Selective Catalytic Reduction Market To Reach $19.71 Billion By 2030

Selective Catalytic Reduction Market Growth & Trends

The global selective catalytic reduction market size is anticipated to reach USD 19.71 billion by 2030, growing at a CAGR of 5.5% during the forecast period, according to a new report by Grand View Research, Inc. The selective catalytic reduction industry is experiencing significant growth driven by increasing environmental regulations across various industries. As governments worldwide tighten emission standards to combat air pollution, selective catalytic reduction (SCR) technology is being widely adopted in sectors like power generation, automotive, and industrial processes. The growing need for cleaner air and sustainable practices is pushing industries to invest in SCR systems to meet strict nitrogen oxide (NOx) emission reduction targets.

Another key trend in the SCR market is the rising adoption of diesel vehicles equipped with SCR systems. As emission standards become more stringent globally, especially in regions like Europe, North America, and Asia, SCR technology is essential for diesel-powered vehicles to comply with regulatory requirements. With the automotive industry shifting towards cleaner alternatives, SCR systems are critical for reducing NOx emissions, improving air quality, and meeting government mandates such as Euro 6 in Europe or EPA regulations in the U.S.

The growing demand for industrial applications of SCR technology is also fueling market expansion. Industries such as chemicals, oil and gas, and cement are increasingly adopting SCR systems to lower their emissions. The need to meet sustainability goals and reduce environmental impact is prompting industrial operators to invest in advanced emission control technologies. Furthermore, the continuous development of high-efficiency catalysts is boosting SCR performance in these sectors, enabling better NOx reduction with lower operating costs.

Moreover, the emergence of new markets in developing regions is contributing to the growth of the selective catalytic reduction industry. Countries in Asia-Pacific, Latin America, and the Middle East are implementing stricter environmental regulations, creating new opportunities for SCR technology adoption. As these regions industrialize and urbanize, the demand for cleaner emissions control systems is expected to rise, further expanding the global SCR market.

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Selective Catalytic Reduction Market Report Highlights

• In 2024, the automotive end use segment dominated the market, accounting for 48.1% of the total revenue share. selective catalytic reduction (SCR) is widely used in the automotive industry to reduce nitrogen oxide (NOx) emissions from diesel engines.

• In power generation, selective catalytic reduction (SCR) is used to reduce NOx emissions from coal and gas-fired power plants, ensuring compliance with air quality regulations and minimizing environmental impact.

• In the chemical and petrochemical industries, SCR technology is employed to control NOx emissions from various processes, including ammonia production and refinery operations, improving air quality and meeting regulatory standards.

• The Asia Pacific selective catalytic reduction (SCR) industry is experiencing significant growth due to stricter environmental regulations and increasing industrialization. Countries like China and India are adopting SCR technology to control NOx emissions from power plants, industrial facilities, and vehicles.

• In May 2022, Yanmar Power Technology Co., Ltd. (YPT), a subsidiary of Yanmar Holdings Co., Ltd., began offering its proprietary selective catalytic reduction (SCR) exhaust gas purification system with connected functionality and a dedicated management app.

Selective Catalytic Reduction Market Segmentation

Grand View Research has segmented the global selective catalytic reduction market based on end use, and region:

Selective Catalytic Reduction End Use Outlook (Revenue, USD Billion, 2018 - 2030)

• Automotive

• Passenger Cars

• Commercial Vehicles

• Power Generation

• Marine

• Chemical & Petrochemical

• Cement

• Others

Selective Catalytic Reduction Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

• U.S.

• Canada

• Mexico

• Europe

• Germany

• France

• Italy

• UK

• Spain

• Asia Pacific

• China

• India

• Japan

• Australia

• South Korea

• Latin America

• Brazil

• Argentina

• Middle East & Africa

• Saudi Arabia

• UAE

• South Africa

List of Key Players in Selective Catalytic Reduction (SCR) Market

• Cormetech

• Johnson Matthey

• BASF

• Ceram-Ibiden

• BOSCH

• Bosal

• Faurecia

• Haldor Topsoe

• Röchling Group

• MITSUBISHI HEAVY INDUSTRIES, LTD.

• ANDRITZ Clean Air Technologies

• Durr Systems, Inc.

• Cummins Inc.

• SCR Solutions Holding Ltd

• CONCORD Thermal Efficiency