Opportunities for the global odor control agent market to reach $3.3 billion by 2023

According to a new market report published by Lucintel, the future of the odor control agent market looks promising with opportunities in the water treatment, air purification, and food & beverage processing markets. The global odor control agent market is expected to reach an estimated $3.3 billion by 2023 with a CAGR of 3.6% from 2018 to 2023. The major growth drivers for this market are increasing industrialization in developing countries and increasing government regulation towards clean environment.
In this market, activated carbon, bio-enzymes, and other chemicals are used as odor control agents in various end use industries. Lucintel forecasts that activated carbon will remain the largest material type due to increasing demand for industrial and municipal waste water treatment. The bio-enzyme segment is expected to witness the highest growth over the forecast period due to increasing awareness to improve air quality in commercial and residential communities.
Within the odor control agent market, water treatment will remain the largest application driven by the need to remove chemicals, inorganic substances, and taste and odor causing compounds from water. Lucintel predicts that the air purification application is expected to witness the highest growth over the forecast period supported by growth in the sewage air treatment, industrial gas purification, and commercial and residential air purification.
Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to rapid industrialization and expansion of chemical industries.
Emerging trends, which have a direct impact on the dynamics of the industry, include use of odor eliminator technology for sports clothing and equipment, and prosweet odor control technology. Ecolab, Calgon Carbon, Cabot, Fujian Yuanli Active Carbon, Haycarb, Osaka, Novozymes, Kuraray, Ingevity, and Synthron are among the major suppliers of odor control agents.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global odor control agent market by application, material type, product form, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Odor Control Agent Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global odor control agent market by application, material type, product form, and region as follows:
By Application [Volume (M lbs) and $M shipment analysis for 2012 – 2023]:
• Water Treatment
• Air Purification
• Food and Beverage Processing
• Others
By Material Type [Volume (M lbs) and $M shipment analysis for 2012 – 2023]:
• Activated Carbon
• Bio-Enzymes
• Other Chemicals
By Product Form [$M shipment analysis for 2017]:
• Powder
• Granular
• Liquid
• Others
By Region [Volume (M lbs) and $M shipment analysis for 2012 – 2023]:
• North America
− US
− Canada
− Mexico
• Europe
− Germany
− The United Kingdom
− France
− Russia
• Asia Pacific
− China
− Japan
− India
− South Korea
• The Rest of the World
− Brazil
− Turkey
This 210-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Capital Investment Analysis.

This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high growth opportunities for the global odor control agent market by application (water treatment, air purification, food and beverage processing, and others), material type (activated carbon, bio-enzymes, and other chemicals), product form (powder, liquid, granular, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Lucintel LLC
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Ph: +1-972-636-5056 Fax: +1-877-883-5140
marketing@lucintel.com

This release was published on openPR.