Automotive Selective Catalytic Reduction (SCR) Market Research and Forecast Report 2023-2028

1. Global Automotive Selective Catalytic Reduction (SCR) Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Automotive Selective Catalytic Reduction (SCR) Market Research Report: The latest report by IMARC, titled “Automotive Selective Catalytic Reduction (SCR) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” finds that the global automotive selective catalytic reduction (SCR) market size reached US$ 8.2 Billion in 2022. Automotive selective catalytic reduction (SCR) refers to an advanced active emissions control technology that helps lower tailpipe nitrogen oxide (NOx) emissions to almost zero levels in new- generation diesel-powered vehicles and equipment. It utilizes diesel exhaust fluid (DEF) to convert nitrogen oxides into nitrogen, water, and small amounts of carbon dioxide (CO2). It is a cost-effective and fuel-efficient system that aids in virtually eliminating emissions from diesel engines. Since it enables manufacturers to balance engine performance and maximize fuel economy, automotive SCR is rapidly gaining traction across the globe. Request reduction-market/requestsample Free Sample Report: https://www.imarcgroup.com/automotive-selective-catalytic-

4. Report Description and Highlights Report Description Global Automotive Selective Catalytic Reduction (SCR) Market Trends: The rising production and sales of vehicles owing to inflating consumer purchasing power, rapid urbanization, and improving lifestyles represent the primary factor driving the market growth. Besides this, the surging adoption of automotive catalysts systems in emission control devices of automobiles is positively influencing the market growth. Additionally, various automotive manufacturers are installing automotive SCR systems in vehicles due to the introduction of stringent government regulations on vehicle emissions caused by the combustion of fuels such as diesel, petrol, gasoline, and biodiesel. In line with this, the growing concerns regarding high pollution levels and the increasing prevalence of respiratory problems have augmented product demand. Furthermore, the leading players are developing innovative three-way catalysts for vehicles that enhance fuel efficiency and lower carbon dioxide (CO2) emissions substantially at reduced operating temperatures. Along with this, heavy investments in research and development (R&D) activities have propelled market growth. Other factors, including the significant expansion in the automotive industry, escalating demand for vehicle fuel efficiency, improvements in transportation infrastructure, rising environmental consciousness, and ongoing product innovations, are also providing a positive thrust to the market growth. Looking forward, IMARC Group expects the market value to reach US$ 11.5 Billion by 2028, growing at a CAGR of 5.5% during the forecast period (2023-2028). Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

5. Report Description and Highlights Report Description Market Summary: 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 • United States

6. Report Description and Highlights Report Description • 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

7. Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • • • • • BASF SE BOSAL 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. View Full Report with TOC & List of Figure: https://www.imarcgroup.com/automotive-selective- catalytic-reduction-market

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10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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