ID: MRFR/CnM/4762-CR | July 2018 | Region: Bric | 190 pages
The South Africa adblue oil Market size would increase and the CAGR of 4.83 would be achieved.
The AdBlue Oil Market in South Africa has been showcasing exceptional performance in the recent years.
AdBlue Oil is a diesel exhaust liquid that is used in different kinds of vehicles. It is considered to be a very popular fluid mix that is used for gasoline and diesel fuel-based vehicles. This demand for the mix has been surging rapidly as it facilitates Selective Catalytic Reduction (SCT) Technology apart from other chemical reactions with exhaust gases. It is environmentally friendly as it reduces the emission of nitrogen oxides.
The South Africa AdBlue Oil Market is growing at a rapid pace. Some of the main reasons that are contributing to the increased South Africa adblue oil market demand include the increase in vehicle parc, and high growth in the sales of commercial as well as passenger vehicles. An in-depth South Africa adblue oil market overview has been presented by conducting market analysis, competitive evaluation and value chain analysis. The impact of COVID-19 pandemic has also been examined in the report.
The infectious COVID-19 pandemic has acted as a major bottleneck for the AdBlue Oil market in South Africa as it has adversely affected the South Africa Adblue Oil Market Share. Due to stringent social distancing rules and restricted mobility, the use of vehicles has been affected which has negatively impacted the market demand.
In order to curtail the adverse impact of the pandemic, the South African government and responsible authorities have been proposing innovative strategies and measures. The chief market players have been working on adopting innovative strategic approaches which has helped the market to stabilize and showcase consistent performance.
The chief players that operate in the market are:
The chief players that shape the performance of this market are Viscol Oil Company and Engen Petroleum Ltd. They significantly contribute to the market growth and are likely to shape the market performance in the future.
Engen Petroleum Ltd is a prominent player in the adblue oil market. A chief strength of the organization is the use of innovative approaches to produce refined petroleum products.
Key market dynamics
In the current times, there has been a surge in the sales of passenger cars and commercial vehicles. This has led to the increase in gasoline and diesel fuel-based vehicles on the streets and the market demand has been favourably affected.
The environmentally-friendly nature of the adblue oil has also played a key role to boost its overall demand in the nation. The oil supports SCR technology which reduces the emission of air pollutants such as nitrogen oxides. Since governments have been introducing stringent environmental standards, the demand for the market offering has further increased.
In the year 2017, the market was valued at USD 136.09 million. The South Africa Adblue Oil Market share can be increased by making the most of the available market opportunities. With the rising number of vehicles on the streets, the demand for South Africa Adblue Oil could further expand during the forecasted period. The COVID-19 pandemic has also revolutionized the business landscape and it has created new opportunities that the industry players can exploit.
The key players in the industry have been playing an integral role and working on new strategies to adapt to the evolving business landscape. It would intensify the competitiveness and influence the growth potential of the market. The integration of technology is also likely to play a key role to influence the South Africa adblue oil market trends during the forecasted period.
Even though the South Africa Adblue Oil Market forecast has revealed the presence of numerous market opportunities, a number of threats and challenges could arise in the market as well. One of the main threats that exist in the market revolves around the COVID-19 pandemic. Due to the pandemic, the number of vehicles on the streets has drastically reduced which has adversely affected the level of demand of the this market.
In order to address the threats and challenges that could negatively affect the industry performance, the business players have been working to overcome the hurdles. Such a comprehensive approach would help to impact the market performance during the projected time period.
The South Africa Adblue Oil Market projection has shed light on the fact that the rise in automobile sales could play a major role to mold the market growth. The COVID-19 pandemic has acted as a major obstacle in the business landscape. In order to address the issue, the key market players and the South African government have been proposing new strategies. These strategies have played a cardinal role to bring stability and consistency in the market.
The market players have been playing a vital role to influence the South Africa Adblue Oil market size. During the forecasted period, their strategic approach and performance would play an influencing role to shape the industry growth.
Value chain analysis
The South Africa Adblue Oil Market has been delivering consistent and solid performance in the recent years. In the year 2017, the market was valued at about USD 136.09. It is further expected that during the projected time period, there would be a healthy growth in the CAGR. The new and innovative strategies by the market players would influence the stability in the market.
The main factor that would contribute to the solid market presence is the surge in commercial as well as passenger vehicles. One of the key South Africa Adblue Oil Market trends that would play a dominating role to influence the industry growth is the environmentally-friendly nature.
Key market segments
The South Africa Adblue Oil Market can be segmented into exhaust gas recirculation and selective catalytic reduction on the basis of technology. Both of the market segments are influenced by diverse factors.
In the year 2017, the selective catalytic reduction segment accounted for almost 82 % of the market share. It is expected that during the forecasted period, the segment would dominate and influence the South Africa adblue oil market demand.
The market can be segmented into automotive, farm machinery, construction machinery, electronic generators, and railway engines on the basis of application. The use of the oil for diverse purposes would influence its growth potential in the future.
In the year 2017, the automotive segment contributed for the largest market share which was valued at USD 84.7 million. During the forecasted period, the segment is likely to dominate and influence the market growth.
The South Africa adblue oil market forecast is based on the market dynamics that exist in South Africa. Some of the key factors that shape the attractiveness of the region include the rise in the demand of automobiles, increase in rise in gasoline and diesel fuel-based automobiles.
The environmental standards that have been introduced by the South African government play a key role to shape the attractiveness of the market. The initiatives taken by the government play a major role to influence the competitive intensity.
The report captures the growth potential of the South Africa AdBlue Oil Market for the forecasted period till 2024.
The market segmentation table has been presented below:
|Market Size||2030 : Significant value|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Technology, Application and End-Use|
|Geographies Covered||South Africa|
|Key Vendors||BASF SE, Viscol Oil Company, Engen Petroleum Ltd|
|Key Market Opportunities||With the rising number of vehicles on the streets, the demand for South Africa Adblue Oil could further expand during the forecasted period.|
|Key Market Drivers||In the current times, there has been a surge in the sales of passenger cars and commercial vehicles.|
Frequently Asked Questions (FAQ) :
The market is expected to grow at the CAGR of 4.83 % from the year 2017 to 2024.
The chief growth drivers of the market include the expansion in the middle-class population and focus on environmental measures.
The main players that contribute to the growth of the market include BASF SE and Viscol Oil Company.
South Africa AdBlue Oil Market: Competitive Landscape
The prominent players in the AdBlue Oil Market include BASF SE (Germany), Engen Petroleum Ltd (South Africa), and Viscol.Co.Za. (Republic of South Africa).
Among the aforementioned companies, none of the companies made any significant development in the AdBlue market. However, the companies have strategic visions to offer quality-based products and services to their customers across the globe.
BASF SE is known for its production of an enormous range of chemical products and various intermediate solutions. The company has five major business segments, namely- performance products, chemicals, functional materials and solutions, oil & gas, and agricultural solutions. With a workforce of around 10,000 employees, the company invests heavily in research & development activities. The product comes under the chemicals segment, which also offers a range of plasticizers and high-volume monomers, electronic chemicals, raw materials for detergents, plastics, textile fibers, paints and coatings, plant protection and pharmaceuticals. The AdBlue by BASF meets all EURO IV, V and VI objectives.
Engen Petroleum Ltd is engaged in manufacture, distribution, and marketing of downstream refined petroleum and related products. The company has a wide range of product portfolio, which includes automotive fuels & lubricants, industrial fuels & lubricants, aviation fuels & lubricants, marine fuels & lubricants, bitumen, and chemicals & special products. The company has its presence in more than 20 countries and deals with product exportation in over 30 countries, mainly in Africa and the Indian Ocean Islands. The company offers Air1, which is an AdBlue product.
Viscol.Co.Za. is an oil-based company with a product range of lubricants and supplies high-quality products on sound technology. The product range includes lubricants (industrial and automotive), cutting fluids, and other specialty products. The company is engaged in extensive research and development, which helps ensure that their products meet or exceed specifications as determined by the manufacturers, the International Standards Organization (ISO), and American Petroleum Institute (API).