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.

Global Flue Gas Desulfurization Market, by Type

  • Dry FGD
  • Wet FGD

Global Flue Gas Desulfurization Market, by Application

  • Power Generation
  • Chemical
  • Iron and Steel
  • Cement Manufacturing
  • Others

Global Flue Gas Desulfurization Market, by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia Pacific (APAC)
    • Australia
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

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

About Us:

The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or would like further information, please contact us:

North America: +1 646 491 9876

Asia-Pacific: +91 20 6727 8686

Email: sales@theinsightpartners.com

More Reports for Browser:

https://www.theinsightpartners.com/reports/behavioral-rehabilitation-market

https://www.theinsightpartners.com/reports/yeast-extract-market

https://www.theinsightpartners.com/reports/power-management-ic-market