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%. Asia-Pacific was the highest revenue contributor, accounting for $3.16 billion in 2018, and is estimated to reach $9.88 million by 2026, with a CAGR of 15.1%. Asia-Pacific and Europe collectively accounted for around 72.6% share in 2018, with the former constituting around 52.3% share. Asia-Pacific and Europe are expected to witness considerable CAGRs of 15.1% and 9.0%, respectively, during the forecast period. The cumulative share of these two segments was 72.6% in 2018, and is anticipated to reach 82.1% by 2026.
Selective catalytic reduction is an advanced active emission control technology in which a liquid-reductant agent is injected into exhaust stream of a diesel engine through a special catalyst. The reducing agent is usually urea of automotive grade also known as diesel exhaust fluid (DEF), which starts a chemical reaction to convert nitrogen oxide into water, nitrogen, and minute amount of carbon dioxide (CO2). Selective catalytic reduction system for automobiles is designed to carry out the nitrogen oxide (NOx) reduction reaction to take place in an oxidized environment. It is called selective as it reduces levels of NOx using ammonia as a reductant within a catalyst system.
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Major Market Players:
- Johnson Matthey
- KAUTEX TEXTRON GMBH & CO. KG
- Magneti Marelli S.p.A (subsidiary of FCA)
- PLASTIC OMNIUM
- ROBERT BOSCH GmbH
- Tenneco Inc
An exhaust system in a vehicle provides low emission from the vehicle, thereby causing less damage to the environment. Implementation of various government regulations across the globe for emission reduction has enabled vehicle manufacturers to develop better and advanced emission reduction systems, thereby supplementing the automotive selective catalytic reduction market growth.
Factors such as surge in emission control regulations by government and increase in automobile production drive the automotive selective catalytic reduction market growth. However, surge in production of electric vehicles and high cost of catalysts hamper the growth of the market. On the contrary, innovations in emission control catalysts and government initiatives for emission reduction in developing nations are expected to offer remunerative opportunities for market expansion.
Key Market Segments
- BY COMPONENT
- Urea Tank
- Urea Pump
- Engine control unit (ECU)
- BY VEHICLE TYPE
- PASSENGER VEHICLE
- COMMERCIAL VEHICLE
- BY FUEL TYPE
- BY REGION
- NORTH AMERICA
- Rest of Europe
- SOUTH KOREA
- REST OF ASIA-PACIFIC
- LATIN AMERICA
- MIDDLE EAST
- NORTH AMERICA
Government has established stringent regulations for emission of pollutants from vehicles owing to combustion of fuels such as diesel fuel, fuel oil, petrol, gasoline, and biodiesel, and others. Euro 6 is a latest emission regulation set by the European Union Directive to reduce the release of harmful gases such as carbon monoxide(CO), nitrogen oxide (NOx), and hydrocarbons from exhaust system of the vehicle. Similarly, automotive catalyst is equipped in catalyst converters, an emission control device, which is used to convert toxic and harmful gases from engines into less toxic pollutants and help to meet the government emission standards. Thus, enforcement of stringent government regulations toward emission control boost the demand for automotive selective catalytic reduction technology, which fuels the growth of the global market.
Developing nations have witnessed rise in demand and production of automobile. For instance, in 2018, India became the fourth largest automobile industry in the world with increase in sale by 9.5% year-on-year to 4.2 million units. This rise in automobile production in developing nations has led to increase in production in demand for automotive catalysts system for emission control devices in automobile exhaust systems. Therefore, increase in automobile production is anticipated to boost the growth of the global automotive selective catalytic reduction (scr) market.
Key players of the emission reduction technology market are investing in improvement and development of catalysts. For instance, Johnson Matthey Inc., a leading automotive catalyst producer, is focusing on the development of three-way catalyst for future vehicle, which improves fuel efficiency and reduces carbon dioxide (CO2) emission substantially at lower operating temperature. A three-way catalyst can reduce the emitted pollutant from vehicle at 100% conversion efficiency at its operational temperature, above 400ºC, which is considerably higher. Such innovations in automotive catalysts are anticipated to provide future growth opportunity for the market.
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