Flue Gas Desulfurization Market Size and Global Analysis - 2028

Flue Gas Desulfurization Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type (Dry FGD and Wet FGD) and Application (Power Generation, Chemical, Iron and Steel, Cement Manufacturing, and Others)

Publication Month : Jan 2021

  • Report Code : TIPRE00016430
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 152
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The flue gas desulfurization market was valued at US$ 18,128.01 million in 2019 and is projected to reach US$ 27,655.04 million by 2027; it is expected to grow at a CAGR of 5.6% from 2020 to 2027.

Flue gas desulfurization is a system that has a set of technologies used to remove sulfur dioxide (SO2) from the flue gases, which are emitted from power plants. The stringent environmental regulations mostly focusing on controlling the excessive SO2 emissions are likely to increase the demand for flue gas desulfurization systems. The demand for flue gas desulfurization is rising across diversified end-use industries. Further, rapid industrialization and strategic initiatives taken by the manufacturers are expected to proliferate the growth of the market. Additionally, technological advancements in the designing of FGD systems are expected to provide ample opportunities for market growth.

In 2019, APAC held the largest share of the global flue gas desulfurization market. The growth of the market in this region is primarily attributed to the increasing demand from the power generation industry and stringent regulations in the region. The power generation industry accounts for the highest consumption of FGD in APAC. Cement and chemicals industries in APAC are exhibiting tremendous developments which is expected to promote the demand for flue gas desulfurization systems during the forecast period.

As of December 2020, the US, India, Brazil, Russia, France, UK, Italy, Spain, Argentina, Colombia, Germany, and Mexico are among the worst-affected countries in terms confirmed COVID-19 cases and reported deaths.  The COVID-19 pandemic has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The chemicals & materials industry is one of the major industries facing serious disruptions such as office and factory shutdown, and supply chain breaks; as a result of this outbreak, the growth of the flue gas desulfurization market is being negatively impacted.

Geographic Overview of Flue Gas Desulfurization Market

Geographic Overview of Flue Gas Desulfurization Market

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Market Insights

Increasing Demand from Power & Energy Sector

Power facilities are the most extensive generators of SO2, which may cause acid rain. Sulfur is one well-known element found in coal. When combusted, the sulfur in coal converts into sulfur dioxide. When sulfur dioxide combines with moisture in clouds, it forms acid rain. Adding sodium-based exhaust gases lessens SO2 emissions by 98%. In the FGD systems, reductions of the discharges by the amount of 98% have become the most common type of technology used in bituminous and coal-fired power plants. 

According to the International Energy Agency, the coal-fired power plants produce about 37% of the globe's electricity, making them the largest single electricity generation source worldwide. However, such plants are bound to release pollutants, especially sulfur, which deteriorates the quality of environment. SO2 is usually formed by combusting fossil fuels and by the smelting of mineral ores that contain sulfur. Acid rain can cause deforestation, corrode building materials and paints, and acidify waterways to harm aquatic life. Therefore, the government has proposed stringent policies to control emissions of particulate matter (PM), SO2, nitrogen oxides, and mercury by coal-based thermal power plants. The new rules are expected to cut SO2 emissions by 90%, PM emissions by 25%, nitrogen oxides by 70%, and mercury by 75% from new thermal plants. The growing focus toward reducing the pollutants arising from power generation sector has significantly driven the demand for setting up flue gas desulfurization systems.

Type-Based Insights

Based on type, the flue gas desulfurization market is categorized into dry FGD and wet FGD.  The wet FGD segment dominated the flue gas desulfurization market in 2019. Wet flue gas desulfurization processes are mostly based on the concept of absorbing sulfur dioxide in absorption liquor or caustic suspension. The wet FGD is in demand has it provides higher efficiency in the removal of SOx than the dry FGD. The wet FGD also provides lower operating cost and more fuel flexibility. Besides, the wet FGD systems use limestone as a reagent, and the by-product is gypsum, which can be marketed to cement and wallboard manufacturers and the fertilizer industry.

Application-Based Insights

Based on application, the flue gas desulfurization market is segmented into power generation, chemical, iron and steel, cement manufacturing, and others.  The power generation segment led the flue gas desulfurization market in 2019.  Across the world, over 75% of electricity is being produced from the thermal power plant. Coal comprises sulfur in the range of 0.3% to 1% that differs depending upon the origin of location. Sulfur present in the coal after reaction forms sulfur dioxide (SO2), which is toxic to the atmosphere. To save the environment from such toxins, several countries in Europe as well as the US have implemented strict policies regarding reducing sulfur dioxide discharge. Consequently, power plants are installing flue gas desulfurization (FGD) plants or units mainly to lower the sulfur dioxide in the environment. Flue gas desulfurization refers to the process of removing sulfur oxides from the flue. The coal-fired power plants are the largest source of power generation globally and account for nearly 37% of the world’s electricity, as per the International Energy Agency. They are implementing strict measures by installing FGD systems in the plants to prevent the emission of harmful gases. Therefore, the factors such as stringent rules and regulations set by multiple federal governments, improving FGD technologies to increase absorption efficiency, high demand for electricity, and growing number of coal-fired power plants in emerging nations are expected to boost the growth of the flue gas desulfurization market.

Flue Gas Desulfurization Market, by Type – 2019 and 2027

Flue Gas Desulfurization Market, by Type – 2019 and 2027
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Flue Gas Desulfurization Market: Strategic Insights

Market Size Value inUS$ 18,128.01 Million in 2019
Market Size Value byUS$ 27,655.04 Million by 2027
Growth rateCAGR of 5.6% from 2020-2027
Forecast Period2020-2027
Base Year2020
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Chiyoda Corporation; Ducon; General Electric; S.A Hamon; Mitsubishi Heavy Industries, Ltd.; Rafako S.A; Valmet; Doosan Lentjes; Babcock and Wilcox Enterprises, Inc.; and Marsulex Environmental Technologies are among the key players operating in the flue gas desulfurization market. Major players in this market focus on strategies such as mergers and acquisitions, and product launches to increase their geographic presence and consumer base. For instance, in December 2016, MET and Sanders Lead Company Inc. entered into a contract for the supply of MET’s proprietary ammonium sulfate flue gas desulfurization (AS-FGD) system at Troy, Alabama, a lead smelter and battery reclamation facility. In January 2016, Valmet signed a contract with CIECH Soda Polska S.A for the supply of FGD to Soda Polska’s Janikowo combined heat and power plant in Poland.

Report Spotlights

  • Progressive industry trends in the global flue gas desulfurization market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the global flue gas desulfurization market from 2017 to 2027
  • Estimation of the demand for flue gas desulfurization across various industries
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
  • Recent developments to understand the competitive market scenario and the demand for flue gas desulfurization
  • Market trends and outlook coupled with factors driving and restraining the growth of the flue gas desulfurization  market
  • Decision-making process by understanding strategies that underpin commercial interest with regard to global flue gas desulfurization market growth
  • Flue gas desulfurization  market size at various nodes of market
  • Detailed overview and segmentation of the global flue gas desulfurization market as well as its dynamics in the industry
  • Flue gas desulfurization market size in various regions with promising growth opportunities

Global Flue Gas Desulfurization Market, By Type

  • Dry FGD
  • Wet FGD

Global Flue Gas Desulfurization Market, By Application

  •  Power Generation
  • Chemical
  • Iron and Steel
  • Cement Manufacturing
  • Others

Company Profiles

  • Chiyoda Corporation
  • Ducon
  • General Electric
  • S.A Hamon
  • Mitsubishi Heavy Industries, Ltd.
  • Rafako S.A
  • Valmet
  • Doosan Lentjes
  • Babcock and Wilcox Enterprises, Inc.
  • Marsulex Environmental Technologies
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies - Flue Gas Desulfurization Market

  1. Chiyoda Corporation
  2. Ducon
  3. General Electric
  4. S.A Hamon
  5. Mitsubishi Heavy Industries, Ltd.
  6. Rafako S.A
  7. Valmet
  8. Doosan Lentjes
  9. Babcock and Wilcox Enterprises, Inc.
  10. Marsulex Environmental Technologies

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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