South Africa AdBlue Oil Market 2019 | Forecast, Size, Growth, Opportunities and Trends 2024

Report Overview:

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.

Players Covered:

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.

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Segmental Analysis

The segmentation of the South Africa AdBlue market is carried out on the basis of technology and application. The technology based segment of the market is bifurcated into Selective Catalytic Reduction and Exhaust Gas Recirculation. The selective Catalytic Reduction technology is accredited for around 82 percent of the market share in 2017 and is projected to touch USD 157.1 million by 2024. The application based segmentation of the market is segmented into farm machinery, automotive, construction machinery, railway engines, electronic generators, and others. Amongst these applications, the automotive industry accounts for around 62 percent of the overall market share in 2017. The segment is projected to achieve values worth USD 118.7 million by 2024 while growing at a CAGR of 5.03 percent. The passenger cars segment is singularly responsible for approximately 48 percent share of the overall automotive segment in 2017 and is estimated to develop at a strong CAGR of 5.06 percent by the end of the forecast period. However, railway engines segment is estimated to develop at a top CAGR of 5.67percent in the forecast period.

Market Snapshot:

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.

Research Methodology:

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.

Other Description

Currency- USD Million

Base year- 2016

Volume Unit- Thousand Tons

Forecast Period- From 2017 to 2024

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