The global flue gas desulphurization (FGD) market is expected to grow at a moderate CAGR during the forecast period (2024-2031). The major factors contributing to the growth of the market include the rising demand from the power and energy sector and stringent government regulations for the emission of sulfur dioxide from plants. For instance, the Ministry of Environment, Forest and Climate Change (MoEFCC) has issued a notification no: S.O.3305(E) titled ‘Environmental (Protection) Amendment Rules, 2015 dated 7.12.2015, for the reduction of suspended particle emissions from the thermal power plant in India. According to this amendment, units with a capacity less than 500 MW have to comply with emission of SO2 not more than 600 mg/Nm3 and with equal and above 500 MW not more than 200 mg/Nm3 SO2 emission.
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The rising health consciousness among people regarding the harmful effects of sulfur dioxide emitting from the flue of coal-powered plants will propel the growth of the market. FGD is the process used to eliminate the traces of sulfur dioxide (SO2) from the flue gas emissions caused due to fossil fuel-powered plants. The flue gas desulphurization process will eliminate approximately 95% of the SO2 from the emissions. The reagents are required for this process including lime, caustic, ammonia, and sodium bicarbonate.
The major players contributing to the growth of the market by adopting various strategies such as product launches & developments, mergers and acquisitions, partnerships, and collaborations, include Andritz AG, Babcock and Wilcox Enterprises Inc., and Thermax Ltd., among others. For instance, in December 2020, Andritz AG received an order to supply critical parts and technology for a seawater flue gas desulphurization plant for the Mundra thermal power station of Tata Projects Ltd. These technologies are integrated with seawater treatment and wet stack.
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Andritz AG, Babcock and Wilcox Enterprises Inc., Thermax Ltd., Alstom S.A., and Mitsubishi Heavy Industries Ltd.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Flue Gas Desulphurization Market – Segmentation
By Type
- Wet FGD
- Dry and Semi-Dry FGD
By Application
- Power Generation
- Chemical
- Iron and Steel
- Cement Manufacturing
- Others
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