Automotive Selective Catalytic Reduction Market Regional Analysis:
APAC Market Insights
Asia Pacific industry is estimated to account for largest revenue share of 50% by 2035, attributed to presence of a strong vehicle network in the region, and the growing number of manufacturing units. The growth of the market can be attributed majorly to the presence of a strong vehicle network in the region, and the growing number of manufacturing units. For instance, China is known to have the largest fleet of motor vehicles in the world as of 2022, with 305 million motor vehicles, exclusive of two-wheelers and motorcycles. Further, the rising penetration of vehicles along with the surging demand for passenger cars, and the rise in the awareness of vehicle emission amongst the populace are some other key factors that are estimated to fuel the growth of the automotive SCR in the region.
Europe Market Insights
Furthermore, the Europe automotive selective catalytic reduction (SCR) market is also estimated to display notable market growth by the end of 2035. The growth of the market can be attributed to the increase in the strict and improvised regulatory rules regarding emission, followed by the latest advancements in SCR technology which is further anticipated to boost the growth of the market during the coming years in the region.
