[ 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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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.
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.
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.
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.
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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.
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 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 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 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.
Market size available for years
Base year considered
Value (USD Million) and Volume (Unit)
Type, Application, End-Use Industry, Material, and Region
North America, Asia Pacific, Europe, South America, Africa, and the Middle East
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), and Begg Cousland Envirotec Limited (Scotland) are the top 10 manufacturers are covered in the mist eliminators market.
This research report categorizes the mist eliminators market based on type, material, application, end-use industry, and region.
What are the major drivers influencing the growth of the mist eliminators market?
The major drivers influencing the growth of mist eliminators are the increasing demand from the chemical, oil & gas, desalination, and power industry coupled with the stringent government regulation on the manufacturing sector across the globe
What are the different types of mist eliminators, and how their demand varies?
Industrially, several types of mist eliminators are available in the market. Among these types, wire-mesh mist eliminators are prevalently used owing to its moderate efficiency, low-pressure drop, ease of repair & maintenance, and low cost compared to other types such as vane, fiber-bed, and other types
What are the major applications for mist eliminators?
The major applications are distillation, evaporator, scrubber, knockout drum, and others.
What is the impact of the COVID-19 pandemic on the mist eliminators market?
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 demand for mist eliminators.
What is the impact of changing regulatory scenarios on the mist eliminators market?
Several government agencies, such as EPA, REACH, and OSHA, among others, has imposed several regulations pertaining to the emission of the pollutants and other harmful products. For instance, on Sulfuric Acid Industry, Under the Clean Air Act (CAA) as well as the Emergency Planning and Community Right-to-Know Act (EPCRA), the restriction on the emission of the sulfuric acid has been imposed. Similarly, the OSHA and NIOSH have imposed restrictions on the emission of mist. Thereby, the demand for the mist eliminators is increasing in these industries
What are the industry trends in the mist eliminators market?
In the recent past, several manufacturers have expanded their production facilities to cater to the rising demand for mist eliminators and enhance their presence in the target market. Along with this, to alleviate the competitive scenario, these key players are focusing on strengthening their supply chain through either collaborating with suppliers or acquiring regional/local players to enhance their reach to customers. .
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Table of Contents
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.5 Package Size
1.8 Summary of Changes (Old Version vs New)
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
184.108.40.206 Key Data From Secondary Sources
2.1.2 Primary Data
220.127.116.11 Key Data From Primary Sources
18.104.22.168 Key Industry Insights
22.214.171.124 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
3 Executive Summary
4 Market Overview
4.2 Forecast Impact Factors
4.2.1 COVID19 Impact Analysis
4.3 Market Dynamics
4.4 Porter’s Five Forces
4.5 Ecosystem Market Map
4.6 Supply Chain and Value Chain Analysis
4.6.1 Disruption Due to COVID19
4.7 Regulatory Landscape
4.8 Technology Mapping
4.8.1 New Product Development
126.96.36.199 Brownian diffusion
188.8.131.52 Direct interception
184.108.40.206 Inertial impaction
4.9 Patent Analysis
4.10 Average Price Analysis
4.10.1 Average Selling Price Trend
4.11 YC, YCC Shift
4.12 Macroeconomic Indicators
4.13 Key exporting and importing countries
4.14 Adjacent markets
4.15 Case Study
5 Mist Eliminators Market, By Type – Forecast till 2025 (Volume and Value)
5.1 Wire Mesh
5.3 Fiber Bed
5.3.1 C-glass Staple Fiber
6 Mist Eliminators Market, By Material – Forecast till 2025 (Volume and Value)
7 Mist Eliminators Market, By Application – Forecast till 2025 (Volume and Value)
7.1 Distillation Tower
7.3 Knockout Drum
7.5.1 Steam Drum
7.5.3 Flare Stacks
7.5.4 Soil Vapor Extraction
7.5.5 Air Conditioning
8 Mist Eliminators Market, By End Use Industry – Forecast till 2025 (Volume and Value)
8.1 Oil & Gas
8.3 Power Generation
8.5 Paper and Pulp
8.7 Pharmaceutical & Medical
8.8 Glass Manufacturing
8.9 Food & Beverages
8.11 Others (if any)
9 Mist Eliminators Market, By Region – Forecast till 2025 (Volume and Value)
9.1 North America
9.1.1 The US
9.2.3 The UK
9.2.8 NORDIC Countries
9.2.9 Rest of Europe
9.3 Asia Pacific
9.3.4 South Korea
9.3.5 Australia & New Zealand
9.3.6 ASEAN Countries
9.3.7 Rest of Asia-Pacific
9.4 South America
9.4.3 Rest of South America
9.5 Middle East
9.5.1 Saudi Arabia
9.5.6 Rest of ME
9.6.1 South Africa
10 Competitive Landscape
10.1 Company Evaluation Matrix Definition And Technology
10.1.1 Market Share & Industry Tier Structure Analysis
10.1.2 Product Footprint
10.1.4 Emerging Leader
10.2 Company Evaluation Matrix 2019
10.3 Competitive Scenario
10.3.3 New Product launches
10.3.4 Market Strategy Analysis
10.4 Revenue Analysis of Top Players
10 Company Profiles
(Business Overview, Financials^ & COVID19 Impact On Business Segment, Products & Services, Production capacities, Key Strategy, and Developments)
2 Sulzer Chemtech Inc.
3 FMC Technologies Inc.
4 CECO Environmental
5 Sullair, LLC
6 Munters AB
8 Kimre, Inc.
9 Air Quality Engineering, Inc.
10 MECS, Inc.
12 Hillard Corporation
13 RVT Process Equipment GmbH
14 3nine AB
16 KCH Services Inc.
17 Coastal Technologies, Inc.
18 Evergreen Technologies (P) Ltd.
19 Finepac Structures Pvt. Ltd.
20 VARUN ENGINEERING Pvt. Ltd.
The above list of key players is indicative will be extended by identifying most relevant and leading companies during the research
^Financials will be available for stock-listed companies only
The study involved four major activities for estimating the current size of the global mist eliminators market. Exhaustive secondary research was carried out to collect information on the market, the peer market, and the parent market. The COVID-19 pandemic impact on the demand with respect to end-use industries, application areas, and countries was comprehended. The next step was to validate these findings, assumptions and sizes with the industry experts across the supply chain of mist eliminators through primary research. Both the top-down and bottom-up approaches were employed to estimate the overall size of the mist eliminators market. After that, market breakdown and data triangulation procedures were used to determine the size of different segments and sub-segments of the market.
In the secondary research process, various secondary sources such as Hoovers, Factiva, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to to identify and collect information for this study on the mist eliminators market. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; regulatory bodies, trade directories, and databases.
Various primary sources from both the supply and demand sides of the mist eliminators market were interviewed to obtain qualitative and quantitative information. The primary sources from the supply-side included industry experts, such as Chief Executive Officers (CEOs), vice presidents, marketing directors, sales professionals, and related key executives from various leading companies and organizations operating in the mist eliminators industry. The primary sources from the demand-side included key executives from end-use industries. The breakdown of the profiles of primary respondents is as follows:
BREAKDOWN OF PRIMARY INTERVIEWS
To know about the assumptions considered for the study, download the pdf brochure
Note: The three tiers of the companies were decided based on their revenues in 2019.
Tier 1 companies: overall revenue higher than USD 500 million, Tier 2 companies: revenue between USD 300 million and USD 500 million, and Tier 3 companies: revenue less than USD 300 million
Both the top-down and bottom-up approaches were used to estimate and validate the size of the global mist eliminators market. These approaches were also used extensively to estimate the size of various segments of the market. The research methodology used to estimate the market size included the following details:
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments of the mist eliminators market. The data was triangulated by studying various factors and trends from both the demand- and supply-side.
With the given market data, MarketsandMarkets offers customizations according to client-specific needs. The following customization options are available for the mist eliminators report:
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