Volatile Organic Compounds Concentrator (VOC) Concentrator Market to Exceed USD 3,885.80 million by 2029| Key Players: Seibu Giken Co.Ltd (Japan), TKS Industrial Company (U.S.), CECO ENVIRONMENTAL (U.S.)

MarketDefinition                                                                               

The volatile organic compounds (VOC) basically produce suspended particulate matters and photochemical oxidants. There are numerous types of VOCs. For instance, toluene and benzene are discharged during the painting procedure in printing factories.  The VOC concentrator is an activated carbon or zeolite adsorption system that is designed to capture and destroy VOCs and harmful air pollutants from industrial process exhausts.

Global volatile organic compounds concentrator (VOC) concentrator market was valued at USD 2,438.00 million in 2021 and is expected to reach USD 3,885.80 million by 2029, registering a CAGR of 6.00% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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Global volatile organic compounds concentrator (VOC) concentrator market have shown a significant increase in the sales and the growth of the market recently. The simplified operational controls, easy maintenance, low operating and maintenance costs, compact size, and easy on-site installation are some of the factors boosting the demand for VOC concentrators in various industries across the globe.

Global Volatile Organic Compounds Concentrator (VOC) Concentrator Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

Increased Awareness of Environmental Issues

The increased awareness of environmental issues and the enforcement of strict rules and regulations by regulatory authorities are the key drivers of the volatile organic compounds concentrator (VOC) concentrator market. These rules and regulations are motivating to install pollution free devices. This in turn, is considerably resulting in growth of the volatile organic compounds concentrator (VOC) concentrator market globally.

Rapid Industrialization

The significant increase in the call for automotive, aerospace, semiconductor, spray coating is projected to bring a significant growth in the market. Furthermore, pharmaceutical industries are also using VOC concentrators, which has fostered the market's overall growth rate over the forecast period. Growing preferences for volatile organic compound concentrators is estimated to positively impact the volatile organic compounds concentrator (VOC) concentrator market's growth rate during the forecast period.

Opportunities

Increasing Dependence on Volatile Organic Compounds Concentrator

The increasing dependence on volatile organic compound concentrators is estimated to generate lucrative opportunities for the market, which will further expand the volatile organic compounds (VOC) concentrator market's growth rate in the future. Major strategic developments are taking place in the market which includes quite compelling and easy solutions. The expansion of the market in the emerging economies such as India, China and Brazil is thereby, increasing the sales across the globe.

Some of the major players operating in the volatile organic compounds concentrator (VOC) concentrator market are:
Seibu Giken Co.Ltd (Japan)
TKS Industrial Company (U.S.)
CECO ENVIRONMENTAL (U.S.)
The CMM Group (U.S.)
Cycle Therm, LLC (U.S.)
Condorchem Envitech (U.S)
Catalytic Products International (U.S.)
Tecam (Spain)
Teledyne Tekmar (U.S)
Ship and Shore Environmental, Inc. (U.S.)
NICHIAS Corporation (Japan)
SG America Inc. (U.S.)
Taikisha Engineering India Pvt Ltd (Japan)

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COVID-19 Impact on Global Volatile Organic Compounds Concentrator (VOC) Concentrator Market

The rapid COVID-19 proliferation has a negative impact on the market for Volatile organic compounds concentrator. Companies in the volatile organic compounds concentrator market have developed effective solutions in a matter of months as a result of the abrupt shift in working conditions. Factors such as the risk of uninterrupted production, supply chain, distribution, lack of workforce employees, and much-decreased development activities have primarily affected the ongoing demand and supply. Major strategic developments in the post-covid era are taking place in the volatile organic compounds concentrator market.  

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Volatile Organic Compounds Concentrator (VOC) Concentrator Market Scope

The volatile organic compounds concentrator (VOC) concentrator market is segmented on the basis of adsorbent and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Adsorbent
Zeolite
Carbon

Application
Paint Finishing
Coating Operations
Electronics and Semiconductors Manufacturing
Chemicals Processing
Pharmaceutical Manufacturing
Others

Global Volatile Organic Compounds Concentrator (VOC) Concentrator Market Regional Analysis/Insights

The volatile organic compounds concentrator (VOC) concentrator market is analyzed and market size insights and trends are provided by adsorbent and application as referenced above.

The countries covered in the volatile organic compounds concentrator (VOC) concentrator market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the volatile organic compounds concentrator (VOC) concentrator market because of the high adoption of technology in the advancing countries within the region over the forecast period. Moreover, the presence of the global players in this particular region is further estimated to accelerate the expansion over the forecast period.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increasing rapid industrialization within the developing countries such as China and India. The significant increase in the call for the VOC concentrator workload is also a major contributor to the regional market expansion.

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