynamics;

By Technology: Diesel Exhaust Fluid (DEF/AdBlue/SCR Technology), Other Emission Control Technology, Lean NOx Trap (LNT), Exhaust Gas Recirculation (EGR), Diesel Oxidation Catalyst, Others (Diesel Particulate Filter (DPF), Diesel Oxidation Catalyst (DOC), Lean NOx Catalyst (LNC))

By Regions : Europe, Americas, Asia Pacific, and the Rest-of-the-World.

Global Diesel Exhaust Fluid Market — Competitive Analysis

Highly competitive, the DEF market appears stable as far the eyes can see, with just a handful of players forming a competitive landscape. Although less in numbers, these players are fervent and well-established in their core businesses. To gain a larger competitive share in the market, these players incorporate strategic initiatives such as mergers & acquisitions, partnerships, collaboration, product launch, and expansion.

Industry players make substantial R&D investments in developing innovative AdBlue available at affordable costs. They form strategic partnerships to gain a larger competitive share in the market.

Major Players:

Players leading the global DEFAdBlue Industry Applications include Yara (Norway), BASF SE (Germany), Mitsui Chemicals Inc (Japan), and Viscol.co.za (Republic of South Africa), BP p.l.c (UK), Engen Petroleum Ltd (South Africa), Nissan Chemical Corporation (Japan), Borealis AG (Austria), GreenChem (Netherlands), Royal Dutch Shell PLC (The Netherlands), NOVAX Material & Technology Inc (China), and Adeco doo (Siberia), among others.

Industry/ Innovation/ Related News

January 20, 2020 — — Indian Oil Corporation Limited, a leading global oil & gas company, announced the signing of an agreement with Cummins Technologies India Pvt. Ltd. to bulk supply its Diesel Exhaust Fluid (DEF) — IOC ClearBlue, Cummins’s advanced engines with SCR (Selective Catalytic Reduction) systems. Cummins Technologies is a leading global manufacturer & distributor of exhaust after-treatment systems & components for high horsepower engine markets.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Αναζήτηση
Κατηγορίες
Διαβάζω περισσότερα
άλλο
Silicone Rubber Market Competitive Outlook, Growth Tactics, Regional Analysis and Forecast 2032
Reports and Data's Global Silicone Rubber Market research report is an in-depth...
από Shaw Melody 2023-04-21 05:14:32 0 13
άλλο
Fireworks Market Opportunity Assessment, Key Vendor Analysis, Forecast by 2028
The report published on global Fireworks Market is an extensive analysis of the market...
από Adams Mark 2023-09-02 20:11:05 0 1χλμ.
άλλο
Key Fishmeal Market players, And Opportunities To 2030
Market Overview: In addition, The Market Size was valued at USD 8459.5 million in 2021. The...
από Harikaka Itachi 2023-04-04 10:51:01 0 32
άλλο
Natural Gas Generator Market Research 2022 | Industry Growing with Major Key Player Caterpillar Inc., Cummins Inc., Generac Power System
Natural Gas Generator Market Scope A new report titled “Global Natural Gas Generator Market...
από Varsha Varsha 2022-11-02 05:24:28 0 20
άλλο
Mine And IED Detection System Market Insights, Latest Trends, Size, Innovation and Forecast 2030
Mine And IED Detection System Market Mine & IED Detection System Market Size Valued at USD...
από Jaaza Lee 2023-04-14 07:25:42 0 25