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Pulished Date February, 2021
ID: 11176
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VOC Concentrator Market – Segmented By Adsorbent (Zeolite and Carbon), By Application (Paint Finishing, Pricing, Electronics and Semiconductors Manufacturing, Chemical Processing, Pharmaceuticals Manufacturing, and Others) Size, Share, Trends and Growth Analysis Report and Region - Industry Forecast | 2021 to 2026

Pulished: February, 2021
ID: 11176
Pages: 175

VOC Concentrator Market Value and Growth:

The worldwide market for VOC concentrators is predicted at USD xx billion in 2021 and is predicted to reach USD xx billion in 2026, with a CAGR of xx% from 2021 to 2026.

Industrial expansion in Asia-Pacific has been exponential during the last decade, which is mainly attributed to the expansion of China, India and other countries in the region. The drivers of industrialization in these countries are lower operating costs that enable profitable production and transportation. Air pollution is at its peak, causing serious damage to the environment and humans. Various measures have been taken to minimize air pollution. A volatile organic compound is one of these that generates suspended particles (SPM) and photochemical oxidants. These chemical compounds are very dangerous for human health and must be neutralized before being released into the atmosphere. VOCs are emitted during the painting process and printing factors such as benzene and toluene. The VOC concentrator is essential to reduce escalating air pollution. In recent times, growing concern about air pollution and environmental degradation has driven the market. Volatile organic compounds (VOCs) are organic chemical compounds emitted from paints, solvents, adhesives, aerosols, and dry cleaning fluids. The VOC concentrator is a pollution reduction technique designed to control and remove VOCs and hazardous air pollutants from industrial exhaust systems. VOC concentrators are typically installed in these applications, which combine a high volume of air and low inlet concentration solvents. These concentrators mainly consist of three phases, namely adsorption, desorption and thermal oxidation.

VOC Concentrator Market Trends:

Industrial expansion in Asia Pacific is growing at an exponential rate and is predicted to increase over the foreseen period. Additionally, VOC concentrators are employed to collect and remove volatile organic compounds, which can form harmful compounds after reacting with nitrous oxide and other compounds in the atmosphere. These factors will have a significant impact on the expansion of the market during the foreseen period.

Recent Developments in the VOC Concentrator Market:

  • Astute, Inc., a leading end-to-end customer engagement platform, today announced the launch of Interaction Experience, a new survey solution designed to capture post-engagement feedback across multiple contact channels.
  • BASF's Coatings division introduces a new line of advanced finishing products. By escalating efficiency and dramatically reducing environmental impact, the products are designed to meet the highest expectations of modern auto body shops.

VOC Concentrator Market Drivers:

Increased awareness of environmental issues and the enforcement of strict rules and regulations by regulatory authorities are key drivers of the VOC concentrator market. Due to the implementation of these rules and regulations, companies around the world are installing pollution control devices. Therefore, the VOC concentrator market is predicted to grow at a significant CAGR over the foreseen period. Another factor driving the expansion of the VOC concentrator market is rapid industrialization. A significant increase in call from the automotive, aerospace, semiconductor, spray coating and pharmaceutical industries is predicted to drive the market for VOC concentrators. Knowledge of environmental issues and the application of strict rules and procedures by regulatory authorities are the main drivers of the VOC concentrator market. The VOC concentrator market is projected to grow at a notable CAGR over the foreseen period. Rapid industrialization is another factor that has contributed to the development of the VOC concentrator market. A notable increase in call from the automotive, semiconductor, spray coating and pharmaceutical industries is predicted to grow the market for VOC concentrators.

VOC Concentrator Market Restraints:

The benzene and toluene neutralization process is quite complicated and can retard the expansion of the VOC concentrator market.

Opportunities in the VOC Concentrator Market:

Another worldwide market driver is the growing call for VOC concentrators from various industries such as paint, automotive, semiconductors, electronics manufacturing, pharmaceuticals, etc. Easy maintenance, simplified operational controls, low O&M costs, compact size, and easy on-site installation are factors driving the call for VOC concentrators in various industries.

VOC Concentrator Market Segmentation:

By adsorbent:

  • Zeolite
  • Carbon

By application:

  • Paint Finishing
  • Pricing
  • Electronics and Semiconductors Manufacturing
  • Chemical Processing
  • Pharmaceuticals Manufacturing
  • Others

The automotive, paint and coatings industries are predicted to dominate the market for VOC concentrators due to the huge call from these manufacturing industries. The VOC concentrator is also employed in chemical processing industries due to escalating call. Easy maintenance, simplified operation control, lower running cost, small size and easy installation are the factors that increase the call for VOC concentrators in different industries.

VOC Concentrator Market Regional Analysis:

The VOC Concentrator Market Report includes the segmentation of Regions:

  • North America 
  • Europe 
  • Asia Pacific
  • Latin America 
  • Middle East & Africa 

North America is predicted to have the largest market share during the foreseen period, due to strict regulations in the region, increased call for manufactured goods, and increased disposable income per capita of individuals. North America dominated the worldwide market for VOC concentrators in 2018. This trend is predicted to continue during the foreseen period due to the presence of a large number of manufacturing companies in North America. The United States dominated the North American VOC concentrator market in 2018 and is predicted to continue to dominate during the foreseen period, as the United States is a leading manufacturer of automotive, aerospace, semi-conductors, electronics, etc. The Asia Pacific VOC concentrator market is predicted to grow at the highest CAGR during the foreseen period. This can be attributed to rapid industrialization in developing countries, such as China, India, and Japan, and a significant increase in call for VOC concentrators. China dominates the market for VOC concentrators in the Asia-Pacific region. It is predicted to maintain its dominance during the foreseen period, due to the expansion of various industries in the country.

 The market for VOC concentrators in Europe is predicted to expand significantly during the foreseen period due to the implementation of strict rules and regulations by the regulatory authorities. The Latin America, Middle East and Africa VOC concentrator market is predicted to grow at a constant CAGR over the foreseen period due to industrial development. The United States Environmental Protection Agency has strict rules and regulations for dealing with offenders of air pollution. To avoid heavy fines, companies are installing air pollution control devices, which has boosted the market. European countries are well aware of the increase in GHG emissions, sea level and air pollution, among others. Also, the presence of some of the big name car manufacturers, the pulp and paper industry and the textile industry may show strong expansion for VOC concentrators. Emerging economies such as China and India are investing heavily in environmental protection to act against air pollution, that will leverage the market for VOC concentrators.

Impact of Covid-19 on VOC Concentrator Market:

The industry could be hit hard by the COVID-19 outbreak on many fronts: declining call and productivity, operational and supply chain disruptions, possible tightening in the credit and healthcare markets of your workforce. The industry can be particularly vulnerable as the majority of its production workforce is in on-site jobs that cannot be done remotely. Also, given the nature of the industry, companies may need to think about how to create social distancing in often high-density workplaces. On top of that, many companies are predicted to prepare for a major worldwide supply chain and other distribution disruptions. They should also expect supply chain partners to face their own challenges and cannot fulfill orders on time, or cannot complete them, during the crisis. Finally, expect a slowdown in call for products as a result of some affected industries, including industrial and automotive products. However, at the same time, we could see continued call from other end-users, such as producers of personal and household health products.

VOC Concentrator Market Key Players:

The Prominent Players in the global VOC concentrator market are Seibu Giken Co. Ltd. (Japan), Anguil Environmental (US), TKS Industrial Company (US), CECO Environmental (US), The CMM Group, LLC (US), Munters (Sweden), Filtrační technika (Czech Republic), Cycle Therm, LLC (US), Gulf Coast Environmental Systems (US), Condorchem Envitech, Shore Environmental, Inc (US), Catalytic Products International, Inc. (US), Tecam Group (Spain), Teledyne Technologies (US), and Sang Won Machinery Co., Ltd.  (South Korea).  

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 VOC Concentrator Market, By Adsorbent                      

                                6.1.1 Zeolite      

                                6.1.2 Carbon     

                                6.1.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.4 Y-o-Y Growth Rate Analysis              

                                6.1.5 Market Attractiveness Index           

                6.2 VOC Concentrator Market, By Application                     

                                6.2.1 Paint Finishing       

                                6.2.2 Pricing       

                                6.2.3 Electronics and Semiconductors Manufacturing     

                                6.2.4 Chemical Processing           

                                6.2.5 Pharmaceuticals Manufacturing    

                                6.2.6 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.7 Y-o-Y Growth Rate Analysis              

                                6.2.8 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Adsorbent        

                                7.2.3 By Application       

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Adsorbent        

                                7.3.3 By Application       

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Adsorbent        

                                7.4.3 By Application       

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Adsorbent        

                                7.5.3 By Application       

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Adsorbent        

                                7.6.3 By Application       

8. Key Player Analysis                                    

                8.1 Seibu Giken Co. Ltd                 

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Anguil Environmental                            

                8.3 TKS Industrial Company                        

                8.4 CECO Environmental                              

                8.5 The CMM Group, LLC                             

                8.6 Munters                      

                8.7 Filtrační technika                     

                8.8 Gulf Coast Environmental Systems                   

                8.9 Shore Environmental, Inc                     

                8.10 Teledyne Technologies                       

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms By Cutting Systems and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global VOC Concentrator  Market By Region, From 2021-2026 ( USD Billion )
  2. Global VOC Concentrator  Market By Adsorbent, From 2021-2026 ( USD Billion )
  3. Global Zeolite Market By Region, From 2021-2026 ( USD Billion )
  4. Global Carbon Market By Region, From 2021-2026 ( USD Billion )
  5. Global VOC Concentrator  Market By Application, From 2021-2026 ( USD Billion )
  6. Global Paint Finishing Market By Region, From 2021-2026 ( USD Billion )
  7. Global Pricing Market By Region, From 2021-2026 ( USD Billion )
  8. Global Electronics and Semiconductors Manufacturing Market By Region, From 2021-2026 ( USD Billion )
  9. Global Chemical Processing Market By Region, From 2021-2026 ( USD Billion )
  10. Global Pharmaceuticals Manufacturing Market By Region, From 2021-2026 ( USD Billion )

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