IMARC Group’s latest report, titled “Automotive Selective Catalytic Reduction (SCR) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the global automotive selective catalytic reduction (SCR) market size reached US$ 8.2 Billion in 2022. Automotive selective catalytic reduction (SCR) refers to an advanced active emissions control technology that helps lower tailpipe nitrogen oxide (NOx) emissions to almost zero levels in new-generation diesel-powered vehicles and equipment. It utilizes diesel exhaust fluid (DEF) to convert nitrogen oxides into nitrogen, water, and small amounts of carbon dioxide (CO2). It is a cost-effective and fuel-efficient system that aids in virtually eliminating emissions from diesel engines. Since it enables manufacturers to balance engine performance and maximize fuel economy, automotive SCR is rapidly gaining traction across the globe.
Global Automotive Selective Catalytic Reduction (SCR) Market Trends:
The rising production and sales of vehicles owing to inflating consumer purchasing power, rapid urbanization, and improving lifestyles represent the primary factor driving the market growth. Besides this, the surging adoption of automotive catalysts systems in emission control devices of automobiles is positively influencing the market growth. Additionally, various automotive manufacturers are installing automotive SCR systems in vehicles due to the introduction of stringent government regulations on vehicle emissions caused by the combustion of fuels such as diesel, petrol, gasoline, and biodiesel. In line with this, the growing concerns regarding high pollution levels and the increasing prevalence of respiratory problems have augmented product demand. Furthermore, the leading players are developing innovative three-way catalysts for vehicles that enhance fuel efficiency and lower carbon dioxide (CO2) emissions substantially at reduced operating temperatures. Along with this, heavy investments in research and development (R&D) activities have propelled market growth. Other factors, including the significant expansion in the automotive industry, escalating demand for vehicle fuel efficiency, improvements in transportation infrastructure, rising environmental consciousness, and ongoing product innovations, are also providing a positive thrust to the market growth. Looking forward, IMARC Group expects the market value to reach US$ 11.5 Billion by 2028, growing at a CAGR of 5.5% during the forecast period (2023-2028).
- Based on the component, the market has been segmented into urea tank, urea pump, engine control unit (ECU), injector, and others.
- On the basis of the vehicle type, the market has been bifurcated into passenger and commercial vehicles.
- The market has been classified based on the fuel type into gasoline and diesel.
- Region-wise, the market has been divided into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has also been analyzed, with some 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.
|Base Year of the Analysis
| Historical Period
||Component, Vehicle Type, Fuel Type, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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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