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The global AdBlue market, valued at US$ 30.1 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 4%, reaching US$ 44.5 billion by the end of 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, a rising number of vehicles, the expanding construction sector, and stringent regulations on gas emissions are anticipated to boost AdBlue solution sales in the coming years. Additionally, the growing use of AdBlue in agricultural machinery such as harvesters, pumps, and tractors is expected to fuel market growth over the next decade.
The global production of AdBlue solutions is increasing due to government regulations and emission standards aimed at reducing and controlling the release of harmful substances, particularly from diesel engines. Furthermore, advancements in the distribution of bulk chemical fluids and a well-integrated supply chain are also key factors driving the rising demand for AdBlue worldwide.
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.
Recent Market Developments:
• In August 2021, the Verbund site in China, operated through a partnership between BASF and SINOPEC under BASFYPC Co., Ltd., was projected to undergo expansion. This included increasing the production capacities of several downstream chemical plants and the construction of a new tert-butyl acrylate plant to meet the growing demand in the Chinese market. This expansion was expected to help SINOPEC broaden its DEF (Diesel Exhaust Fluid) product line.
· In August 2020, ZF Friedrichshafen AG launched WABCO Diesel Exhaust Fluid, specifically designed for BS-6 Indian vehicles, to meet the emission standards required for BS-6 compliant engines.
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