Global Marine Urea (AUS 40) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Marine Urea (AUS 40) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Marine Urea (AUS 40) is a NOx reduction agent that has been specifically developed for use with SCR systems in marine applications. It is a colorless, organic compound of carbon, nitrogen, oxygen, and hydrogen (CO(NH2)2), and is non-toxic, non-flammable and stable solution. This catalyst is utilized in the SCR system which helps to reduce the level of nitrogen oxides (NOx) in the exhaust emissions produced by the marine diesel engines.

Market Overview:

The latest research study on the global Marine Urea (AUS 40) market finds that the global Marine Urea (AUS 40) market reached a value of USD 102.71 million in 2022. It’s expected that the market will achieve USD 217.54 million by 2028, exhibiting a CAGR of 13.32% during the forecast period.

The rapid development of maritime industry

Maritime affairs are almost everything related to oceans or waterways around the world, especially in navigation, shipping and ocean engineering. Shipping has been the main mode of transportation for a long time, and it is also an important communication link connecting coastal cities, countries and the mainland. Besides railway transportation, waterway transportation is the most effective way to travel or transport goods economically and environmentally. Today, about 90% of world trade is undertaken by the international shipping industry. The huge increase of world population and the consequent increase of energy demand in developing countries and developed countries require increasing offshore oil and gas exploration and production. 60% of America's energy is imported by ships. Marine Urea (AUS 40) apply to Selective Catalytic Reduction (SCR) is used to meet the diesel emission requirements. SCR is an effective method of boosting fuel consumption, and the higher a system’s NOx output is, the better the fuel consumption. In most cases, the cost of the diesel exhaust fluid is offset by the lower price of fuel consumption, making it an affordable solution for lowering pollution and adhering to today’s maritime standards. The rapid development of maritime industry will promote the development of Marine Urea (AUS 40) industry.

Competition in the industry is fierce

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made. The Marine Urea (AUS 40) industry is facing a fierce competitive position. Many companies have been doing business in this industry. They pay more attention to R&D, product innovation, channel construction and customer relationship management, trying to gain greater market share and competitive advantage.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Europe (37.91% in 2022).

Company Overview:

Yara is one of the major players operating in the Marine Urea (AUS 40) market, holding a share of 19.62% in 2023.

Yara

Yara International ASA is a Norwegian chemical company. Its largest business area is the production of nitrogen fertilizer; however, it also encompasses the production of nitrates, ammonia, urea, and other nitrogen-based chemicals.

ECOUREA

ECOUREA is a leading manufacturer and supplier of emissions control reagents such as AUS40 / AUS32 / AdBlue / Marine Urea and Ammonia water for use in all existing Selective Catalytic Reduction (SCR) systems.

Segmentation Overview:

By type, High-Pressure SCR segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Cargo Carriers, with a market share of 44.2% in 2022.

Key Companies in the global Marine Urea (AUS 40) market covered in Chapter 3:

Guangzhou Everblue Technology
NOVAX Material
ECOUREA
Chemo Marine Chemicals
GreenChem
CF Industries
Innoco Oil Pte Ltd
Yara

In Chapter 4 and Chapter 14.2, on the basis of types, the Marine Urea (AUS 40) market from 2018 to 2029 is primarily split into:

High-Pressure SCR
Low-Pressure SCR

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Marine Urea (AUS 40) market from 2018 to 2029 covers:

Cargo Carriers
Oil Tank
Container
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)