Report : Asia Pacific Regenerative Thermal Oxidizer Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Single Bed RTO, Double Bed RTO, and Triple Bed RTO); End-user (Automotive, Chemical, Coating and Printing, Pharmaceutical, Semiconductor, and Others); and Country
ChemicalSegment to DominateAsia PacificRegenerative Thermal OxidizerMarket during 2019–2027
According to The Insight Partners market research study on “Asia PacificRegenerative Thermal OxidizerMarketto 2027 – Regional Analysis and Forecast by Type and End-User,”is expected to reach US$ 3.33 Bn by 2027 from US$ 2.23 Bn in 2019. The market is estimated to grow at a CAGR of 5.3%from 2020 to 2027. The report provides trends prevailing in the Asia Pacificregenerative thermal oxidizer marketalong with the drivers and restraints pertaining to the market growth.The rise in the emission quantity of toxic substancescoupled with governmental acts to drive the adoption rate of RTOs are the major factorspropelling the growth of the regenerative thermal oxidizer market. However, rising development of substitute products in the marketmight hinder the growth of Asia Pacificregenerative thermal oxidizer market.
Based on end-user, the regenerative thermal oxidizer market is segmented into Automotive, Chemical, Coating and Printing, Pharmaceutical, Semiconductor, and Others. In 2019, the chemicalsegment held the largest share of Asia Pacificregenerative thermal oxidizer market. Air pollution control is extremely relevant in the chemical manufacturing industry as rules on emissions are becoming stringent. Therefore, the need to have advanced biological, thermal, and chemical waste treatment solutions is gaining high traction. As chemical processing can be performed in batch or continuously, it gives additional challenges for controlling VOC loading and maintaining 25% LEL levels. During the production of chemicals, various corrosive and toxic inorganics are produced that require scrubbing prior to oxidation. Thus, the demand for both scrubbers and oxidizers within the chemicals industry is rising to treat chemical gas emissions and corrosives.
Alliance Corporation, Anguil Environmental Systems, CondorchemEnvitech, The CMM Group, LLC,EISENMANN SE, Filtra?nítechnikaspol. s r.oShip & Shore Environmental, Inc., Shandong Baolan Environmental Protection Engineering Co., Ltd., and Taikisha Ltdare among the leading companies in the regenerative thermal oxidizer market.The listing of key players is derived by considering multiple factors such as brand image, current RTO product & service portfolio, geographic reach, new product launches, market initiatives, investment in technology upgradation, mergers & acquisitions, and other market-related activities.
The report segments the Asia Pacific Regenerative Thermal Oxidizer market as follows:
Regenerative Thermal OxidizerMarket– By Type
Regenerative Thermal OxidizerMarket – By End-User
Regenerative Thermal OxidizerMarket – By Country