Adsorption Equipment Market, by Capacity (Less than 10,000 CFM, 10,000-50,000 CFM, and More than 50,000 CFM), by End-User Industry (Automotive Paints, Chemical, Semiconductor, and Printing), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027
Adsorption equipment is utilized to bind atoms, ions, particles, or molecules from a liquid, gas, or broke down strong on to a surface. The adsorption equipment is useful in industrial operations for controlling odor, recuperation of unstable solvents such as ethanol, benzene, trichloroethylene, and drying of procedure gas streams. In other words, adsorption equipment is used to minimize the carbon emissions. The adsorption equipment finds massive applications in perfumes, vehicles, and chemical production process as a result of its ability to avoid the spread of unnecessary gases. Furthermore, adsorption hardware is consolidated into an ecological framework for remediation as well as recovery of polluted water or air streams.
Regulations Regarding Volatile Organic Compounds (VOCs) Emissions are Impelling the Need for Adsorbent Equipment and Growing Automotive Industry Worldwide are the Factors Driving Growth for the Global Adsorption Equipment Market
Volatile organic compounds (VOCs) are organic chemicals that have a high vapor pressure at ordinary room temperature. Their high vapor pressure results from a low boiling point, which causes large numbers of molecules to evaporate from the liquid or solid form of the compound and enter the surrounding air. Moreover, various government bodies around the globe have ordered stringent guidelines on the outflow of volatile organic compounds (VOCs) from different end-use businesses such as car chemical, paint shop, nourishment and refreshments, pharmaceutical, printing, and semiconductors. This is expected to drive the interest for adsorption gear, which helps keep volatile organic compounds (VOCs) in line. Hence, key vendors are focusing on launching various products related to VOC sensors and monitors. For instance, in October 2017, Alphasense, one of the gas sensor developer and manufacturer based in the UK, has launched a new sensor for the measurement of volatile organic compounds (VOCs). The new p-type Metal Oxide sensor is a broadband total volatile organic compounds (VOCs) detector with a range from 0 to 100 ppm (isobutylene) as well as 10-50 ppb detection limit, depending on the volatile organic compounds (VOCs). However, the accessibility of more affordable options such as fixed-bed adsorbers and fluidized-bed adsorbers, with low establishment and maintenance costs is foreseen to control the worldwide adsorption equipment market among the estimate time frame.
Furthermore, an increasing automotive industry worldwide is one of the key drivers for the global adsorption equipment market. China’s automotive industry has been witnessing high growth. According to the Ministry of Industry and Information Technology (MIIT) China, country’s automotive sales have broken through the benchmark of 28 million in 2016, globally ranking the first for eight consecutive years. Hence, rise in automotive industry will further boost the global adsorption equipment market trends during forecast period.
Global Adsorption Equipment Market: Regional Insights
Asia Pacific region is estimated to be the largest adsorption equipment market, as this region comprises some of the fastest developing economies of the world as well as key consumers of adsorption equipment such as India, China, Thailand, Indonesia, and Japan. The business in the Asia Pacific region is primarily driven by stringent government rules for controlling volatile organic compounds (VOC) emissions, which will create lucrative growth opportunities for the adsorption equipment manufacturers. For instance, in February 2015, the Shanghai Environment Protection Bureau created the Emission Standards for Paint, Ink as well as Allied Products Manufacturers to control emissions from factories. This standard will be applied both for existing factories and new factories present in this region. Moreover, Asia Pacific region is a manufacturing base for the chemical, food & beverage, automotive, semiconductor, and pharmaceutical industries where the global adsorption equipment market is expected to gain traction over forecast period.
Furthermore, the North America and Europe are expected to contribute significant growth towards the global adsorption equipment market progression during forecast period. Introduction of new advanced technologies in adsorption equipment in countries such as the U.S., Canada, UK, and Germany will drive growth of global adsorption equipment market in these regions. According to Organisation Internationale des Constructeurs d'Automobiles (OICA), one of the French organization of motor and vehicle manufacturers, vehicle production across the globe has increased by 2.4% as compared to 2016. This in turns, creates the high growth opportunities for the adsorption equipment market globally.
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Key Players in the Global Adsorption Equipment Market
Key players operating in the global adsorption equipment market includes, CECO Environmental, Dürr AG, Evoqua Water Technologies LLC, TIGG LLC, Chemisch Thermal Prozesstechnik GmbH (CTP), Taikisha Ltd., ENVIRONMENTAL C & C INC, Gulf Coast Environmental Systems (GCES), Monroe Environmental Corp., Eisenmann SE, NICHEM, MainTech Systems GmbH, and GasServStroy LLP among others.
Global Adsorption Equipment Market: Taxonomy
· Less than 10,000 CFM
· 10,000-50,000 CFM
· More than 50,000 CFM
By End-User Industry
· Automotive Paints
· North America
· Asia Pacific
· Latin America
· Middle East
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