Market Survey : AdBlue Oil (Diesel Exhaust Fluid) Industry in South Africa- Forecast till 2024


Posted June 19, 2019 by rachaelpate

AdBlue, also known as diesel exhaust fluid (DEF), is a blend or an aqueous solution of 32.5% urea and 67.5% of deionized water. It is primarily used as a consumable fluid in diesel and gasoline fuel-based vehicles.

 
Market Reports On South Africa Provides the Trending Market Research Report On “South Africa AdBlue Oil Research Report Information: Type, Application, Region and End-Use - Forecast Till 2024” under Chemical & Materials category. The Report offers a collection of South Africa Market Trends, South Africa Market Analysis, South Africa Business Trends, And South Africa Market Size And Growth.

AdBlue, also known as diesel exhaust fluid (DEF), is a blend or an aqueous solution of 32.5% urea and 67.5% of deionized water. It is primarily used as a consumable fluid in diesel and gasoline fuel-based vehicles. The product effectively reduces the emission of oxides of nitrogen by chemically reacting with the exhaust gases.

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The South Africa AdBlue market was valued at USD 136.09 million in 2017 and is projected to register a healthy CAGR of 4.83% to attain a value mark of USD 188.00 million by the end of 2023. In terms of volume, the global market is expected to exhibit a CAGR of 4.24% to reach 327.14 kilo tons from 434.56 kilo tons. The major factor driving the growth of the South Africa AdBlue market is increasing adoption of passenger cars and commercial vehicles in Africa. Furthermore, changing lifestyles and increasing disposable income of the people in the country has resulted in the increased sale of automobiles, which is consequently expected to boost the demand for AdBlue.

The growing use of emission reduction products such as AdBlue in the agricultural machinery and construction equipment is expected to create lucrative opportunities for the manufacturers of AdBlue.

However, sluggish economic growth in South Africa on account of the looming macroeconomic factors is likely to hamper the market growth during the review period.

FIGURE 1 South Africa AdBlue Market, by Application, 2017 (%)

Segmentation
The South Africa AdBlue market has been segmented on the basis of technology and application. Based on technology, the market is bifurcated into exhaust gas recirculation and selective catalytic reduction. Among these, the selective catalytic reduction segment accounted for around 82% market share in 2017. By application, the market is categorized into automotive, farm machinery, construction machinery, electronic generators, railway engines, and others. The automotive segment accounted for the largest market share with a value of USD 84.7 million in 2017.

Key Players
Some of the Key Players operating in the South Africa AdBlue market are BASF SE (Germany), Engen Petroleum Ltd (South Africa), and Viscol.co.za. (South Africa).

Key Findings
The South Africa AdBlue market was valued at USD 136.09 million in 2017 and is projected to reach USD 188.0 million by 2024 registering a healthy CAGR over the forecast period. The selective catalytic reduction segment accounted for over 82% of the market share in 2017 and is projected to reach USD 157.1 million by the end of the forecast period. The automotive segment emerged as the largest segment accounting for nearly 61% of the market share in 2017.

Intended Audience
• AdBlue Manufacturers
• Traders and Distributors of AdBlue Oil
• Production Process Industries
• Potential Investors
• Raw Material Suppliers

DC –Description
• AdBlue preparation
• diesel selective catalytic reduction
• diesel engines
• emission reduction
• selective catalytic reduction technology,
• SCR technology
• aqueous urea solution

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http://www.marketreportsonsouthafrica.com/marketreports/south-africa-adblue-oil-research-report-information-type-application-region-and-end-use-forecast-till-2024/1381490

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Issued By Rachael Pate
Country South Africa
Categories Industry , Manufacturing
Tags adblue oil market application , adblue oil market by region , adblue oil market end user , adblue oil market type
Last Updated June 19, 2019