Many emerging cement & chemicals industries such as fly ash and chemical solvent industries are favored industries that enhance the market performance. Increase in population and destruction in the environmental conditions boost the growth of the gas treatment in various developed and developing countries. In addition, the strict environmental policies on the several industries for their various discharge of industrial flue such as thermal power plants, cement industry, refineries, and others are some factors driving the gas treatment market growth during the forecast period. However, strict environmental policies, lack of awareness about the market in various regions of Latin America, Middle East & Africa and high cost of filters and high installation cost for example, electrostatic precipitators are some of the restraining factors for the growth of the gas treatment market.
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Market Trends
- According to the recent studies in which an Integrates Gravity driven Ecological bed (IGEB) was developed for the treatment if greenhouse gases which is released from wastewater in subtropical regions. This method is very efficient in mitigating the greenhouse emission and also cost effective.
- Another development in the Environmental Engineering by the Technical University of Denmark introduced a method for treatment of landfill gases with low content methane using bio-cover systems. This bio filters are having a good potential in terms of methane removal from landfill compost.
- Institute if process Metallurgy and Metal Recycling, Aachen University, Germany and ACCUREC Recycling, Germany conducted a research study about the gas generation and mechanical & thermal treatment of Li-ion batteries. Many acute toxicities are released during the thermal and mechanical of the batteries. The toxic gases include HF, CO, COF2, Formaldehyde, and acrolein.
- In March 2020, Huntsman Corporation had agreement to acquire CVC Thermoset Specialties, a North American specialty chemical manufacturer serving the industrial composites, adhesives and coatings markets. This acquisition will brings valuable complementary technology breadth to our Advanced Materials portfolio and its unique products will make systems using our class-leading epoxy-based materials even tougher, stronger, and more durable.
- In September 2019, BASF has acquired completely the 100% shares in Isobionics B.V., Geleen, and the Netherlands which help in increasing the product range in natural flavors and fragrances with a focus on citrus oil components.
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Key Benefits of the Report
- This study presents the analytical depiction of the gas treatment industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the gas treatment market share.
- The current market is quantitatively analyzed from 2020 to 2028 to highlight the gas treatment market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed gas treatment market analysis based on competitive intensity and how the competition will take shape in coming year
COVID-19 Impact analysis
- The gas treatment market is expected to witness a slowdown, owing to decline in demand and supply chain disruptions due to the global COVID-19 outbreak.
- Chemical industry has severely affected due to the global lockdown, owing to witness the production in various countries. Being the major application area for gas treatment, it restricts the growth prospects of the gas treatment market.
- The companies involved in manufacturing gas treatments equipment were on halt due to shortage of labor, which is projected to hamper the growth of the gas treatment market.
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