Likewise other industries, COVID 19 also taken a toll on Chemical Dust Suppressants market with around 12.23% decline in its revenue in 2020 as compare to 2019
Global Chemical Dust Suppressants Market: Growth, Future Prospects, and Competitive Analysis, 2016 - 2028
Chemical Dust Suppressants, also called dust control agents or dust suppression control products, are chemicals or fluids mixed or sprayed on surfaces like construction sites, mines, roads, and stockpiles to reduce the spread of dust. They are basically used to suppress and reduce undesired dust being discharged or emitted into the air, soil, and environment to prevent pollution and disease. Based on its nature, Dry Type Dust Suppressant and Wet Type Dust Suppressant are two major types of Chemical Dust Suppressants.
Global Chemical Dust Suppressants market is expected to witness CAGR of 5.17% during the forecast period. The revenue generated by the global Chemical Dust Suppressants market in 2021 was over USD 2,842.91 million and expected to generate revenue worth USD 4,230.79 million in 2028. The incremental growth opportunity offered by the global Chemical Dust Suppressants is estimated to be USD 25.62 billion between 2022 and 2028.
Interesting Facts about Chemical Dust Suppressants Industry
Increasingly Stringent Health & Safety Regulations
There has been an upsurge in demand for Chemical Dust Suppressants globally due to the increasing government health and safety regulations in multiple industries. New regulations are being placed on industries like mining and construction to control the air pollution they cause in the environment.
Dust suppressants are used in coal mines to help bind coal particles which can cause various lung diseases. In the construction industry, Chemical Dust Suppressant is used in various ways, such as spraying them on roads to prevent dust from forming in high traffic areas to reduce pollution and maintain visibility. Other end-user industries where Chemical Dust Suppressant is being used include the steel, oil and gas, thermal power industries, and militaries.
Consistent Growth of Construction & Mining
Some of the major application markets for Chemical Dust Suppressant include, Mining, Power Plants, Refineries, Construction, Chemical & Pharmaceuticals, Metal Extraction, Industrial Materials, Rock Production, Others. There has been an ongoing and rising demand for Chemical Dust Suppressants in various industries, including the construction industry, the food and beverage industry, and the mining industry. While the Covid-19 Pandemic slowed down the industry's growth, as it did with most industries, the Chemical Dust Suppressants market is expected to continue growing over the forecasted period.
Calcium Chloride & Magnesium Chloride to Dominate the Demand
Lignin Sulfonate, Calcium Chloride, Magnesium Chloride, Asphalt Emulsions, Oil Emulsions, Polymeric Emulsions and Others are major types of Chemical Dust Suppressant. Magnesium Chloride & Calcium Chloride held over 45% share in total revenue generated by the global Chemical Dust Suppressant market in 2021.
Another key driver of the Chemical Dust Suppressant market is the food and beverage industry. The food and beverage industry produces multiple kinds of dust in production and storage. Most commonly found dust is produced in grain milling, transport, and silo storage. Dust is also a huge factor in cocoa manufacturing, the sugar industry, and the dried fruit and nut industry.
There have been rising investments into the food processing industry, which is expected to grow the Chemical Dust Suppressant market too. Dust suppression and control are a major part of the food and beverage industry to keep food healthy, prevent cross-contamination, and for worker health and safety.
Increasing Urbanization
The most significant driving factor of the Chemical Dust Suppressant market is the construction industry. Constant urbanization in developing countries is growing the need for dust control agents in these regions. The potential for air and water pollution in these industries is very high, which is why governments and companies themselves are working hard to minimize the levels of dust creation in their industry.
Reluctance to Incur Additional Cost by End-users
As with most other markets, the additional costs of using Chemical Dust Suppressant is the most notable restraint on the market. Companies are unwilling to incur additional costs in their industries which is expected to hamper the growth of this market. Other possible restraints include the shift of governments and industries to more renewable energy sources. With manufacturers moving and focusing their efforts on renewable energy, chemical dust suppressants in some industries are expected to falter.
Some of the prominent manufacturers of Chemical Dust Suppressant around the world include; ADM, Benetech, Inc., Borregaard, Cargill, Chemtex Speciality Limited, Ecolab, Evonik Industries AG, GelTech Solutions, Hexion, Quaker Houghton (Quaker Chemical Corporation), Shaw Almex Industries Ltd and SUEZ. U.S. dominates the North America Chemical Dust Suppressants market, while, Europe market is dominated by Germany, UK and France. On the other hand, Asia Pacific is mainly driven China, India, Japan and South Korea.
Frequently asked questions about global Chemical Dust Suppressants industry
Likewise other industries, COVID 19 also taken a toll on Chemical Dust Suppressants market with around 12.23% decline in its revenue in 2020 as compare to 2019
Asia Pacific is the largest regional market with highest share in the total revenue generation of Chemical Dust Suppressants consumed in 2021
Strong growth of mining & construction industry and increasing health & safety regulations around the world is primary factor fuelling growth of Chemical Dust Suppressants
Calcium Chloride and Magnesium Chloride segment dominated the Chemical Dust Suppressants market in 2021 with over 50% share
Mining & construction was the largest application of Chemical Dust Suppressants in 2021 with over 50% share
Report Attribute | Details |
---|---|
Market Value in 2021 | USD 2,842.91 million |
Market Value in 2028 | USD 4,230.79 million |
CAGR | 5.17% between 2021 and 2028 |
Past data | 2016 – 2021 |
Forecast period | 2022 – 2028 |
Segments covered | Nature Dry Type Dust Suppressant Wet Type Dust Suppressant Type Lignin Sulfonate Calcium Chloride Magnesium Chloride Asphalt Emulsions Oil Emulsions Polymeric Emulsions Others Application Mining Construction Power Plants Chemical & Pharmaceuticals Metal Extraction Industrial Materials Refineries Rock Production Others |
Major Players Analysed | ADM, Benetech, Inc., Borregaard, Cargill, Chemtex Speciality Limited, Ecolab, Evonik Industries AG, GelTech Solutions, Hexion, Quaker Houghton (Quaker Chemical Corporation), Shaw Almex Industries Ltd and SUEZ. |
Cost of the Report | Write us at [email protected] |