Rockville, March 29, 2023 (GLOBE NEWSWIRE) -- According to the latest estimates by Fact.MR, a market research and competitive intelligence provider, the global AdBlue market is valued at US$ 30.1 billion in 2023 and is predicted to expand at a CAGR of 4% from 2023 to 2033.
AdBlue is a highly purged fluid arrangement made of deionized water and urea. AdBlue, also called diesel exhaust fluid (DEF), is a colourless, non-hazardous, and clear liquid.
Rapid industrialization, increasing number of vehicles, growing construction sector, and strict rules for gas emissions are factors expected to increase the sales of AdBlue solutions over the coming years. Also, increasing use of AdBlue in agricultural machines such as harvesters, pumps, and tractors is expected to drive market growth over the next 10 years
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The production of AdBlue solutions is increasing globally as a result of government regulations and emission standards aimed at limiting and controlling the release of hazardous substances into the atmosphere, particularly from diesel engines. Developments in the distribution of bulk chemical fluids and a tightly knit supply chain are two other reasons driving the demand growth for AdBlue globally.
Key Takeaways from Market Study
- Sales of AdBlue products are expected to reach US$ 44.5 billion by 2033.
- Implementation of strict rules to reduce greenhouse emissions is benefitting the market for AdBlue in the United States.
- Growing use of AdBlue dispensers in India is boosting market growth.
- The use of DEF in automobiles is rising to reduce air pollution.
“Rapid industrialization will increase the use of AdBlue solutions in industrial material handling machines,” says a Fact.MR analyst.
Key Segments of AdBlue Industry Research
- By Type :
- Packaging
- Equipment
- Cans
- Tanks
- Drums
- By Application :
- Commercial Vehicles
- Cars & Passenger Vehicles
- Non-road Mobile Machines
- Trains
- By Usage Method :
- Pre-combustion
- Post-combustion
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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| Report Attributes | Details |
| AdBlue Market Size (2023E) | US$ 30.1 Billion |
| Forecasted Market Value (2033F) | US$ 44.5 Billion |
| Global Market Growth Rate (2023 to 2033) | 4% CAGR |
| Dominant Regional Market | North America |
| No. of Pages | 170 Pages |
| No. of Tables | 84 Tables |
| No. of Figures | 112 Figures |
Recent Market Developments
- The Verbund site in China, which is run by the partnership arrangement between BASF and SINOPEC known as BASFYPC Co., Ltd., was estimated to expand in August 2021. It included the growth of numerous downstream chemical plants' manufacturing capabilities, as well as the construction of a new tert-butyl acrylate factory to serve the growing Chinese market. This growth was estimated to aid SINOPEC in spreading its DEF product line.
- ZF Friedrichshafen AG introduced WABCO Diesel Exhaust Fluid for BS-6 vehicles in August 2020. This product is designed specifically to fulfil the requirements of BS-6 Indian vehicles.
Key Companies Profiled
- Shell
- Bosch
- Nissan Chemicals
- Mitsui Chemicals
- Daimler AG
- BASF
- Fiat Group Automobiles
- Kruse Automotives
- Komatsu
- Alchem AG
- Yara
- Hartland Fuel Products
- Balcrank
- Graco
- TOTAL S.A.
- CHINA PETROCHEMICAL CORPORATION
- CF INDUSTRIES HOLDINGS INC.
- CUMMINS INC.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global AdBlue market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).
The study divulges essential insights on the market based on type (packaging, equipment, cans, tanks, drums), application (commercial vehicles, cars & passenger vehicles, non-road mobile machines, trains), and usage method (pre-combustion, post-combustion), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
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