Regenerative Thermal Oxidizer Market

Regenerative Thermal Oxidizer Market Outlook

The global regenerative thermal oxidizer market is estimated to exceed a valuation of 13 Bn by the end of 2032, in comparison to the US$ 9 Bn in 2021. The sales of regenerative thermal oxidizers are expected to total US$ 9.5 Bn by 2022, exhibiting growth at a CAGR of 4% to 5% during the forecast period 2022-2032.

Regenerative thermal oxidizers (RTO) are a type of industrial equipment which is used in the treatment of exhaust air. These advanced energy-saving systems oxidizes and decomposes Volatile Organic Compounds (VOCs) at 850°C or higher. They comprise of ceramic bed that absorbs the heat from the emitted exhaust gas.

Which are Some Driving Factors Accelerating the Sales of Regenerative Thermal Oxidizer in the Market

Regenerative thermal oxidizer uses the absorbed heat for pre-heating the destroying air pollutants and incoming process stream present in the exhaust stream. These oxidizers destroy the existing Hazardous Air Pollutants (HAPs), VOCs, and other pollutants in the exhaust stream which are produced during the industrial process and production of chemicals.

Hence, growing implementation of stringent standards by numerous government and environmental organizations such as the Environmental Protection Agency and rising production activities across the globe are estimated to bolster the demand for regenerative thermal oxidizers in the market.

What are the Factors Creating Restraints for the Regenerative Thermal Oxidizer Detector Market Growth

Although there are several advantages associated with the use of regenerative thermal oxidizer, high cost of these industrial equipments, and growing availability of other emission control equipment, such as electrostatic precipitators, is hindering the sales in the market.

Also, complications in these systems and high cost of maintenance due to the presence of numerous moving parts & components are some factors further hampering the growth in the regenerative thermal oxidizer market.

Why is North America Garnering Large Regenerative Thermal Oxidizer Sales in the Global Market

Future Market Insights states that North America is estimated to grow at a robust CAGR in the global regenerative thermal oxidize market between 2022 and 2032.

Over the past couple of years, a significant rise in demand for oil & gas products such as gasoline, diesel, and others is being witnessed across North America, driven by rapid industrialization and growing vehicular feet across the U.S. and Canada. Hence, key industry players are focusing on launching new crude oil production facilities and refineries to meet the surging demand.

For instance, in 2019, Targa Resources Corporation, an oil & gas company based in the U.S. announced the opening of a new petroleum refinery in Texas, the U.S., with a refining capacity of 35,000 barrels per day. As regenerative thermal oxidizers are extensively used for decomposing VOCs and other pollution across petrochemical refineries, such developments are expected to augment the demand in the North America market

Nikhil Kaitwade

Principal Consultant

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Why are the Sales of Regenerative Thermal Oxidizer Accelerating in the Western Europe Market

As per FMI, Western Europe is expected to emerge as a highly lucrative market for regenerative thermal oxidizers during the forecast period 2022-2032.

With rapid industrialization, growing mining activities, and increasing production of automotive, chemicals, and pharmaceuticals, a swift rise in the emission of VOCs, HAPs, hydrocarbons, and other pollutants is witnessed across Europe. Hence, regulatory organizations, such as the European Environment Agency, are implementing regulations mandating the adoption of emission control equipment.

To comply with these regulations, a number of industry players are installing these equipments. For instance, Borealis, an Austrian chemical company, recently announced investing US$ 21.4 for installing of novel Regenerative Thermal Oxidizer in its polyolefins plant in Porvoo, Finland by 2023. A multiplicity of such developments are estimated to bolster the growth in the Western Europe market.

Market Competition

Some of the leading players in the regenerative thermal oxidizer market are SGX Sensortech, The CMM Group, BD Group Industries, LLC, Biothermica Technologies Inc., Formia Emissions Control Oy, Air Clear LLC., Filtracni Technika, Thermische Prozesstechnik GmbH, Nacah Tech, LLC and others.

Attributed to the presence of such a large number of participants and increasing product launches advanced technologies and features, the market is highly competitive.

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Report Scope

Key Segments Profiled in the Regenerative Thermal Oxidizer Market Survey

By Type:

• Single Bed Regenerative Thermal Oxidizer
• Double Bed Regenerative Thermal Oxidizer
• Triple Bed Regenerative Thermal Oxidizer

By Product Type:

• Rotary Regenerative Thermal Oxidizer
• Compact Type Regenerative Thermal Oxidizer

By End Use Industry:

• Automotive
• Chemical
• Pharmaceutical
• Oil & Gas
• Paints & Coatings
• Mining
• Food & Beverage
• Electrical & Electronics
• Refractories & Foundries
• Coating & Painting
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa