“South Africa AdBlue Oil Market Size, Share and Global Research Report Forecast to 2024”
South Africa AdBlue Oil Market is expected to reach an approximate evaluation of USD 188 million by the end of 2024, and Global South Africa AdBlue market is segmented by technology and application for an in-depth study of the market
South Africa AdBlue Oil Market:Overview
The South Africa AdBlue oil market to score 4.83% CAGR during the forecast period (2017-2024), 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.
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.
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South Africa AdBlue Oil Market: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)
- 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 2018, 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.
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.
MRFR segments the South Africa AdBlue market by technology and application for an in-depth study of the market.
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 2017. The segment is anticipated to exceed a valuation of USD 118.7 million by 2024 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.
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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 2017 and can touch USD 157.1 million by 2024.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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South Africa AdBlue Oil Research Report Information: Type, Application, Region and End-Use – Forecast Till 2023
The market for AdBlue oil in South Africa is expected to witness a CAGR of 4.83% during the assessment period assessment period (2017-2024). Adbule continues to be a popular fluid mix for diesel and gasoline fuel-based vehicles. The mix facilitates a selective catalytic reduction (SCR) technology along with other chemical reaction with the exhaust gases, effectively reducing the emmision of nitrogen oxides. This in turn makes AdBlue an important and a highly consumed automotive fluid mix. South Africa is witnessing an upsurge in vehicle parc, as sales of passenger cars and commercial vehicles continue to grow across the country. This is likely to support the growth of the AdBlue oil market in the country in 2018 and beyond. Introduction of new global emission standards is also reflecting favorably on the market in South Africa.
The MRFR report delivers a comprehensive analysis of the market for AdBlue oil in South Africa. Users of this report will come across key macro and micro-economic factors influencing the growth trends of the market. An outlook towards the key market drivers, restraints and opportunities is also presented in the report. It also includes revenue analysis based on technologies used in AdBlue oil such as exhaust gas recirculation and selective catalytic reduction. The scope of the discussion covers market analysis on the basis of different applications areas of AdBlue oil such as automotive, farm machinery, construction machinery, electronic generators, railway engines. The report offers analysis of the AdBlue oil market across South Africa along with a revenue forecast until 2024.
BASF SE (Germany), Engen Petroleum Ltd (South Africa), and Viscol.Co.Za (Republic of South Africa).
The report offers insights on the leading market players and evaluates their current market share. Company information such as annual revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives are available in the report.
Market Research Future (MRFR) employ fail-safe research approaches for analyzing data collected through primary and secondary research inputs which include interviews with top-level executives across the value-chain (CEOs, Business Development Managers, VICE Presidents, etc.), SEC filings, annual reports of top-notch market players, paid database services, publications by international and national organizations. Top-down and bottom-up approaches are employed to authenticate the accuracy and credibility of critical data and statistical observations available in our reports. A multi-layer verification process reaffirms the reliability of the market analysis that is supported by our in-house expertise and advanced research tools. Emphasis is placed on drawing insightful conclusions backed by market-oriented, technical, and, commercial studies of industries to keep our clients ahead of the curve.
- Currency- USD Million
- Base year- 2016
- Volume Unit- Thousand Tons
- Forecast Period- From 2017 to 2024
For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the South Africa AdBlue Oil Market
- Exhaust Gas Recirculation
- Selective Catalytic Reduction
- Farm Machinery
- Construction Machinery
- Electronic Generators
- Railway Engines
- AdBlue Oil manufacturers
- Suppliers and distributors
- Potential investors
- Raw material suppliers
- End-Use Industries