According to the latest report by IMARC Group “Flue Gas Desulfurization Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global flue gas desulfurization market is expected to exhibit a CAGR of 5.17% during 2022-2027.
Flue gas desulfurization (FGD) stands for the process of eliminating sulfur dioxide (SO2) from flue gas. It helps in managing the rising environmental challenges and minimizing plant emissions effectively. FGD is usually accomplished through a dry or wet process. The dry FGD involves the usage of lime as a reagent to react and remove gaseous pollutants. While on the other hand, wet FGD includes the application of an alkaline-based slurry of lime to scrub gases. As a result, FGD finds diverse applications in various industries, including agriculture, construction, mining, water treatment, etc.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The escalating demand for power due to rapid urbanization and the widespread dependence on coal for energy generation is primarily catalyzing the demand for FGD across the globe. Furthermore, FGD finds extensive applications in the agricultural sector as a soil amendment to enhance physical and chemical properties by promoting better aggregation, increasing water infiltration rate, and minimizing soil and soluble phosphorus loss from agricultural fields. Moreover, FGD by-products are increasingly being employed in the manufacturing of wallboard, cement, and Plaster-of-Paris (POP). Consequently, the expanding construction industry, along with the growing number of modern housing projects is further catalyzing the market for FGD. Besides this, several technological advancements in the designing of high-performing and low-cost FGD systems are expected to further drive the global FGD market in the coming years.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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.
- Thermax Limited.
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The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Product Type:
- Wet FGD Systems
- Dry and Semi-Dry FGD Systems
Breakup by End Use:
- Power Generation
- Iron and Steel
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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