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Sulzer Chemtech and FMC Technologies are Leading Players in Mist Eliminator Market
The global mist eliminator market is projected to grow from USD 653.0 Million in 2015 to USD 1,152.4 Million by 2026, at a CAGR of 5.3% from 2016 to 2026. This growth can be attributed to the growth of the power generation and petrochemical industries in the Asia-Pacific region. In addition, the increasing number of coal-fired power plants to cater the growing energy demand in emerging economies of APAC region is expected to have a positive impact on the growth rate of mist eliminator.
In 2015, Sulzer Chemtech (Winterthur, Switzerland) held for the largest share of the mist eliminator market, followed by Koch Glitsch (Kansas, U.S.). The dominance of Sulzer Chemtech in mist eliminators market is due to its extensive product line in the respective market across refining, gas processing, petrochemical, and chemical industries.
Sulzer Chemtech has a strong focus on its R&D activities. The company also focuses on inorganic strategies to strengthen its position in the mist eliminator market. In 2014, with the acquisition of ASCOM B.V. and ProLabNL B.V., Sulzer Chemtech strengthened its dominance in the separation technology industry, with an extensive portfolio of advanced mist eliminators. For organic growth, Sulzer competes in the market based on competencies including technology leadership, competitive services, continuous operational improvements, and collaborative advantage.
FMC Technologies is another major player operating in the mist eliminator market. This company also increased its R&D expenditure from 1.6% in 2014 to 2.1% in 2015 in spite of decreased revenue, in order to keep its product line competitive in market through the development of new and advanced products. The company has started monitoring changes in customer capital spending to strategically expand its product offerings in both brownfield and greenfield applications of separator technology comprising mist eliminators.
Mist Eliminator Market by Type (Wire MESH, VANE, Fiber Bed), Material (Metal, Polypropylene, FRP), Application (Distillation Tower, Evaporator, Knockout Drum, Scrubber), End User, and Region - Global Forecast to 2026
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