Selective Catalytic Reduction (SCR) Market 2018 Global Major Key Players: Faurecia SA, Tenneco, Eberspacher Group, Benteler International AG, and Magneti Marelli S.p.A, Amminex Emissions Technology

Selective Catalytic Reduction (SCR) Market Research Report 2018 published by “Market Research Future”, Selective Catalytic Reduction (SCR) Market, to register high growth rate during the forecast period of 2023.Global Selective Catalytic Reduction (SCR) Market Information Report by Application (diesel powered vehicles and gasoline powered vehicles), Vehicle Type (passenger vehicle and commercial vehicle), Region (Tracking and Optimization), and by Regions - Global Forecast To 2023

Market Scenario

Selective catalytic reduction basically controls the emission of nitrous oxide by adding automotive grade urea into the exhausts which results in conversion of nitrogen oxides into carbon di oxide, nitrogen and water. Selective Catalytic Reduction (SCR) has witnessed tremendous growth off late mainly due to the favorable government policies across the globe trying to curb vehicle emission. Alarming growth in health hazards caused due to vehicular emission have resulted in growing awareness among individuals contributing towards the growth of the selective catalytic reduction (scr) market. With diesel engines contributing a major part of the vehicle emission, application of selective catalytic reduction in diesel vehicles has propelled in recent times. Many major manufacturers in the automotive industry are paying head towards the growing demand for higher fuel efficiency in vehicles as a result of which selective catalytic reduction market has registered high growth rate off late. Latest trends in the market include the growing prominence of single module aftermarket treatment device which is designed to meet higher fuel efficiency and greenhouse gas standards across the globe.

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Automotive Selective Catalytic Reduction (SCR) Market Key Players Analyzed in This Research:

Faurecia SA (France), Tenneco, Inc. (U.S.), Eberspacher Group (Germany), Benteler International AG (Germany), and Magneti Marelli S.p.A. (Italy), Amminex Emissions Technology (Denmark), Toyota Motor Corporation (Japan), and SDC Materials (U.S.)

Regional Analysis:

The Asia-Pacific region is expected to provide lucrative opportunities to layers in the Selective Catalytic Reduction (SCR) system market. Stringent government regulations combined with improving transportation facilities and infrastructure are expected to aid the growth of the Selective Catalytic Reduction (SCR) system market in this region. With government authorities in countries such as India and China encouraging original equipment manufacturers to implement such systems in vehicles mainly to enhance fuel efficiency and curb emissions, the market for Selective Catalytic Reduction (SCR) is expected to thrive in this region. Growing vehicle production and demand in the Asia-Pacific region is also expected to push the demand in the selective catalytic reduction market. Increasing investment in the automotive sector combined with massive overhaul of the infrastructure are other major factors driving the market in this region.

Other regions such as North America and Europe are also poised for rapid growth. Existence of sophisticated technology and major manufacturers in this region provides solid groundwork for the Selective Catalytic Reduction (SCR) firms in this region. Established automotive industry also aids the growth of the market in these regions mainly due to the availability of sophisticated infrastructure for the major market layers to build up on.

Market Research Analysis:

A major restraint for the automotive Selective Catalytic Reduction, is the government regulations over its certification. The automotive selective catalytic reduction needs to clear all the certification processes led by the government and the transportation department. However, several manufacturers face various difficulties in getting NOCs from these departments. Moreover, the manufacturers need to obtain these certificates to sell or export their products to other places such as US’s DOT, China’s CCC, Brazil’s INMETRO, Japan’s JAS, India’s RTO. Therefore, owing to these factors, the market has faced various challenges that could obstruct the market growth.

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