AdBlue Market Report provides separate comprehensive analytics for the US, Canada, Japan, Europe, China, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2016 through 2024. Also, a five-year historic analysis is provided for these markets.
AdBlue Market Prognosticated To Accrue With a Whooping CAGR by 2027
Industry/ Innovation/ Related News:
The key strategies followed by most companies within the global Ad Blue Market are that of new product development.
On November 2017, Yara International acquired leading nitrogen provider Agronomic Technology Corp (ATC), in U.S. so as to improve the sustainability of farmer profitability.
On February 2015, Cummins Filtration had introduced Lube filtration for ISX15 diesel engines. This development will bring change in the performance of heavy-duty diesel engine market.
In 2015, Brenntag entered in the agreements to acquire J.A.M. Distributing Company, LLC and G.H. Berlin-Windward to provide services to industrial, commercial, automotive, and marine end markets.
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Key Players:
Shell, BASF, Bosch, Daimler AG, Fiat group automobiles, Nissan chemical, Komatsu, Kruse Automotive, Alchem AG, Mitsui Chemical, and Yara and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global AdBlue market.
AdBlue Market Global Market Overview
AdBlue is a non-hazardous solution, consisting 32.5% urea and 67.5% de-ionized water. This urea solution is consumed during selective catalytic reduction (SCR), which is sprayed into the exhaust stream. It is burnt at very high temperatures for breaking harmful nitrogen oxides produced by diesel engines into harmless nitrogen and water. The market is driven by various factors such increase in the use of selective catalytic reduction technology, stringent government regulations for the use of diesel exhaust fluid, and increase in production of vehicles. The Ad Blue has various constraints that hinder the market such as increase in sale of electric vehicles has restrained the use of diesel exhaust fluid
Global AdBlue Market Report Application:-
It is widely used for applications such as Commercial vehicle, cars, and passenger vehicles. For instance, if a commercial vehicle is equipped with SCR technology, Ad blue is needed. In SCR technology Ad Blue is injected into the exhaust system which releases ammonia and the SCR catalytic converter reduces harmful nitrous oxides into harmless nitrogen and water. It is also used in heavy vehicles such as trucks, busses and Railways
AdBlue Market Segmentation
The global AdBlue Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type: Comprises Packaging, Equipment, Can, Tank, Drums, Pistol, Container and Pump
Segmentation by Application: Comprises Railway and Commercial Vehicle
Segmentation by Method: Comprises SCR, EGR and Post combustion
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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Regional Analysis
North America has witnessed the most significant increase in capacity of Nitrogen in the coming years. North America is the third largest region in nitrogen consumption, following India and China. This increase in the consumption of nitrogen have led to the growth of urea demand, which will drive the diesel exhaust fluid market. In 2015, CF Industries had started a new urea plant in Donaldsonville in order to cater North America region. North America is mainly dependent on import of nitrogen, due to which the market is expected to growth in the forecast period. This dependency on nitrogen will lead to the growing consumption of urea, which will drive the AdBlue market.
Asia Pacific is one of the largest consumer of fertilizers in the world due to increase in the consumption of nitrogen and urea. The major dependency of urea in India is due to the imports of nitrogen and phosphate. This dependency will lead to the growth of the urea market, which will indirectly drive the growth of diesel exhaust fluid market. The consumption of fertilizers in South Asia is more as compared to other region due to which Asia Pacific is expected to be the largest market in the forecast period.
AdBlue Market Report: Latest News:-
Bosch one of the renowned automobile industry introduces intelligent sensor systems to reduce the cost of equipment and to support research projects with the help of robust multi-sensor technology. It is also planning to expand in North America due its growing economy in automotive sectors.
The report on AdBlue Market comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.
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