Global Mist Eliminator Market is anticipated to reach US$ 1152.5 Mn by 2026 from US$ XX Mn in 2019 at a CAGR of XX% during a forecast period.
Global Mist Eliminator Market Overview
Mist eliminators are frequently referred to as entrainment separators or demisters. Mist eliminators work to remove pollutants from process air emissions, which result in mist droplets. Oil mist, machine coolant mist, acid mists, and other entrained mist are the most common pollutants. Overall, the mist eliminator market is growing due to increased demand from the chemical and industrial sectors such as desalination, oil and gas, pharmaceuticals, food and beverages, and power generation.
The global COVID-19 situation is having a rapid and severe impact on the global mist eliminator market, causing major delays in imports and exports. Moreover, the growth of end-users such as oil and gas, chemical, and power generating sectors is dependent on demand for mist removers. As a result of the decreased investment in these industries, the market is expected to trend lower globally throughout the forecast period.
Global Mist Eliminator Market
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Global Mist Eliminator Market Dynamics
The adoption of rigorous environmental laws internationally, which has compelled industries to pay close attention to environmental protection, is one of the primary driving factors for the global mist eliminator market growth. As a result, the usage of mist eliminators has surged in numerous end-use sectors such as refineries, power generation, and the chemical sector to safeguard the environment by preventing droplets from escaping into the atmosphere.
The wet flue gas desulfurization process is widely used to reduce SO2 emissions in coal-fired power plants. Mist eliminators are crucial in this process because they gather SO2 mist from the gas stream and reduce its concentration in the exhaust gas stream. As a result of the strengthening of rules in the power industry and the growth of power plant capacity, the need for mist eliminators is expected to grow.
Furthermore, the industrial sector's demand has dropped dramatically in 2020 as a result of the COVID-19 epidemic. The impact was amplified by the drop in oil and gas prices, as well as the large supply-demand disparity. The US Energy Information Administration (EIA) estimates that world oil demand in 2020 is expected to be 99.9 million barrels per day, down 90,000 barrels per day from 2019.
The OPEC members and Russia agreed to cut output by 9.7 million barrels per day in May and June 2020 to reduce the effect and recover oil prices. As a result, the global drop in the oil and gas industry and the high cost of the mist eliminator are expected to hamper demand for end-using industries and restrict growth throughout the forecast period of the global mist eliminator market.
Impact of the COVID-19 Pandemic & Declining Oil Prices on the Global Mist Eliminators Market
Falling oil prices, a growing supply-demand imbalance, and the COVID-19 pandemic effect all had a significant influence on the mist eliminator market. Demand for mist eliminators has been dropping as a result of the COVID-19 epidemic since refinery production has decreased and expansion projects throughout the world have been postponed. Oil and gas output is expected to reach 94.6 million barrels per day in 2020, according to the EIA. Reduced economic activity as a result of the COVID-19 pandemic has altered demand and supply patterns for energy, oil, and gas in 2020. As a result, the mist eliminator market has shrunk.
Amid the COVID-19 pandemic, rising demand from the pharmaceutical, and food & beverage industries helps to balance a little drop in demand induced by a global manufacturing slowdown. However, numerous end-use industries are focused on process optimization, high purity yield, and regulatory compliance, increasing in demand for high-performance mist eliminators across all end-use industries.
Global Mist Eliminator Market Segmentation Analysis
By Type, the wire mesh segment is expected to grow at the largest CAGR of nearly XX% during the forecast period, which holds half of the global mist eliminators market.
Due to the high separation effectiveness of wire mesh mist eliminators for the lowest installation costs, the final consumers are focused on this segment. Furthermore, the wire mesh and van mist eliminators benefit from their adjustment to the processing conditions in the oil and gas and chemical sectors and are simple to fix and maintain.
Fiber bed mist eliminators, on the other hand, can eliminate submicron mists from a process gas stream with a collection and removal efficiency of up to 99.9 %. Furthermore, these eliminators are commonly employed in the oil and gas business, as well as other facilities that strive to minimize emissions. Because of these characteristics, the fiber bed mist eliminator is predicted to contribute one-quarter of overall market revenue.
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By Application, the distillation segment is expected to grow at the largest CAGR of nearly XX% during the forecast period. The need for mist eliminators in new and existing industrial facilities is being driven by stricter emission standards in the petrochemical and oil & gas industries. Distillation towers are used widely in petrochemical engineering operations and are an important aspect of crude oil processing.
In the oil and gas and chemical sectors, the distillation tower's efficiency is critical for obtaining high purity products. Mist eliminators are commonly employed in the distillation column because they provide higher performance, lower pressure drops, and lower installation costs.
By End-Use Industry, the oil & gas industry segment is estimated to reach USD XX billion by 2026, growing at a CAGR of XX% between 2019 and 2026. Mist eliminators are used at many stages in the oil and gas industry's upstream, midstream, and downstream processes. Throughput rates can be increased and gas-oil product yields can be enhanced with the use of mist eliminators. As a result, the crude may be reduced to its purest form. It's also found in vacuum towers, upstream and downstream processing lines, flue gas desulfurization, and gas processing plants. The need for mist eliminators in the oil and gas sector is gradually increasing as production capacity rise and regulations become more stringent across the globe.
Major manufacturers use a variety of techniques, including new product launches, mergers and acquisitions, and foraying into new markets to grow their footprints. As an example, in June 2020, Environmental Integrated Solutions Limited, established in the United Kingdom, offers clean air goods and technology such as odor management, VOC abatement, and other air pollution management solutions.
Sullair, LLC announced the expansion of its primary production site in Michigan City, US, in October 2019. The business is spending $30 million to construct an 80,000-square-foot production plant, a covered storage structure, and other processing facilities. Koch-Glitsch bought Julius Montz GmbH (Germany) in August 2019, which specialized in structured packing and trays, as well as process solutions.
Global Mist Eliminator Market Regional Analysis
The Asia Pacific is projected to lead the global mist eliminators market from 2020 to 2025. The region's market is predicted to observe increased demand by the oil & gas and power generating industries as the region's energy demand and restrictions arise. The growth of the APAC chemical sector also creates prospects for the market for mist eliminators. The CEFIC reports a total of US$1.9 trillion in 2019 for the chemical sales in the APAC. The growing sector of desalination is also propelling the nebulizers market in the area.
In 2019, North America is expected to account for 1/3 of the global market value, followed by Europe. The adoption of strict government rules in the region to minimize carbon emissions continues to drive gains. For example, in the United States, the Environmental Protection Agency (EPA) has mandated the use of mist eliminators in the power production business to ensure worker safety. Such variables are expected to continue to play a key role in market development.
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The objective of the report is to present a comprehensive analysis of the Global Mist Eliminator Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Mist Eliminator Market dynamics, structure by analyzing the market segments and project the Global Mist Eliminator Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Mist Eliminator Market make the report investor’s guide.
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Global Mist Eliminator Market by Region
• North America
• Asia pacific
• Middle East and Africa
• South America
Global Mist Eliminator Market Key Players
• 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)
• Begg Cousland Envirotec Limited (Scotland)
• Veolia Water Technologies
• Aqseptence Group, Inc
• Flo Trend Systems, Inc.
• Phoenix Process Equipment Co.
• Satyam Dewatering Systems
• AMACS Process Tower Internals
• Okutani Ltd
• Hilliard Corporation
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