Rise in expenditure on coal-fired power generation is fuelling growth of the Global Mist Eliminator Market


Posted January 9, 2019 by Chemical-Research-Expert

The global mist eliminator market has a diversified ecosystem of upstream players, including raw material suppliers, along with downstream stakeholders, vendors, end-users, and government organizations

 
The report "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".
The global mist eliminator market is projected to reach USD 1,152.4 Million by 2026, at a CAGR of 5.3% from 2016 to 2026.
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The vendor offerings are also taken into consideration to determine the market segmentation. After arriving at the overall market size, the total market was split into several segments and subsegments, which were later verified through primary research by conducting extensive interviews with key personnel, such as CEOs, VPs, directors, and executive.

Scope of the Report: This research report categorizes the global mist eliminator market on the basis of type, material, end-user, application and region, forecasting revenues as well as analyzing trends in each of the sub-markets.
On the basis of Type:
• Wire Mesh
• Vane
• Fiber Bed
• Others
On the basis of Material:
• Metal
• Polypropylene
• FRP (Fiber Reinforced Plastic)
• Others
On the basis of End User:
• Oil & Gas
• Desalination
• Power Generation
• Chemical
• Others
On the basis of Application:
• Distillation Tower
• Evaporator
• Knockout Drum
• Scrubber
• Others
On the basis of Region:
• Asia-Pacific
• Europe
• North America
• Middle East
• South America
• Africa

The oil & gas segment dominated the global mist eliminator market in 2015, followed by the desalination segment. The desalination segment is projected to grow at the highest CAGR from 2016 to 2026, due to increasing scarcity of water for industrial applications in the U.S., the Middle East, and others.

Wire mesh was the largest type segment of the mist eliminator market in 2015. It is the most common type of mist eliminator and is used in a wide range of industrial applications. Between 2016 and 2026, wire mesh is projected to be the fastest-growing type segment. This growth can be attributed to wire mesh’s low cost and efficient removal of entrained liquid droplets from vapour or gas streams.

Asia-Pacific is the fastest-growing market, as it is a major consumer of the mist eliminators. There is an increasing demand for the mist eliminators from both, developed and emerging countries such as Japan, China, India, Australia, and others. An increasing number of coal-based thermal power plants is expected to drive the growth of the mist eliminators market in China and India.

A growing population, urbanization, and investments in end-use industries are driving the growth of the mist eliminator market in the Asia-Pacific region. Increasing chemical manufacturing, increased cement production, coupled with the growing iron & steel industry, is expected to further boost the mist eliminator market in this region.

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One of the major factors inhibiting the growth of the market is the emerging alternative renewable sources of energy as a number of power generation sources of energy, such as nuclear, hydro, wind, and solar, have no emissions.

Key market players operating in the global mist eliminator market are Sulzer Chemtech (Winterthur, Switzerland), FMC Technologies Inc. (Texas, U.S.), Munter AB (Stockholm, Sweden), Koch-Glitsch (Kansas, U.S.), Sullair LLC (New York, U.S.), Kimre Inc. (Miami, Florida), Air Quality Engineering, Inc. (Minneapolis, U.S.), MECS Inc. (Missouri, U.S.), AMACS (Texas, U.S.), and Hillard Corporation (New York, U.S.) among others.
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Tags mist eliminator , mist eliminator industry , mist eliminator market , mist eliminator market growth
Last Updated January 9, 2019