Regenerative Thermal Oxidizer Market to Grow at a CAGR of 4.2% to reach USD 11.75 Bn from 2020 to 2027

The regenerative thermal oxidizer (RTO) market was valued at USD 8.55 billion in 2019 and is projected to reach USD 11.75 billion by 2027; it is expected to grow at a CAGR of 4.2% from 2020 to 2027.

The air pollution control technologies have profound scope of application across different industries for mitigating the harmful pollutants into the open atmosphere. Currently, numerous chemicals, thermal, and electrostatic precipitators and scrubbers, among other business offerings, are extensively popular among the end-user industries; these products are commonly provided by several players operating in the regenerative thermal oxidizer (RTO) market. Despite the high cost of industrial RTOs, there has been a large-scale adoption of the same over the past few years. Factors such as existence of stringent regulatory guidelines, and rising awareness toward environmental pollution and workplace safety are the major factors propelling the growth of the market since the past few years.

Presently, the global regenerative thermal oxidizer (RTO) market includes a significant number of market players with regional focus and diverse business offerings. However, the market also includes a notable number of globally prominent players, such as Alliance Corporation, Anguil Environmental Systems, Inc., Catalytic Products International, Condorchem Envitech, Eisenmann SE, Filtracní Technika, Spol. sr.o., Shandong Baolan Environmental Protection Engineering Co., Ltd., Ship & Shore Environmental, Inc., Taikisha Ltd., and The CMM Group LLC. Further, the players in this market provide wide range of customized, flexible, and robust regenerative thermal oxidizer (RTO) solutions for different end-user industries.

The manufacturing sector is among the key sectors that contribute a substantial percentage of air pollution every year. Pertaining to the rising concerns related to the degradation of environment and depletion of ozone layer, caused by toxic substances (HAPs and VOC) and gases emitted from industries, the manufacturers are heavily focusing on the adoption of advanced technologies to destroy toxic substances and reduce harmful emissions. This is generating noteworthy demand for RTOs among the manufacturers.

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Regenerative Thermal Oxidizer Market: Strategic Insights

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Impact of COVID-19 Pandemic on Regenerative Thermal Oxidizer Market

The ongoing COVID-19 pandemic continues to bring long-terms disruption across several major process as well as discrete industries, including automotive, chemicals, general manufacturing, electrical and electronics, and pharmaceuticals. However, the critical industries such as food & beverages, pharmaceuticals, power generation, and chemicals have noticed limited disruption during the pandemic across different economies owing to their significance in utilities and essential supplies. As a result, the prevalence of nation-wide lockdown to minimize the transmission of virus has significantly disrupted the supply chain activities and the production of components, equipment, controllers, and raw materials of regenerative thermal oxidizer (RTO) solutions across several manufacturers especially the small & medium enterprise owners. Moreover, the limited production activities, along with disappearing demand from end-user industries, are expected to lower the overall market revenue during 2020, resulting in decline in the market growth in the next few years.

Market Insights

Increase in Emission Volume of Toxic Substances

The global industrial sector has been experiencing significant growth since the past decade. The industrialization in the developed countries of North America and Europe is majorly attributed to the strong economies and government support. The manufacturing sector contributes a significant share to the respective country’s GDP, owing to which, the governments in the developed countries are strongly emphasizing on the development of the manufacturing sector in their respective countries. The production units of industries such as automotive, chemical, pharmaceutical, petrochemical, thermal power plants, nuclear power plants, aerospace, and coating and printing emit massive volumes of HAPs and VOCs from the exhaust, which results in severe environmental pollution. To destroy and suppress the emission of the HAPs and VOCs, several industrial technology and system developers are offering RTOs for various industrial setups.

Type-Based Market Insights

Based on type, the global regenerative thermal oxidizer market is segmented into single-bed regenerative thermal oxidizers, double-bed regenerative thermal oxidizers, and triple-bed regenerative thermal oxidizers. Companies such as Durr Group offer DürrMegtecVocsidizer, which is a single-bed, and flameless regenerative thermal oxidizer (RTO) with a modular design; it ensures low running costs for a VOC abatement and HAPs control. The system ensures high VOC destruction, with reliability, simple design, and superior energy-efficiency. The Double-Beds have the highest demand for regenerative thermal oxidizers. When these designs are utilized in conjunction with a well-designed poppet valve, a 2-chamber ceramic media bed design system becomes more efficient and compact. In addition to the peculiar design, these RTOs needs less materials and are less expensive to manufacture.

End User-Based Market Insights

Based on end user, the regenerative thermal oxidizer market is segmented into automotive, chemical, coating and printing, pharmaceuticals, food & beverages, semiconductor, and other industries. Air pollution control is a common concern in the chemical manufacturing industry due to the increasing stringency of rules on emissions. Therefore, the need to have advanced biological, thermal, and chemical waste treatment solutions is gaining high traction. 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 in the chemicals industry to treat chemical gas emissions and corrosives is surging. This boosts the growth of the regenerative thermal oxidizer market for the chemicals industry.

Market initiatives are the commonly adopted strategies by companies to expand their product portfolio. CPI is one of the key players implementing these strategies to enlarge the customer base and gain significant share in the regenerative thermal oxidizer market, which in turn permits it to maintain its brand name in the global regenerative thermal oxidizer market.

2020: CPI installed 2,000 SCFM Triton-II-2.95 regenerative thermal oxidizer (RTO) to control VOC emissions from six tank vents at a facility. In addition, the company also installed a dual mist eliminator to regulate submicron inorganic particle emissions from a tank venting process prior to going to the RTO.

2019: CPI installed an regenerative thermal oxidizer (RTO) with +99% DRE at the Northeastern USA web coater for the destruction of VOCs and HAPs. The 60,000 SCFM Triton II-60.97 regenerative thermal oxidizer (RTO) will regulate HAP and VOC emissions from three web coating lines and related ovens at the facility.

2016: Leading petrochemical companies in China demanded to abate VOC emissions from purified terephthalic acid (PTA) plant. methyl acetate, xylene, benzene, methyl bromide, methanol, and CO were few emissions caused due to the manufacturing process at the plant. The company installed a 22,500 SCFM 3-canister regenerative thermal oxidizer (RTO) of 99% VOC destruction with 95% thermal energy recovery (TER).

Regenerative Thermal Oxidizer Market Regional Insights

The regional trends and factors influencing the Regenerative Thermal Oxidizer Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Regenerative Thermal Oxidizer Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Regenerative Thermal Oxidizer Market Report Scope

Regenerative Thermal Oxidizer Market Players Density: Understanding Its Impact on Business Dynamics

The Regenerative Thermal Oxidizer Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Regenerative Thermal Oxidizer Market are:

1. Alliance Corporation
2. Anguil Environmental Systems
3. Catalytic Products International
4. Condorchem Envitech
5. EISENMANN SE

Disclaimer: The companies listed above are not ranked in any particular order.

Regenerative Thermal Oxidizer Market Segmentation:

By Type

• Single-Bed
• Double-Bed
• Triple-Bed

By End User

• Automotive
• Chemicals
• Coating and Printing
• Pharmaceuticals
• Semiconductor
• Others

By Geography

• North America

  • US
  • Canada
  • Mexico

• Europe

  • UK
  • Germany
  • France
  • Italy
  • Russia
  • Rest of Europe

• Asia-Pacific (APAC)

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC

• Middle East & Africa (MEA)

  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA

• South America (SAM)

  • Brazil
  • Argentina
  • Rest of SAM

Company Profiles

• Alliance Corporation
• Anguil Environmental Science
• Catalytic Products International
• CondorchemEnvitech
• Eisemann SE
• Filtračnítechnikaspol. s r.o
• Ship and Shore Environmental, Inc.
• Shandong Baolan Environmental Protection Engineering Co., Ltd
• THE CMM GROUP, LLC
• Taikisha Ltd