The AdBlue Market is expected to register a CAGR of less than 5% during the forecast period.
In 2020, COVID-19 had a detrimental effect on the market. The automotive industry, which is a major sink for AdBlue, was badly hit, especially due to curtailments in the production of commercial and passenger vehicles. However, the sector has been recovering well since restrictions were lifted. The AdBlue market recovered significantly in the 2021-22 period, owing to rising consumption from various applications such as passenger vehicles, non-road mobile machinery, and others.
The AdBlue market is partially consolidated in nature with a few players covering the majority of the market. The key players in the market include (not in any particular order) BASF SE, Shell plc, Bosch Limited, Nissan Chemical Corporation, and Mitsui Chemicals, Inc., among others.
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