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

Regenerative Thermal Oxidizer Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type (Single-Bed, Double-Bed, and Triple-Bed); End User (Automotive, Chemicals, Coating and Printing, Pharmaceuticals, Semiconductors, and Others)

Publication Month : Jun 2020

  • Report Code : TIPRE00010629
  • Category : Manufacturing and Construction
  • Status : Published
  • No. of Pages : 163
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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.

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.

Lucrative Regions for Regenerative Thermal Oxidizer (RTO) Market

Lucrative Regions for Regenerative Thermal Oxidizer (RTO) Market
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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.

Regenerative Thermal Oxidizer Market, by Application – 2019 and 2027

Regenerative Thermal Oxidizer Market, by Application – 2019 and 2027
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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.

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Regenerative Thermal Oxidizer Market: Strategic Insights

regenerative-thermal-oxidizer-market
Market Size Value inUS$ 8.55 Billion in 2019
Market Size Value byUS$ 11.75 Billion by 2027
Growth rateCAGR of 4.2% from 2020-2027
Forecast Period2020-2027
Base Year2020
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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 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
Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

Type ; End User

Regional Scope
Regional Scope

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

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Which region led the regenerative thermal oxidizer market in 2019?

The Europe region led the regenerative thermal oxidizer market in 2019 owing to strong considerable demand for maintaining and supervision of air pollution along with penetration of control technologies across its notably large industrial sector contributed in the region’s larger market share

Which factor is driving the regenerative thermal oxidizer market?

The rising awareness and subsequent regulatory as well as government policies to minimize the air pollution is the major factor propelling the growth of the market is both developed and developing economies.

Which end-user led the regenerative thermal oxidizer market?

The chemical industry led the market by end-user owing to favorable industry growth overs different economies and significant scope of solution application among numerous industrial application in the chemical sector resulted in the industry’s leading market share in the end-user segment.

The List of Companies - Regenerative Thermal Oxidizer Market

  1. Alliance Corporation
  2. Anguil Environmental Systems
  3. Catalytic Products International
  4. Condorchem Envitech
  5. EISENMANN SE
  6. Filtra?ní technika spol. s r.o.
  7. Ship and Shore Environmental, Inc.
  8. Shandong Baolan Environmental Protection Engineering Co., Ltd.
  9. THE CMM GROUP, LLC
  10. Taikisha Ltd

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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