Adblue market forecast 2023: Global Industry Future, Demand-Supply and Regional Growth Analysis to 2030

     

Adblue Market is projected to be worth USD 38 Billion by 2030, registering a CAGR of 5.9% during the forecast period (2022–2030), The market was valued at USD 27.55 billion in 2021.

Market Scope

The Adblue market forecast is expected to reach a stellar valuation owing to the increasing sales of diesel vehicles. Gas levels of nitrogen oxide, carbon monoxide, and hydrocarbon can be reduced via the selective catalytic reduction (SCR) process. Its classification as a non-accord dangerous routier (ADR) fuel as well as its harmlessness to the environment can bode well for its future demand. Applications of AdBlue for heavy vehicles and passenger vehicles can play a pivotal role in its growth.

Regulations and standards for lowering vehicle emissions as well as rollout of new legislation can bode well for the global AdBlue market. Automotive manufacturers in Europe have created an active exhaust-gas treatment for converting the fuel into harmless water and nitrogen. Launch of diesel-based vehicles for commercial use is likely to be beneficial to the market. For instance, Volkswagen has launched a new twin-dosing SCR technology for its diesel cars in adherence to Euro 6 standards.

But the development of electric vehicles can hamper the global AdBlue market growth.

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Segmentation

The global AdBlue market is segmented by type, usage method, and application.

By type, it is segmented into equipment (adaptors, tanks, filling equipment, pumps, pistols), packaging (cans and drums, packets, containers), and others.

By usage method, it is segmented into pre combustion (swirl and reduction of oil consumption, inter cooling), post combustion (EGR, SCR, particulates filters), and others.

Applications of AdBlue are railways, commercial vehicles, cars and passenger vehicles, non-road mobile machines, and others. Cars and passenger vehicles are bound to generate the maximum revenue for the market owing to the high sale numbers of these vehicles. Latest environment legislations adhered by these manufacturers to lower emission levels of poisonous fumes can drive the segment growth.

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Regional Analysis

Competitive Outlook

Shell, Bosch, Kruse Automotive, Alchem AG, Fiat group automobiles, Nissan chemical, Mitsui Chemical, Daimler AG, Yara, BASF, Komatsu, and others are key players of the global AdBlue market.

The regional analysis of the global AdBlue market touches on Asia Pacific (APAC), Americas, Europe, Middle East (ME), and Rest-of-the-World (RoW).

Europe can dominate the global market due to the heavy consumption in diesel-based passenger and heavy vehicles. Concerns for the environment and rise in global warming can fuel the use of the exhaust fluid in vehicles in the region.

The APAC AdBlue market is driven by rapid urbanization, awareness of fuel combustion and its impact on the environment, and government initiatives for the growth of the automotive sector. China and Japan are the biggest contributors to the regional market due to stringent regulations by the government and emergence of new techniques. The demand for the fluid for agricultural equipment such as tractors, harvesters, and pumps can act as new revenue source for the market.

In Americas, North America can contribute to the market owing to presence of major automotive manufacturers and establishment of urea plants. The urea production plants can act as a source for the manufacture of AdBlue. The promotion of AdBlue in different regions according to the vehicles driven by the masses can contribute to the regional market. For instance, it is marketed as ARLA-32 in Brazil.

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