ADSORPTION EQUIPMENT MARKET ANALYSIS

Regional Analysis

Global Adsorption Equipment Market: Regional Insights

Asia Pacific region is estimated to be the largest adsorption equipment market, as this region comprises some of the fastest developing economies of the world as well as key consumers of adsorption equipment such as India, China, Thailand, Indonesia, and Japan. The business in the Asia Pacific region is primarily driven by stringent government rules for controlling volatile organic compounds (VOC) emissions, which will create lucrative growth opportunities for the adsorption equipment manufacturers. For instance, in February 2015, the Shanghai Environment Protection Bureau created the Emission Standards for Paint, Ink as well as Allied Products Manufacturers to control emissions from factories. This standard will be applied both for existing factories and new factories present in this region. Moreover, Asia Pacific region is a manufacturing base for the chemical, food & beverage, automotive, semiconductor, and pharmaceutical industries where the global adsorption equipment market is expected to gain traction over forecast period.

Furthermore, the North America and Europe are expected to contribute significant growth towards the global adsorption equipment market progression during forecast period. Introduction of new advanced technologies in adsorption equipment in countries such as the U.S., Canada, UK, and Germany will drive growth of global adsorption equipment market in these regions. According to Organisation Internationale des Constructeurs d'Automobiles (OICA), one of the French organization of motor and vehicle manufacturers, vehicle production across the globe has increased by 2.4% as compared to 2016. This in turns, creates the high growth opportunities for the adsorption equipment market globally.