Global Mist Eliminator Market - 2022-2029

Global Mist Eliminator Market - 2022-2029

Market Overview

The global mist eliminator market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX % during the forecast period (2022-2029).

A mist eliminator is a procedure that uses wire mesh as an eliminator to remove entrained liquid droplets from a vapor stream as well as undesired substances (impurities) from a liquid or gas stream. A mist eliminator is a high-capacity coalescing filter designed to remove oil, water and particulate matter from a compressed air/liquid stream. A mist eliminator improves the separation efficiency of a gas or liquid stream that influences the eliminator.

The stream of gas produced by a liquid flows up the column and intrudes on the mist eliminator. Because of the wettability and capillarity action of the wires, liquid particles in the gas stream are briefly trapped when they come into contact with the surface of the wires in the mist eliminator. The surface tension of the liquid plays a function before the droplet expands to greater size and reduces to the bottom of the column by gravity.

Market Dynamics

Stringent emission regulations, growing adoption in developing countries, growing manufacturing sector, rising chemical industry production capacity and rising penetration of mist eliminators in coal-fired power plants in developing countries drive the market forward.

Rising demand for the coal-fired power plants along with government regulations

It has been observed that the majority of the world's electricity demand is met by coal-fired power plants, particularly in developing countries such as India, China and Brazil, among others. According to the Energy Information Administration (EIA), the global capacity of coal-fired power plants has more than doubled since 2000, to 2,047 gigatons, with an additional 300 gigatons proposed. It is due mostly to substantial investment in China, Russia and India & tremendous expansion in the industrial sector.

According to Greenpeace's analysis, coal-fired power plants are a major source of SO2 emissions, accounting for more than 40% of overall emissions. India, Russia and China are also important contributors, with 4,586, 3,683 and 2,578 kilotons/year, respectively. Several regulatory authorities have put restrictions on SO2 emissions from power plants to avoid SO2 emissions and assist sustainable development. For example, U.S. Environmental Protection Agency (EPA) controlled six pollutants under the National Ambient Air Quality Standards program, resulting in a 73% decrease in emissions from 1990 to 2018. It is accomplished by several technological changes made at the processing plant.

The wet flue gas desulfurization method is commonly employed in coal-fired power plants to reduce SO2 emissions. During the process, mist eliminators play an important role in collecting SO2 mist from the gas stream and reducing its concentration in the exhaust gas stream. As a result of tightening restrictions in the power industry and increased power plant capacity, the industry's demand for mist eliminators will rise.

Economic slowdown and decline in oil prices

The COVID-19 pandemic has severely damaged most North American and European countries, particularly the U.S., Italy, Spain, UK, France and Germany. The cessation of activities in various manufacturing industries has resulted in a decrease in these countries' GDP. According to the OECD, the European Union's (EU) GDP fell by 3.3% in 2020. The industrial sector's demand dropped dramatically in the first and second quarters of 2020 due to the COVID-19 epidemic.

The impact was exacerbated further by falling oil & gas prices and a significant supply-demand mismatch. As per U.S. Energy Information Administration (EIA), world oil demand in 2020 will be 99.9 million barrels per day. To offset the impact and restore oil prices, OPEC and Russia agreed to cut the output by 9.7 million barrels in a day in May and June 2020. As a result, the global decline in the oil & gas industry will decrease demand for mist eliminators.

COVID-19 Impact Analysis

The market for mist eliminators was severely impacted by falling oil prices, a widening supply-demand gap and the COVID-19 pandemic effect. Because of the COVID-19 pandemic, demand for mist eliminators has been dropping due to a drop in refinery output and the suspension of expansion projects worldwide. The EIA predicts that oil & gas output will reach 94.6 million barrels per day in 2020. Reduced economic activity from the COVID-19 pandemic changed energy and oil & gas demand and supply patterns in 2020, which, in turn, has had an impact on the mist eliminators market.

Amid the COVID-19 pandemic, the growing demand from the pharmaceutical and food & beverage industries helps balance a little fall in demand induced by a global slowdown in the manufacturing sector. However, several end-use industries are stressing process optimization, high purity yield and compliance with regulatory standards. The need for high-performance mist eliminators is expanding throughout the end-use sectors.

Segment Analysis

By application, the mist eliminator market is segmented into oil & gas, desalination, power generation, textiles, chemical, paper & pulp, food & beverages and others.

Rising demand from the oil & gas industry

The oil & gas sector is likely to account for a larger proportion of global mist eliminators. Mist eliminators are used at various phases of the oil and gas industry's upstream, middle and downstream processes. Throughout, rates can be increased and gas-oil product yields can be increased using mist eliminators. It enables the crude's pure cut.

It's also utilized in vacuum towers, upstream & downstream processing lines, flue gas desulfurization and gas processing plants. With increasing oil & gas production capacity and stringent regulations worldwide, the need for mist eliminators in the oil & gas industry increases. Crude oil demand increased consistently until 2019. However, due to the COVID-19 epidemic, falling oil & gas prices and reduced refinery throughput, demand for mist eliminators has dropped dramatically.

Geographical Analysis

Growing industrialization in Asia-Pacific

Asia-Pacific is expected to lead the worldwide mist eliminators market. Due to rising regulations and energy consumption in the region, the market in the region is likely to see increased demand from the oil and gas and power generation industries. The expansion of Asia-Pacific chemical sector is also opening up new potential for the mist eliminators market. According to the CEFIC, overall chemical sales in Asia-Pacific in 2019 were US$ 1.9 trillion. The region's developing desalination industry is also driving the region's mist eliminators market.

Electricity is mostly supplied by coal-fired power facilities in China and India. Due to strict government regulations, mist eliminators are frequently utilized in these plants to reduce SOx emissions through flue gas desulfurization. The COVID-19 pandemic has slowed economic growth in various countries, owing to the stoppage of production facilities, decreased demand for oil & gas and disruption of the supply chain. As a result, demand for mist eliminators is predicted to fall in various end-use industries.

Competitive Landscape

Global players have implemented various strategies to boost their product portfolios, extend their market presence and improve their growth prospects in the mist eliminators market.

Major global mist eliminator market companies include Sulzer Ltd., Ceco Environmental Corporation, Munters Group AB, Koch-Glitsch LP, Sullair, LLC, Kimre Inc., Air Quality Engineering Inc., Hiliard Corporation, Evergreen Technologies Pvt. Ltd. and Green Mist Eliminator Factory.

Sulzer Ltd.

Overview: Sulzer is a world-renowned fluid engineering company. It specializes in fluid pumping, agitation, mixing and separation and purification technologies. The corporation boasts a global network of 180 world-class manufacturing and service facilities. Since 1834, Sulzer has had its headquarters in Winterthur, Switzerland.

Product Portfolio: The company provides a variety of mist eliminators for the separation of entrained fluids. KnitMeshTM mist eliminators, for example, have a proven track record as a low-cost, highly adaptable and efficient technique for removing liquid entrainment from gas streams. They may be utilized to solve a wide range of gas/liquid separation problems and customized to fit most vessel shapes and sizes.

Key Development: Sulzer has created a brand-new KnitMesh mist eliminator for corrosive applications. XCOATTM, a new Sulzer KnitMesh product line, is a metal wire coated with 100 percent pure PFA. The new substance is one-of-a-kind and only available at Sulzer.

Why Purchase the Report?

Visualize the composition of the mist eliminator market segmentation by type, end-user, application and region, highlighting the critical commercial assets and players.

Identify commercial opportunities in the mist eliminator market by analyzing trends and co-development deals.

Excel data sheet with thousands of mist eliminator market-level 4/5 segmentation points.

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Product mapping in excel for the key product of all major market players

The global mist eliminator market report would provide access to an approx. 61 market data table, 60 figures and 207 pages.

Target Audience 2022

Mist Eliminator Service Providers/ Buyers

Industry Investors/Investment Bankers

Education & Research Institutes

Emerging Companies

Mist Eliminator Manufacturers