Emphasis on Zero Liquid Discharge, Reuse and Resource Recovery
Water scarcity and the rising cost of freshwater intake for industrial applications to meet stringent effluent discharge regulations are leading to a shift towards Zero Liquid Discharge. Companies deploying Zero Liquid Discharge systems produce no effluents and are able to eliminate regulatory and permitting costs entirely. Zero liquid discharge is a rapidly expanding technology useful in various scenarios, particularly in the chemical, oil & gas, and power generation industry. The primary objective of this technology is to reuse wastewater generated in different applications. This involves the installation of odour control and wastewater units to control odour emitted during this process.
Odour control systems are installed based on the effluent type and the odour intensity. The plants may even require multi-layer or multiple odour control systems. In the municipal sector, there is a trend of resource recovery wherein wastewater treatment units use, recover, or sell organic solids, nutrients, minerals, or energy. The facilities are sometimes called water resource recovery facilities as opposed to wastewater treatment plants. Potential areas for water recovery resource facilities are anaerobic digestion and nutrient recovery with a combination of heat and power. These facilities are the emerging hotspots for key stakeholders in the odour control system market.
Environmental Regulations Mandate Odour Control System Installation
Two decades ago, a few of the developed countries identified odour as a perilous factor and laid down specific control and monitoring regulations. However, countries that sought out rapid economic growth did not adopt them. Several standards pertaining to air quality control, emission control, and measurement methods of odour emissions were designed by international organizations such as ASTM E544-99(2004), ASTM E679-04, and EN13725:2003. Now even emerging economies such as China, India, Saudi Arabia, and Iran have imposed stringent regulations mandating installation of air quality monitoring systems at all new and existing facilities. Nonetheless, the norms specific to odour emissions are still absent in these advisories. It remains to be seen if these countries will follow in the wake of their developed counterparts.
Chemical & Petrochemical Segment Largest in Odour Control System Market
The chemical & petrochemical segment had a market share of slightly over 1/3rd in the global odour control system market by application type in 2017 and is expected to gain 40 BPS over the course of the forecast period. A number of chemicals produce odorous compounds such as ammonia, hydrogen sulphide, ketones & aldehydes, pyridine, mercaptans, indole, amongst many others. The air containing odorous molecules has to be treated to comply with environmental regulations and avoid corrosion. The chemical and petrochemical segment in the odour control system market is anticipated to have a value of almost US$ 315 million in 2017 and the segment should grow by 600 units in the decadal study.
Waste Treatment Facilities Critical Segment in Odour Control System Market
The waste treatment facilities segment has approx. a quarter of the odour control system market by application segment and could gain a massive 120 BPS, largely at the expense of food & beverage and other industries. Disposal plants and waste treatment facilities are a huge source of odour emission. Vapour and effluent from this source is of a different and unpredictable composition. That is why, the installation of odour control systems in these locations is absolutely critical. The waste treatment facility segment is estimated to push past a value of US$ 360 million and rise to 1200+ units by end 2027.
Future Market Insights, in its report titled ‘Odour Control System Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027’ has scrutinised the global odour control system market for a ten-year period ending in 2027. The historical analysis from 2012 to 2016 has been compared and contrasted with the assessment period to present a complete picture of the present and future prospects that await key stakeholders in the odour control system market.
Sizing up the competition is absolutely imperative in any market, especially in the odour control system market. In the competitive dashboard, prominent companies actively involved in the odour control system market have been profiled. The dashboard consists of a brief company overview, financials, important takeaways, and recent company developments impacting its position in the odour control system market. A SWOT analysis can be conducted to gain a firm grasp of the immediate competition and devise long and short-term strategies accordingly.
The odour control system market has been studied in in six geographic regions with an equal focus on both emerging and developed economies. Each region has a dedicated section that highlights the drivers, restraints, opportunities, and trends that influence the odour control system market. It is possible to make business decisions with all the data provided in the odour control system market report. Present market size and anticipated future growth of the largest countries in every region is mentioned and is given for the odour control system market in terms of system type, application, and region. An impact analysis of the drivers and restraints along with a market attractiveness index completes this critical section of the odour control system market report.
The odour control system market report begins with the executive summary for an initial glance at the odour control system market. This section includes an overview and brief assessment. The FMI analysts have studied the odour control system market in great depth and have made certain recommendations and given their opinions. These valuable insights are in the form of an application to target, system type to focus on, or region to invest in with a differentiating strategy to achieve success in the odour control system market. The Wheel of Fortune is an easy way to understand the odour control system market as it is a graphical representation that properly mentions the segments with the maximum growth potential in the odour control system market.
The introduction is closely related to the executive summary section and can be read in tandem. The introduction has provided the definition and taxonomy of the odour control system market. Readers seeking a grassroots level understanding of the odour control system market are advised to refer to this section of the report.
Odour Control System Market Taxonomy
The market analysis and forecast chapter is where key metrics such as absolute dollar opportunity, CAGR, and Y-o-Y growth rate are used to devise relevant information. The absolute dollar opportunity is a metric all too often overlooked while studying the market. The product cost structure, demand-supply relationship, and a value chain breakdown go a long way in allowing readers to make decisions in the odour control system market with a strong degree of confidence.