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
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 suppress and reduce undesired dust being discharged or emitted into the air, soil, and environment to prevent pollution and disease. Based on their nature, Dry Type Dust Suppressants and Wet Type Dust suppressants are two significant types of Chemical Dust Suppressants.
The Global Chemical Dust Suppressants market is expected to witness a 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 is expected to generate revenue worth USD 4,230.79 million in 2028. Therefore, the incremental growth opportunity offered by the global Chemical Dust Suppressants is estimated to be USD 25.62 billion between 2022 and 2028.
Due to the increasing government health and safety regulations in multiple industries, there has been an upsurge in demand for Chemical Dust Suppressants globally. 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 multiple 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 used include the steel, oil and gas, thermal power industries, and militaries.
Some major application markets for Chemical Dust Suppressants include Mining, Power Plants, Refineries, Construction, Chemical & Pharmaceuticals, Metal Extraction, Industrial Materials, Rock Production, and 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.
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 of 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. However, dust is also essential 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. Dust suppression and control are a significant part of the food and beverage industry to keep food healthy, prevent cross-contamination, and for worker health and safety.
The construction industry is the most significant driving factor in the Chemical Dust Suppressant market. Ongoing 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 are working hard to minimize the levels of dust creation in their industry.
As with most other markets, the additional costs of using Chemical Dust Suppressant are the most notable restraint on the market. Companies are unwilling to incur additional expenses in their industries which are expected to hamper the growth of this market. Other possible restraints include shifting governments and industries to more renewable energy sources. With manufacturers moving and focusing their efforts on renewable energy, chemical dust suppressants in some sectors 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, and 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 the Europe market is dominated by Germany, the U.K., and France. On the other hand, Asia Pacific has mainly been driven by China, India, Japan, and South Korea.
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 |
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] |