Growing Air Pollution Awareness boosts Global Flue Gas Desulfurization Market Growth

Inkwood Research estimates that the Global Flue Gas Desulfurization Market is evaluated to record a CAGR of 4.26% in terms of revenue during the forecasting period of 2021-2028.

"Browse 38 Market Data Tables and 39 Figures spread over 193 Pages, along with an in-depth TOC on the Global Flue Gas Desulfurization Market Forecast 2021-2028."

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Flue-Gas Desulfurization (FGD) is used to remove sulfur from flue gas emissions, registering 50% to 98% efficiency. It finds application in oil-and-coal fired combustion units, including metal smelters, sulfuric acid plants, cement & lime kilns, industrial boilers, etc.

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Air Pollution Awareness propels Market Growth

Air pollution is the fifth leading risk factor for mortality as per the State of Global Air 2019. It is a major contributor to deaths worldwide, surpassing physical inactivity, alcohol use, and malnutrition. For instance, as of 2017, around half of the global population was exposed to household air pollution. Some households burn raw coal to keep their homes warm, due to its abundant availability.

Also, coal combustion produces PM2.5 which are tiny airborne particles that measure greater than 2.5 microns in diameter. It is the most hazardous pollutant to human health and can cause long- and short-term health effects. At the same time, air pollution is intrinsic to the political agenda, either as part of the holistic approach or separately in terms of sustainable development.

Metal Processing and Mining is the Fastest-Growing Application

Power plants FGD to clean sulfur from the smoke before it leaves their smokestacks. Also, the coal industry has several ways to minimize sulfur and other impurities from coal. For instance, in the US, the coal industry and the government have cooperated to develop technologies that eliminate coal impurities to make coal more energy-efficient. While in the case of electric power plans, scrubbers are used to reduce sulfur emissions. Also, electrostatic precipitators or bag-houses are used to eliminate particulates and heavy metals from the smoke.

Largest & Fastest-Growing Region: Asia-Pacific

The market growth in the region is due to the surging government regulations in terms of stringent emissions. These are pushing the industry players to upgrade FGD in their manufacturing plants. Also, in countries like China and India, the increasing environmental concerns regarding growing air pollution levels offer growth opportunities. In addition, the favorable policies at administrative levels for reducing SO2 emission levels contribute to market growth.

There is considerable competitive rivalry among the existing market players. Also, the established players are expanding their product portfolio aided by considerable investments. Babcock & Wilcox Enterprises Inc, John Wood Group Plc, Andritz AG, General Electric Company, etc., are among the prominent market players.

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