IMARC Group, a leading market research company, has released a report titled “Flue Gas Desulfurization Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global flue gas desulfurization market is expected to exhibit a growth rate (CAGR) of 4.9% during 2023-2028.
Flue gas desulfurization (FGD) stands for the process of eliminating sulfur dioxide (SO2) from flue gas. It helps in managing the rising environmental challenges and minimizing plant emissions effectively. FGD is usually accomplished through a dry or wet process. The dry FGD involves the usage of lime as a reagent to react and remove gaseous pollutants. While on the other hand, wet FGD includes the application of an alkaline-based slurry of lime to scrub gases. As a result, FGD finds diverse applications in various industries, including agriculture, construction, mining, water treatment, etc.
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Flue Gas Desulfurization Market Trends and Drivers:
The escalating demand for power due to rapid urbanization and the widespread dependence on coal for energy generation is primarily catalyzing the demand for FGD across the globe. Furthermore, FGD finds extensive applications in the agricultural sector as a soil amendment to enhance physical and chemical properties by promoting better aggregation, increasing water infiltration rate, and minimizing soil and soluble phosphorus loss from agricultural fields. Moreover, FGD by-products are increasingly being employed in the manufacturing of wallboard, cement, and Plaster-of-Paris (POP). Consequently, the expanding construction industry, along with the growing number of modern housing projects is further catalyzing the market for FGD. Besides this, several technological advancements in the designing of high-performing and low-cost FGD systems are expected to further drive the global FGD market in the coming years.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Alstom S.A.
Andritz AG
Babcock & Wilcox Enterprises Inc.
Chiyoda Corporation
Doosan Lentjes
Ducon Technologies Inc.
Fujian Longking Co. Ltd.
General Electric Company
Hamon Corporation
Mitsubishi Power Ltd.
Rafako S.A.
Thermax Limited.
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The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Product Type:
Wet FGD Systems
Dry and Semi-Dry FGD Systems
Breakup by End Use:
Power Generation
Cement
Chemical
Iron and Steel
Others
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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