Market Overview:
The global flue gas desulfurization market exhibited moderate growth during 2015-2020. Flue gas desulfurization (FGD) refers to the process of removing sulfur dioxide (SO2) from flue gas, which is produced in boilers and furnaces. It aids in tackling the rising environmental challenges and controlling plant emissions effectively. FGD is generally accomplished through a wet or dry process. Amongst these, dry FGD involves the utilization of lime as a reagent to react and remove gaseous pollutants. On the other hand, wet FGD includes the application of an alkaline-based slurry of lime to scrub gases.
The escalating demand for power on account of rapid urbanization and the widespread dependence on coal for energy generation represents one of the key factors catalyzing the demand for FGD across the globe. Apart from this, there is a rise in the utilization of FGD gypsum in agriculture, panel products, construction, mining, cement production, water treatment and glassmaking applications. It is also utilized as a soil amendment in several soil conditions to improve physical and chemical properties by promoting better aggregation, increasing water infiltration rate and reducing soil and soluble phosphorus loss from agricultural fields. This, in turn, is strengthening the growth of the market. Moreover, FGD by-products are employed in the manufacturing of cement, wallboard, and plaster of Paris (POP). Furthermore, rapid industrialization, coupled with technological advancements in the designing of high-performing and low-cost FGD systems, is fueling the market growth. Moreover, the leading players are launching new products and engaging in merger and acquisition (M&A) activities to expand their reach. Looking forward, IMARC Group expects the global flue gas desulfurization market to grow at a CAGR of around 5% during the forecast period (2021-2026).
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global flue gas desulfurization market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product type and end use.
Breakup by Product Type:
- Wet FGD Systems
- Dry and Semi-Dry FGD Systems
Breakup by End Use:
- Power Generation
- Cement
- Chemical
- Iron and Steel
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alstom S.A., Andritz AG, Babcock & Wilcox Enterprises Inc., Chiyoda Corporation, Doosan Lentjes, Ducon Technologies Inc., Fujian Longking Co. Ltd., General Electric Company, Hamon Corporation, Mitsubishi Power Ltd., Rafako S.A. and Thermax Limited.
Key Questions Answered in This Report:
- How has the global flue gas desulfurization market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global flue gas desulfurization market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global flue gas desulfurization market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Flue Gas Desulfurization Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Wet FGD Systems
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Dry and Semi-Dry FGD Systems
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by End Use
7.1 Power Generation
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cement
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Chemical
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Iron and Steel
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Alstom S.A.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2 Andritz AG
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.2.4 SWOT Analysis
13.3.3 Babcock & Wilcox Enterprises Inc.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.4 Chiyoda Corporation
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5 Doosan Lentjes
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Ducon Technologies Inc.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 Fujian Longking Co. Ltd.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.8 General Electric Company
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.8.4 SWOT Analysis
13.3.9 Hamon Corporation
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 Mitsubishi Power Ltd.
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.10.4 SWOT Analysis
13.3.11 Rafako S.A.
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.11.3 Financials
13.3.11.4 SWOT Analysis
13.3.12 Thermax Limited
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
13.3.12.3 Financials
List of Figures
Figure 1: Global: Flue Gas Desulfurization Market: Major Drivers and Challenges
Figure 2: Global: Flue Gas Desulfurization Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Flue Gas Desulfurization Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Flue Gas Desulfurization Market: Breakup by Product Type (in %), 2020
Figure 5: Global: Flue Gas Desulfurization Market: Breakup by End Use (in %), 2020
Figure 6: Global: Flue Gas Desulfurization Market: Breakup by Region (in %), 2020
Figure 7: Global: Flue Gas Desulfurization (Wet FGD Systems) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: Global: Flue Gas Desulfurization (Wet FGD Systems) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Global: Flue Gas Desulfurization (Dry and Semi-Dry FGD Systems) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Flue Gas Desulfurization (Dry and Semi-Dry FGD Systems) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Flue Gas Desulfurization (Power Generation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Flue Gas Desulfurization (Power Generation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Flue Gas Desulfurization (Cement) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Flue Gas Desulfurization (Cement) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Flue Gas Desulfurization (Chemical) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Flue Gas Desulfurization (Chemical) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Flue Gas Desulfurization (Iron and Steel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Flue Gas Desulfurization (Iron and Steel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Flue Gas Desulfurization (Other End uses) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Flue Gas Desulfurization (Other End Uses) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: North America: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: North America: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: United States: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: United States: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Canada: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Canada: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Asia-Pacific: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Asia-Pacific: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: China: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: China: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Japan: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Japan: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: India: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: India: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: South Korea: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: South Korea: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Australia: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Australia: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Indonesia: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Indonesia: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Others: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Others: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Europe: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Europe: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Germany: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Germany: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: France: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: France: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: United Kingdom: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: United Kingdom: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Italy: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Italy: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Spain: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Spain: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Russia: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Russia: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Others: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Others: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Latin America: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Latin America: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Brazil: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Brazil: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Mexico: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Mexico: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Others: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Others: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Middle East and Africa: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Middle East and Africa: Flue Gas Desulfurization Market: Breakup by Country (in %), 2020
Figure 69: Middle East and Africa: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Global: Flue Gas Desulfurization Industry: SWOT Analysis
Figure 71: Global: Flue Gas Desulfurization Industry: Value Chain Analysis
Figure 72: Global: Flue Gas Desulfurization Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Flue Gas Desulfurization Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Flue Gas Desulfurization Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Global: Flue Gas Desulfurization Market Forecast: Breakup by End Use (in Million US$), 2021-2026
Table 4: Global: Flue Gas Desulfurization Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Global: Flue Gas Desulfurization Market: Competitive Structure
Table 6: Global: Flue Gas Desulfurization Market: Key Players