Product Overview

The increasing demand for diesel exhaust fluid (AdBlue) in end-use industries, including automotive, agriculture, and construction, is the major factor projected to boost the market growth.

The growth of the market is also driven by the increasing regulations regarding greenhouse gases (GHGs) emissions and an increase in the demand for the product in the automotive industry. However, the fluctuating prices of raw materials, such as urea, will majorly hamper the market growth during the forecast period.

Diesel exhaust fluid (DEF) is a liquid used to reduce air pollution caused due to diesel engines. It is also known by the names AUS 32 and ARLA 32 and is marketed as AdBlue. The DEF or AdBlue is an aqueous urea solution made with 32.5% urea and 67.5% deionized water.

To meet stringent NOx emission standards beginning in 2010 for commercial truck engines and beginning in 2014 for most off-road engines, most engine makers have installed an embedded selective catalytic reduction (SCR) technology in diesel vehicles, which requires DEF to operate. AdBlue is filled in a separate tank in vehicles with SCR technology.

DEF is injected in the selective catalytic reduction (SCR) system, where it is heated in the exhaust stream and decomposes into ammonia and CO₂. When the NOx from the engine exhaust stream reacts inside the catalyst with the ammonia, the harmful NOx molecules in the exhaust stream are converted to harmless nitrogen and water, which are then released from the vehicle’s tailpipe. Typically, a diesel engine requires about 3% DEF of the fuel.

Market Overview

The Asia-Pacific diesel exhaust fluid  market is projected to register healthy growth during the forecast period, 2021–2030. The market was valued at USD 1,886.81 million in 2020 and is projected to register a CAGR of 9.91% to reach USD 5,411.94 million by 2030. The purity of the AdBlue is of paramount importance, as any impurity in DEF can disturb the whole SCR system and, eventually, the performance of the vehicle.

The packaging of AdBlue, therefore, is rigorously tested by the American Petroleum Institute to ensure that it meets industry-wide quality standards. It is available in a variety of storage options such as bulk, totes, bottles, or jugs.

The prominent factors driving the growth of the market are the increased adoption of carbon emission norms by automotive manufacturers coupled with the growing sale of passenger cars and commercial vehicles across the globe.

However, the gradual adoption of electric vehicles and the mass production of e-vehicles is expected to hamper the growth of diesel-powered vehicles in the coming years, thereby hampering the growth of the diesel exhaust fluid (AdBlue) market during the assessment period.

Nevertheless, the development of hybrid selective non-catalytic reduction (SNCR) and the adoption of SCR technology in passenger vehicles are likely to boost the demand for diesel exhaust fluid (AdBlue) and create lucrative opportunities for the players operating in the Asia-Pacific market.

The increasing demand for diesel exhaust fluid (AdBlue) in end-use industries, including automotive, agriculture, and construction, is the major factor projected to boost the market growth. The growth of the market is also driven by the increasing regulations regarding greenhouse gas (GHGs) emissions and an increase in the demand for the product in the automotive industry. However, the fluctuating prices of raw materials, such as urea, will majorly hamper the market growth during the forecast period.

Market Segmentation

Based on application, the market is broadly categorized into automotive, construction machinery, farm machinery, electronic generators, railway engines, and others. In terms of value, the automotive application was valued at USD 1,180.77 million in 2020 and is estimated to reach USD 3,623.80 at the end of 2030, with the highest CAGR of 10.66%. The robust growth of the automotive industry in Asia-Pacific, with China leading the production and sales in the region, is driving the growth of the segment in the region.

The Asia-Pacific diesel exhaust fluid (AdBlue) market has been segmented based on the country into China, Japan, India, South Korea, Australia, New Zealand, Indonesia, and the Rest of Asia-Pacific. China held the largest share of 37.28% in 2020 due to stringent regulations in the region and automobile and agricultural machinery manufacturers abiding by these regulations, which is expected to increase the consumption of diesel exhaust fluid (AdBlue). The market was valued at USD 703.49 million in 2020 and is expected to exhibit a CAGR of 11.28% to reach USD 2,284.74 million by the end of 2030.

Regional Analysis
According to our analysis, the Asia-Pacific diesel exhaust fluid (AdBlue) market has been segmented based on country into China, Japan, India, South Korea, Australia, New Zealand, Indonesia, and the Rest of Asia-Pacific.

China held the largest share of 37.28% in 2020 due to stringent regulations in the region and automobile and agricultural machinery manufacturers abiding by these regulations, which is expected to increase the consumption of diesel exhaust fluid (AdBlue). The market was valued at USD 703.49 million in 2020 and is expected to exhibit a CAGR of 11.28% to reach USD 2,284.74 million by the end of 2030.

Major Players
BASF SE (Germany), Yara (Norway), Mitsui Chemicals Inc (Japan), BP p.l.c (UK), Borealis AG (Austria), Nissan Chemical Corporation (Japan), GreenChem (Netherlands), NOVAX Material & Technology Inc (China), Royal Dutch Shell PLC (Netherlands), and Adeco doo (Siberia) are the major companies operating in the market that compete in terms of quality and price.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY
1.1 ASIA-PACIFIC DIESEL EXHAUST FLUID (ADBLUE) MARKET, BY APPLICATION
1.2 ASIA-PACIFIC DIESEL EXHAUST FLUID (ADBLUE) MARKET, BY COUNTRY

2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE

3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS

4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 INCREASING SALE OF PASSENGER CARS AND COMMERCIAL VEHICLES
4.2.2 GROWING ADOPTION OF DIESEL EXHAUST FLUID (ADBLUE) DUE TO EMISSION REDUCTION NORMS
4.2.3 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINTS
4.3.1 DIESEL EXHAUST FLUID (DEF) FREEZES AT LOW TEMPERATURE
4.3.2 RESTRAINTS IMPACT ANALYSIS
4.4 OPPORTUNITIES
4.4.1 DEVELOPMENT OF HYBRID SELECTIVE NON-CATALYTIC REDUCTION (SNCR)/SELECTIVE CATALYTIC REDUCTION (SCR) SYSTEM
4.5 CHALLENGES
4.5.1 FLUCTUATING PRICES OF UREA

5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS
5.1.1 RAW MATERIAL SUPPLIERS
5.1.2 PRODUCERS
5.1.3 DISTRIBUTION CHANNEL
5.1.4 END USERS
5.2 PORTER’S FIVE FORCES MODEL
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 INTENSITY OF RIVALRY
5.2.3 THREAT OF SUBSTITUTES
5.2.4 BARGAINING POWER OF SUPPLIERS
5.2.5 BARGAINING POWER OF BUYERS
5.3 IMPACT OF CORONAVIRUS OUTBREAK ON THE ASIA-PACIFIC DIESEL EXHAUST FLUID (ADBLUE) MARKET
5.3.1 IMPACT OF COVID-19 ON SUPPLY CHAIN
5.3.2 QUALITATIVE ANALYSIS ON CHANGE IN DEMAND FROM END-USE INDUSTRY

6 ASIA-PACIFIC DIESEL EXHAUST FLUID (ADBLUE) MARKET, BY APPLICATION
6.1 OVERVIEW
6.1.1 DIESEL EXHAUST FLUID (ADBLUE): MARKET ESTIMATES & FORECAST BY APPLICATION, 2019–2030
6.1.2 DIESEL EXHAUST FLUID (ADBLUE): MARKET ESTIMATES & FORECAST BY APPLICATION, 2019–2030
6.2 AUTOMOTIVE
6.3 FARM MACHINERY
6.4 CONSTRUCTION MACHINERY
6.5 ELECTRONIC GENERATORS
6.6 RAILWAY ENGINES
6.7 OTHERS

7 ASIA-PACIFIC DIESEL EXHAUST FLUID (ADBLUE) MARKET, BY COUNTRY
7.1 OVERVIEW
7.2 CHINA
7.3 JAPAN
7.4 INDIA
7.5 SOUTH KOREA
7.6 AUSTRALIA
7.7 NEW ZEALAND
7.8 INDONESIA
7.9 REST OF ASIA-PACIFIC

8 COMPETITIVE LANDSCAPE
8.1 COMPETITIVE OVERVIEW
8.2 ASIA-PACIFIC MARKET STRATEGY ANALYSIS
8.3 KEY DEVELOPMENTS
8.4 COMPETITIVE BENCHMARKING

9 COMPANY PROFILES
9.1 BASF SE
9.1.1 COMPANY OVERVIEW
9.1.2 FINANCIAL OVERVIEW
9.1.3 PRODUCT OFFERED
9.1.4 KEY DEVELOPMENTS
9.1.5 SWOT ANALYSIS
9.1.6 KEY STRATEGIES
9.2 YARA
9.2.1 COMPANY OVERVIEW
9.2.2 FINANCIAL OVERVIEW
9.2.3 PRODUCT OFFERED
9.2.4 KEY DEVELOPMENTS
9.2.5 SWOT ANALYSIS
9.2.6 KEY STRATEGIES
9.3 MITSUI CHEMICALS INC.
9.3.1 COMPANY OVERVIEW
9.3.2 FINANCIAL OVERVIEW
9.3.3 PRODUCT OFFERED
9.3.4 KEY DEVELOPMENTS
9.3.5 SWOT ANALYSIS
9.3.6 KEY STRATEGIES
9.4 BP PLC.
9.4.1 COMPANY OVERVIEW
9.4.2 FINANCIAL OVERVIEW
9.4.3 PRODUCTS OFFERINGS
9.4.4 KEY DEVELOPMENTS
9.4.5 SWOT ANALYSIS
9.4.6 KEY STRATEGY
9.5 BOREALIS AG
9.5.1 COMPANY OVERVIEW
9.5.2 FINANCIAL OVERVIEW
9.5.3 PRODUCT OFFERED
9.5.4 KEY DEVELOPMENTS
9.5.5 SWOT ANALYSIS
9.5.6 KEY STRATEGIES
9.6 NISSAN CHEMICAL CORPORATION
9.6.1 COMPANY OVERVIEW
9.6.2 FINANCIAL OVERVIEW
9.6.3 PRODUCT OFFERED
9.6.4 KEY DEVELOPMENTS
9.6.5 SWOT ANALYSIS
9.6.6 KEY STRATEGIES
9.7 GREENCHEM
9.7.1 COMPANY OVERVIEW
9.7.2 FINANCIAL OVERVIEW
9.7.3 PRODUCT OFFERED
9.7.4 KEY DEVELOPMENTS
9.7.5 SWOT ANALYSIS
9.7.6 KEY STRATEGIES
9.8 NOVAX MATERIAL & TECHNOLOGY INC
9.8.1 COMPANY OVERVIEW
9.8.2 FINANCIAL OVERVIEW
9.8.3 PRODUCT OFFERED
9.8.4 KEY DEVELOPMENTS
9.8.5 SWOT ANALYSIS
9.8.6 KEY STRATEGIES
9.9 ROYAL DUTCH SHELL PLC
9.9.1 COMPANY OVERVIEW
9.9.2 FINANCIAL OVERVIEW
9.9.3 PRODUCTS OFFERINGS
9.9.4 KEY DEVELOPMENTS
9.9.5 SWOT ANALYSIS
9.9.6 KEY STRATEGY
9.10 ADECO DOO
9.10.1 COMPANY OVERVIEW
9.10.2 FINANCIAL OVERVIEW
9.10.3 PRODUCTS OFFERINGS
9.10.4 KEY DEVELOPMENTS
9.10.5 SWOT ANALYSIS
9.10.6 KEY STRATEGY

10 APPENDIX
10.1 REFERENCES
10.2 RELATED REPORTS

The post Asia-Pacific Diesel Exhaust Fluid (Adblue) Market Research Report Forecast to 2030 first appeared on CRI Report.

North America accounted for the largest market share of 56.49% in 2016 and is projected to grow at a CAGR of 8.83% during the forecast period. U.S. is expected to dominate the market in North America. It has been estimated that U.S. contributes to almost 70% of the ammonia that is used for the production of urea. In U.S., about half of the urea is produced as solid fertilizer, and about 25% of urea is consumed for the production of nitrogen based solutions. The increase in the production of urea in the U.S. is expected to drive the market in the future. The increase in use of selective catalytic reduction technology is expected to drive the market in future. SCR technology is mainly used to reduce nitrogen oxide emission up to 90%, at the same time, reducing HC and CO emission by 50-60%. SCR systems are also attached with the diesel particulate filter to reduce greater emission that can harm the environment. The increased use of SCR for the reduction of emission, allows more light duty vehicles to meet the requirement of EPA emission regulations. The other factors that are responsible for the growth of the market during the forecast period are stringent government regulations for the use of diesel exhaust fluid, increase in production of vehicles, and others.
Key Players
The key players in market include Cummins Filtration (U.S.), Nissan Chemical Industries (Japan), Yara International (Norway), Shaw Development LLC (U.S.), CF Industries Holdings (U.S.), The McPherson Companies (U.S.), BASF SE (Germany), Blue Sky Diesel Exhaust Fluid (DEF) (U.S.), Brenntag AG (Germany), Carson (Portland) and Mitsui Chemicals, Inc. (Japan).
Key Findings
• The global diesel exhaust fluid market is expected to reach USD 21,672.6 million by 2023.
• Regionally, North America is expected to have the largest market of USD 11,969.1 million by 2023.
• In Europe, Germany accounted for the largest market share of 45.43% in 2016, with a market value of USD 796.1 million and is projected to grow at the highest CAGR of 10.16% during the forecast period. France was the second-largest market in 2016, valued at USD 446.1 million in 2016; it is projected to grow at a CAGR of 9.78%.
• On the basis of storage solution, Bulk storage dominated the global diesel exhaust fluid industry market with a share of 39.74% in 2016
• On basis of vehicle type, Commercial vehicle dominated the global diesel exhaust fluid industry market with a share of 76.16% in 2016.
Geographic Analysis
The report covers brief analysis of geographical region includes:
North America
• US
• Canada
Europe
• Germany
• U.K.
• France
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Middle East & Africa
• Latin America

Study Objectives of Diesel Exhaust Fluid Market
• To provide detailed analysis of the market structure along with forecast for the next five to ten years of the various segments and sub-segments included in global diesel exhaust fluid market with analysis of its development and demand in the market
• To identify high growth regions and countries
• To study regional and country specific demand and forecast for global building insulation material market
• To cover the key segments of type, application and region
• To finalize unit breakdown for all different classifications required for forecasting, considering various factors
• To identify forecast demand for all probable segments for all the regions, and to collect the historical figure, data through primary and annual reports to derive the regional and country level market size
• To identify historical trends so as to forecast and estimate the future value data
Intended Audience
• Manufacturers and distributors of diesel exhaust fluid market
• Suppliers and traders of diesel exhaust fluid market
• Government associations and industrial bodies.
• Investors and Trade experts
• Consulting in automotive experts

DC description
DEF fluid
Blue DEF
Diesel exhaust fluid price
Exhaust fluid
Blue DEF fluid
DEF fuel
DEF diesel
DEF fluid cost
DEF tank
DPF fluid
Bluedef diesel exhaust fluid
DEF fluid price

Table of Contents

1 Executive Summary 13
2 Introduction 15
2.1 Definition 15
2.2 Scope of the Study 15
2.3 Assumptions 15
2.4 Market Structure 16
3 Research Methodology 17
3.1 Research Process 17
3.2 Primary Research 18
3.3 Secondary Research 18
3.4 Methodology of Demand and Price Forecast 18
3.5 Market Size Estimation 19
4 Market Dynamics 22
4.1 Introduction 22
4.2 Drivers 22
4.2.1 Increase in the use of Selective Catalytic Reduction technology 22
4.2.2 Stringent government regulations for the use of Diesel Exhaust Fluid 23
4.2.3 Increase in production of vehicles 23
4.3 Restraint 25
4.3.1 Increase in sale of Electric Vehicles has restrained the use of diesel exhaust fluid 25
4.4 Opportunity 25
4.4.1 Growing Demand of DEF in the Construction Industry 25
5 Market Factor Analysis 27
5.1 Porter’s Five Forces Analysis 27
5.1.1 Threat of new entrants 27
5.1.2 Bargaining Power of Suppliers 28
5.1.3 Bargaining Power of Buyers 28
5.1.4 Threat of Substitute 28
5.1.5 Rivalry 28
5.2 Supply Chain Analysis 29
6 Diesel Exhaust Fluid Market Overview 30
6.1 Major Sellers & Customers of Diesel Exhaust Fluid 30
6.2 Pricing Analysis By Region 32
6.3 Supply & Demand Analysis By Region 32
7 Global Diesel exhaust fluid Industry Market, By Storage solution 33
7.1 Introduction 34
7.2 Bulk Storage 35
7.3 Tanks 35
7.4 Portable Containers 35
7.5 Dispensers 36
8 Global Diesel exhaust fluid Industry Market, By Vehicle Type 37
8.1 Introduction 38
8.2 Commercial Vehicles 39
8.3 Passenger Vehicles 39
9 Global Diesel Exhaust Fluid Industry Market, By End Market 40
9.1 Introduction 41
9.2 Aftermarket 42
9.3 OEMs 42
10 Global Diesel Exhaust fluid Industry Market, By Region 43
10.1 Introduction 44
10.2 North America 46
10.2.1 U.S. 49
10.2.2 Canada 52
10.3 Europe 54
10.3.1 U.K. 58
10.3.2 France 60
10.3.3 Germany 62
10.3.4 Rest of Europe 64
10.4 Asia Pacific 66
10.4.1 China 70
10.4.2 Japan 72
10.4.3 India 74
10.4.4 Rest of Asia Pacific 76
10.5 Rest of The World 79
10.5.1 Middle East & Africa 83
10.5.2 Latin America 85
11 Competitive Landscape 87
11.1.1 Expansion 88
11.1.2 Merger & Acquisition 88
11.1.3 Collaboration & Partnership 88
11.1.4 Joint Venture 89
11.2 Market Share Analysis 89
11.3 Product Benchmarking 89
12 Company Profiles 90
12.1 CF Industries Holdings 90
12.1.1 Company Overview 90
12.1.2 Financial Overview 90
12.1.3 Product/Service Offering 91
12.1.4 Strategy 91
12.1.5 SWOT Analysis 92
12.2 Yara International 93
12.2.1 Company Overview 93
12.2.2 Financial Overview 93
12.2.3 Product/Service Offering 94
12.2.4 Strategy 94
12.2.5 SWOT Analysis 95
12.3 Cummins Filtration 96
12.3.1 Company Overview 96
12.3.2 Financial Overview 96
12.3.3 Product/Service Offering 96
12.3.4 Strategy 96
12.3.5 SWOT Analysis 97
12.4 Nissan Chemical Industries. Ltd. 98
12.4.1 Overview 98
12.4.2 Financial Overview 98
12.4.3 Product/Service Offering 99
12.4.4 Strategy 99
12.4.5 SWOT Analysis 99
12.5 BASF SE 100
12.5.1 Company Overview 100
12.5.2 Financial Overview 100
12.5.3 Product/Service offering 101
12.5.4 Strategy 101
12.5.5 SWOT Analysis 102
12.6 Brenntag 103
12.6.1 Company Overview 103
12.6.2 Financial Overview 103
12.6.3 Product/Service Offering 104
12.6.4 Strategy 104
12.7 Shaw Development 105
12.7.1 Company Overview 105
12.7.2 Financial Overview 105
12.7.3 Product/Service Offering 105
12.7.4 Strategy 106

12.8 Mitsui Chemicals, Inc. 107
12.8.1 Company Overview 107
12.8.2 Financial Overview 107
12.8.3 Product/Service Offering 108
12.8.4 Strategy 108
12.9 The McPherson Companies 109
12.9.1 Company Overview 109
12.9.2 Financial Overview 109
12.9.3 Product/Service Offering 109
12.9.4 Strategy 109
12.10 Blue Sky Diesel Exhaust Fluid (DEF) 110
12.10.1 Company Overview 110
12.10.2 Financial Overview 110
12.10.3 Product/Service Offering 110
12.10.4 Strategy 110
12.11 Carson 111
12.11.1 Company Overview 111
12.11.2 Financial Overview 111
12.11.3 Product/Service Offering 111
12.11.4 Strategy 111
13 Appendix 112
13.1 list of Secondary Sources 112
13.1.1 List of Associations 112
13.1.2 List of Magazines 112
13.1.3 LinkedIn Groups 112

The post Global Diesel Exhaust Fluid Market – Trends & Forecast, 2017-2023 first appeared on CRI Report.