Farmington, Jan. 11, 2023 (GLOBE NEWSWIRE) -- The Global Odour Control Systems Market Size Was Valued At USD 1.19 Billion In 2022 And Is Expected To Grow At A Compound Annual Growth Rate (CAGR) Of 4.7% From 2022 To 2030. The term "odour control systems" refers to agents used to regulate or neutralise odours released by industrial waste. Chemical scrubbers, biological trickling filters, and carbon adsorbers are used to treat offensive physical, biological, and chemical odours caused by the microbial decomposition of organic substances.
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Typically, they are installed in facilities close to residential and commercial areas to reduce exposure to hazardous gases, vapours, and odours. Consequently, these systems are utilised in a vast array of industries, such as chemical and petrochemical, metals and mining, energy and power, oil refineries, wastewater treatment, and food and beverage.
Recent Developments:
- In June 2020, CECI Environmental Corp., a leading global air quality and fluid handling technology company, completed the acquisition of Environmental Integrated Solutions Limited (EIS). The acquisition will expand the company's odour control product portfolio.
- In May 2019, Catalytic Products International (CPI) installed an 8,000 SCFM regenerative thermal oxidizer (RTO) at a bakery in the western United States to reduce volatile organic compounds (VOCs).
Segmentation Analysis:
Over the next five years, the market for biological odour control systems is expected to grow at a compound annual growth rate (CAGR) of over 5%. The segment of the odour control system market is expected to grow over the next few years due to the low cost of installation and maintenance. Biological odour control is a method of treating wastewater with living organisms to get rid of contaminants and bad smells. Depending on the type of biological oxidation used to get rid of smells, these systems are also called bio-scrubbers or biofilters.
It is expected that the chemical and petrochemical end-use segment will have a CAGR of over 7.5%. The chemical and petrochemical industry is used to make cleaners, pesticides, cosmetics, dyes, and fertilisers. So, the waste from making the aforementioned products contains a number of potentially dangerous aromatic compounds. So, odour control systems are used in the chemical and petrochemical industries to get rid of the bad smells they make.
Regional Outlook:
In 2019, 41.8% of the market's income came from Asia Pacific. This is because more people want electricity and energy and more people are starting to work in factories. Also, there is a huge need for odour control systems in the area because there are more toxic pollutants and exhaust emissions. In countries like India and Japan, strict government rules about how much toxic air pollutants can be released into the air also help the market grow.
From 2020 to 2027, the CAGR for Europe is expected to be over 5%, which is a very high rate of growth. The energy and power industries and the chemical industries are two of the biggest end-use industries that pollute the air. Burning fossil fuels to make electricity, in factories, with solvents, and to get rid of trash are just some of the ways that smells are made. So, many industries are putting in place odour control systems in order to meet government standards for gas pollution in the environment.
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Scope of Report:
| Report Attributes | Details |
| Growth Rate | 4.7% from 2023 to 2030 |
| Market Size in 2022 | USD 1.19 Billion |
| By Type | Physical Odour Control, Biological Odour Control, Chemical Odour Control |
| By Applications | Waste Treatment Facilities, Food & Beverage, Pulp & Paper, Chemical & Petrochemical, Others |
| By Companies | Babcock & Wilcox, CECO, ERG, Anguil Environmental Systems, Evoqua Water Technologies, Scotmas, Ecolab, Tholander Ablufttechnik, And Others |
| Base Year | 2022 |
| Historical Year | 2017 to 2021 |
| Forecast Year | 2023 to 2030 |
Market Dynamics:
The Odor Control Systems market is mostly driven by a number of industry factors and a few solid points that back up innovations in the industry. Some of the things that are driving the odour control systems market are rapid industrialization, the enforcement of new environmental laws, and the presence of major market players.
The difference between the BPS values seen in the odour control systems market in the first half of 2022 - the outlook for the first half of 2022 is expected to show a decline of 19 units - is due to the fact that the market is still growing. But the market expects a 21bps drop from 1H2021 to 1H2022. The market will continue to be driven by rising use in industries like wastewater treatment, food and beverage, petrochemicals, and pharmaceuticals.
Over the next few years, the market is expected to grow because of the growing need for potable water and the growing number of wastewater and solid waste treatment facilities. Also, the fast spread of automation in the industrial sector is driving up the demand for high-tech products that are also affordable.
Key Segments Covered:
Top Market Players:
Babcock & Wilcox, CECO, ERG, Anguil Environmental Systems, Evoqua Water Technologies, Scotmas, Ecolab, Tholander Ablufttechnik, And Others.
Odour Control System Market by Types:
- Physical Odour Control
- Biological Odour Control
- Chemical Odour Control
Odour Control System Market by Applications:
- Waste Treatment Facilities
- Food & Beverage
- Pulp & Paper
- Chemical & Petrochemical
- Others
Regions and Countries Covered
- North America: (US, Canada, Mexico, and Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
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