Automotive selective catalytic reduction (SCR) is used to control emissions in vehicles. It usually adds automotive-grade urea as a catalyst to control the emission, which is also known as diesel exhaust fluid (DEF).
What is the market size of the automotive selective catalytic reduction (CSR)?
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Hannah J
The global market value of SCR was around $ 3 billion in 2019.
The market is expected to see a decline in 2020 by approximately 10%, reaching $ 2.7 billion. The fall is due to COVID-19 pandemic and lockdown state in most of the countries around the world. Other factors include halted transportation, less use of vehicles, decrease in demand and production of vehicles, and decrease in demand for SCR.
Some of the top players in the SCR market include Eberspacher Group, Benteler International, Kautex, Haldor Topsoe, Cormetech, Plastic Omnium, Rochling Group, and Magneti Marelli.
Alexandra
The SCR is mostly used in diesel engines which have high emissions of nitrogen oxide (NOx). It converts nitrogen oxide to a small amount of CO2, water and nitrogen, which is less harmful to the environment. Besides the automotive sector, SCR is also used in large diesel engines such as large ships and gas turbines.
The SCR market is expected to grow due to
Some of the factors that can affect the SCR market are high cost attached with SCR and the trend of electric vehicles around the world. Asia Pacific region has a bigger market share as compared to other regions due to: