WiseGuyReports.Com Publish a New Market Research Report On –" AdBlue Oil in South Africa 2019 Market Net Worth US$ 188.00 million Forecast By 2024".
AdBlue Oil in South Africa Industry 2019
AdBlue is commonly known as DEF which refers to diesel exhaust fluid. This aqueous solution is a mixture of 33% urea and 67% deionized water. It is extensively used in the diesel-based vehicle as a consumable fluid. It reduces the nitrogen oxide emission by reacting with exhaust gases. The increasing trend of commercial and passenger vehicles adaptation in the African region is expected to be the driving force behind the growth of this market. Increasing disposable income and rapidly changing lifestyle in the region resulting in the increased sale of motor vehicles will further boost AdBlue market growth.
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Major Key Players Analysis
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).
The adaptation of AdBlue product can be seen in various agricultural machinery and construction equipment. The mediocre South African economy may play a hindrance in the growth of the market. The industry is expected to show a Compound Annual Growth Rate (CAGR) of 4.83% during the forecast period. A study suggests that in 2017 the South Africa AdBlue Oil market was valued at 136 million USD and anticipated to reach 188 million USD by 2023. The global market is expected to show a compound annual growth rate of 4.24% from 2019 to 2024, as a result, the market volume will grow from 327 kilotons to 434 kilotonnes during the forecast period.
Market Segmentation of AdBlue Oil Market
The South Africa AdBlue Oil market can be segmented on the basis of application and technology.
By technology, the market can be segmented into selective catalytic reduction and exhaust gas recirculation.
Currently, the catalytic reduction segment is leading the market share with a market share of 82%. According to the forecast, the catalytic reduction segment will remain in the top position in terms of market share during the 2019-2024 period.
On the basis of application, the market can be categorized into railway engines, construction machinery, automotive, farm machinery, electronic generators and others.
Among these, the automotive sector having the largest market share of around 85 million USD in 2017 and expected to be on the top till the end of the year 2024 owing to the rapid increase in automobiles in the region.
Geographical Market Segmentation of AdBlue Oil Market
The geographical segmentation of South Africa AdBlue Oil market covers South Africa country. South East and South Asian countries like India, China and ASIAN countries are expected to become major importing countries in the near future. Lots of African countries are anticipated to buy South Africa AdBlue Oil in the near future.
Current News from the AdBlue Oil Market
Since the Diselgate incident, automobile giant Volkswagen was unclear about the future of diesel-based motor vehicles. The company is working hard to make the diesel engine cleaner. Company's new twin-dosing system has two injectors which apply AdBlue near the engine and in the present exhaust system. As a result, the hydrocarbon emission can be reduced in a significant manner and people can breathe comparatively cleaner air. Though Volkswagen looking at electric motor vehicles as a future replacement of existing ones, it seems they are not ready to give up diesel technology yet.
Complete Report Details @ https://www.wiseguyreports.com/reports/3748321-south-africa-adblue-oil-research-report-information-type
Table of Contents – Major Key Points
1 Executive Summery
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor analysis
6 South Africa AdBlue Market, By Technology
7 South Africa AdBlue Market, By Application
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