Automotive Selective Catalytic Reduction Market Growth Drivers and Challenges:
Growth Drivers
-
Growing Cost of Congestion – The design of SCR technology is such that it allows NOx reduction reactions to take place in an oxidizing atmosphere. As it reduces the levels of NOx using ammonia as a reductant within a catalyst system, it is called selective. It is expected that, to reduce the cost of congestion, the demand for automotive SCR will boost in the forecasted period. It was found that road traffic congestion costs over 1.1 % of the European Union’s GDP.
-
Growing Concern About Air Pollution –As of the growing count of vehicles and industrialization, the proportion of pollutants in the air has massively increased, which also lowered the air quality. Such air pollution has been damaging the environment. Recent scientific research has revealed that some pollutants can indeed be harmful to public health and welfare even at very low levels. Therefore, the government of nations is now highly concerned regarding air quality and pollution to save the environment, and this factor is anticipated to drive market growth. For instance, it was found that global life expectancy is reduced by an average of 1.8 years per person owing to fossil fuel-induced air pollution.
-
Rising Penetration of Heavy-Duty Vehicles – It was found that heavy-duty vehicles that run on diesel are responsible for more than 25% of global warming emissions.
-
Increasing Carbon Dioxide (CO2) Emissions from Passenger Vehicle – As it was found that, an average passenger vehicle emits around 400 grams of Carbon Dioxide (CO2) per mile.
-
Increasing Urban Traffic – For instance, increased traffic in urban areas was responsible for about 25% of urban ambient air pollution from fine particulate matter (PM2.5) in 2019.
Challenges
-
High Price of Automotive SCR – The high price of SCR technology, followed by the lack of emission-related regulations in emerging nations, is the major factor that is estimated to push manufacturers to seek alternative emission control techniques for vehicles. Hence, this factor is estimated to hamper the growth of the market during the projected time frame.
-
High Cost of Maintenance & Repairs
-
Stringent Norms for Product Performance
Automotive Selective Catalytic Reduction Market Size and Forecast:
|
Base Year |
2025 |
|
Forecast Period |
2026-2035 |
|
CAGR |
5.2% |
|
Base Year Market Size (2025) |
USD 11.46 billion |
|
Forecast Year Market Size (2035) |
USD 19.03 billion |
|
Regional Scope |
|
