14-Aug-2020 | Zion Market Research
The global market for adsorption equipment is predicted to be valued at USD 400 million in 2019 and is predicted to reach USD 581.35 million by 2026 with a CAGR of 5.7% in the years to come. The requirement for adsorption tools is majorly boosted by strict laws to manage VOC emissions in different end-use sectors such as chemical, automotive paints, semiconductor, printing, pharmaceutical, and food & beverage.
CECO Environmental, Durr Aktiengesellschaft, TIGG LLC, Evoqua Water Technologies LLC, TAIKISHA LIMITED, Chemisch Thermische Prozesstechnik (CTP) GmbH, Gulf Coast Environmental Systems, Environmental C & C Inc., and Monroe Environmental Corp are the major companies in the global market for adsorption equipment. High depth in application reach, diversified product range, and technical help to users are factors accountable for powering the status of these firms in the adsorption equipment market.
10,000–50,000 CFM Is Predicted To Be The Quickest-Developing Section By Capacity During The Forecast Period In The Adsorption Equipment Market
The development of the section is majorly credited to the elevated use of adsorption equipment due to the capability of processing high levels of VOCs. This tool is developed for every kind of adsorbent materials such as zeolites, bead activated carbon, and granular activated carbon.
Automotive Paints Predicted To Be The Quickest-Growing Segment By End-Use Industry During The Forecast Period In The Adsorption Equipment Market
By end-use sector, automotive paints segment is predicted to be the quickest-developing section during the forecast period for the adsorption tool market. This development is majorly credited to strict laws to regulate VOC emissions created by finishing systems. As per OICA, global production for vehicles elevated by 2.4% in 2019. This in turn generates high development growth avenues for the adsorption equipment tool.
Asia Pacific Predicted To Be The Quickest-Developing Market In The Years To Come
The Asia Pacific adsorption equipment market is anticipated to clock the quickest CAGR during the forecast period in terms of value. The market in the area is majorly boosted by strict laws to manage VOC emissions. India, China, and Japan are the primary users of adsorption tool in Asia Pacific. The area is a manufacturing hub for the chemical, automotive, printing, pharmaceutical, semiconductor, and paper sectors. This, in return, generates profitable growth avenues for the adsorption equipment makers in the area.
Browse the full “Adsorption Equipment Market - by End-use Industry (Chemical, Automotive Paints, Printing, and Semiconductor), by Capacity (10,000-50,000 CFM, Less than 10,000 CFM, and More than 50,000 CFM), and by Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/adsorption-equipment-market
The global adsorption equipment market is segmented as follows:
By end-use industry:
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