The global automotive selective catalytic reduction (SCR) market size reached US$ 8.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028.
Automotive selective catalytic reduction (SCR) is an advanced active emissions control technology system that reduces nitrogen oxide (NOx) tailpipe emissions to near-zero levels in newer generation diesel-powered vehicles and equipment. It relies on diesel exhaust fluid (DEF) to convert nitrogen oxides into nitrogen, water, and tiny amounts of carbon dioxide (CO2). It is highly cost-effective and fuel-efficient, which allows manufacturers to balance engine performance and maximize fuel economy. At present, there is a rise in the production of vehicles, which is catalyzing the demand for automotive selective catalytic reduction (SCR) globally.
The growing utilization of automotive catalysts systems in emission control devices of automobiles represents one of the key factors driving the market across the globe. Moreover, governments of several countries are implementing stringent regulations on the emission of pollutants from vehicles owing to the combustion of fuels, such as diesel fuel, fuel oil, petrol, gasoline, and biodiesel. As a result, manufacturers are installing automotive SCR systems in vehicles, which is propelling the growth of the market. In addition, there is a considerable increase in the prevalence of respiratory diseases due to the growing air pollution around the world. This, coupled with the rising awareness about the benefits of automotive SCR to reduce emissions, is offering lucrative growth opportunities to industry investors. Besides this, the increasing development of transportation infrastructure worldwide is positively influencing the market. Apart from this, key market players are extensively investing in research and development (R&D) activities to develop three-way catalysts for vehicles that improve fuel efficiency and reduce carbon dioxide (CO2) emission substantially at lower operating temperatures. In line with this, the expanding automobile industry is bolstering the growth of the market.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive selective catalytic reduction (SCR)market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, vehicle type and fuel type.
Breakup by Component:
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Urea Tank
Urea Pump
Engine Control Unit (ECU)
Injector
Others
Breakup by Vehicle Type:
Passenger Vehicles
Commercial Vehicles
Breakup by Fuel Type:
Gasoline
Diesel
Breakup by Region:
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North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, BOSAL, Continental AG, CORMETECH Inc., Faurecia SE, Johnson Matthey, Kautex Textron GmbH & Co. KG (Textron Inc.), Magneti Marelli S.p.A., Plastic Omnium, Robert Bosch GmbH, Röchling SE & Co. KG and Tenneco Inc.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2022
Historical Period
2017-2022
Forecast Period
2023-2028
Units
US$ Billion
Segment Coverage
Component, Vehicle Type, Fuel Type, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
BASF SE, BOSAL, Continental AG, CORMETECH Inc., Faurecia SE, Johnson Matthey, Kautex Textron GmbH & Co. KG (Textron Inc.), Magneti Marelli S.p.A., Plastic Omnium, Robert Bosch GmbH, Röchling SE & Co. KG and Tenneco Inc.
Customization Scope
10% Free Customization
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Key Questions Answered in This Report
The global automotive selective catalytic reduction (SCR) market was valued at US$ 8.2 Billion in 2022.
We expect the global automotive selective catalytic reduction (SCR) market to exhibit a CAGR of 5.5% during 2023-2028.
The rising application of automotive selective catalytic reduction to reduce emissions of pollutants from
vehicles, balance engine performance, and maximize fuel economy is primarily driving the global
automotive selective catalytic reduction (SCR) market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary closure of numerous automotive
manufacturing units, thereby limiting the demand for automotive Selective Catalytic Reduction (SCR)
system.
Based on the component, the global automotive selective catalytic reduction (SCR) market can be
segmented into urea tank, urea pump, Engine Control Unit (ECU), injector, and others. Among these,
urea tank holds the majority of the total market share.
Based on the vehicle type, the global automotive selective catalytic reduction (SCR) market has been
divided into passenger vehicles and commercial vehicles, where passenger vehicles currently exhibit a
clear dominance in the market.
Based on the fuel type, the global automotive selective catalytic reduction (SCR) market can be
categorized into gasoline and diesel. Currently, diesel accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global automotive selective catalytic reduction (SCR) market include BASF SE, BOSAL, Continental AG, CORMETECH Inc., Faurecia SE, Johnson Matthey, Kautex Textron GmbH & Co. KG (Textron Inc.), Magneti Marelli S.p.A., Plastic Omnium, Robert Bosch GmbH, Röchling SE & Co. KG, and Tenneco Inc.
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