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The Catalytic Oxidizer Market size is forecast to increase by USD 574.33 million, at a CAGR of 4.52% between 2023 and 2028. The growth rate of the market depends on several factors, such as stringent environmental regulations, the rapid expansion of the global industrial sector, and the growing demand for paint and surface coatings. Our report examines historic data from 2018 - 2022, besides analyzing the current and forecasted market scenario.
The catalytic oxidizer market in the region is witnessing growth, propelled by escalating worries about the surge in air pollution levels. Air Clear LLC provides the CATOX Catalytic Oxidizer Systems, known for being smaller and lighter than thermal alternatives, requiring a reduced footprint. Anguil Environmental Systems Inc contributes to the market with catalytic oxidizers like Anguil CATOX, featuring internal heat recovery options for additional energy efficiency. These compact and lightweight systems are well-suited for indoor or roof installations.
Market Forecast 2024-2028
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Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.
The demand for paint and surface coatings is escalating globally due to the immense growth of the automotive, construction, and other industries, including oil & gas products. Gasoline and diesel consumption, propelled by industrialization and the expansion of vehicular fleets, contribute to this demand. Additionally, crude oil production facilities, refineries, and petroleum refineries utilize coatings for protection.
Furthermore, refining capacity expansion and mining activities necessitate surface coatings to mitigate corrosion and prolong equipment lifespan. However, these operations are also significant sources of VOC emissions, emphasizing the importance of eco-friendly coatings. Architectural advancements, including odorless paints and innovative interior and exterior paints, respond to environmental concerns while meeting aesthetic demands.Moreover, the surge in construction activities and government investments in public infrastructure projects, including mining activities, further boost demand. Hence, such factors are driving bold the market growth during the forecast period.
The semiconductors and electronics industries are rapidly growing industries with challenging air pollution requirements. In addition, the release of VOCs, HAPs, and other emissions from the semiconductor and electronics industries demands highly specialized, reliable oxidizers in order to maintain the stringent production regulatory requirements. Furthermore, semiconductors, also known as microchips or integrated circuits, are crucial components in electronic devices and systems.
Moreover, the demand for semiconductors and electronics is increasing in various industries, such as automotive and others. Furthermore, the continuous demand for smartphones, laptops, tablets, and other consumer electronic devices fuels the need for advanced and efficient semiconductors to power these devices. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
The catalyst used in the catalytic oxidizer is commonly manufactured using metal including iron and others, but certain substances that are inherent in biomass feedstocks may interact with the catalyst, deactivating it and leading to a loss of catalyst functioning. In addition, the rapid deactivation of the catalyst causes unexpected disruption of operations and results in the need to replace the catalyst very frequently.
Moreover, the deactivated catalyst decreases the performance of catalytic oxidizers as they will not function effectively in promoting the oxidation of pollutants, resulting in an increase in emissions. In addition, it also results in frequent replacement and increases maintenance costs. Furthermore, deactivated catalysts can be a safety hazard as the heat generated in the catalyst can increase the risk of fire and explosions. Hence, such factors are hindering the market growth during the forecast period.
The chemicals segment is estimated to witness significant growth during the forecast period. Chemicals are extensively used in various manufacturing supply chains, ranging from pharmaceuticals and agriculture to manufacturing and other industries. Therefore, such factors create strong resilience and serve as a major driver for the growth of the chemicals segment. In addition, chemical products can be classified into basic chemicals, pharmaceuticals, specialty chemicals, agricultural chemicals, and others.
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The chemicals segment was the largest segment and was valued at USD 791.18 million in 2018. Moreover, chemical plants frequently produce a variety of airborne contaminants and volatile organic compounds (VOCs). In addition, these emissions, if not managed properly, can have a detrimental effect on the environment and on human health. Furthermore, the chemical industry employs air filtration systems, such as catalytic oxidizers, to address these issues effectively. In addition, in the chemical industry, air filtration systems play a critical role in the removal of pollutants from the atmosphere, allowing purified air to be released into the environment. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Based on the product type, the market has been segmented into regenerative catalytic oxidizer, recuperative catalytic oxidizer, direct-fired catalytic oxidizer, flameless catalytic oxidizer, and selective catalytic reduction (SCR) systems. The regenerative catalytic oxidizer segment will account for the largest share of this segment. Regenerative catalytic oxidizer systems comprise the benefits of regenerative heat exchangers with those of catalytic oxidation. In addition, they are widely used to reduce pollutant levels in exhaust air that does not contain high concentrations of pollutants and to minimize odors. Moreover, regenerative catalytic oxidizer systems are widely used in a variety of end-user industries, such as chemical, pharmaceutical, timber, rubber, and latex manufacturing. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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APAC is estimated to contribute 34% to the growth by 2027. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. Several concerns over air pollution are increasing in the region. For example, APAC countries including Bangladesh, Pakistan, and others have very poor air quality and account for some of the world's highest recorded levels of air pollution. In addition, catalytic oxidizers play a major role in reducing air pollution by speeding up the chemical reaction between oxygen and pollutants in the air and converting them into less toxic byproducts, such as water vapor, carbon dioxide, and nitrogen gas. Therefore, growing concerns over air pollution drive the growth of the market in the region. Hence, such factors are driving the market growth in APAC during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
APC Technologies Inc: The company offers catalytic oxidizers such as CP Series Catalytic Oxidizer Systems which uses high efficiency catalysts to achieve very high control levels at low operating temperatures, providing substantial savings in natural gas costs.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
AirProtekt Ltd., BD Group Industries LLC, Catalytic Products International Inc., Condorchem Envitech SL, CTP Chemisch Thermische Prozesstechnik GmbH., Durr AG, Eisenmann GmbH, Epcon Industrial Systems LP, Filtracni technika spol. s r.o., Honeywell International Inc., NESTEC, Pollution Systems, Product Recovery Management Inc., Ship and Shore Environmental Inc., Taikisha Ltd., TANN Corp., and The CMM Group
Technavio market forecast is an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
Market Analyst Overview
The catalytic oxidizer market is witnessing significant growth, driven by the pressing need to control emissions from various industrial processes and production activities. Key players in industries such as the production of chemicals and petroleum refining are increasingly adopting catalytic oxidizers to mitigate the release of Hazardous Air Pollutants (HAPs) and volatile organic compounds (VOCs) into the atmosphere.
Catalytic oxidizers function by utilizing catalysts to facilitate the oxidation of harmful pollutants present in the exhaust streams of industrial equipment. This process effectively reduces emissions of hydrocarbons and other harmful compounds, aligning with regulations set forth by regulatory organizations such as the Environmental Protection Agency and the European Environment Agency.
Industries are also investing in emission control equipment like regenerative thermal oxidizers and electrostatic precipitators to further enhance environmental performance. These solutions not only ensure compliance with stringent emissions standards but also contribute to sustainable production practices.Furthermore, as concerns over air quality continue to rise, catalytic oxidizers are becoming indispensable components in industrial equipment emission control strategies. With their ability to efficiently reduce harmful emissions while promoting cost-effective operation, catalytic oxidizers play a pivotal role in safeguarding both the environment and public health. As a result, the catalytic oxidizer market is poised for sustained growth in the foreseeable future.
The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides a market growth analysis of the latest trends and growth opportunities from 2018 to 2028.
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Catalytic Oxidizer Market Scope |
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Report Coverage |
Details |
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Page number |
173 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.52% |
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Market Growth 2024-2028 |
USD 574.33 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.15 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 34% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Air Clear LLC, AirProtekt Ltd., Anguil Environmental Systems Inc., APC Technologies Inc., BD Group Industries LLC, Catalytic Products International Inc., Condorchem Envitech SL, CTP Chemisch Thermische Prozesstechnik GmbH., Durr AG, Eisenmann GmbH, Epcon Industrial Systems LP, Filtracni technika spol. s r.o., Honeywell International Inc., NESTEC, Pollution Systems, Product Recovery Management Inc., Ship and Shore Environmental Inc., Taikisha Ltd., TANN Corp., and The CMM Group |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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