VOC Concentrator Market Size, Share & Industry Analysis, By Adsorbent ( Zeolite, Carbon ), By End-User ( Paint Finishing, Coating Operations, Paper & pulp, Pharmaceutical Manufacturing, Chemical Processing, Electronics Manufacturing, Others ) and regional Forecast, 2024-2032

Region :Global | Report ID: FBI104030 | Status : Ongoing

KEY MARKET INSIGHTS

Air pollution is at its peak, causing severe damage to the environment and human beings. Several steps have been taken to minimize air pollution. A volatile organic compound is one of these which generate suspended particulate matter (SPM) and photochemical oxidants. These chemicals compounds are very hazardous to human health, and they must be neutralized before emitted to the atmosphere. VOC is emitted during the painting process and from printing factories such as benzene and toluene. VOC is carbon or zeolite-based concentrator that treats hazardous gases emitted by the industrial process. VOC concentrator is essential in the bid to minimize rising air pollution. In recent times, the rising concern over air pollution and deterioration of the environment has boosted the market.

The VOC concentrator market is segmented into adsorbent and end-user. The adsorbent is bifurcated into zeolite and carbon. Carbon is the most widely used adsorbent, but in recent times zeolite gaining momentum due to its higher removal efficiency with low molecular weight. VOC is used in many industrial applications such as paint finishing, coating operation, paper & pulp, pharmaceutical manufacturing, electronics manufacturing, and chemical processing. VOC not only neutralizes hazardous gases but also helps to protect the environment.

The implementation of strict rules and regulations around the world to curb air pollution is projected to offer a lucrative market for the growth of the VOC concentrator. The expansion of industries and growing urbanization is a significant factor for the adoption of a VOC concentrator to combat life-threatening air pollution. The neutralizing process of benzene and toluene is quite complicated that may retard the growth of the VOC concentrator market.

Key Market Driver -

Stringent rules and regulation to curb air pollution

Key Market Restraint -

Complexities involved in the process

Key Players Covered:

The major companies for VOC concentrator market are Seibu Giken DST AB, Nichias Corporation, CECO Environmental Corporation, Anguil Environmental Systems, Inc., TKS Industrial Company, Catalytic Products International (CPI), SG America Inc, Taikisha Ltd., Munters, Cycle Therm, LLc., and Gulf Coast Environmental Systems among others.

Regional Analysis:

The global VOC concentrator market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Environmental Protection Agency of the United States has enlisted strict rules and regulations to act against violators of air pollution. To avoid hefty fines, companies are installing air pollution control devices, which boosted the market. European countries are very conscious of rising GHG emission, sea level, and air pollution, among others. Several countries are acting tough against violators to mitigate environmental degradation. Also, the presence of some of the renowned automakers, paper, and pulp industry and textile may exhibit robust growth for VOC concentrators. Asia Pacific has a high potential for the growth of the VOC concentrator due to the expansion of manufacturing and processing industries along with chemicals and pharmaceuticals. Emerging economies such as China and India, massively investing in environmental protection to act against air pollution, which will leverage the VOC concentrator market.

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Segmentation

ATTRIBUTES	DETAILS
By Adsorbent	Zeolite Carbon
By End-User	Paint Finishing Coating Operations Paper & pulp Pharmaceutical Manufacturing Chemical Processing Electronics Manufacturing Others
By Geography	North America (US and Canada) Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe) Asia Pacific (China, India, Japan, Australia, Southeast Asia and Rest of Asia Pacific) Latin America (Brazil, Mexico and Rest of Latin America) Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Key Industry Developments

In October 2018, CECO Environmental successfully installed retox regenerative thermal oxidizer (RTO) for one of the largest composites and laminating manufacturers in the southeastern USA. The RTO is designed to deliver cost-effective VOC control for styrene, formaldehyde, methanol, and alcohol hydrocarbons.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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