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.
MARKET DYNAMICS
A surge in emission control regulations by the government and an increase in automobile production are driving the growth of the automotive selective catalytic reduction market. However, the surge in the production of electric vehicles and the high cost of catalysts may restrain the growth of the automotive selective catalytic reduction market. Furthermore, the innovations in emission control catalysts and government initiatives for emission reduction in developing nations are anticipated to create a market opportunity for the automotive selective catalytic reduction market during the forecast period.
MARKET SCOPE
The "Global Automotive Selective Catalytic Reduction Market Analysis To 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The automotive selective catalytic reduction market report aims to provide an overview of the automotive selective catalytic reduction market with detailed market segmentation by component, vehicle type, and geography. The global automotive selective catalytic reduction market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive selective catalytic reduction market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global automotive selective catalytic reduction market is segmented on the basis of component and vehicle type. Based on component, the automotive selective catalytic reduction market is segmented into: urea tank, urea pump, electronic control unit, injectors, and others. On the basis of vehicle type, the automotive selective catalytic reduction market is segmented into: passenger car, LCV, and HCV.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automotive selective catalytic reduction market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The automotive selective catalytic reduction market by each region is later sub-segmented by respective countries and segments. The automotive selective catalytic reduction market report covers the analysis and forecast of 15 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the automotive selective catalytic reduction market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the automotive selective catalytic reduction market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE SELECTIVE CATALYTIC REDUCTION MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has a negative impact on the automotive selective catalytic reduction market in 2020. The tremendous growth in the spread of the virus has urged governments worldwide to impose strict restrictions on vehicles and human's movement. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic has affected economies and countless industries in various countries. The lockdown imposition has resulted in lesser production of commodities, goods, and services. However, in 2021, with the uplifting of lockdown and vaccination processes, the automotive companies have started working again. So, the demand for automotive selective catalytic reductions technology has started rising.
MARKET PLAYERS
The reports cover key developments in the automotive selective catalytic reduction market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from automotive selective catalytic reduction market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the automotive selective catalytic reduction market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive selective catalytic reduction market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Bosal
- CORMETECH Inc.
- Envirotherm GmbH
- Haldor Topsoe
- IBIDEM Ceram GmbH
- Johnson Matthey
- Magneti Marelli SPA
- Robert Bosch GmbH
- Umicore