The increased environmental concerns and other major driving factors is expected to favour the rise in the global flue gas desulfurization (FGD) market
Reports and Insights has published a new report titled, “Flue Gas Desulfurization (FGD) Market: Opportunity Analysis and Future Assessment 2020-2028”
Global Flue Gas Desulfurization (FGD) Market, By Material Type (Wet FGD Systems, Spray Dry FGD System, Dry FGD System), By End Use Industry (Power Plants, Cement, Metal Processing & Mining, Chemicals) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global flue gas desulfurization (FGD) market in 2020 is estimated for more than US$ xx Bn and expected to reach a value of US$ xx Bn by 2028 with a significant CAGR of xx%.
Flue gas desulfurization (FGD) pertains to the approach of eradicating sulfur dioxide (SO2) from flue gas, which is generated in furnaces and boilers. It assists in confronting the constantly soaring environmental difficulties and regulating plant exudations efficiently. FGD is usually achieved by means of a dry or wet procedure. In the midst of these, dry FGD comprises the usage of lime as a reagent to respond and eliminate gaseous pollutants. On the contrary, wet FGD comprises the application of an alkaline-based slurry of lime to scour gases.
One of the crucial factors that is majorly boosting the demand of flue gas desulfurization systems is the rising environmental concerns all around the world that resulted in implementation of environmental restrictions and laws on industrial exudations worldwide. Attributing to which, the global flue gas desulfurization (FGD) market is projected to grow significantly in the forthcoming years.
Moreover, the elevating demand for power as increased energy consumption as a result of swift urbanization and the extensive reliance on coal for energy production portrays one of the leading factors begetting the demand for FGD around the world. Owing to such factors, the global flue gas desulfurization market is projected to rise swiftly in the future years.
Also, there is a surge in the usage of FGD gypsum in the domain of construction, agriculture, panel products, cement production, mining, glassmaking and water treatment applications. It is also employed as a soil modification in various soil conditions to enhance chemical and physical attributes by encouraging superior aggregation, growing water infiltration rate and diminishing soil and soluble phosphorus loss from agricultural fields. Such factors are further estimated to strengthen the market growth in the coming years.
Reports and Insights Study identifies some of the key participating players in the Flue Gas Desulfurization (FGD) market globally are General Electric, Babcock & Wilcox Company, Chiyoda Corp., Mitsubishi Hitachi Power Systems, S.A. HAMON, Carmeuse, Thermax, Fujian Longking Co., Ltd., and Wuhan Kaidi Electric Power Environmental Co., Ltd., among others.
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