Automotive Selective Catalytic Reduction Market Growth, Outlook, Revenue, Size, Demand and Forecast 2023-2028 | BASF SE, BOSAL, Continental AG, CORMETECH Inc.

According to the latest report by IMARC Group, "Global Automotive Selective Catalytic Reduction (SCR) Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2023-2028", 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.

Request Free Sample Report: https://www.imarcgroup.com/automotive-selective-catalytic-reduction-market/requestsample

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.

Market Trends and Drivers:

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.

Automotive Selective Catalytic Reduction (SCR) Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global automotive selective catalytic reduction (SCR) market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• BASF SE
• BOSAL
• Continental AG
• Johnson Matthey
• Kautex Textron GmbH & Co. KG (Textron Inc.)
• Magneti Marelli S.p.A.
• CORMETECH Inc.
• Faurecia SE
• Plastic Omnium
• Robert Bosch GmbH
• Röchling SE & Co. KG
• Tenneco Inc.

Key Market Segmentation:

The report has segmented the global automotive selective catalytic reduction (SCR) market based on the basis of component, vehicle type, fuel type and region.

Breakup by Component:
• 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:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=5472&flag=C

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States

About Us:

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.

This release was published on openPR.