Market Overview
According to the global market analysis, the Adblue Market was valued at USD 2650 Million in 2019. The global market is expected to witness a substantial CAGR of 3.5% during the review period.
AdBlue/Diesel Exhaust Fluid helps bring down the air pollution caused by diesel engines. It is also known as ARLA 32 or AUS 32 and is sold as AdBlue. AdBlue can be understood in the form of an aqueous urea solution that comprises 67.5% deionized water and 32.5% urea.
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The top reason for the bolstered demand for AdBlue is the rise in strict NOx emission policies for commercial off-road engines and truck engines and the fact that engine developers install 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 critical growth boosters in the global industry.
The COVID-19 pandemic outbreak has had a severe effect on the AdBlue market, in the form of weakened demand for diesel, a ban on traveling, lockdown mode, and a fall in retail and hospitality industries. Therefore, the outbreak of novel coronavirus has slowed down the growth rate of the global AdBlue industry. Since the AdBlue market trends are used during the running of vehicles and lower freight activity, reduced diesel consumption translates into slackened AdBlue use.
Rapid innovations in catalytic technology, rising stringency in government regulations, and the expanding application scope of AdBlue in automotive, diesel-powered heavy industrial machinery, and agricultural machinery industries also foster the market demand. On the competitive front, players are battling it out based on product quality, brand name, and cost and are, therefore, focusing on offering high-quality AdBlue at lower prices.
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Market Segmentation
The global Adblue market for AdBlue can be distributed into type, usage method, and application.
Types of AdBlue are Equipment, Packaging, Tank, followed by others like Cans, Pistol, Drums, Pump, and Containers. The packaging segment is most likely to secure the lead over the review period, considering the packaging sector's rapid expansion and the rise in product innovations.
The key segments can be EGR, Post-combustion, and SCR depending on the usage method. The post-combustion segment is set to clinch the top position on account of the accelerated use of heavy vehicles, like taxis, railways, and lorries.
Applications are Commercial and Railway Vehicle.
Regional Analysis
Europe is the most bankable market for AdBlue, given the high deployment rate of heavy, light, and medium-duty on-road vehicles and passenger cars. The high number of industries that use non-road mobile types of machinery like manufacturing, agriculture, mining equipment, and forestry also benefits the market. The mounting need to improve the air quality has compelled the European Union (EU) region to implement legislative measures to bring down emissions from various mobile sources.
Some of the prominent players in the AdBlue market are Daimler AG, Mitsui Chemical, and others like Komatsu, Kruse Automotive, and Fiat group automobiles.
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Industry News
In December 2020, GreenChem, which is one of Europe's biggest AdBlue developers and distributors, had installed as many as 249 dual units in various service stations in Spain. The company's major focus is on installing dual bulk AdBlue supply equipment for light and heavy vehicles and has over 20 AdBlue manufacturing units in Europe and Brazil.
Table of content:
1 Report Excerpts
2 Market Definition
2.1 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.2 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Forecast
3.5 Forecast Model
4 Forecast Indicators
4.1 Drivers
4.2 Restraints
4.3 Opportunity
4.4 Trends
4.5 Macroeconomic Indicators
5 Market Analysis
5.1 Value Chain/Supply Chain Analysis
5.2 Porters' Five Forces Analysis
5.3 Pricing Analysis In (2014-2027)
5.4 Historical Market Analyses (2011-2015)
6 Ad Blue Market Value & Volume Forecast (2015-2027) (USD $Million)
6.1 Introduction
6.2 Ad Blue Market (USD $Million) (2011-2015)
6.3 Ad Blue Market (USD $Million) (2016-2027)
6.4 Ad Blue Market Share Analysis By Price (2011-2015)
6.5 Ad Blue Market Units (2011-2015)
6.6 Ad Blue Market Units (2016-2027)
6.7 Ad Blue Market Cost Analysis (2011-2015)
6.8 Ad Blue Market Gross Margin Analysis (2011-2015)
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