Global Flue Gas Desulfurization Market to Grow at 4.41% During 2024-2032, Impelled by Rising Environmental Concerns

IMARC Group’s latest report, titled “Flue Gas Desulfurization Market Report by Product Type (Wet FGD Systems, Dry and Semi-Dry FGD Systems), End Use (Power Generation, Cement, Chemical, Iron and Steel, and Others), and Region 2024-2032,” finds that the global flue gas desulfurization market is expected to exhibit a CAGR of 4.41% during 2024-2032. Flue gas desulfurization, or FGD, refers to a set of technologies used to remove sulfur compounds from exhaust emissions of fossil-fueled power plants. It involves adding absorbents to eliminate sulfur dioxide (SO₂) from the flue gas generated by boilers, furnaces, and other sources. It aids in purifying gases produced during industrial processes, such as the manufacturing of cement, iron, steel, copper, glass, and paper, thereby minimizing air pollution. It also helps prevent acid rain, which occurs due to the high amounts of sulfur dioxide (SO2) and nitrogen oxides (NOX) present in the air. As a result, FGD is rapidly gaining traction across various industries, including chemical manufacturing, power generation, iron and steel, and cement.

Global Flue Gas Desulfurization Market Trends:

The rising environmental concerns and the surging awareness about the adverse effects of air pollution on human health represent the primary factors driving the market growth. Additionally, governments of numerous countries are taking favorable initiatives to encourage the adoption of FGD systems to maintain air quality standards. In line with this, the implementation of stringent government regulations regarding emissions has escalated the product demand. Besides this, the growing usage of FGD gypsum in the agriculture sector for reducing soil and nutrient loss, improving crop yield, enhancing soil physicochemical properties, and supplementing trace elements for soil has accelerated the product adoption rate. Furthermore, the leading manufacturers are focusing on introducing innovative, efficient, and cost-effective solutions, such as advanced limestone FGD systems, for removing sulfur dioxide (SO₂) and dust. Along with this, several technological advancements, such as the development of novel integrated desulfurization (NID) and circulating dry scrubbers (CDS) to eliminate maximum sulfur dioxide (SO₂) from the flue gas, have propelled the market growth. Other factors, including the surging electricity demand, rising investments in thermal power plants, increasing prevalence of respiratory problems, and extensive research and development (R&D) activities, are also providing a positive thrust to the market growth.

Market Summary:

• Based on the product type, the market has been bifurcated into wet, and dry and semi-dry FGD systems. Currently, wet FGD systems represent the most popular product type. 
• On the basis of the end use, the market has been classified into power generation, cement, chemical, iron and steel, and others. Amongst these, power generation exhibits a clear dominance in the market. 
• Region-wise, Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others) holds the leading position in the market. Other major regions include North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
• The competitive landscape of the market has also been analyzed, with some 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 Scope:

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