Automotive Selective Catalytic Reduction (SCR) Market Size, Share, Forecast Report, 2020-2027

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The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Automotive Selective Catalytic Reduction (SCR) Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Automotive Selective Catalytic Reduction (SCR) market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

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.

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Automotive Selective Catalytic Reduction (SCR) market are included as given below:

� Bosal

� Faurecia

� Friedrich Boysen GmbH & Co., KG.

� Johnson Matthey

� Kautex Textron GmbH & Co.KG

� Magneti Marelli SPA

� Plastic Omnium SA

� Robert Bosch GmbH

� Rochling Group

� Tenneco Inc.

The global Automotive Selective Catalytic Reduction (SCR) market has been segmented as below:

By Component

� Urea Tank

� Urea Pump

� ECU

� Injector

By Vehicle Type

� Passenger Vehicle

� Commercial Vehicle

By Fuel Type

� Gasoline

� Diesel

By Region

� North America

o U.S.

o Canada

o Mexico

� Europe

o Germany

o France

o UK

o Spain

o Russia

o Rest of Europe

� Asia-Pacific

o China

o Japan

o India

o South Korea

o Rest of Asia-Pacific

� LAMEA

o Latin America

o Middle East

o Africa

Reasons to Purchase this Report:

Estimates Automotive Selective Catalytic Reduction (SCR) development trends with SWOT analysis

� Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players

� Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market's expansion

� Market dynamics scenario, along with growth opportunities for players in the years to come

� Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period

� Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects