Home >> Information & Communications Technology >> VOC Recovery and Abatement System Market

Global VOC Recovery and Abatement System Market Size,Trends, Growth Forecast to 2031

Category : Information & Communications Technology | Report Code : 1608 | Pages : 141 | Oct 2024

Report Overview

Volatile Organic Compounds (VOCs), as important precursors of ozone and PM2.5, are among the major contributors to current regional composite air pollution. VOCs and the secondary pollutants they form have a negative impact on human health, and some VOCs are also genotoxic and carcinogenic. The largest investment market segment is “using industries that use VOCs products” (such as textile printing and dyeing, printing, furniture manufacturing, architectural decoration, etc.), including: end-of-line treatment, process improvement and raw material replacement in the printing and coatings industries. Use water-based paints, environmentally friendly inks, environmentally friendly adhesives, etc.).

The global VOC Recovery and Abatement System market size is projected to grow from US$ 17540 million in 2024 to US$ 64120 million in 2030; it is expected to grow at a CAGR of 24.1% from 2024 to 2030.

Analytic Insights Hub' newest research report, the “VOC Recovery and Abatement System Industry Forecast” looks at past sales and reviews total world VOC Recovery and Abatement System sales in 2022, providing a comprehensive analysis by region and market sector of projected VOC Recovery and Abatement System sales for 2023 through 2029. With VOC Recovery and Abatement System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world VOC Recovery and Abatement System industry.

This Insight Report provides a comprehensive analysis of the global VOC Recovery and Abatement System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on VOC Recovery and Abatement System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global VOC Recovery and Abatement System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for VOC Recovery and Abatement System and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global VOC Recovery and Abatement System.

The VOC Recovery and Abatement industry is a key area for addressing air pollution and environmental protection. With the increasingly stringent global environmental regulations and the improvement of corporate social responsibility, the industry is developing rapidly. Through advanced technologies such as catalytic combustion, membrane separation and condensation technology, companies can effectively reduce VOC emissions while recovering valuable chemicals. Although the industry faces challenges such as high initial investment, limited technical applicability and complex regulatory compliance, continuous technological innovation and policy support are promoting its widespread application in multiple industrial fields, contributing to global sustainable development.Global key players of VOC recovery and abatement include Air Products, Linde plc, Wärtsilä, Munters, TOYOBO, etc. Top five players occupy for a share about 33%. Asia-Pacific is the largest market, with a share about 53%, followed by Europe and North America. In terms of product type, Adsorption by Activated Carbon is the largest segment, with a share over 31%. In terms of application, Petroleum and Petrochemical is the largest market, with a share over 24%.In the fierce market competition, VOC recovery and emission reduction service providers should enhance their competitiveness through technological innovation and cost optimization, and develop efficient and low-energy treatment technologies to meet the needs of different industries. At the same time, service providers need to strengthen cooperation with downstream companies, provide customized solutions, and improve the operating efficiency of the system through digitalization and intelligent monitoring technology. In addition, service providers should pay attention to changes in global environmental regulations, seize opportunities in emerging markets, and actively enhance brand reputation and strengthen their market image in corporate social responsibility (CSR) and sustainable development.

This report presents a comprehensive overview, market shares, and growth opportunities of VOC Recovery and Abatement System market by product type, application, key players and key regions and countries.

Segmentation by Type:
    Regenerative Thermal Oxidation
    Recuperative Thermal Oxidation
    Catalytic Oxidation
    Adsorption by Activated Carbon
    Cryocondensation
    Others

Segmentation by Application:
    Petroleum and Petrochemical
    Packaging and Printing
    Pharmaceuticals
    Food
    Plastic and Rubber
    Iron and Steel
    Coatings and Inks
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

Segmentation by Type:
    Regenerative Thermal Oxidation
    Recuperative Thermal Oxidation
    Catalytic Oxidation
    Adsorption by Activated Carbon
    Cryocondensation
    Others

Segmentation by Application:
    Petroleum and Petrochemical
    Packaging and Printing
    Pharmaceuticals
    Food
    Plastic and Rubber
    Iron and Steel
    Coatings and Inks
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Air Products
    Linde plc
    Wärtsilä
    Munters
    TOYOBO
    Taikisha
    Nippon Gases
    Calgon Carbon Corporation
    Condorchem Envitech
    Conifer Systems
    Anguil
    ComEnCo Systems
    Polaris
    Bay Environmental Technology
    KVT Process Technology
    CECO Environmental
    SINOPEC Qingdao Safety Engineering
    Naide
    ECOTEC
    Sinochem Environment Air Pollution Control
    WELLE Environmental Group

Frequently Asked Questions?

Ans - The purpose of a VOC Recovery and Abatement System market research report is to provide data-driven insights and analysis on a VOC Recovery and Abatement System market. It helps businesses understand industry trends, competition, consumer behavior, market size, growth potential, and risks, supporting strategic decision-making.

Ans - Market research reports typically include both quantitative (market size, revenue, growth rates) and qualitative (trends, consumer preferences, competitive analysis) data. It often includes industry statistics, surveys, expert opinions, historical data, and future forecasts.

Ans - The forecast period typically for VOC Recovery and Abatement System market report spans the next 5 to 10 years. It includes projected market trends, growth opportunities, and potential challenges.

Ans - Yes, Analytic Insights Hub customization services, allowing businesses to focus on specific geographies, sectors, or market segments that are relevant to them.

Ans - The report highlights major trends such as technological innovations, consumer behavior shifts, regulatory changes, or emerging markets that may impact the industry?s growth.