Flue Gas Desulfurization Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Flue Gas Desulfurization Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

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
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
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?