Market Overview:
The global flue gas desulfurization market is expected to exhibit a CAGR of 5.17% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Flue gas desulfurization (FGD) is the process of eliminating sulfur compounds from the exhaust emissions of fossil-fueled power plants. It relies on absorbents to remove the sulfur dioxide (SO2) from the flue gas, which is produced by burning coal, oil, natural gas, or wood. It helps reduce air pollution by purifying gases produced during various industrial processes, such as manufacturing cement, glass, paper, iron, steel, and copper. It also assists in preventing acid rain, which is caused by the excessive level of sulfur dioxide (SO2) and nitrogen oxides (NOX) in the air.
Flue Gas Desulfurization Market Trends:
The growing awareness among the masses about the consequences of rising air pollution on health represents one of the key factors driving the market. In addition, governments of several countries are promoting the use of FGD systems to maintain air quality standards, which is contributing to the growth of the market. Besides this, key market players are extensively investing in research and development (R&D) activities to introduce advanced limestone FGD units that are cost-effective and efficient solutions for removing sulfur dioxide (SO2) and dust. In line with this, they are developing enhanced technologies, such as novel integrated desulfurization (NID) and circulating dry scrubbers (CDS), to remove maximum sulfur dioxide (SO2) from flue gas, which is positively influencing the market. Moreover, the increasing demand for electricity, along with the significant investments in thermal power plants across the globe, is propelling the growth of the market. Apart from this, the escalating demand for FGD gypsum in the agriculture industry for improving soil physicochemical properties, controlling soil and nutrient loss, supplementing trace elements for soil, and increasing crop yield is bolstering the growth of the market.
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 2022-2027. Our report has categorized the market based on product type and end-use.
Breakup by Product Type:
- Wet FGD Systems
- Dry and Semi-Dry FGD Systems
Wet FGD systems exhibit a clear dominance in the market due to their lower reagent and operating costs, more fuel flexibility, and significant use of by-products.
Breakup by End Use:
- Power Generation
- Cement
- Chemical
- Iron and Steel
- Others
Presently, the power generation industry dominates the market due to the rising utilization of FGD systems to minimize the adverse effects of sulfur oxides (SO2 and SO3) on the environment.
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
Asia Pacific holds the largest market share on account of the rising air pollution across the region.
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.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Product Type, End Use, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
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 |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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$), 2016-2021
Figure 3: Global: Flue Gas Desulfurization Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Flue Gas Desulfurization Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Flue Gas Desulfurization Market: Breakup by End Use (in %), 2021
Figure 6: Global: Flue Gas Desulfurization Market: Breakup by Region (in %), 2021
Figure 7: Global: Flue Gas Desulfurization (Wet FGD Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Flue Gas Desulfurization (Wet FGD Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Flue Gas Desulfurization (Dry and Semi-Dry FGD Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Flue Gas Desulfurization (Dry and Semi-Dry FGD Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Flue Gas Desulfurization (Power Generation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Flue Gas Desulfurization (Power Generation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Flue Gas Desulfurization (Cement) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Flue Gas Desulfurization (Cement) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Flue Gas Desulfurization (Chemical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Flue Gas Desulfurization (Chemical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Flue Gas Desulfurization (Iron and Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Flue Gas Desulfurization (Iron and Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Flue Gas Desulfurization (Other End Uses) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Flue Gas Desulfurization (Other End Uses) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: North America: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: North America: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: United States: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: United States: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Canada: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Canada: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Asia-Pacific: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Asia-Pacific: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: China: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: China: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Japan: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Japan: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: India: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: India: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: South Korea: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: South Korea: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Australia: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Australia: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Indonesia: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Indonesia: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Others: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Others: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Europe: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Europe: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Germany: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Germany: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: France: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: France: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: United Kingdom: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: United Kingdom: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Italy: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Italy: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Spain: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Spain: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Russia: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Russia: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Others: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Others: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Latin America: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Latin America: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Brazil: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Brazil: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Mexico: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Mexico: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Others: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Others: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Middle East and Africa: Flue Gas Desulfurization Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Middle East and Africa: Flue Gas Desulfurization Market: Breakup by Country (in %), 2021
Figure 69: Middle East and Africa: Flue Gas Desulfurization Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Flue Gas Desulfurization Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Flue Gas Desulfurization Market Forecast: Breakup by End Use (in Million US$), 2022-2027
Table 4: Global: Flue Gas Desulfurization Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Flue Gas Desulfurization Market: Competitive Structure
Table 6: Global: Flue Gas Desulfurization Market: Key Players