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Flue Gas Desulfurization Market Size & Share Anticipated to grow US$ 27,655.04 million by 2027

The market was valued at US$ 18,128.01 million in 2019 and is projected to reach US$ 27,655.04 million by 2027; it is expected to grow at a CAGR of 5.6% from 2020 to 2027.


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Lisa Seghers

2 years ago | 2 min read

According to our latest study on “Flue
Gas Desulfurization Market
Forecast to 2027 – COVID-19 Impact and
Analysis – by Type (Dry FGD and Wet FGD) and Application (Power Generation,
Chemical, Iron and Steel, Cement Manufacturing, and Others),” the market was
valued at US$ 18,128.01 million in 2019 and is projected to reach US$ 27,655.04
million by 2027; it is expected to grow at a CAGR of 5.6% from 2020 to 2027.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 used to remove sulfur dioxide (SO2) from the flue gases, which are
emitted from power plants. The stringent environmental regulations mostly
focusing on controlling the excessive SO2 emissions are likely to increase the
demand for flue gas desulfurization systems. The demand for flue gas
desulfurization is rising across diversified end-use industries. Further, rapid
industrialization and strategic initiatives taken by the manufacturers are
expected to proliferate the growth of the market. Additionally, technological
advancements in the designing of FGD systems are expected to provide ample
opportunities for market growth.

Get a Sample Copy of
the Report@
https://www.theinsightpartners.com/sample/TIPRE00016430/



In 2019, North America held the largest share in the global
flue gas desulfurization market. The largest market share of the North American
region is primarily attributed to changes in lifestyle patterns of consumers
and preference toward healthy and natural food and cosmetic products.
Additionally, increase in the demand for flue gas desulfurization from feed
processing industries is further expected to stimulate the growth of the
market. Flue gas desulfurization is widely used in the preparation of animal
feed, pharmaceutical, and cosmetic products. Further, the presence of strong
manufacturing base for flue gas desulfurization along with increased focus over
R&D activities is further expected to expand the growth of the market in
the region.

As of December 2020,
the US, Brazil, India, Russia, Spain, and the UK are among the worst-affected
countries in terms confirmed COVID-19 cases and reported deaths. The COVID-19
has been affecting economies and industries in various countries due to lockdowns,
travel bans, and business shutdowns. Food & beverages is one the world’s
major industries suffering serious disruptions such as supply chain breaks,
technology events cancellations, and office shutdowns as a result of this
outbreak. For instance, China is the global hub of manufacturing and the
largest raw material supplier for various industries, and it is also one of the
worst-affected countries. The lockdown of various plants and factories in China
is affecting the global supply chains and negatively impacting the
manufacturing, delivery schedules, and sales of various materials. Various
companies have already announced possible delays in product deliveries and
slump in future sales of their products.

Top Key players are Chiyoda Corporation; Ducon; General
Electric; S.A Hamon; Mitsubishi Heavy Industries, Ltd.; Rafako S.A; Valmet;
Doosan Lentjes; Babcock and Wilcox Enterprises, Inc.; and Marsulex
Environmental Technologies are among the well-established players in the flue
gas desulfurization market.

Read Detailed Index of full Research Study at @ https://www.theinsightpartners.com/reports/flue-gas-desulfurization-market

























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