ADSORPTION EQUIPMENT MARKET ANALYSIS

Market Challenges And Opportunities

Regulations Regarding Volatile Organic Compounds (VOCs) Emissions are Impelling the Need for Adsorbent Equipment and Growing Automotive Industry Worldwide are the Factors Driving Growth for the Global Adsorption Equipment Market

Volatile organic compounds (VOCs) are organic chemicals that have a high vapor pressure at ordinary room temperature. Their high vapor pressure results from a low boiling point, which causes large numbers of molecules to evaporate from the liquid or solid form of the compound and enter the surrounding air. Moreover, various government bodies around the globe have ordered stringent guidelines on the outflow of volatile organic compounds (VOCs) from different end-use businesses such as car chemical, paint shop, nourishment and refreshments, pharmaceutical, printing, and semiconductors. This is expected to drive the interest for adsorption gear, which helps keep volatile organic compounds (VOCs) in line. Hence, key vendors are focusing on launching various products related to VOC sensors and monitors. For instance, in October 2017, Alphasense, one of the gas sensor developer and manufacturer based in the UK, has launched a new sensor for the measurement of volatile organic compounds (VOCs). The new p-type Metal Oxide sensor is a broadband total volatile organic compounds (VOCs) detector with a range from 0 to 100 ppm (isobutylene) as well as 10-50 ppb detection limit, depending on the volatile organic compounds (VOCs). However, the accessibility of more affordable options such as fixed-bed adsorbers and fluidized-bed adsorbers, with low establishment and maintenance costs is foreseen to control the worldwide adsorption equipment market among the estimate time frame.

Furthermore, an increasing automotive industry worldwide is one of the key drivers for the global adsorption equipment market. China’s automotive industry has been witnessing high growth. According to the Ministry of Industry and Information Technology (MIIT) China, country’s automotive sales have broken through the benchmark of 28 million in 2016, globally ranking the first for eight consecutive years. Hence, rise in automotive industry will further boost the global adsorption equipment market trends during forecast period.