Global Adsorption Equipment Market by End-users, Mediums, Capacities, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026
The adsorption equipment market was valued at approximately USD 370 million in 2019 and is expected to reach around USD 504 billion by 2026, expanding at a CAGR of around 5.3% during the forecast period, between 2020 and 2026. The growth of the market is attributed to stringent government regulations regarding the Volatile Organic Compounds (VOCs) emission from different industries such as printing, pharmaceutical, food & beverage, painting, and others. Additionally, surging demand of automotive industry is also one of the factors driving the growth of the market. However, availability of alternatives which are more cost-effective is one of the primary factors hindering the growth of the market.
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The benefits provided by the adsorption equipment are easy-to-use, easy operation, cost-effective, high performance, and wide pH range. The major drawback of using this equipment is weak selectivity.
Market Trends, Drivers, Restraints, and Opportunities:
- Surging emission of VOCs from different fields such as pharmaceuticals, food & beverages, automotive paint shops, chemicals, printing, and semiconductors is encouraging the government bodies to formulate to strict rules and regulations. These rules enhance the usage of adsorption equipment which is used to check VOCs, thus driving the growth of the market.
- Rising emission levels of hazardous pollutants in the automotive industry for paint application increases the demand for nondestructive control technology to clear the contaminants from low to medium concentrations of gas and liquid streams. Thus, this propels the growth of the market.
- Boosting population with high disposable incomes and shift in customer aspirations fuels the growth of the market.
- Fueling government initiatives and policies to support the production growth with huge investments is also driving the growth of the global adsorption equipment market.
- Increasing number of cost-effective alternatives such as fluidized-bed absorbers and fixed-bed absorbers which have low maintenance and installation costs unlike adsorption equipment is one of the primary factors restraining the growth of the market.
Competitive Landscape:
Major companies in the global adsorption equipment market include CECO Environmental, Monroe Environmental Corp., Taikisha Engineering India Pvt. Ltd., Chemische Thermische Prozesstechnik GmbH, Evoqua Water Technologies LLC, Environmental C & C Inc, TIGG LLC, Durr Group, and, Coastal Environmental Systems, Inc. The companies are using strategic acquisitions such as expansions, capital investments, technical assistance to customers, technological advancements, high depth in application reach, product launches, diversified product portfolio, collaborations, mergers & acquisitions, and strategic partnerships.
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The global adsorption equipment market has been segmented on the basis of
End-users
- Printing
- Chemicals
- Automotive Paints
- Semiconductors
- Others
Mediums
- Activated Carbon
- Activated Alumina
- Zeolites
- Silica Gel
Capacities
- Less Than 10,000 CFM
- 10,000–50,000 CFM
- More Than 50,000 CFM
Regions
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- Latin America
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Adsorption Equipment Market Overview
- Global Adsorption Equipment Market Analysis and Forecast by Type
- Global Adsorption Equipment Market Analysis and Forecast by Application
- Global Adsorption Equipment Market Analysis and Forecast by Sales Channel
- Global Adsorption Equipment Market Analysis and Forecast by Region
- North America Adsorption Equipment Market Analysis and Forecast
- Latin America Adsorption Equipment Market Analysis and Forecast
- Europe Adsorption Equipment Market Analysis and Forecast
- Asia Pacific Adsorption Equipment Market Analysis and Forecast
- Middle East & Africa Adsorption Equipment Market Analysis and Forecast
- Competition Landscape
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