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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).
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:
Breakup by End Use:
Breakup by Region:
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.
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