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South Africa AdBlue Oil Research Report Information: Type, Application, Region and End-Use – Forecast Till 2024
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South Africa AdBlue Oil Market Research Report - Forecast to 2024 Industry Survey, Growth, Competitive Landscapeand Forecasts to 2024 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
South Africa AdBlue Oil Market Research Report- Forecast to 2024 South Africa AdBlue Oil Market -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. 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. www.marketresearchfuture.com
South Africa AdBlue Oil Market Research Report- Forecast to 2024 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. Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.marketresearchfuture.com/reports/south-africa-adblue-oil-market-6223 www.marketresearchfuture.com
South Africa AdBlue Oil Market Research Report- Forecast to 2024 Regional Outlook The market in South Africa for AdBlue in terms of volume had a capacity of 327.1 thousand tonnes in 2017 and is expected to develop at a strong CAGR of 4.24 percent throughout the forecast period. The South African market is an emerging country-level market for diesel exhaust fuel (adblue) and is expected to provide substantial development reasons over the forthcoming years. Owing to the increasing automotive sales, the passenger vehicles would further dictate the automotive segment in the coming years. In addition to this, rail businesses such as ABB, Bombardier, and General Electric have established their assembly plants in South Africa, which have been motivating the country’s diesel consumption and ultimately the demand for adblue. As compared to other regions, the African automotive market is significantly smaller. In the African region, South Africa is a highly lucrative market for automotives. The automotive industry is projected to observe an optimistic change owing to the revitalizing economic scenario. This can be accredited to the swell in the income levels and the rise of the middle-class population. Therefore, the Adblue market’s growth in the region is closely following the rise of the automobile sector. Also, the highly protected automotive industry of the country is expected to become fully integrated into the global strategies of foreign parent companies, creating further impetus for the market’s growth. However, the high rate of emission from the increased production and sales of vehicles in South Africa has to be regulated through proper policy measures and tools so as to control the increased carbon footprints. The environment protection regulations have become stringent due to the high number of vehicles in South Africa that have considerably lower fuel efficiency than the European Union based vehicle fleet. Growing use of Adblue in construction equipment and agricultural machinery is projected to rise substantially due to the dependency on their agriculture sector. The agriculture sector generates up to 50 percent of GDP and contributes to more than 80 percent of trade in value and around 50 percent of raw materials to industries. www.marketresearchfuture.com
South Africa AdBlue Oil Market Research Report- Forecast to 2024 Major Players in this Research South Africa AdBlue Oil Market Prominent Players: • Engen Petroleum Ltd (South Africa) • BASF SE (Germany) • Viscol.Co.Za(Republic of South Africa) Obtain a Sample copy of Latest Trends in Chemical Market @ https://www.marketresearchfuture.com/sample_request/6223 www.marketresearchfuture.com
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