AdBlue Market opportunities
AdBlue Market to register substantial gains from the transportation and agricultural application over 2020-2025
Report Hive Research adds a new study
titled “AdBlue Market
Report†to its research database. Delivering in-depth insights, the report
discusses recent trends, market drivers,
market size, market share, market outlook, applications, restraints, opportunities, and growth prospects of the
global AdBlue Market forecasted from 2020 to 2025.
Besides, it also includes vital information related to future strategies,
acquisitions and mergers, market footprint, financial positions, supply chain
trends, innovations, and key developments.
AdBlue
Market Overview:
AdBlue is a highly purified liquid
solution that is a mixture of urea and deionized water in the ratio of 32.5%
and 67.5%, respectively. AdBlue, also known as Diesel Exhaust Fluid (DEF), is a
colorless, non-hazardous, transparent liquid largely used in automobiles to
reduce the emission of nitrogen oxide (NOx). The NOx emitted from the vehicle
in the form of small particles tends to cause significant damage to the
sensitive lung tissue in animals and humans by reacting with other gases
present in the atmosphere. Therefore, AdBlue is an essential component for
reducing nitrogen oxide (NOx) levels by converting NOx to a less harmful
mixture of water vapor and nitrogen.
Robust infrastructure developments
and rapid industrialization have increased demand for heavy vehicles,
subsequently driving the AdBlue market growth. In addition, the surge in demand
for agricultural machineries such as tractors, pumps, and harvesters will also
support the Adblue market demand in the years to come.
Globally, Europe dominates the
AdBlue market both in terms of value and volume and is expected to maintain its
dominance throughout the forecast period. This is due to the presence of
well-developed countries in the region, such as Germany and France, focusing on
sustainable development. In addition, the enforcement of strict environmental
standards in European countries is primarily driving the regional demand.
The Asia-Pacific is expected to be
the fastest-growing region in the AdBlue market. Emerging economies such as
China, India, are seeing a rapid surge in activities such as construction and
infrastructure development and manufacturing, providing a significant boost to
the transportation and logistics industry in these countries. In addition, the
adoption of stringent emission standards will accelerate the consumption of
AdBlue to reduce emissions, thus creating potential business opportunities for
players in the AdBlue market.
The global AdBlue Market is
projected to continue a healthy growth trajectory, growing at an estimated CAGR
of X.X% in terms of value during forecast period. For more details, please
order a sample report or simply get in touch with one of our sales executives.
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AdBlue
Market Key Players:
·
BASF
·
Shell
·
BP p.l.c.
·
Total
·
Bosch
·
Cummins
·
Daimler AG
·
Fiat Group Automobiles
·
Finke Mineralolwerk
·
Nissan Chemical
·
ENI S.p.A.
·
Komatsu
·
Kruse Automotive
·
Alchem AG
·
GBZI Comtrade
·
Samsung Fine Chemicals
·
Mitsui Chemicals
·
Yara
·
Borealis L.A.T
·
GreenChem
·
Adquim SpA.
·
Novax
·
Kelas
·
Sichuan Meifeng
·
Beijing Yili Fine Chemical
·
Sinopec Group
·
CNPC
·
Baoyi
·
Everblue
Market
Segmentations Covered in the Report:
Market
by Type
·
CNG
·
LPG
·
Others
Market
by Application
·
Public Transportation
·
Mining/ Construction
·
Agriculture
·
Marine
·
Others
AdBlue
Market Regional Analysis:
·
Asia-Pacific [China, Southeast
Asia, India, Japan, Korea, Western Asia]
·
Europe [Germany, UK, France,
Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
·
North America [United States,
Canada, Mexico]
·
Middle East & Africa [GCC,
North Africa, South Africa]
·
South America [Brazil,
Argentina, Columbia, Chile, Peru]
Author Name : Report Hive Research
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