Automotive Selective Catalytic Reduction (SCR) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Automotive Selective Catalytic Reduction (SCR) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Automotive Selective Catalytic Reduction Market

The automotive selective catalytic reduction market size was valued at USD 13.14 billion in 2022, and the market is now projected to grow from USD 13.85 billion in 2023 to USD 20.90 billion by 2030, exhibiting a CAGR of 6.1% during the forecast period of 2023-2030.

Pandemic trouble had a critical effect on the business. Automakers in several areas, such as Europe, have ceased sales and manufacture. The pandemic precipitated automakers to close plant SCR systems and disrupt the supply chain, negatively hurting the marketplace. The European automobile Manufacturers Association (ACEA) and the European Automotive Suppliers Association (CLEPA) have created a Business Code of Conduct to help the auto place resume easily and rapid. This code of conduct outlines workplace safety and health rules, contractual supply, timely communication networks, and synchronized restart procedures. All of these elements linked with business restarts are expected to drive industry growth.

The car Selective Catalytic Reduction market is developing because of strict EU and US emission policies. The Euro 6 preferred, which got here into effect in 2014, units strict limits on nitrogen oxides (NOx) emissions from diesel automobiles. To comply, automakers have adopted catalytic discount systems. The heavy-duty engine and vehicle standards also set limits on NOx emissions from heavy-duty automobiles. These guidelines require advanced emission control technologies, which include catalytic discount systems, to fulfill the requirements. The increasing environmental cognizance and government norms are expected to boost automotive selective catalytic reduction market growth.

Catalytic discount structures are more and more being followed in passenger motors due to stricter emission policies and the need to lessen NOx emissions from diesel engines. Manufacturers are investing in studies and development to decorate the performance of SCR catalysts, improving sturdiness and conversion efficiency. Advanced catalysts achieve higher NOx discount fees and decrease urea consumption dependency, ensuing in stepped forward efficiency. The mixture of catalytic discount with Exhaust Gas Recirculation (EGR) structures is likewise gaining traction, allowing automakers to achieve better stages of NOx reduction and better compliance with emission guidelines.

Comprehensive Analysis of Automotive Selective Catalytic Reduction Market

The Selective Catalytic Reduction market is segmented into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. Heavy commercial vehicles are expected to dominate the market due to strict emission regulations aiming to reduce nitrogen oxide (NOx) emissions. Passenger vehicle growth is also driving market growth, as these systems optimize performance and fuel efficiency. The market is divided into copper zeolite, iron zeolite, and others. Copper zeolite is the major market share due to its high temperature capability and efficiency in converting nitrogen oxide. Iron zeolite is expected to show growth due to its high thermal stability and control over wider operation conditions. The OEM segment is expected to grow due to the continued demand for diesel engines and the availability of retrofit solutions.

The Asia Pacific region lead the automotive selective catalytic reduction market share by benefitting a market size of USD 5.12 billion in 2022 due to Asia Pacific is a fast expanding automobile market with rising car ownership rates. Increased car sales, especially in China and India, have led to greater use of catalytic reduction systems. As extra vehicles input the market, demand for pollution manipulate technology, along with catalytic reduction systems, has improved. Asia Pacific has a considerable industrial vehicle market, encompassing vehicles and buses for transportation, logistics, and public transit. These structures are notably used in commercial automobiles, in particular diesel engines, to minimize NOx emissions. The expansion of the commercial vehicle sector in the region has increased demand for these systems.

Tenneco Inc. manufactures, designs, and markets automotive products for aftermarket and OEM clients worldwide. The company's four business segments (Ride Performance, Motor Parts, Powertrain, and Clean Air) provide sophisticated technological solutions to clients internationally. Key players include Envirotherm GmbH (Germany), Cormetech (US), Johnson-Matthey (UK), and BASF (Germany), Ceram-Ibiden (Austria), Manufacturers include Bosch (Germany), Bosal (Belgium), and Faurecia (France), Magneti Marelli Spa (Italy), Haldor Topsoe (Denmark), Tenneco Inc. (US), Röchlingsroup (Germany), and Plastic Omnium (France) are global leaders in automobile technology.

January 2022 – A Brisbane-based firm has received a USD 30 million federal grant to assure continuous supply of Ad Blue emissions treatment fluid for large trucks, contemporary diesels, vehicles, and four-wheelers.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 6.1% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Vehicle Type

Passenger Vehicle

Light Commercial Vehicle

Heavy Commercial Vehicle

By Catalyst Type

Copper Zeolite

Iron Zeolite

Others

By Sales Channel

OEM

Aftermarket

By Geography

North America (By Vehicle Type, By Catalyst Type, By Sales Channel)

- U.S. (By Vehicle Type )

- Canada (By Vehicle Type )

- Mexico (By Vehicle Type )

Europe (By Vehicle Type, By Catalyst Type, By Sales Channel )

- U.K. ( By Vehicle Type )

- Germany (By Vehicle Type )

- France (By Vehicle Type )

- Italy (By Vehicle Type )

- Rest of Europe (By Vehicle Type )

Asia Pacific (By Vehicle Type, By Catalyst Type, By Sales Channel )

- China (By Vehicle Type )

- India (By Vehicle Type )

- Japan (By Vehicle Type )

- South Korea (By Vehicle Type )

- Rest of Asia Pacific (By Vehicle Type )

Rest of the World (By Vehicle Type, By Catalyst Type, By Sales Channel )


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