Global odor control systems market expected to boom at USD 2.93 billion by 2027: Fior Markets

Fior Market Research LLP

Fior Market Research LLP

Odor Control Systems Market By Type (Chemical Odor Control System, Activated Carbon Odor Control System, Biological Odor Control System), Application (Chemical Industry, Refinery & Petrochemical Industry, Waste Treatment Facilities, Food & Beverage, Pulp & Paper Industry, Manufacturing ), Regional, Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast to 2027

NEWARK, NJ, May 16, 2022 (Global News) – According to a report published by Fior Markets, The Global Odor Control Systems Market It is expected to grow from USD 1.97 billion in 2019 to USD 2.93 billion by 2027, at a CAGR of 5.07% during the forecast period 2020-2027. Asia Pacific dominates the market, valued at USD 630 million in 2019. As the region urbanizes and the population grows, the need for effective odor management increases. Urbanization without proper sanitation is an important cause of odor problems. In addition to this, the rapid industrialization of countries such as India, China and Southeast Asian countries has further contributed to the development of scents. Therefore, to address these significant issues, various governments and manufacturers have adopted odor control systems in the Asia Pacific region. On the other hand, the European region is expected to grow at the highest CAGR of 5.51% during the forecast period. The growth is mainly attributable to stringent regulations on odor control by various governments and agencies, driving the growth of the market.

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Key players in the global odor control systems market include Evoqua Water Technologies LLC, Siemens, KCH Services Inc., Romtec Utilities, Inc., Integrity Municipal Systems, LLC, Tholander Ablufttechnik GMBH, Environmental Integrated Solutions, IPEC NV, Bulbeck Group, and ECS Environment system, etc. Major companies are primarily focused on adding innovative features to their odor control systems to add value and enhance their global customer base. In addition to this, suppliers are adopting key strategies such as partnerships, collaborations and mergers and acquisitions to gain significant market share in the market. For example, in January 2018, Evoqua Water Technologies LLC announced that it had been awarded a contract for an odor control project at the Western Canada Wastewater Treatment Plant (WWTP).

The Types section includes chemical odor control systems, activated carbon odor control systems, and biological odor control systems. The bio-odor control systems segment is expected to grow at the highest CAGR of 5.29% during the forecast period. The system includes a combination of gas adsorption, absorption and biological treatment for effective odor removal. It reduces biological oxygen demand in wastewater and effectively reduces odor. Today, bio-odor control systems are widely used for municipal and industrial odor control, thereby driving the growth of the market. Application areas are divided into chemical industry, oil refining and petrochemical industry, waste treatment facilities, food and beverage, pulp and paper industry, manufacturing, etc. Waste treatment facilities accounted for a major market share of 30.56% in 2019. Waste treatment facilities often release hydrogen sulfide (H2S), which causes odors in surrounding residential areas and unsafe working conditions for workers. In addition to this, hydrogen sulfide (H2S) can cause corrosion to equipment and plants, resulting in costly repairs and hazardous gas and liquid leaks. Hence, the adoption of odor control systems in waste treatment facilities is very high, which contributes to the market growth.

The increasing focus on satisfactory working conditions in manufacturing facilities and waste treatment plants has also increased the demand for odor control systems. In addition, increasing environmental awareness among governments and institutions is further driving the growth of the market. However, over the years, odor control systems have become less effective due to wear and tear, which is likely to restrain the market growth over the forecast period.

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About the report:

Analysis of the Global Odor Control Systems Market on the basis of Value (USD Million). All segments are analyzed on a global, regional and country basis. The study includes analysis of over 30 countries in each market segment. The report provides an in-depth analysis of drivers, opportunities, constraints and challenges to gain key insights into the market. Research content includes Porter’s Five Forces Model, Attraction Analysis, Raw Material Analysis, Supply and Demand Analysis, Competitor Positioning Grid Analysis, Distribution and Marketing Channel Analysis.

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