Flue Gas Desulfurizer Market Growth, Size, Share, and Forecast 2032

Flue Gas Desulfurizer Market: Size

The global flue gas desulfurizer market size was worth around USD 21.91 billion in 2023 and is predicted to grow to around USD 35.48 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.50% between 2024 and 2032.

Request Free Sample

The report covers forecasts and analyses for the flue gas desulfurizer market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on volume (Units) and revenue (USD Billion).

Flue Gas Desulfurizer Market: Overview

Flue gas desulfurization is the process of removing sulfur dioxide from exhaust flue-gases from sulfide emitting processes. Sulfur dioxide emissions in the atmosphere lead to acid rain and hence, stringent regulations have been placed on the manufacturing and process industry to curb sulfur dioxide emissions across the globe. Increasing concerns regarding the emission of sulfur dioxide into the atmosphere are expected to be the major driving factor for the growth of the global flue gas desulfurizer market. Moreover, increasing construction of power plants across the globe owing to the increasing energy demand is expected to further aid the growth of the global flue gas desulfurizer market. Increasing focus on air quality in major nations owing to climate change and increasing pollution levels is also expected to aid the growth of the market. Growing sulfur dioxide levels in the atmosphere can lead to breathing difficulties, inflammation in the respiratory system, skin irritation, etc. However, the high installation cost of flue gas desulfurized is expected to be a restraining factor for the entry of new players into the market. 

Request Free Sample

Flue Gas Desulfurizer Market: Segmentation

The global flue gas desulfurizer market is segmented based on system, application, and region.

Based on the system, the market is segmented into wet systems and dry systems. Wet systems accounted for a significantly large share of the global flue gas desulfurizer market.

Based on application, the market is segmented into power plants, chemical & petrochemical, cement, metal processing & mining, manufacturing, and others. The cement segment accounted for the largest market share in the global flue gas desulfurizer market in 2023 and is expected to witness considerable growth during the forecast period. Cement manufacturing accounts for high sulfur dioxide emissions and the installation of flue gas desulfurized helps reduce the emissions significantly. This has increased the adoption of flue gas desulfurizers in the cement industry.

Flue Gas Desulfurizer Market: Report Scope

Flue Gas Desulfurizer Market: Regional Analysis

Asia Pacific accounted for the largest share in the global flue gas desulfurizer market in 2018. Growth of the industries such as cement and metal is expected to be a major driver of the growth of the flue gas desulfurizer market in the region. Moreover, increasing power generation activities in the region owing to the ever increasing energy demand in the region is expected to drive the demand for flue gas desulfurizers in the region. The region accounts for almost half the global flue gas desulfurizers demand.

Flue Gas Desulfurizer Market: Key Players Analysis

Some of the key players operating in the global flue gas desulfurizer market include:

• Alstom S.A.
• Babcock and Wilcox Company
• China Boqi
• Chiyoda Corporation
• Ducon Technologies Inc.
• Hitachi Power System America Ltd.
• Hamon Research-Cottrell
• Lonjing Environment Technology Co. Ltd.
• Mitsubishi Heavy Industries Ltd.
• Marsulex Environmental Technologies
• Siemens Energy
• Thermax

This report segments the global flue gas desulfurizer market as follows:

By System

• Wet Systems
• Dry Systems

By Application

• Power Plants
• Chemical & Petrochemical
• Cement
• Metal Processing & Mining
• Manufacturing
• Others

By Region

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa