Selective Catalytic Reduction Catalyst Market is Expected to Reach $5.67 billion, Growing at a CAGR of 8.6% by 2034

Emergence of Advanced Technologies Boosting Efficiency of Selective Catalytic Reduction Catalysts: Fact.MR Analysis

The development of smart SCR technologies is set to increase the size of the global selective catalytic reduction (SCR) catalyst market from US$ 2.48 billion in 2024 to US$ 5.67 billion by 2034, as revealed in the latest update study by Fact.MR, a market research and competitive intelligence provider.

Ongoing research and development activities in the chemical sector are some of the notable trends boosting the selective catalytic reduction catalyst market growth. Selective catalytic reduction catalysts are exhibiting increasing commercial use to facilitate chemical reactions. Automotive manufacturers understand the importance of the catalytic reduction of nitrogen gases. The strict regulations on emissions of gases are further aiding the SCR catalyst sales growth. The application of SCR technology aids in the mitigation of nitrogen oxides and particulate matter in automobiles. The stringent policies on the production of diesel engines are elevating the sales of selective catalytic reduction catalyst systems.

SCR technology is also gaining traction among industrial boilers, municipality solid waste boilers, and utility boilers. The increasing need for effective waste management and growing investments in this sector is boosting the need for advanced SCR catalysts. Technological advancements such as the integration of sensors, control systems, artificial intelligence, and machine learning are set to boost the effectiveness of SCR catalysts.

Receive a Tailored Analysis for Specific Research Solutions:https://www.factmr.com/connectus/sample?flag=S&rep_id=4968

Key Takeaways from the Market Study:

• Global demand for SCR catalysts is forecasted to rise at a CAGR of 8.6% from 2024 to 2034.
• Sales of selective catalytic reduction catalysts are projected to reach US$ 730.2 million by 2034 in the United States.
• The market in Japan is evaluated at US$ 173.6 million in 2024.
• Global sales of DeNOx systems are foreseen to increase at a CAGR of 8.1% during the next 10 years.
• Demand for SCR catalysts in power plants is expected to reach a market value of US$ 1.23 billion by 2034.

“Asia Pacific and Latin America will be high-potential markets and offer lucrative growth opportunities for SCR catalyst producers,” says a Fact.MR analyst.

Leading Players Driving Innovation in the Selective Catalytic Reduction (SCR) Catalyst Market:

BASF; Fengye Group; Hailiang; Ceram-Ibiden; Hitachi Zosen; Haldor Topsoe; Seshin Electronics; Tuna Corporation; JGC C&C; Johnson Matthey; Cormetech; Envirotherm GmbH

Winning Strategy

Regulatory developments, technological advancements, and collaborations are set to boost the revenues of key market players. Leading companies are focused on the production of innovative SCR systems with effective nitrogen oxide reduction capabilities. BASF offers effective catalytic emissions control systems, such as diesel oxidation catalysts to mitigate and control the emission of carbon monoxide, hydrocarbons, and particulate matter from diesel engines.

Selective Catalytic Reduction (SCR) Catalyst Market News:

1. In 2021, Johnson Matthey released a partnership with Kebotix to create the next generation of catalytic converter coatings. The collaboration seeks new means of enhancing the performance of tests that result in the optimization of formulations of coatings of catalytic converters.
2. In 2020, Topsoe introduced the TITAN steam reforming catalyst series with enhanced reliability and efficiency.

Get Customization on this Report for Specific Research Solutions:https://www.factmr.com/connectus/sample?flag=S&rep_id=4968

More Valuable Insightson Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the global selective catalytic reduction (SCR) catalyst market, presenting historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).

The study divulges essential insights on the market based on type (DeNOx, DeSOx) and application (automotive, power plants, cement plants, refinery plants, steel plants), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).

Explore More Related Studies Published by Fact.MR Research:

The automotive catalytic converter devices market is poised for significant growth over the assessment period (2025 to 2035). The market is expected to reach USD 151.1 billion by 2035, up from USD 61.6 billion in 2024. The market is projected to expand at a CAGR of 8.6% during the forecast period from 2025 to 2035.

The global Diesel Oxidation Catalysts Market is projected valued at US$ 1,488 million in 2024 and expand at a CAGR of 3.1% to end up at US$ 2,095 million by 2035.

The global emission monitoring system market is estimated at US$ 6.7 billion in 2024 and has been projected to expand at a CAGR of 6% to climb to US$ 12.1 billion by 2034-end.

The global Adblue market is valued at US$ 30.1 billion in 2023 and is forecasted to expand at a CAGR of 4% and reach a size of US$ 44.5 billion by the end of 2033.

The global high purity ferric alum market was valued at USD 688.5 million in 2024 and has been projected to expand at a noteworthy CAGR of 10.9% to end up at USD 2,072 million by 2035.

The global metallic boride powder market was valued at USD 1,926 million in 2024 and is projected to expand at a noteworthy CAGR of 5.2% to end up at USD 3,349 million by 2035.