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GLOBAL FLUE GAS DESULFURIZATION MARKET FORECAST 2021-2028

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GLOBAL FLUE GAS DESULFURIZATION MARKET FORECAST 2021-2028

In terms of revenue, the global flue gas desulfurization market was valued at $xx billion in 2020, and is expected to reach $22.90 billion by 2028, growing at a CAGR of 4.26% during the forecast period. The market study has also analyzed the impact of COVID-19 on the flue gas desulfurization industry qualitatively and quantitatively.

GLOBAL FLUE GAS DESULFURIZATION MARKET FORECAST 2021-2028

Global Flue Gas Desulfurization Market by Technology (Wet FGD Systems, Spray Dry FGD Systems, Dry FGD Systems) Market by Application (Power Plants, Manufacturing, Cement, Metal Processing and Mining, Chemicals) by Geography

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In terms of revenue, the global flue gas desulfurization market was valued at $xx billion in 2020, and is expected to reach $22.90 billion by 2028, growing at a CAGR of 4.26% during the forecast period. The market study has also analyzed the impact of COVID-19 on the flue gas desulfurization industry qualitatively and quantitatively.

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Key enablers of the global flue gas desulfurization market growth are:

  • Awareness regarding air pollution
    • Air pollution has been contributing to an increasing number of deaths globally, more than many other known risk factors, including malnutrition, usage of alcohol, and even physical inactivity. As of 2017, air pollution has rapidly reduced life expectancy further by 1 year and 8 months on average.
    • Flue gas desulfurization helps reduce ambient sulfur dioxide levels and ensures to mitigate the problem that could cause acid rain. Furthermore, it is widely used to control sulfur dioxide emissions (SO2) and sulfur trioxide (SO3) from power plants that also burn coal with high sulfur contents.
  • Stringent laws for maintaining air quality standards
  • Prevalence of air-borne diseases

Key factors restraining the market growth are:

  • Slowdown of the industrial sector
    • As per the United Nations Industrial Development Organization (UNIDO), the rate of global manufacturing growth declined for a second consecutive year at a marginal rate of 2% in 2019. Moreover, the growth of Manufactured value added (MVA) has also seen a decline in China, the United States, and European countries.
    • This slowdown in the manufacturing sector of industrialized economies adversely affects the manufacturing growth in both developing and emerging industrial economies. As a result, the governments of various regions and countries seek further extension of deadlines to install and operationalize flue gas desulfurization (FGD) systems.
  • Rising share of renewable in power generation capacity

The report on the global flue gas desulfurization market includes the segmentation analysis on the basis of technology and application.

Market by Technology:

  • Wet FGD Systems
  • Spray Dry FGD Systems
  • Dry FGD Systems
    • Dry FGD Systems are anticipated to be the fastest-growing technology in the market by technology. Compared to the wet FGD system, the dry FGD system requires lower capital and operational costs, low power consumption, and lesser pumping.
    • For the process involving the usage of dry FGD systems, lime is used as a reagent that reacts and eliminates gaseous pollutants. In addition, there are two more commonly used dry methods. The first one is the dry injection system, while the second one is the spray drying system. Each of these processes will be injecting lime into the flue gas to remove SO2.

 Geographically, the global flue gas desulfurization market has been segmented on the basis of four major regions, which includes:

  • North America: The United States and Canada
  • Europe: The United Kingdom, Germany, France, Italy, Russia, Poland, and Rest of Europe
  • Asia-Pacific: China, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and Rest of Asia-Pacific
    • Asia-Pacific is the largest and the fastest-growing region in the global market. The market growth is driven by stringent government regulations and the presence of a large number of coal-fired power plants in India and China. Additionally, the rising concerns over industrial air pollution offer growth opportunities.
    • In China, the market growth is attributed to the rapid transition to the low emission pathway from the power plants due to the usage of the FGD system. As per the Chinese Ministry of Environmental protection, since 2012, the sulfur dioxide emissions from its thermal power sector have decreased rapidly.
    • Japan is estimated to exhibit the fastest growth rate during the forecasted years. It is the first country that introduced the usage of flue gas desulfurization system globally, while the ongoing demand for such facilities has been growing overseas in line with increasing concerns over air pollution.
  • Rest of World: Latin America, Middle East & Africa

The major players in the global flue gas desulfurization market are:

  • Andritz AG
  • Babcock & Wilcox Enterprises Inc
  • General Electric Company
  • John Wood Group Plc

Key strategies adopted by some of these companies:

 In July 2021, Andritz AG partnered with GE Steam Power and took over its product portfolio for dry/semi-dry flue gas treatment, industrial de-dusting, and industrial scrubbing, including condensation scrubbers and recovery from low-temperature heat solutions.

In July 2021, ANDRITZ received an order from Tata Projects Limited, India, seeking to get the supply of the process engineering of a complete flue gas desulfurization (FGD) plant. In January 2021, Hamon Group was selected to design and deliver one of the biggest seawater flue gas desulfurization systems globally.

Key findings of the global flue gas desulfurization market:

  • There is high demand for gypsum in the construction industry for flue gas desulfurization systems due to its wide applications in wallboard, cement, and Plaster of Paris. FGD gypsum is actually recyclable, which would further make it the first choice in the case of materials in the construction industry.
  • Many key players such as Andritz AG, General Electric Company, and Hamon Group are investing in research and the production of different products and services in the global flue gas desulfurization market.
  • The growing concerns regarding environmental pollution and the governments’ actions to curb the same have been driving the FGD market growth. Stringent government regulations, such as the Clean Air Act (CAA) and the Mercury and Air Toxics Standards, would be enforcing the installation of the FGD systems that would help in monitoring and curbing emissions to bring down the harmful emissions to a safer level, especially in case of companies related to power generation that uses fossil fuels.

Frequently Asked Questions (FAQs):

  • What is the value of the global flue gas desulfurization market?

A: As of 2020, the global flue gas desulfurization market was valued at $15.56 billion.

  • Which is the dominating application in the global flue gas desulfurization market?

A: Power plants are the dominating application in the global flue gas desulfurization market, with a 65.90% share in 2020.

  • Which is the leading country in the Asia-Pacific flue gas desulfurization market?

A: China is the leading country in the Asia-Pacific flue gas desulfurization market, with a 54.94% share in 2020.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • AWARENESS REGARDING AIR POLLUTION
        • STRINGENT LAWS FOR MAINTAINING AIR QUALITY STANDARDS
        • PREVALENCE OF AIR-BORNE DISEASES
      • KEY RESTRAINTS
        • SLOWDOWN OF INDUSTRIAL SECTOR
        • RISING SHARE OF RENEWABLE IN POWER GENERATION CAPACITY
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON FLUE GAS DESULFURIZATION MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • KEY BUYING CRITERIA
        • COST
        • TECHNOLOGY
        • RAW MATERIALS
    1. MARKET BY TECHNOLOGY
      • WET FGD SYSTEMS
      • SPRAY DRY FGD SYSTEMS
      • DRY FGD SYSTEMS
    2. MARKET BY APPLICATION
      • POWER PLANTS
      • MANUFACTURING
      • CEMENT
      • METAL PROCESSING AND MINING
      • CHEMICALS
    3. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • RUSSIA
          • POLAND
          • REST OF EUROPE
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • VIETNAM
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
      • REST OF WORLD
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • LATIN AMERICA
          • MIDDLE EAST AND AFRICA
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • ANDRITZ AG
        • BABCOCK & WILLCOX ENTERPRISES INC
        • CHIYODA CORPORATION
        • DOOSAN LENTJES GMBH
        • DUCON TECHNOLOGIES INC
        • FLSMIDTH A/S
        • FUJIAN LONGKING CO LTD
        • GENERAL ELECTRIC COMPANY
        • HAMON GROUP
        • JOHN WOOD GROUP PLC
        • KAWASAKI HEAVY INDUSTRIES LTD
        • MARSULEX ENVIRONMENTAL TECHNOLOGIES
        • MITSUBISHI HITACHI POWER SYSTEMS LTD
        • RAFAKO SA
        • THERMAX LTD

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – FLUE GAS DESULFURIZATION

    TABLE 2: WORLD’S TOP 10 MOST POLLUTED COUNTRIES, 2020 (PM 2.5)

    TABLE 3: GLOBAL FLUE GAS DESULFURIZATION MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 4: GLOBAL FLUE GAS DESULFURIZATION MARKET, BY TECHNOLOGY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 5: GLOBAL WET FGD SYSTEMS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 6: GLOBAL WET FGD SYSTEMS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 7: GLOBAL SPRAY DRY FGD SYSTEMS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 8: GLOBAL SPRAY DRY FGD SYSTEMS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 9: GLOBAL DRY FGD SYSTEMS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 10: GLOBAL DRY FGD SYSTEMS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 11: GLOBAL FLUE GAS DESULFURIZATION MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 12: GLOBAL FLUE GAS DESULFURIZATION MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 13: GLOBAL POWER PLANTS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 14: GLOBAL POWER PLANTS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 15: GLOBAL MANUFACTURING MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 16: GLOBAL MANUFACTURING MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 17: GLOBAL CEMENT MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 18: GLOBAL CEMENT MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 19: GLOBAL METAL PROCESSING AND MINING MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 20: GLOBAL METAL PROCESSING AND MINING MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 21: GLOBAL CHEMICALS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 22: GLOBAL CHEMICALS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 23: GLOBAL FLUE GAS DESULFURIZATION MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 24: GLOBAL FLUE GAS DESULFURIZATION MARKET, BY GEOGRAPHY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 25: NORTH AMERICA FLUE GAS DESULFURIZATION MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 26: NORTH AMERICA FLUE GAS DESULFURIZATION MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 27: LEADING PLAYERS OPERATING IN NORTH AMERICA FLUE GAS DESULFURIZATION MARKET

    TABLE 28: EUROPE FLUE GAS DESULFURIZATION MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 29: EUROPE FLUE GAS DESULFURIZATION MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 30: LEADING PLAYERS OPERATING IN EUROPE FLUE GAS DESULFURIZATION MARKET

    TABLE 31: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 32: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 33: LEADING PLAYERS OPERATING IN ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET

    TABLE 34: REST OF WORLD FLUE GAS DESULFURIZATION MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 35: REST OF WORLD FLUE GAS DESULFURIZATION MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 36: LEADING PLAYERS OPERATING IN REST OF WORLD FLUE GAS DESULFURIZATION MARKET

    TABLE 37: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 38: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: KEY BUYING CRITERIA

    FIGURE 6: GLOBAL FLUE GAS DESULFURIZATION MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020

    FIGURE 7: GLOBAL FLUE GAS DESULFURIZATION MARKET, BY WET FGD SYSTEMS, 2021-2028 (IN $ MILLION)

    FIGURE 8: GLOBAL FLUE GAS DESULFURIZATION MARKET, BY SPRAY DRY FGD SYSTEMS, 2021-2028 (IN $ MILLION)

    FIGURE 9: GLOBAL FLUE GAS DESULFURIZATION MARKET, BY DRY FGD SYSTEMS, 2021-2028 (IN $ MILLION)

    FIGURE 10: GLOBAL FLUE GAS DESULFURIZATION MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020

    FIGURE 11: GLOBAL FLUE GAS DESULFURIZATION MARKET, BY POWER PLANTS, 2021-2028 (IN $ MILLION)

    FIGURE 12: GLOBAL FLUE GAS DESULFURIZATION MARKET, BY MANUFACTURING, 2021-2028 (IN $ MILLION)

    FIGURE 13: GLOBAL FLUE GAS DESULFURIZATION MARKET, BY CEMENT, 2021-2028 (IN $ MILLION)

    FIGURE 14: GLOBAL FLUE GAS DESULFURIZATION MARKET, BY METAL PROCESSING & MINING, 2021-2028 (IN $ MILLION)

    FIGURE 15: GLOBAL FLUE GAS DESULFURIZATION MARKET, BY CHEMICALS, 2021-2028 (IN $ MILLION)

    FIGURE 16: NORTH AMERICA FLUE GAS DESULFURIZATION MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 17: UNITED STATES FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 18: CANADA FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 19: EUROPE FLUE GAS DESULFURIZATION MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 20: UNITED KINGDOM FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 21: GERMANY FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 22: FRANCE FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 23: ITALY FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 24: RUSSIA FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 25: POLAND FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 26: REST OF EUROPE FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 27: ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 28: CHINA FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 29: JAPAN FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 30: INDIA FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 31: SOUTH KOREA FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 32: INDONESIA FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 33: THAILAND FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 34: VIETNAM FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 35: AUSTRALIA & NEW ZEALAND FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 36: REST OF ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 37: REST OF WORLD FLUE GAS DESULFURIZATION MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 38: LATIN AMERICA FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 39: MIDDLE EAST AND AFRICA FLUE GAS DESULFURIZATION MARKET, 2021-2028 (IN $ MILLION)

    1. MARKET BY TECHNOLOGY
      • WET FGD SYSTEMS
      • SPRAY DRY FGD SYSTEMS
      • DRY FGD SYSTEMS
    2. MARKET BY APPLICATION
      • POWER PLANTS
      • MANUFACTURING
      • CEMENT
      • METAL PROCESSING AND MINING
      • CHEMICALS
    3. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • RUSSIA
          • POLAND
          • REST OF EUROPE
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • VIETNAM
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
      • REST OF WORLD
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • LATIN AMERICA
          • MIDDLE EAST AND AFRICA

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