IMARC Group’s latest research report, titled “Automotive Selective Catalytic Reduction Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global automotive selective catalytic reduction market reached a value of US$ 7.74 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.93 Billion by 2027, exhibiting a CAGR of 5.60% during 2022-2027.
Automotive selective catalytic reduction (SCR) represents an advanced system that minimizes nitrogen oxide (NOx) tailpipe emissions to nearby-zero levels in newer generation diesel-powered vehicles and equipment. It generally relies on diesel exhaust fluid (DEF) to convert nitrogen oxides into nitrogen, water, and tiny amounts of carbon dioxide (CO2). In addition to this, the automotive selective catalytic reduction is highly fuel-efficient and cost-effective, which allows manufacturers to maximize fuel economy and balance engine performance.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by component, vehicle type, fuel type and region.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Automotive Selective Catalytic Reduction Market
- Strategies of major players and product offerings
The increasing prevalence of respiratory diseases, on account of the inflating levels of air pollution, is primarily driving the automotive selective catalytic reduction market. Moreover, the implementation of various stringent regulations by government bodies to reduce harmful emissions from vehicles, owing to the combustion of fuel oil, diesel fuel, petrol, gasoline, biodiesel, etc., is acting as another significant growth-inducing factor. Apart from this, the expanding automotive industry is also positively influencing the global demand for automotive SCR. Furthermore, the leading manufacturers are extensively investing in R&D activities to introduce three-way catalysts for vehicles that enhance fuel efficiency and minimize carbon dioxide (CO2) emissions substantially at lower operating temperature. This, in turn, is anticipated to propel the automotive selective catalytic reduction market over the forecasted period.
Key Players Included in Global Research Report:
- BASF SE
- 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
- Tenneco Inc.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Breakup by Component:
- Urea Tank
- Urea Pump
- Engine Control Unit (ECU)
Breakup by Vehicle Type:
- Passenger Vehicles
- Commercial Vehicles
The Breakup by Fuel Type:
Breakup by Region:
- 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
TOC for the Automotive Selective Catalytic Reduction Market Research Report:
- Scope and Methodology
- Executive Summary
- Global Automotive Selective Catalytic Reduction Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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