The scope of our recent study on the “South East Asia & Africa Flue Gas Desulfurization (FGD) Market Forecast t2028 – COVID-19 Impact and Global Analysis – By Type (Dry FGD and Wet FGD); Application (Power Generation, Chemical, Iron and Steel, Cement Manufacturing, Others)” includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.
The South East Asia & Africa Flue Gas Desulfurization market was valued at US$ 1,818.2 million in 2020 and is projected treach US$ 2,935.61 million by 2028; it is expected tgrow at a CAGR of 6.3% from 2020 t2028. South East Asia & Africa flue gas desulfurization in general is referred as a fiber with a diameter less than 1 micron.
South East Asia & Africa flue gas desulfurization is a fiber with a diameter less than 1 µm. Rapid pace of industrialization, growing commercialization of South East Asia & Africa flue gas desulfurization products with increasing industrial applications, continuous efforts in technological innovations, and rise in R&D investments are among the significant factors contributing tthe South East Asia & Africa flue gas desulfurization market growth.
Based on type, flue gas desulfurization market is categorized Dry FGD and Wet FGD. The Wet FGD segment led the market with the largest share in 2020. Wet flue gas desulfurization (Wet FGD) system roughly has SOx removal efficiency of over 90 percent. Wet freshwater flue gas desulfurization equipment primarily uses limestone slurry for removing SOx. The flue gas drawn from a boiler is directed intan absorption tower by a booster fan. Inside the absorption tower, the flue gas comes in contact with limestone slurry, sprayed through nozzles installed at the tower's top. Southeast Asia is one of the fastest-growing regions in terms of electricity demand across the globe.
On the basis of application, the market has been segmented intpower generation, chemical, iron and steel, cement manufacturing, and others. According tthe DNV GL Energy Transition Outlook (ETO), energy demand in Southeast Asia will continue trise in the coming decades. Major demand is coming from buildings due tpopulation growth and an increase in income per capita, leading tgreater demand for space cooling and appliances. Further, the energy demand for transport and manufacturing will alsrise. The share of electricity in the final energy demand will continue trise, from 15% in 2017 t41% in 2050. All three main sectors will see strong electrification in the period. The increasing demand for power and the energy sector has significantly driven the demand for setting up flue gas desulphurization systems in the region.
The South East Asia & Africa flue gas desulfurization market is segmented intfive main countries—Indonesia, Malaysia, Thailand, Vietnam, and South Africa. Indonesia is expected tregister the highest CAGR in the South East Asia & Africa Flue Gas Desulfurization market during the forecast period. . The rise in the stringent regulations in respect temission of gasses in the Indonesia has increase the demand for flue gas desulfurization systems. Further, the growth of end use industries such as power generation, chemical, iron and steel, paper and pulp and other industrial bases is alsexpected tpromote the market growth in the country.
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 tgovernment-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 tthese restrictions, limited availability of working professionals and lowered production levels due tsocial distancing measures are the factors hampering the activities in the chemical & materials industry, as well as various markets related tit. Many countries are now resuming tnormalcy, whereas many are experiencing second wave of the outbreak. In addition, due tvaccination drives, the situation is likely tchange in the coming months.
South East Asia & Africa Flue Gas Desulfurization Market, by Type
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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