Diesel Exhaust Fluid (AdBlue) Market Research Report: Information by Technology [Selective Catalytic Reduction (SCR), Lean NOx Trap (LNT), Exhaust Gas Recirculation (EGR), Diesel Oxidation Catalyst and others] and Region (Asia-Pacific, Europe, North America, Latin America and the Middle East & Africa) - Forecast till 2030
New York, United States - January 24, 2022 /MarketersMedia/ —
Diesel Exhaust Fluid (AdBlue) Market is projected to witness healthy growth during the forecast period, 2022-2030. The market was valued at USD 13,676.7 Million in 2018 and is expected to register a CAGR of 8.4% to reach USD 30,643.9 Million by the end of 2028.
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Diesel exhaust fluid (DEF) is a fluid that is used to reduce the air pollution caused by a diesel engine. It is also known by the names AUS 32 or ARLA 32 and marketed as AdBlue. The DEF or AdBlue is an aqueous urea solution made with 32.5% urea and 67.5% deionized water. To meet stringent NOx emission standards for commercial truck engines and off-road engines, most engine makers have installed an embedded selective catalytic reduction (SCR) technology in the diesel vehicles, which requires DEF to operate. AdBlue is filled in a separate tank in vehicles with SCR technology. DEF is injected in the selective catalytic reduction (SCR) system, where it is heated in the exhaust stream and decomposes into ammonia and COâ‚‚. When the NOx from the engine exhaust stream reacts inside the catalyst with the ammonia, the harmful NOx molecules in the exhaust stream are converted to harmless nitrogen and water, which are then released from the tailpipe of the vehicle. Typically, a diesel engine requires about 3% DEF of the fuel.
Key Players:
BASF SE (Germany)
Yara (Norway)
Mitsui Chemicals Inc (Japan)
BP p.l.c (UK)
Viscol.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)
and Adeco doo (Siberia)
are a few of the Key Players operating in the Global Market.
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Intended Audience
Adblue (DEF) manufacturers
Suppliers and traders
Government, associations, and industrial bodies
Investors and trade experts
Consulting in Bronze experts
Market Dynamics
The Global Diesel Exhaust Fluid (AdBlue) Market is projected to witness healthy growth and register a CAGR of 8.4% during the forecast period, 2019–2028. The prominent factors driving the growth of the market are the increase in the adoption of carbon emission norms by the automotive manufacturers and the increase in the sale of passenger cars and commercial vehicles across the globe. However, the gradual adoption of electric vehicles and mass of production of e-vehicles is expected to hamper the growth of diesel-powered vehicles in the coming years, thereby hampering the growth of the diesel exhaust fluid (AdBlue) market during the assessment period. Nevertheless, the rapidly growing automotive industry in countries in Asia-Pacific such as China, Japan, India, and Singapore coupled with the development of hybrid selective non-catalytic reduction (SNCR) and adoption of SCR technology in passenger vehicles are likely to boost the demand for AdBlue and create lucrative opportunities for the players operating in the global market.
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Regional Analysis
The Global Diesel Exhaust Fluid (Adblue) Market has been divided based on region into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.
The global diesel exhaust fluid (AdBlue) market is studied across five key regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The market in North America held the largest market share in 2018 and is projected to exhibit a healthy CAGR of around 8.0% during the forecast period. However, the market in Asia-Pacific for DEF (AdBlue) is expected to grow at the highest CAGR of over 9.0%, which is mainly due to high growth in demand for the product is rapidly growing automotive industry in this regional market.
The market in Asia-Pacific held the largest market share of over 35% in 2018 and is projected to exhibit a healthy CAGR of over 8.5% during the forecast period. This is mainly attributed to the increasing stringency of vehicular emission regulations by the local governments in major economies, namely, China, India, and Indonesia. Additionally, the robust growth of the automotive industry in this region is expected to fuel the demand for the various emission control technologies to meet the global and domestic emission standards.
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Segmentation
The Global Diesel Exhaust Fluid Market has been segmented by Technology and Region.
Based on Technology, the global diesel exhaust fluid market has been segmented into diesel exhaust fluid (DEF/AdBlue/SCR Technology) and other emission control technology lean NOx trap (LNT), exhaust gas recirculation (EGR), diesel oxidation catalyst, and others. The diesel exhaust fluid segment is expected to register a CAGR of over 8.0% during the forecast period. Diesel exhaust fluid (DEF) is a liquid used to reduce air pollution caused due to the diesel engine. It is also known by the names AUS 32, ARLA 32, and marketed as AdBlue. The DEF or AdBlue is an aqueous urea solution made with 32.5% urea and 67.5% deionized water. The other emission control technologies segment has been sub-segmented into lean NOx trap (LNT), exhaust gas recirculation (EGR), diesel oxidation catalyst, and others. The LNT segment held the largest market share of over 45.0% and is estimated to be valued at around USD 55.0 billion in 2018.
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