VOC Concentrator Market Analysis
VOC Concentrator Market is projected to grow at a CAGR of 6.87% during the forecast period.
Multiple Factors to Boost Market Growth
Volatile Organic Compounds (VOCs) are organic chemical compounds that are produced or emitted by paints, solvents, adhesives, aerosol sprays, and dry-cleaning fluids. Several VOC concentrators are a form of pollution abatement technique that is specifically developed to reduce and eliminate hazardous air pollutants from various industrial exhaust systems. VOC concentrators are often deployed in main applications that use a combination of high air volume and low inlet advanced concentration solvents. VOC concentrators are made up of three major phases: high adsorption capacity, high desorption capacity, and advanced thermal oxidation. The fundamental benefits of VOC concentrators are their low ownership costs, low operation and maintenance expenses, and smaller size. VOC concentrators are largely utilized in a variety of industries, including the automotive sector, the chemical business, the electronics and semiconductors industry, the food and beverage industry, the painting industry, the printing industry, the pharmaceutical industry, and the chemicals sector.
The activated zeolite or carbon adsorption system is identified in the advanced VOC concentrator market; they are designed to capture and dispose of volatile organic compounds (VOCs) and hazardous air pollutants from complex industrial exhaust systems. VOC concentrator Market Analysis consists of three advanced phases: contemporary adsorbing phase – to capture advanced VOCs; multiple desorbing phases – to heat natural VOCs, and most recent thermal oxidation phase – to eventually destroy VOCs. Advanced VOC concentrators are used in typical applications requiring exceptionally high air volume and very low intake concentration solvents.
Several sectors throughout the world have increased their reliance on VOC concentrator support. The VOC concentrator industry has emerged as a very appealing and simple option. The market for VOC concentrators has been extremely diverse. There are numerous emerging markets associated with VOC concentrators all over the world, including India, China, and Brazil, that are expected to grow rapidly in the next years.
Report Attribute/Metric | Details |
CAGR | 6.87% CAGR (2022-2030) |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2019 2020 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Adsorbent and Application |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
COVID-19 Impact on the Global Market
The COVID 19 has had an impact on countries as well as the VOC concentrator Market Size. To counteract the negative consequences, countries have implemented lockdowns, which have harmed the VOC concentrator Market Share. The pandemic poses various obstacles to the industry; it affects people all over the world. A variety of issues, including the risk of continuing manufacturing, the supply chain, distribution, a lack of workforce employees, and significantly reduced development efforts, have predominantly influenced continued demand and supply. People are not as active as they once were. The outbreak of COVID-19 has significantly slowed the growth of the VOC concentrator industry. As a result of mandatory closures of consumer markets and factories around the world, the profit share of the enterprises has shrunk. COVID19 has wreaked havoc on the whole supply chain. Prolonged lockdown had a negative impact on the morale of large corporations. Significant strategic changes are taking place. MNCs are investing more in VOC concentrator Market Trends research due to rising customer demand around the world.
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Market Segmentation
The global VOC concentrator market has been segmented into adsorbent and application.
By adsorbent, the global VOC concentrator market has been segmented into zeolite and carbon.
By application, the global VOC concentrator market has been segmented into paint finishing, printing, electronics semiconductors manufacturing, chemical processing, pharmaceutical manufacturing, and others.
Regional Analysis
North America to Dominate the Global Market
Due to the increased adoption of multiple cloud-based services through production systems and various distribution channels, North America is expected to be the largest market in terms of profit contribution.
APAC to Witness Fastest Growth
Due to increased investment, Asia Pacific countries are expected to rise significantly in the VOC concentrator market. In addition, demand has increased in key developing countries. For example, India and China are expected to drive expansion in numerous Asia Pacific VOC concentrator markets.
Key Players
Seibu Giken Co. Ltd. (Japan), Anguil Environmental (US), TKS Industrial Company (US), CECO Environmental (US), The CMM Group, LLC (US), Munters (Sweden), Filtrační technika (Czech Republic), Cycle Therm, LLC (US), Gulf Coast Environmental Systems (US), Condorchem Envitech (SpainShip and Shore Environmental, Inc (US), Catalytic Products International, Inc. (US), Tecam Group (Spain), Teledyne Technologies (US), and Sang Won Machinery Co., Ltd. (South Korea)
