The global Mist Eliminators Market size is projected to grow from USD 953 million in 2020 to USD 1,159
million by 2025, at a CAGR of 4.0% during the forecast year. The global mist
eliminators market has been witnessing consistent growth due to the increasing
concern for environmental pollution, growing prevalence of airborne diseases,
growth of the manufacturing sector, and enforcement of environmental laws and
regulations.
The rise in the demand for mist
eliminators from the oil & gas, power generation, chemical, and
desalination industries is expected to drive the mist eliminators market
globally. The demand for mist eliminators is witnessing steady growth in these
industries. Stringent environmental regulations focused on controlling toxic
emissions from coal-fired power plants, oil & gas, and chemical industries
are further expected to drive the growth of the market during the forecast
period.
The mist eliminators market is
dominated by large players, such as Sulzer Ltd. (Switzerland), CECO
Environmental Corp.(US), Munters Group AB (Sweden), Koch-Glitsch LP (US), and
DuPont de Nemours, Inc.(US). These players have adopted various growth
strategies, such as expansions, and acquisitions, and agreements, to enhance
their market footprint and improve their product portfolios.
The Oil & gas industry is
estimated to be the leading consumer of mist eliminators
The oil & gas segment led the overall mist eliminators market in 2019, both in terms of value and volume. In the oil & gas industry, with the use of mist eliminators, the throughput rates can be improved, and a better yield of gas-oil products can be achieved. This, in turn, also allows the pure cut of the crude. Also, it is used in the vacuum tower, upstream and downstream processing line, flue gas desulfurization, and gas processing facilities.
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Due to the COVID-19 pandemic, there
has been a significant decline in demand for mist eliminators across the globe,
owing to which, the company such as Sulzer Ltd. has started aggressive
marketing of the product along with the development of new technology to
mitigate the impact and to expand its client base.
Most of the North American and
European countries, especially the US, Italy, Spain, the UK, France, and
Germany, are severely impacted by the COVID-19 pandemic. The suspension of
operations in several manufacturing sectors has resulted in a decline in demand
for the mist eliminators. Moreover, due to the COVID-19 pandemic, the demand
from the industrial sector had declined sharply in the Q-1 and Q-2 2020. This
impact was further intensified with the declining oil & gas prices and the
massive gap between supply and demand. Amid the COVID-19 pandemic, the growing
demand from the pharmaceutical and food & beverage industries supports to
offset the marginal decline in demand caused due to slowdown in the manufacturing
sector across the globe.
Other companies have initiated the following
developments:
- In June 2020, CECO Environmental acquired
UK-based Environmental Integrated Solutions Limited, which offers clean
air products and technologies such as odor control, VOC abatement, and
other air pollution control solutions.
- In August 2019, Koch-Glitsch had acquired
Julius Montz GmbH (Germany), which was involved in structured packings and
trays and process systems business.
- In October 2019, Sullair, LLC had announced
the expansion of the main manufacturing facility based in Michigan City,
US. The company is investing USD 30 million to build an 80,000 sq.ft. Manufacturing
facility, a canopied storage building, and other processing areas.
Sulzer Ltd. (Switzerland), CECO Environmental Corp.(US), Munters Group
AB (Sweden), Koch-Glitsch LP (US), DuPont de Nemours, Inc.(US), Kimre Inc.
(US), Hilliard Corporation (US), Monroe Environmental Corporation (US), and
Begg Cousland Envirotec Limited (Scotland) are the key players operating in the
mist eliminators market. Expansions, acquisitions, joint
ventures, and new product developments are some of the major strategies adopted
by these key players to enhance their positions in the mist eliminators market.
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