Adsorption Equipment Market Applications, Regions and forecast by 2025
Global adsorption equipment market is poised to amass substantial gains in the coming years. This can be majorly attributed to widespread use in industries such as water & wastewater treatment, furniture manufacturing, automotive, electronics and industrial equipment. Mounting environmental concerns and stricter regulations particularly in emerging economies will lead to a greater demand for the product.
It is estimated that global adsorption equipment market size will hit US$340 million by 2025. Industry facilitate the removal of hazardous VOC emissions in low to medium proportions from gaseous streams and water contaminants. The product is prominently used in the furniture manufacturing industry to limit VOC emissions during operations such as surface spraying on sheet material and solid wood furniture.
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North America will likely hold a dominant share in global adsorption equipment market mainly due to expansion of furniture manufacturing, automotive, and industrial equipment industries, among other sectors. In addition, increasing furniture sales have been observed in countries such as the U.S. on account of increased spending on furniture by millennials.
In fact, furniture sales in the country are projected to hit USD 122 billion by 2020 driven by a robust CAGR of 3%. Mounting environmental concerns pertaining to VOC emissions in developing countries have led to implementation of stringent emission norms. Strong growth of the automotive, furniture manufacturing, and electronics sectors in Asia Pacific will present favorable opportunities for regional manufacturers.
Adsorption equipment industry share can be broadly classified into moving bed, fixed bed, and disposable/rechargeable canisters, among others, based on product. Different types of adsorbents, such as activated carbon and zeolites, are used in different equipment. Moving bed industry share is projected to witness growth at a CAGR of 2.5% over the forecast timeframe.
Based on phase, industry share is segmented into vapor and liquid phase. Vapor phase market size was valued at USD 250 million during 2018 and is estimated to register healthy growth up to 2025. Vapor phase equipment finds widespread use across various end-use industries.
The key players in market are Durr Megtec, Eisenmann SE, Calgon Carbon Corporation, Munters Corporation, Monroe Environmental Corp, TIGG LLC
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Table of Content
Chapter 4. Adsorption Equipment Market, By Product
4.1.Key product insights
4.2. Fixed bed
4.2.1. Market estimates and forecast, 2014 – 2025
4.2.2. Market estimates and forecast by region, 2014 – 2025
4.3.Disposable rechargeable/canisters
4.3.1. Market estimates and forecast, 2014 – 2025
4.3.2. Market estimates and forecast by region, 2014 – 2025
4.4.Moving bed
4.4.1. Market estimates and forecast, 2014 – 2025
4.4.2. Market estimates and forecast by region, 2014 – 2025
4.5.Fluidized bed
4.5.1. Market estimates and forecast, 2014 – 2025
4.5.2. Market estimates and forecast by region, 2014 – 2025
Chapter 5. Adsorption Equipment Market, By Phase
5.1.Key phase insights
5.2.Vapor phase
5.2.1. Market estimates and forecast, 2014 – 2025
5.2.2. Market estimates and forecast by application, 2014 – 2025
· Water & wastewater treatment
· Others
5.2.3. Market estimates and forecast by region, 2014 – 2025
5.3.Liquid phase
5.3.1. Market estimates and forecast, 2014 – 2025
5.3.2. Market estimates and forecast by application, 2014 – 2025
· Water & wastewater treatment
· Furniture manufacturing
· Electronics
· Automotive
· Printing
· Industrial equipment
· Others
5.3.3. Market estimates and forecast by region, 2014 – 2025
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