Global VOC Treatment & Recovery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global VOC Treatment & Recovery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Volatile organic compounds (VOCs), as important precursors of ozone and PM2.5, are major contributors to the current regional combined air pollution. Volatile organic compounds and secondary pollutants formed have a negative impact on human health, and some volatile organic compounds are also genotoxic and carcinogenic.

Market Overview:

The latest research study on the global VOC Treatment & Recovery market finds that the global VOC Treatment & Recovery market reached a value of USD 611.48 million in 2022. It’s expected that the market will achieve USD 1007.27 million by 2028, exhibiting a CAGR of 8.67% during the forecast period.

Opportunities

The midstream governance project is the core of the industrial chain, and it is also the link with the highest profit rate, which is easy to form a large company.
In recent years, with the deepening of people's understanding of VOC hazards, the government has paid more and more attention to the governance of Voc. With the support of policies, the market will continue to grow and develop.
The key to VOC governance lies in technology. Enterprises must strengthen cooperation with scientific research institutions or universities to update technologies, and adopt appropriate technical solutions and strategies in light of their own conditions.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

The top three companies are CECO Environmental Corp, Durr Group and CMI Group with the revenue market share of 5.73%, 4.42% and 4.32% in 2018.

CECO Environmental Corp. provides industrial air quality and fluid handling systems for the energy, industrial, and other markets worldwide. The company operates through three segments: Energy Solutions, Environmental Solutions, and Fluid Handling and Filtration Solutions. The company engineers, designs, builds, and installs systems that capture, clean, and destroy airborne contaminants from industrial facilities, as well as equipment that control emissions from such facilities; and fluid handling and filtration systems.

The Dürr Group is one of the world's leading mechanical and plant engineering firms with extensive expertise in automation and digitization/Industry 4.0.

Segmentation Overview:

Among different product types, Catalytic Oxidation segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Petroleum segment occupied the biggest share from 2018 to 2022.

Key Companies in the global VOC Treatment & Recovery market covered in Chapter 3:

Epcon Industrial Systems LP
Wartsila Corporation
Pure Air Solutions
The Linde Group
PETROGAS system Inc.
Gulf Coast Environmental Systems
CECO Environmental Corp
Calgon Carbon Corporation
Climate Technologies Corp.
CMI Group
Anguil Environmental Systems, Inc.
Air Products and Chemicals, Inc.
Durr Group

In Chapter 4 and Chapter 14.2, on the basis of types, the VOC Treatment & Recovery market from 2018 to 2029 is primarily split into:

Regenerative Thermal Oxidation
Recuperative Thermal Oxidation
Catalytic Oxidation
Photo-oxidation
Adsorption by Activated Carbon
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the VOC Treatment & Recovery market from 2018 to 2029 covers:

Basic Chemical Raw Materials
Synthetic Material
Plastic & Rubber
Petroleum
Food
Medicine
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)