Odour Control System Market Size, Share & Forecast | US$ 1.57 billion by 2029

Competitive Landscape

portfolios. They are adopting various organic and inorganic strategies such as mergers, partnerships, new product launches, collaborations, and acquisitions to gain a competitive edge in the market. For instance:

• In June 2020, CECI Environmental Corp., a leading global air quality and fluid handling technology company, completed the acquisition of Environmental Integrated Solutions Limited (EIS). The acquisition will expand the odour control product portfolio of the company.
• In May 2019, Catalytic Products International (CPI) installed an 8,000 SCFM Regenerative Thermal Oxidizer (RTO) at a Western USA bakery for the abatement of Volatile Organic Compounds (VOCs).

Japan to Provide Noteworthy Growth Opportunities for Manufacturers

The ongoing technological advancements and progression in investment for the storm water management projects and wastewater treatment facilities are expected to grow significantly over the forecast period. Odour control system manufacturers are focusing more on improving their market structures and offerings in the region.

Emphasis on trade balance and increasing production by strengthening the manufacturing sector is currently the prime motive of the government in Japan. Also, the adoption of ‘best available technique’ is prominent in the country, which is likely to propel the demand for advanced odour control system.

Japan has large installed base of odour control systems which are likely to get regular up gradation and replacements. Considering the average life of the odour control systems and the install base, the market in Japan is estimated to surge in next few years.

For the global odour control system manufacturers, Japan is projected to be a prominent market throughout the forecast period, owing to the increasing consumption and production of odour control systems across several industries.

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Chemical & Petrochemical Industry to Capture Prominent Share

The division of the global odour control system market has been done on the basis of application, along with six regions.

• High application potential of odour control system is identified in chemical & petrochemical industry. These industries produce odorous compounds such as hydrogen sulfide, ammonia,mercaptansand several others.The air contains odorant molecules, which must be treated to avoid corrosion and to comply with environment regulations, hence mandating the use of odour control systems in chemical & petrochemical industries.
• Waste treatment and disposal plants are a major source of odour emission. The effluents and vapors coming from these sources are of different and unpredictable composition. Hence, it becomes a necessity to install a combination of odour controls systems at these locations, thereby potentially influencing the market growth.