Global Odor Control System Market by End Use (Chemical & Petro Chemical, Cement, Mining & Metal, Power & Energy) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global odor control market was worth USD 5.1 billion in 2019. It is projected to grow at a compound annual rate (CAGR of 5.4%) between 2020 and 2027. The market's growth is driven by the increasing demand for odor control systems in various industries. Additionally, odors can be generated by various manufacturing processes, including oil refining, chemical compound synthesis, and the processing of agricultural products. End-use industries are increasingly concerned about odors and how they impact the environment. This is driving market growth. Installing odor control systems in the end-use manufacturing sectors is intended to improve the quality and air quality.

End-use industries use odor control systems for air purification, source treatments, and neutralization. Because manufacturing plants produce a foul odor, which can cause deterioration in air quality, it is important to use odor control systems. The plant's foul odor can also affect the productivity. The market is forecast to experience significant growth due to these concerns.

Rapid industrialization has also contributed significantly to the environmental pollution in both developed and developing countries. The unregulated release of chemicals and gases into the atmosphere has been a result of the increased number of manufacturing plants. The combination of various gases and chemicals can lead to malodor in the environment. There is a growing market for odor control systems, thanks to increased awareness from end-user industries.

Market growth will be limited by the high price of odor control systems and high operating costs. The market will be driven by strict government regulations and policies that are imposed on end-user industries to manage odors. Several countries have established standards for the emission and management of gases in the environment. Manufacturing facilities must adhere to these laws in order to complete their processes.

System Type Insights

With a 41.7% share in 2019, activated carbon odor management system was the dominant market player in terms of revenue. The market leader in terms of revenue was the activated carbon odor control system with a share of 41.7% in 2019. This is due to its high odor removal efficiency as well as low power consumption. Activated carbon odor control system is highly efficient in removing gas-phase contaminants like hydrogen sulfide and mercury. It also removes HCl and other gaseous pollutants, which can cause malodor.

The segment of biological odor control systems is expected to grow at a CAGR exceeding 5.0% over the forecast period. This segment is expected to grow due to its low cost and easy maintenance. Biological odor control refers to a biological process that removes contaminants and odors from wastewater. These systems can also be called bio-scrubbers and biofilters depending on the type of biological oxygen used in the odor treatment process.

End-Use Information

The market share held by power and energy ended-use segments was more than 26.0% in 2019. It is expected to grow at a CAGR of over 5.0% during the forecast period. The burning of fossil fuels and biomass generates hazardous gases in power and energy plants. These gases include Carbon Dioxide (CO2) and Sulfur Dioxide (SO2), which are all produced by the burning of these fuels. These gases can create a stench in the environment which will lead to the need for odor control systems in power and energy industries.

The CAGR for the chemical and petrochemical industry is expected to be over 7.5%. Chemical and petrochemical industries are used to make solvents, fertilizers and polymers dyes as well as pesticides and cosmetics. The waste from the production of these products can contain dangerous aromatic compounds. For treating foul odors in the chemical and petroleum industries, odor control systems can be used.

Regional Insights

With a 41.8% revenue share in 2019, Asia Pacific was the dominant market. This is due to the rapid industrialization and increasing energy demand. The region is also experiencing an increase in toxic pollutants and other exhaust gases, which means that there is a huge demand for odor control systems. Market growth is further encouraged by stringent regulations in India and Japan regarding the emission of toxic pollutants.

Europe is forecast to experience significant growth during the forecast period. It will expand at a CAGR exceeding 5.0% between 2020 and 2027. Energy and power are the main end-use industries that contribute to the emission of gas pollutants into the environment. The various sources for odor generation include the combustion of fossil fuels in electricity generation and industrial processes. Industries are now using odor control systems to meet the environmental standards.

Market Share Insights & Key Companies

This market is highly fragmented and is characterized by high levels of competition between key players. These players are focused on increasing their market presence through various strategies, such as acquisitions, mergers, joint ventures or collaborations. These strategies allow organizations to grow their business in specific regions and increase their offerings.

As many companies focus on developing cost-effective and advanced system types and technologies, the industry competition will intensify. To hold a large market share, market leaders are focusing on low-cost and low-maintenance products. To offer better systems, major players in the market are investing heavily in research and development. The market is experiencing fierce competition from the major operating players. The market leader in odor control systems is:

• Advanced Air Technologies

• Catalytic Products International

• Durr Systems, Inc.

• Evoqua Water Technologies LLC

• Tholander Ablufttechnik GmbH

Up Market Research published a new report titled “Odor Control System Market research report which is segmented by End Use (Chemical & Petro Chemical, Cement, Mining & Metal, Power & Energy), By Players/Companies Durr Systems Inc, Advanced Air Technologies, Catalytic Products International, Tholander Ablufttechnik GmbH, Evoqua Water Technologies LLC”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Odor Control System Market Report Segments:

The market is segmented by End Use (Chemical & Petro Chemical, Cement, Mining & Metal, Power & Energy).

Odor Control System Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Odor Control System Market

Overview of the regional outlook of the Odor Control System Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Odor Control System Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Odor Control System Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Chemical & Petro Chemical

                2. Cement

                3. Mining & Metal

                4. Power & Energy

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Odor Control System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Odor Control System Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.