Asia-Pacific Flue Gas Desulphurization market to reach $12,600.8 million by 2019
The flue gas desulphurization market in Asia-Pacific was valued at $9,173.1 million in 2014, and is expected to reach $12,600.8 million by 2019.The market is expected to reach a CAGR of 6.6% from 2014 to 2019. The China market has held a major share of approximately 83.8% in the Asia-Pacific flue gas desulphurization market, and is projected to grow at a CAGR of 6.4% from 2014 to 2019.
The statistics are given by “Asia Pacific Flue Gas Desulphurization Market by Type, Application & Countries – 2019”.
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The Asia-Pacific Flue Gas Desulphurization (FGD) market is expected to witness substantial growth, the main reason being that the use of coal in electricity generation. The coal-fired power plant tends to have high sulphur content so burning it causes sulphur dioxide to be released. The FGD technology removes this from emissions. FGD systems are also used to reduce SO2 emissions from process plants such as smelters, acid plants, refineries, and pulp and paper mills.
The Asia-Pacific flue gas desulphurization (FGD) market constitutes 60.3% of the global flue gas desulphurization (FGD) market. The large share is attributed to the rising government regulations regarding stringent emissions. These rigid regulations force industry players to install and upgrade flue gas desulphurization (FGD) systems in their manufacturing plants. This thereby influences the growth of flue gas desulphurization (FGD) market.
The FGD technology is based on a chemical reaction that occurs when the warm exhaust gases from the industries come in contact with limestone. This reaction removes 92% of the sulphur dioxide from the flue gas and converts the limestone into calcium sulphite.
The end users of FGD market include power generation, cement manufacturing, chemical, iron and steel and other industries. The power generation industry and cement manufacturing are the maximum users of FGD systems due to the high grade by-products that are generated during the flue gas treatment process.
‘Asia Pacific Flue Gas Desulphurization Market – Forecast 2019’, is aimed at identifying emerging trends and opportunities in flue gas desulphurization market along with detailed classifications, in terms of revenue till 2019.
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