Global $478Mn Adsorption Equipment Market, 2019 to 2023 - The Industrial Growth in APAC is Creating Lucrative Opportunities
DUBLIN, March 20, 2019 /PRNewswire/ -- The "Adsorption Equipment Market by Capacity (Less than 10,000 CFM, 10,000-50,000 CFM, and More than 50,000 CFM), End-use Industry (Automotive Paints, Chemical, Semiconductor, and Printing), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global adsorption equipment market is estimated to be USD 370 million in 2018 and is projected to reach USD 478 million by 2023, at a CAGR of 5.3% during the same period.
The increasing demand for adsorption equipment in various end-use industries is projected to drive the demand for this type of equipment. Stringent regulations to control VOC emissions are expected to increase the demand for adsorption equipment. However, the availability of low-cost alternatives such as fixed bed adsorber is expected to hamper the market growth.
Some of the leading adsorption equipment manufacturers, globally, are Durr Aktiengesellschaft (Germany), CECO Environmental (US), Evoqua Water Technologies LLC (US), TIGG LLC (US), Chemisch Thermische Prozesstechnik (CTP) GmbH (Austria), TAIKISHA Limited (Japan), Environmental C & C Inc. (US), Gulf Coast Environmental Systems (US), and Monroe Environmental Corp (US).
10,000-50,000 CFM is the fastest-growing capacity segment of the adsorption equipment market
The market in the 10,000-50,000 CFM capacity segment is projected to register the highest CAGR during the forecast period. The equipment in this range possesses 95-98% VOC destruction efficiencies, higher concentration ratios, and offers ease in operation. This, in turn, is expected to drive the demand for adsorption equipment during the forecast period.
The automotive paints end-use industry segment is projected to account for the highest share of the market during the forecast period
The market in the automotive paints end-use industry is witnessing significant growth due to the stringent regulations to control VOC emissions generated by automotive paint finishing systems. The growing automotive industry globally and stringent regulations regarding VOC emissions in automotive paint finishing facilities are expected to drive the growth of this segment.
APAC is projected to be the largest adsorption equipment market
The adsorption equipment market has been studied for APAC, North America, Europe, South America, and the Middle East & Africa. APAC is projected to be the largest adsorption equipment market due to the industrial growth of the region. APAC is a manufacturing base for the chemical, automotive, semiconductor, food & beverage, and pharmaceutical industries. Several foreign investors commenced their manufacturing facilities in the region to leverage low production costs, which, in turn, is driving the demand for adsorption equipment in the region.
Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Significant Opportunities in the Adsorption Equipment Market
4.2 Adsorption Equipment Market, By End-Use Industry
4.3 Adsorption Equipment Market, By Capacity and Region
4.4 Adsorption Equipment Market, By Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Regulations Regarding VOC Emissions Impelling the Need for Adsorbent Equipment
5.2.2 Restraints
5.2.2.1 Presence of Alternative Pollution Control Technologies
5.2.3 Opportunities
5.2.3.1 Industrial Growth in APAC
5.2.4 Challenges
5.2.4.1 High Cost of Installation and Operation
5.3 Porter's Five Forces Analysis
5.4 Macroeconomic Indicators
6 Adsorption Equipment Market, By Capacity
6.1 Introduction
6.2 <10,000 CFM
6.2.1 Growth of the Chemical Industry in APAC to Drive the <10,000 CFM Segment
6.3.1 High Demand in Automotive Paint Finishing Systems to Drive the Segment
6.4 >50,000 CFM
6.4.1 APAC, North America, and Europe are the Potential Revenue Pockets for the >50,000 CFM Capacity Segment
7 Adsorption Equipment Market, By End-Use Industry
7.1 Introduction
7.2 Automotive Paints
7.2.1 Stringent Regulations Regarding VOC Emissions to Drive the Market
7.3 Chemical
7.3.1 China to Be A Lucrative Adsorption Equipment Market Owing to High Growth of the Chemical Industry in APAC
7.4 Semiconductor
7.4.1 <10,000 CFM Adsorption Equipment is Mostly Preferred in the Semiconductor Industry to Voc Control
7.5 Printing
7.5.1 10,000-50,000 CFM Adsorption Equipment is Mostly Preferred in the Printing Industry to Voc Control
7.6 Others
8 Adsorption Equipment Market, By Region
8.1 Introduction
8.2 APAC
8.2.1 China
8.2.1.1 Highly Established Automotive Industry is Driving the Adsorption Equipment Market
8.2.2 Japan
8.2.2.1 Presence of Key Automotive Manufacturers is Fueling Market Growth
8.2.3 India
8.2.3.1 Government Initiatives Such as FDI and Make in India are Expected to Increase the Demand for Adsorbent Equipment (FBC)
8.2.4 Rest of APAC
8.3 North America
8.3.1 US
8.3.1.1 Expansions in the Petrochemicals Industry Owing to Shale Gas Revolution to Augment the Market
8.3.2 Mexico
8.3.2.1 The Automotive Industry to Create Lucrative Growth Opportunities for the Adsorption Equipment Manufacturers
8.3.3 Canada
8.3.3.1 Increasing Flow of FDI is Expected to Create Huge Growth Potential for the Market
8.4 Europe
8.4.1 Western Europe
8.4.1.1 Germany
8.4.1.1.1 Highly Established Automotive Industry to Create Immense Opportunities for the Growth of the Adsorption Equipment Market
8.4.1.2 Italy
8.4.1.2.1 Growth in the Automotive Industry is Driving the Demand for Adsorption Equipment
8.4.1.3 France
8.4.1.3.1 Growing Flow of FDI is Expected to Create Huge Growth Opportunities for the Adsorbent Equipment (FBC) Manufacturers
8.4.1.4 Spain
8.4.1.4.1 Strict Regulations Regarding VOC Emissions to Drive the Demand for Adsorption Equipment
8.4.1.5 UK
8.4.1.5.1 Well-Established Automotive Industry Creating Growth Opportunities for the Adsorption Equipment Manufacturers
8.4.1.6 Rest of Western Europe
8.4.2 Central & Eastern Europe
8.4.2.1 Turkey
8.4.2.1.1 Industrial Growth of the Country Creating Huge Growth Opportunities for the Adsorption Equipment Manufacturers
8.4.2.2 Russia
8.4.2.2.1 The Chemical Industry to Create Lucrative Opportunities for the Adsorption Equipment Market Growth
8.4.2.3 Rest of Central & Eastern Europe
8.5 Middle East & Africa
8.5.1 Iran
8.5.1.1 The Chemical Industry is Driving the Adsorption Equipment Market
8.5.2 Saudi Arabia
8.5.2.1 Government Initiatives to Develop Manufacturing Industries are Driving the Adsorption Equipment Market
8.5.3 Rest of the Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.1.1 Well-Established Automotive Industry to Create Lucrative Growth Opportunities
8.6.2 Argentina
8.6.2.1 Government Initiatives Such as FDI is Driving the Demand for Adsorption Equipment
8.6.3 Rest of South America
9 Competitive Landscape
9.1 Introduction
9.2 Market Ranking
10 Company Profiles
10.1 Environmental C & C Inc.
10.1.1 Business Overview
10.1.2 Products Offered
10.1.3 SWOT Analysis
10.1.4 MnM View
10.2 Taikisha Limited
10.3 CECO Environmental
10.4 Durr Aktiengesellschaft
10.5 Evoqua Water Technologies LLC
10.6 TIGG LLC
10.7 Chemisch Thermische Prozesstechnik GmbH (CTP)
10.8 Eisenmann SE
10.9 Monroe Environmental Corp.
10.10 Gulf Coast Environmental Systems
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