Mist Eliminator Market

[ 251 Pages Report] The global mist eliminators market size is projected to grow from USD 953 million in 2020 to USD 1,159 million by 2025, at a CAGR of 4.0% between 2020 and 2025. The demand for mist eliminators can be attributed to stringent regulations pertaining to emission norms, rising adoption in developing countries, growth of the manufacturing sector, increasing production capacity in the chemical industry, and increasing penetration of mist eliminators in coal-fired power plants in developing countries, are supporting the growth of the mist eliminators market.

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COVID-19 pandemic and Declining oil prices Impact on the Global Mist eliminators Market

The declining oil prices, widening of the supply-demand gap, and COVID-19 pandemic effect had a severe impact on the mist eliminators market. Due to the COVID-19 pandemic, the demand for mist eliminators has been declining due to a slump in the refinery output and postponement of the expansion projects across the globe. According to the EIA, oil & gas production will reach to 94.6 million barrels per day in 2020.  Reduced economic activity due to the COVID-19 pandemic has caused changes in energy and oil & gas demand and supply patterns in 2020. This, in turn, has affected the mist eliminators market.

Amid the COVID-19 pandemic, the growing demand from the pharmaceutical and food & beverage industries supports to offset the marginal decline in demand caused due to slowdown in the manufacturing sector across the globe. However, several end-use industries are emphasizing on the optimization of the process, high purity yield, and at the same time, focusing on complying with the regulatory standards, owing to which, the demand for high-performance mist eliminators is increasing across the end-use industries.

Mist eliminators Market Dynamics

Driver: Increasing demand in the coal-fired power plant, supported by stringent government regulations

Across the globe, it has been observed that the electricity demand is mostly catered through the coal-fired power plant, especially in developing countries such as India, China, and Brazil, among others. According to the Energy Information Administration (EIA), since 2000, the capacity of coal-fired power plants across the globe has increased to double, i.e., 2,047 gigawatts, and around 300 gigawatts is proposed. This is mainly attributed to massive investment in China, Russia, and India, coupled with the significant growth of the manufacturing sector.

According to the Greenpeace analysis, the coal-fired power plant is a major contributor to the emission of SO2, accounting for more than 40% of the total emission. Also, India, Russia, and China are the major contributing countries with 4,586, 3,683, and 2,578 kilotons/year. To evade the emission of SO2 and support sustainable development, several regulatory bodies have imposed restrictions over their emission from the power plant. For instance, the US Environmental Protection Agency (EPA) had regulated six pollutants under the National Ambient Air Quality Standards program, which resulted in a 73% decline in the emission during 1990-2018. This is achieved through several technological modifications at the processing plant.

In the coal-fired power plant, to evade the SO2 emission, the wet flue gas desulfurization method is prevalently used to minimize the SO2 emission. During this, the mist eliminators play a pivotal role in the collection of the SO2 mist from the gas stream and minimize its concentration from the exhaust gas stream. Thus, with the growing stricter regulations on the power industry and increasing power plant capacity, the demand for mist eliminators will increase in the industry.

Restrain: The economic slowdown, declining oil prices, and the impact of COVID-19 on the industry

Most of the North American and European countries, especially the US, Italy, Spain, the UK, France, and Germany, are severely impacted by the COVID-19 pandemic. The suspension of operations in several manufacturing sectors has resulted in a decline in the GDP of these countries. According to the OECD, the European Union (EU) GDP reduced by 3.3% in the first quarter of 2020.

Due to the COVID-19 pandemic, the demand from the industrial sector had declined sharply in the Q-1 and Q-2 2020. This impact was further intensified with the declining oil & gas prices and the massive gap between supply and demand. According to the US Energy Information Administration (EIA), the global oil demand has reached 99.9 million barrels/ day in 2020, down by 90,000 barrels/day from 2019. To mitigate the impact and to recover the oil prices, the OPEC countries and Russia had decided to slash output by 9.7 million barrels/day in May and June 2020.

Thus, this decline in the oil & gas industry across the globe will, in turn, result in a decline in the demand for mist eliminators.

Challenges: Continued augmentation of emission regulations worldwide

According to the U.S. Energy Information Administration (EIA), the UK, the US, Canada, Australia, and Japan are upgrading their emission standards to reduce air pollution. These countries, along with a few emerging countries such as South Africa, Brazil, India, China, and Saudi Arabia, have set five-year targets to reduce pollutant levels. For instance, in January 2020, the EU imposed the 8th Environment Action Programme (EAP), which will guide environmental policies until 2030 and later revise them according to the targets achieved.

At the United Nations Framework Convention on Climate Change held in 2015, several countries initiated to reduce emissions. This is expected to create opportunities for more technologically advanced mist eliminators.

Opportunities: Raw material price fluctuations

• Mist eliminator equipment is made from metal and alloys, polypropylene, and fiber-reinforced plastics, among other components. Fluctuating prices of these materials make it challenging for OEMs to procure high-quality raw materials and manage delivery schedules imposed by suppliers, which further increases the cost of mist eliminators. For instance, the prices of steel increased by 1.4 to 1.8 times from July 2016 to July 2018, which later on decreases till December 2019. However, due to the COVID-19 pandemic, the supply chain across the globe was disrupted, which, in turn, affected the price of raw materials. This makes it difficult to meet commitments and leads to high losses for manufacturers.

Ecosystem Diagram

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The Wire-mesh segment projected to lead the mist eliminators market from 2020 to 2025

Based on type, the wire-mesh mist eliminators segment is expected to be the largest market for mist eliminators, in terms of volume. The dominant market position of the wire-mesh segment can be attributed to low-pressure drop, moderate efficiency, and low cost compare to fiber-bed mist eliminators. Also, Wire-mesh and vane type of mist eliminators are gaining significant demand in the oil & gas and chemical industries owing to suitability to process conditions and ease of repair & maintenance.

The oil & gas segment estimated to be the largest end-user of mist eliminators

On the basis of end-user, the oil & gas industry is expected to account more majority share of global mist eliminators. Mist eliminators find application at several stages involved in the upstream, midstream, and downstream operations in the oil & gas industry. With the use of mist eliminators, the throughput rates can be improved, and a better yield of gas-oil products can be achieved. This, in turn, also allows the pure cut of the crude. Also, it is used in the vacuum tower, upstream and downstream processing line, flue gas desulfurization, and gas processing facilities. With growing oil & gas production capacities and stringency of the regulation across the globe, the demand for mist eliminators in the oil & gas industry is increasing steadily. Till 2019, the demand for crude oil was growing steadily. However, due to the COVID-19 pandemic and declining oil & gas prices, and declining refinery throughput, the demand for mist eliminators had declined significantly 

The distillation segment is expected to account for the largest share of the market

The mist eliminators market, by application, was dominated by the distillation tower segment, followed by the evaporator segment in 2019. This can be attributed to the stringent emission regulations in the petrochemical and oil & gas industry, driving the demand for mist eliminators in new and existing industrial plants. Distillation tower is an integral part of crude oil processing and is also extensively used in petrochemical engineering processes.

In the oil & gas and chemical industries, the efficiency of the distillation tower plays a crucial role to get high purity products. Thus, to achieve it, mist eliminators are prevalently used in the distillation column as it offers better performance, low-pressure drops, and low cost of installation.

APAC estimated to account for the highest share of the global mist eliminators market

APAC is projected to lead the global mist eliminators market from 2020 to 2025. The market in the region is expected to witness a growing demand from the oil & gas and power generation industries due to increasing regulations and energy demand in the region. The growth of the APAC chemical sector is also creating opportunities for the mist eliminators market. According to the CEFIC, the total chemical sales in the APAC was USD 1.9 trillion in 2019. The growing desalination industry is also driving the mist eliminators market in the region. Countries such as China and India mainly depend on coal-fired power plants for the supply of electricity. In these plants, due to stringent government regulations, mist eliminators are widely used for the reduction of SOx emission through flue gas desulfurization.

Due to the COVID-19 pandemic, the economic growth of several countries has been declining owing to the suspension of the manufacturing facilities, declining demand for the oil & gas and industrial product, and disruption of the supply chain. The demand for mist eliminators is therefore expected to decrease in several end-use industries in 2020.

Key Market Players

Key players such as Sulzer Ltd. (Switzerland), CECO Environmental Corp. (US), Munters Group AB (Sweden), Koch-Glitsch LP (US), and DuPont de Nemours (US) have adopted various strategies to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the mist eliminators market.

Scope of the Report

This research report categorizes the mist eliminators market based on type, material, application, end-use industry, and region.

Mist eliminators Market, By Type

• Wire-mesh
• Vane
• Fiber-Bed
  • C-glass
  • Others
• Others (cyclone and oil mist) 

Mist eliminators Market, By End Use Industry

• Oil & Gas
• Desalination
• Power Generation
• Chemicals
• Paper & Pulp
• Textile
• Pharmaceuticals & Medical
• Food & Beverage
• Others (automotive and glass) 

Mist eliminators Market, By Application

• Distillation Tower
• Evaporator
• Knockout Drum
• Scrubber
• Others (absorber, Steam Drum, Flare Stacks, Air Conditioning) 

Mist eliminators Market, By Material

• Metal
• PP
• FRP
• Others (polytetrafluoroethylene, perfluoroalkoxy alkanes, ethylene tetrafluoroethylene, polyethylene terephthalate ) 

Mist eliminators Market, By Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East
• Africa 

Recent Developments

• In June 2020, CECO Environmental Corp.acquired UK-based Environmental Integrated Solutions Limited, which offers clean air products and technologies such as odor control, VOC abatement, and other air pollution control solutions.
• In October 2019, Sullair, LLC had announced the expansion of the main manufacturing facility based in Michigan City, US. The company is investing USD 30 million to build an 80,000 sq.ft. manufacturing facility, a canopied storage building, and other processing areas.
• In August 2019, Koch-Glitsch had acquired Julius Montz GmbH (Germany), which was involved in structured packings and trays and process systems business. 

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