Flue Gas Desulfurization Market Overview 2024-2032:
The global flue gas desulfurization market size is expected to exhibit a growth rate (CAGR) of 4.41% during 2024-2032.
Report Attribute
|
Key Statistics
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Base Year
|
2023
|
Forecast Years
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2024-2032
|
Historical Years
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2018-2023
|
Market Growth Rate 2024-2032 |
4.41% |
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 at the global, regional, and country level from 2024-2032. 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 |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
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$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
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) |