Odour Control System Market Business Opportunities and Global Forecast to 2032
The newest market research study by Future Market Insights on odour control system includes the global industry analysis for 2014–2021 and market forecast for 2022 – 2029. The study observes the odour control system market and offers detailed perceptions for the forecast period of 2022-2029.
According to the analysis and study done in the report, the
global odour control system market is anticipated to observe prominent
progress, due to increasing adoption in the chemical industry.
The odour control system market is estimated to be valued at
~ US$ 1 Bn in 2022, and is projected to increase by ~ 5% CAGR during the
forecast period of 2022 – 2029.
The odour control system market has a high potential to grow
in regions such as Asia Pacific Excluding Japan (APEJ) and North America.
Significant innovations with incorporation of advanced technologies meeting
regulations are expected to emerge as a product differentiator in the odour
control system market.
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Installation of hybrid odor control systems and demand for
advanced and cost-effective odour control system from various industrial and
government entities have increased significantly. This growing demand for
progressive products generates pressure on manufacturers to deliver
technologically-advanced and unique product offerings.
Thus, technological advancements have led to noteworthy
investment in research and development by manufacturers. Manufacturers in the
odour control system market are constantly focusing on developing unique
technologies, which help them differentiate their products and earn a competitive
edge.
Odour control systems play a crucial role in wastewater and
solid waste treatment facilities. Individual odour control systems can be
installed at various locations in a single wastewater treatment facilities, or
a centralize system could be installed for low capacity plants.
Increasing investment for the effective and efficient waste
management, establishment of new plants and capacity increase of existing
facilities, and also growing intolerance towards odours, are factors
expected to increase the demand for odour control systems in near future.
Japan to Provide Noteworthy Growth Opportunities for
Manufacturers
The ongoing technological advancements and progression in
investment for the storm water management projects and wastewater treatment
facilities are expected to grow significantly over the forecast period. Odour control
system manufacturers are focusing more on improving their market structures and
offerings in the region.
Emphasis on trade balance and increasing production by
strengthening the manufacturing sector is currently the prime motive of the
government in Japan. Also, the adoption of ‘best available technique’ is
prominent in the country, which is likely to propel the demand for advanced
odour control system.
Japan has large installed base of odour control systems
which are likely to get regular up gradation and replacements. Considering the
average life of the odour control systems and the install base, the market in
Japan is estimated to surge in next few years.
For the global odour control system manufacturers, Japan is
projected to be a prominent market throughout the forecast period, owing to the
increasing consumption and production of odour control systems across several
industries.
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Chemical & Petrochemical Industry to Capture
Prominent Share
The division of the global odour control system market has
been done on the basis of application, along with six regions.
- High
application potential of odour control system is identified in chemical
& petrochemical industry. These industries produce odorous compounds
such as hydrogen sulfide, ammonia,mercaptansand several others.The air contains
odorant molecules, which must be treated to avoid corrosion and to comply
with environment regulations, hence mandating the use of odour control
systems in chemical & petrochemical industries.
- Waste
treatment and disposal plants are a major source of odour emission. The
effluents and vapors coming from these sources are of different and
unpredictable composition. Hence, it becomes a necessity to install a
combination of odour controls systems at these locations, thereby
potentially influencing the market growth.
Odour Control System Market: Vendor Insights
The global odour control system report emphasizes on some of
the principal industry players. Some of the key players include Babcock &
Wilcox Enterprises, Inc., CECO Environmental., Anguil Environmental Systems,
Inc., Evoqua Water Technologies LLC, Scotmas Limited, Ecolab Inc., Tholander
Ablufttechnik GmbH,among others.
Odour Control System Market by Category
System :
- Physical
Odour Control
- Adsorption
System
- Ozone
Generators
- Chemical
Odor Control
- Chemical
Scrubbers
- Thermal
Oxidizers
- Biological
Odour Control
- Biofilters/Biotrickling
Filters
- Bio
Scrubbers
Application :
- Waste
Treatment Facilities
- Food
& Beverages
- Pulp
& Paper
- Chemical
& Petrochemical
- Other
Industries
Region :
- North
America
- Latin
America
- Europe
- Asia
Pacific
- MEA
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