Global Exhaust Gas Treatment Market Size To Exceed USD 115.33 Billion By 2033: Market Insight Report

Global Exhaust Gas Treatment Market Size To Exceed USD 115.33 Billion By 2033

According to a research report published by Spherical Insights & Consulting, The Global Exhaust Gas Treatment Market Size is Expected to Grow from USD 63.43 Billion in 2023 to USD 115.33 Billion by 2033, Growing at a CAGR of 6.16% during the forecast period 2023-2033.

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on The Global Exhaust Gas Treatment Market Size, Share, and COVID-19 Impact Analysis, By Technology (Selective Catalytic Reduction (SCR), Diesel Particulate Filter (DPF), Exhaust Gas Recirculation (EGR), Lean NOx Trap (LNT), and Others), By Application (Automotive, Marine, Industrial, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

The worldwide exhaust gas treatment market refers to businesses that focus on innovations and techniques designed for reducing dangerous emissions from autos, manufacturing processes, and other sources. Nitrogen oxides (NOx) are among the pollutants that are reduced by their systems, which include diesel particulate filters (DPF), exhaust gas recirculation (EGR), and selective catalytic reduction (SCR). The market expansion is driven by stringent environmental regulations and a worldwide focus on pushing for sustainability. Further, technological adoption in this system boosts the market expansion. Further, the growing use of EVs and hybrid vehicles will also boost the market expansion. However, the high cost of deployment restricted to wide market adoption.

The selective catalytic reduction segment dominated the global exhaust gas treatment market in 2023 and is anticipated to grow at a substantial CAGR over the forecast period.

On the basis of the technology, the global exhaust gas treatment market is divided into selective catalytic reduction (SCR), diesel particulate filter (DPF), exhaust gas recirculation (EGR), and lean NOx trap (LNT). Among these, the selective catalytic reduction segment dominated the global exhaust gas treatment market in 2023 and is anticipated to grow at a substantial CAGR over the forecast period. This segment growth is driven by they offer lower NOx emissions by employing a catalyst to transform NOx into harmless nitrogen and vaporized water.

The marine segment held a significant share of the global exhaust gas treatment market in 2023 and is projected to grow at a rapid pace over the forecast period.

On the basis of the application, the global exhaust gas treatment market is divided into automotive, marine, industrial, and others. Among these, the marine segment held a significant share of the global exhaust gas treatment market in 2023 and is projected to grow at a rapid pace over the forecast period. This segment development contributes to market expansion due to rising global trade transactions, which lead to high emissions of the exhausted gas particles and their effect on the marine life cycle and ecosystem.

Asia Pacific is estimated to hold the highest share of the global exhaust gas treatment market over the forecast period.

Asia Pacific is expected to hold the largest market share of the global exhaust gas treatment market over the forecast period. The regional market expansion is flourishing because of regulatory authorities has largely enforce it to reduce the high level of emission of gas from automotive or any industrial sector through technology adoption.

Europe is anticipated to grow at the fastest CAGR of the global exhaust gas treatment market over the forecast period. The regional market growth is accelerated because local authorities make some mandatory rules for the reduction of the emission of toxic gases, which leads to a green environmental shield.

Company Profiling

Major vendors in the global exhaust gas treatment market are BASF SE, Johnson Matthey Plc, Tenneco Inc., Eberspacher Group, Faurecia SA, Continental AG, Bosch Mobility Solutions, Denso Corporation, Cummins Inc., Umicore N.V., Corning Incorporated, NGK Insulators, Marelli Holdings Co., Ltd., Haldor Topsoe A/S, Walker Exhaust Systems, Donaldson Company, AeriNOx, Hug Engineering AG, Friedrich Boysen GmbH & Co. KG, and others.

Key Target Audience      

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development:

• In February 2024, LIQUI MOLY introduced a new product called the DEF Anti-Crystal Additive Concentrate, which was designed to enhance the performance of AdBlue, a urea-based solution used in diesel engines to meet nitrogen oxide emission standards. This additive helped prevent the formation of urea crystals in the Selective Catalytic Reduction (SCR) system, which could otherwise lead to blockages and damage. It also lowered the freezing point of AdBlue, improving its reliability in colder conditions.

Market Segment                                             

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global exhaust gas treatment market based on the below-mentioned segments: 

Global Exhaust Gas Treatment Market, By Technology

• Selective Catalytic Reduction (SCR)
• Diesel Particulate Filter (DPF)
• Exhaust Gas Recirculation (EGR)
• Lean NOx Trap (LNT)

Global Exhaust Gas Treatment Market, By Application

• Automotive
• Marine
• Industrial
• Others

Global Exhaust Gas Treatment Market, By Regional

•  North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa