Adblue Oil Market Expected to Retain Dominance & Grow at an Encouraging CAGR to 2030
Overview:
The South Africa Adblue Oil Market to score 4.83% CAGR during the
forecast period (2022-2030), predicted Market Research Future (MRFR) in their
latest report on the said market. The duration would also see a substantial
rise in the valuation. AdBlue is a type of fluid that cleans up harmful
pollutants of the NOX group such as the NO2. The trademark is owned by the German Association of the
Automobile Industry (VDA). The liquid has to be stored in the car and not
injected into the engine. The vehicle’s exhaust takes up the liquid and through a chemical reaction cleans
up the produced NOX and breaks them to nitrogen and water. Most of the diesel
cars use the fluid in an attempt to curb environmental impacts. MRFR in their
report included a detailed study of the
segments based on both production and revenue. In sync, the report also focuses on the factors that can
impact the future South Africa AdBlue oil market. Volume-wise the South Africa
AdBlue market is expected to register a rise by 4.24% CAGR during the forecast
period and exceed their previous production limit of 327.1 thousand tons with
ease.
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Key Players:
Engen
Petroleum Ltd (South Africa), BASF SE (Germany), and Viscol.Co.Za (Republic of
South Africa).
Competitive
Analysis:
Companies worth mention in the South Africa
AdBlue market as per the report of MRFR include
BASF SE (Germany), Engen Petroleum Ltd (South Africa), and Viscol.Co.Za
(Republic of South Africa).
Group Renault is revolutionizing the
segment where they have redesigned their SCR system. The new engine would be
called Blue dCi. Renault’s two new models Dacia Duster in two power versions,
Blue dCi 95 and Blue dCi 115 can be considered exemplary. With such
innovations, Renault is planning to expand its
market presence in countries such as South Africa.
In 2020, Yara South Africa was eyeing for benefit from their world’s
largest AdBlue oil manufacturing unit in the Brunsbüttel, Germany which has a
production capacity of 1.1 million tons per year.
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South Africa is currently witnessing a huge surge in the sale of passenger and
commercial vehicle. Hence, the hike in the sale of AdBlue oil. The country has
also introduced stringent emission standards to ensure the amount of pollutant
released in the air stays within the limit. Apart from the automotive sector,
the substance can also be used in the
farm machinery, construction, electric generators, and railway engines.
Segmentation:
MRFR segments the South
Africa AdBlue market by technology and application for an in-depth study of the
market.
Based on the technology, the South Africa
AdBlue market can be segmented into
selective catalytic reduction and exhaust gas recirculation. The selective catalytic reduction technology has
almost 82% of the market share in 2020 and can touch USD 157.1 million by 2030.
Based on the application, the South Africa
AdBlue market includes farm machinery, automotive, construction machinery,
railway engines, electronic generators, and others. The automotive industry had
sway over 62% of the overall market share
in 2022. The segment is anticipated to exceed a valuation of USD 118.7 million
by 2030 with a CAGR of 5.03%. Out of all, the passenger
car segment controls well over 48% of the entire automotive segment in 2017and can achieve a CAGR of 5.06% over
the review period. However, railway engines segment can record a 5.67% CAGR
during the review period.
Opel launched its new advanced engine with Grandland
X compact sports utility vehicle
(SUV). The new model can easily meet
the new environmental standards. This
would help Opel in cementing its market position in South Africa.
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Report @ https://www.marketresearchfuture.com/reports/south-africa-adblue-oil-market-6223
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