Report : South East Asia & Africa Flue Gas Desulfurization (FGD) Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Dry FGD and Wet FGD); Application (Power Generation, Chemical, Iron and Steel, Cement Manufacturing, Others)
Increasing demand from power & energy sector in South East Asia & Africa is expected to drive the flue gas desulfurization market in the region
According to our latest market study on “South East Asia & Africa Flue Gas Desulfurization (FGD) Market Forecast to 2028 – COVID-19 Impact and Global Analysis – By Type (Dry FGD and Wet FGD); Application (Power Generation, Chemical, Iron and Steel, Cement Manufacturing, Others),” the market was valued at US$ 1,818.2 million in 2020 and is projected to reach US$ 2,935.61 million by 2028; it is expected to grow at a CAGR of 6.3% from 2021 to 2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Flue gas desulfurization is a system that has a set of technologies that is used in order to remove sulphur dioxide (SO2) from the flue gases which have been emitted by the power plants. The system helps in reducing down the levels of sulphur dioxide and other greenhouse gas emission. The stringent environmental regulations are mostly focusing on controlling the excessive sulphur dioxide emissions is going to increase the demand for flue gas desulfurization system. On the basis of type, the flue gas desulfurization market is categorized into dry FGD and wet FGD. In 2020, the wet FGD segment dominated the market by accounting for 66.8% of the total market share. The demand for wet FGD is on a rise due to its higher removal efficiency, low maintenance expense, and also lower operating cost. The high emission standards which are set by the government along with an increase in electricity demand is driving the wet FGD market. The by-product of wet FGD system that mostly use limestone as a reagent, is gypsum. On the basis of application, the flue gas desulfurization market is segmented into power generation, chemical, iron and steel, cement manufacturing and others
Siemens AG, General Electric, Mitsubishi Heavy Industries, Ltd, ANDRITZ and Ducon are among the well-established players operating in the South East Asia & Africa flue gas desulfurization market.
Impact of COVID-19 Pandemic on South East Asia & Africa Flue Gas Desulfurization Market
The COVID-19 has been adversely affecting economies and industries in various countries due to government-imposed lockdowns, travel bans, and business shutdowns. The chemical, materials, and other manufacturing sectors are the major industries suffering serious disruptions in the form of supply chain breaks, technology events cancellations, and office shutdowns. The shutdown of various plants and factories in Asia Pacific, and Africa has restricted the regional supply chain and disturbed the manufacturing activities, delivery schedules, and product sales. Furthermore, various companies have already predicted possible delays in product deliveries and slump in future sales of their products. The travel bans imposed by countries in Europe, Asia, and North America are hindering the business collaborations and partnerships opportunities. In addition to these restrictions, limited availability of working professionals and lowered production levels due to social distancing measures are the factors hampering the activities in the chemical & materials industry, as well as various markets related to it. Many countries are now resuming to normalcy, whereas many are experiencing second wave of the outbreak. In addition, due to vaccination drives, the situation is likely to change in the coming months.
South East Asia & Africa Flue Gas Desulfurization Market Breakdown – by Region, 2020
The report segments the South East Asia & Africa Flue Gas Desulfurization market as follows:
South East Asia & Africa Flue Gas Desulfurization Market, by Type
- Dry FGD
- Wet FGD
South East Asia & Africa Flue Gas Desulfurization Market, by Application
- Power Generation
- Chemical
- Iron and Steel
- Cement Manufacturing
- Others
South East Asia & Africa Flue Gas Desulfurization Market, by Geography
- South East Asia (SAM)
- Indonesia
- Malaysia
- Thailand
- Vietnam
- Rest of South East Asia
- Africa
- South Africa
- Rest of Africa
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