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VOC Recovery And Abatement Market By Technology (Oxidizers, Filtration Systems, Membranes Separations, Scrubbers And Strippers, Condensation, Adsorbent Systems) - Growth, Share, Opportunities & Competitive Analysis, 2017 – 2025

Volatile organic compounds (VOC) recovery units are used to recover vapor of compounds including natural gas, gasoline and several others. In the chemical industry, these units find application primarily in the downstream and upstream processes. Owing to high return on investment and low cost of installation, VOCs are widely used in upstream and downstream process. One of the major factors driving adoption of VOC recovery is stringent environmental legislations enforced to reduce the harmful effects of VOC emission. Stricter legislation by the governments has encouraged many companies to enhance controlling and measuring their solvent emissions. Environmental regulations relating to reduction in emission of hydrocarbon into the atmosphere in order to improve operational safety and air quality is projected to remain the major factor driving the growth of the VOC recovery market.

VOC Recovery And Abatement Market

The report titled “Global VOC Recovery and Abatement Market - Growth, Future Prospects and Competitive Analysis, 2017– 2025” offers strategic insights into the global VOC recovery and abatement industry along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of multiple market segments based on product type and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, trends, restraints and opportunities. In addition, the report incorporates a separate section highlighting key trends analysis of the overall VOC recovery and abatement market.

In order to help the strategic decision makers, the report also includes profiles of the leading VOC recovery and abatement manufacturers, their business strategies and key developments. Some of the major players profiled in the report are The Linde Group, Anguil Environmental Systems, Inc., Climate Technologies Corp., DCL International Inc., Multi Fan Systems Limited, Praxair Technology, Inc., VOCZero Ltd., Wartsila Corporation, Bay Environmental Technology (Beijing) Co., Ltd, Air Products and Chemicals, Inc., Babcock & Wilcox MEGTEC LLC, TANN Corporation, Baker Furnace, Inc., CECO Environmental Corp, PETROGAS system Inc., Polaris s.r.l., Air Clear, LLC., Catalytic Products International, Inc., Epcon Industrial Systems LP, and Amcec Inc. Further, the report also covers market positioning of the key players operating in the VOC recovery and abatement market. The section further includes a brief analysis on key strategies adopted by the major players operating in the market. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the VOC recovery and abatement market
  • Market driver, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2015 – 2016)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global VOC recovery and abatement market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.

Based on the technology, the VOC recovery and abatement market is segmented as follows:

  • Oxidizers
  • Filtration Systems
  • Membranes Separations
  • Scrubbers and Strippers
  • Condensation
  • Adsorbent Systems
  • Others

VOC Recovery And Abatement Market

Oxidizers segment holds the largest market share in 2016 at 28.6% and is expected to maintain its dominance throughout the forecast period. Condensation technology is highly attractive segment with the second largest market share. This segment is expected to grow at a rate of 4.7% over the forecast period of 2017 to 2025.This technology is highly effective as it has extremely low volumetric load due to the high cost of liquid nitrogen. Adsorbent systems are projected to witness highest growth over the forecast period. This is primarily attributed to its relatively low operating cost coupled with its ability to handle relatively lean VOC streams and both chlorinated and non-chlorinated streams.

For the purpose of this study, the global VOC recovery and abatement market is categorized into the following geographies and sub-geographies:

  • North America (U.S., Canada)
  • Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe)
  • Asia Pacific (Japan, China, India and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East and Africa (GCC and Rest of the Middle East & Africa)

VOC Recovery And Abatement Market

North America and Europe were the largest regional markets for VOC recovery and abatement systems. North America accounted for the largest share of the market and is projected to grow at moderate rate during the forecast period, driven by the stringent government regulations regarding VOC emissions. Europe is another highly attractive region which has been benefiting from the high demand for VOC recovery and abatement from eastern European countries. Asia Pacific is a highly attractive region with the highest growth rate. In 2016, Asia Pacific accounted for the third largest share for VOC recovery and abatement market with revenue share of 17.7%. This growth is attributed to increase in environmental rules and regulations in various Asian countries such as China, India, and Indonesia.

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Published Date:  Aug 2017
Category:  Oil & Gas
Report ID:   58622
Report Format:   PDF
Pages:   120
Rating:    4.5 (65)
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