Automotive Selective Catalytic Reduction (SCR) Market Accelerates Growth Amid Rising Emission Regulations and Demand for Cleaner Mobility

Asia-Pacific dominates the market, followed by Europe, North America and LAMEA in terms of growth rate. Japan dominated the global automotive selective catalytic reduction (SCR) market share in 2018, whereas India is expected to grow at a significant rate in the automotive selective catalytic reduction (scr) market during the forecast period.

Selective catalytic reduction system is used in a vehicle to reduce the emission of harmful components such as nitrogen oxide (NOx) and other components. It is an advanced active emission control technology, which injects a liquid-reductant agent into exhaust stream of a diesel engine through a special catalyst. This includes urea designed for automotive purpose as a chemical reactant, which converts nitrogen oxide into water, nitrogen, and minute amount of carbon dioxide (CO2). The entire reduction reaction is carried out in an oxidizing environment, which is beneficial to carry out the reaction process in an efficient way, thereby emitting water droplets and other gases from the exhaust outlet.

🔰 Download Sample Pages - https://www.alliedmarketresearch.com/request-sample/A06015

According to a recent report published by Allied Market Research, titled, " Automotive Selective Catalytic Reduction Market by Component, Vehicle Type, and Fuel Type: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global automotive selective catalytic reduction (SCR) market was valued at $6.05 billion in 2018, and is projected to reach $15.05 billion by 2026, registering a CAGR of 12.0%.

Implementation of emission control regulation by government and increase in automobile production have boosted the growth of the global automotive SCR market. However, surge in production of electric vehicles and high cost of catalysts hamper the market growth. On the contrary, innovations in emission control catalysts and government initiatives for emission reduction in developing nations are expected to create lucrative opportunities in the near future.

The global automotive SCR market is segmented on the basis of component, vehicle type, fuel type, and geography. Based on component, the market is divided into urea tank, urea pump, engine control unit (ECU), and injector. The urea tank segment held the largest share in 2018, accounting for around two-fifths of the market. However, the injector segment is projected to register the highest CAGR of 15.3% during the forecast period.

Interested to Procure the Research Report? Inquire Before Buying - https://www.alliedmarketresearch.com/purchase-enquiry/A06015

On the basis of vehicle type, the market is segmented into passenger cars and commercial vehicles. The passenger cars segment dominated the market in 2018, accounting for nearly three-fourths of the market. However, the commercial vehicles segment is projected to register the portray the highest CAGR of 12.7% during the forecast period.

Increase in automobile production significantly contributes toward the growth of the global market. Conversely, surge in production of electric vehicles and high cost of catalysts hamper the market growth. However, innovations in emission control catalysts and government initiatives for emission reduction in developing nations are expected to offer lucrative opportunities for automotive selective catalytic reduction market expansion.

Based on fuel type, the market is categorized into gasoline and diesel. The diesel segment held the largest share in 2018, contributing to more than 99% of the market. However, the petrol segment is projected to register the highest CAGR of 28.3% from 2019 to 2026.

The global automotive SCR market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific dominated the market in 2018, accounting for more than half of the market, and is projected to register the highest CAGR of 15.1% during the forecast period.

Request for Customization at - https://www.alliedmarketresearch.com/request-for-customization/A06015

The global automotive SCR market report includes an in-depth analysis of the major market players such as Faurecia, Bosal, Johnson Matthey, Friedrich Boysen GmbH & Co., KG., Magneti Marelli SPA, Kautex Textron GmbH & Co., KG, Robert Bosch GmbH, Plastic Omnium SA, Rochling Group, and Tenneco Inc.

Contact:
David Correa
5933 NE Win Sivers Drive
205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.