Flue Gas Desulfurization Market Forecasts to 2028 – Global Analysis By Application (Reagents, Replacements), Installation (Brownfield, Greenfield), By End User (Iron and Steel, Chemical) and By Geography
According to Stratistics MRC, the Global Flue Gas Desulfurization Market is accounted for $26.80 billion in 2020 and is expected to reach $45.37 billion by 2028 growing at a CAGR of 6.8% during the forecast period. Growing demand from power & energy sector is driving the market growth. However, high cost of reagents and protection concerns related with flue gas desulfurization is hampering the growth of the market.
Flue-gas desulfurization is one of the utmost effective and common procedures for eliminating the SO2 from the flue gas released by large coal-fired power plants. The flue gas desulfurization systems support cutting down the levels of SO2 and other greenhouse gas emissions.
Based on the product, the wet FGD systems segment is going to have lucrative growth during the forecast period. The wet FGD is in demand has it delivers greater efficacy in the elimination of SOx than the other FGD. It also offers lower functional costs and further fuel elasticity. Moreover, the wet FGD systems use limestone as a reagent, and the by-product is gypsum, which can be promoted to cement and wallboard producers and the fertilizer industry. These entire factors propel the segment growth.
By geography, Asia Pacific is going to have high growth during the forecast period. The growth of the market in this region is mostly accredited to the growing demand from the power generation industry and strict regulations in the region. The power source industry accounts for the utmost consumption of FGD in the province. Cement and chemicals industries in APAC are exhibiting remarkable advancement which is predictable to drive the demand for flue gas desulfurization.
Some of the key players profiled in the Flue Gas Desulfurization Market include Aecom, Andritz Ag, Babcock & Wilcox Enterprises Inc., Chiyoda Corporation, Clyde Bergemann Eec, Doosan Lentjes Gmbh, Ducon Technologies Inc., Flsmidth, General Electric, Hamon, Kawasaki Heavy Industries Ltd., Marsulex Environmental Technologies Corp., Mitsubishi Heavy Industries, Ltd., Rafako S.A., S.A Hamon, Thermax Ltd. and Valmet.
Estimated Market Size in 2020:
USD 26.80 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 45.37 billion
Tables, Graphs & Figures
Type, Installation, Product, Application, and End User.
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Components, Repairs, & Consumables
• New Systems
• Wet FGD Systems
• Dry & Semi-Dry FGD Systems
• Ball Mill Slurry
• Cyclone/Filter Feed
• New Systems
End Users Covered:
• Cement Manufacturing
• Iron and Steel
• Power Generation
• Power Plants
• Waste Incineration
• Pulp & Paper
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Flue Gas Desulfurization Market is majorly driven by growing prevalence of airborne diseases, implementation of stringent air quality standards to reduce SOx emission levels, rising number of coal powered plants, and increasing generation of electricity from coal.
The components, repairs, & consumables segment is growing at a highest CAGR owing to the greater yearly expenditure of FGD systems, consists of repair & maintenance expenses, reagents costs, O&M labor expenditure, wastewater treatment overheads, auxiliary power, and others.
North America dominated with a significant market share due to the rising demand for electricity in the region and for the need to regulate the emissions from the existing coal-fired power plants.
Asia Pacific market is growing at a highest CAGR owing to growing cement manufacturing and metal smelting industries, rising investments for the expansion of coal-fired generation power plants, rapidly rising energy demand, industrialization, awareness about controlling air pollution.
Key players in Flue Gas Desulfurization Market include Aecom, Andritz Ag, Babcock & Wilcox Enterprises Inc., Chiyoda Corporation, Clyde Bergemann Eec, Doosan Lentjes Gmbh, Ducon Technologies Inc., Flsmidth, General Electric, Hamon, Kawasaki Heavy Industries Ltd., Marsulex Environmental Technologies Corp., Mitsubishi Heavy Industries, Ltd., Rafako S.A., S.A Hamon, Thermax Ltd. and Valmet.
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