Aarkstore Market Research
South Africa AdBlue Oil Market 2024
Summary South Africa AdBlue Oil Market Research Report and Forecast 2024
The South Africa AdBlue market was valued at USD 136.09 million in 2017 and is projected to register a healthy CAGR of 4.83% to attain a value mark of USD 188.00 million by the end of 2023. In terms of volume, the global market is expected to exhibit a CAGR of 4.24% to reach 327.14 kilo tons from 434.56 kilo tons.
Key Highlights •
The South Africa AdBlue market was valued at USD 136.09 million in 2017 and is projected to reach USD 188.0 million by 2024 registering a healthy CAGR over the forecast period 20172024.
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The selective catalytic reduction segment accounted for over 82% of the market share in 2017 and is projected to reach USD 157.1 million by the end of the forecast period.
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The automotive segment emerged as the largest segment accounting for nearly 61% of the market share in 2017.
Major Drivers The growing use of emission reduction products such as AdBlue and diesel exhaust fluid in the agricultural machinery and construction equipment is expected to create lucrative opportunities for the manufacturers of AdBlue. • Increasing penetration of passenger cars and commercial vehicles in the African market, wherein South Africa is a bright spot. • Gradual adoption of the global emission reduction norms. • Growing use of the product in agricultural machinery and construction equipment.
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