Odor control systems market value expected to hit US$ 4,070.5 Mn by 2026, expanding with a CAGR of 3.6% during the forecast period from 2018 to 2026
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Odour control is a primary concern for any facility operator whose property lies in the vicinity of residential or business areas. When the natural breakdown of organic materials is happening under optimum conditions, it primarily produces carbon dioxide, water vapor, and heat. When the process is unbalanced in some way, other gases are produced, some of which have objectionable odor. Subsequently, odour management is a primary motivator for optimizing the composting process. Odour control agents are employed to control or reduce unwanted odors from industrial/manufacturing processes. The objective behind implementing odour control systems at manufacturing plants is to improve the quality of air, which industries such as wastewater, paper, food & beverage emit during the various operations at their manufacturing plants. Over the years, before odour control systems were invented, operations at industries/manufacturing facilities were hampered due to the bad quality of air. For instance, if a manufacturing plant has not installed an odor control system, people living around the plant likely to hold the manufacturing plant responsible for emitting bad odor in the atmosphere and deteriorating the quality of surrounding air, which can tarnish the image of the company. Moroever, the productivity of the manufacturing plant can get affected due to the odors produced during the operations at the plant. Additionally, the quality of the product is likely to get impacted due to the decline in productivity, which is undesirable for the company. In many cases, it has been noticed that odors have increased the safety concerns in the manufacturing plant. Many odors are corrosive in nature, and consequently, it can damage the equipment present in the manufacturing plant. All the factors mentioned above are forcing industries to take remedial steps to tackle the odor problems at their manufacturing plants, and odour control systems are perceived to the best choice. The breakdown of organic materials is very difficult to stop unlike a mechanical process.
Demand for odor control agents is rising along with the expansion of various industries such as paper, wastewater, and refineries, globally, especially in Asia Pacific and Western Europe. Expansion of industries such as pulp & paper, oil refineries, foundries, food processing, and textile is driving the global odor control agents market. Industry and government regulations to curb unwanted odor is fuelling the growth for the global odour agents system market. Various regulations are implemented by governments, which is anticipated to force many industrial plants to have odor control agents to enhance the quality of the air.
Many underdeveloped and developing countries do not have stringent regulation regarding industrial odor control. Therefore, the odor control agents market in those countries is expanding at a low growth rate.
Based on geographic regions, the global odour control agents market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. In terms of volume and revenue, the Asia Pacific odor control agents market is projected to expand due to the expected expansion of industries such as paper & pulp, automotive, and steel. Europe and North America are also anticipated to expand at a significant growth rate due to the automotive industry.
Key manufacturers operating in the odor control agents market are Synthron, Engage Agro, Rudolf GmbH, Vapor Technologies Inc., and Odour Neutralising Agent.
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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
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- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
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Key questions answered in this report
- What was the market size of odor control systems in 2017 and forecast up to 2026?
- Which is largest regional market for odor control systems?
- What are the key market trends observed in the odor control systems market and outlook for waste treatment facilities?
- Which is the most promising systems type and end-user in odor control systems market?
- Who are the key players leading the market?
- What are the key strategies adopted by the leading players in market?
- What are the key pollution regulating trends across different geographies and sub-geographies?
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