The Oil & gas industry is estimated to be the leading consumer of mist eliminators

The global Mist Eliminators Market size is projected to grow from USD 953 million in 2020 to USD 1,159 million by 2025, at a CAGR of 4.0% during the forecast year. The global mist eliminators market has been witnessing consistent growth due to the increasing concern for environmental pollution, growing prevalence of airborne diseases, growth of the manufacturing sector, and enforcement of environmental laws and regulations.

The rise in the demand for mist eliminators from the oil & gas, power generation, chemical, and desalination industries is expected to drive the mist eliminators market globally. The demand for mist eliminators is witnessing steady growth in these industries. Stringent environmental regulations focused on controlling toxic emissions from coal-fired power plants, oil & gas, and chemical industries are further expected to drive the growth of the market during the forecast period.

The mist eliminators market is dominated by large players, such as Sulzer Ltd. (Switzerland), CECO Environmental Corp.(US), Munters Group AB (Sweden), Koch-Glitsch LP (US), and DuPont de Nemours, Inc.(US). These players have adopted various growth strategies, such as expansions, and acquisitions, and agreements, to enhance their market footprint and improve their product portfolios.

The Oil & gas industry is estimated to be the leading consumer of mist eliminators

The oil & gas segment led the overall mist eliminators market in 2019, both in terms of value and volume. In the oil & gas industry, with the use of mist eliminators, the throughput rates can be improved, and a better yield of gas-oil products can be achieved. This, in turn, also allows the pure cut of the crude. Also, it is used in the vacuum tower, upstream and downstream processing line, flue gas desulfurization, and gas processing facilities.

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Driver: Increasing demand in the coal-fired power plant, supported by stringent government regulations

Across the globe, it has been observed that the electricity demand is mostly catered through the coal-fired power plant, especially in developing countries such as India, China, and Brazil, among others. According to the Energy Information Administration (EIA), since 2000, the capacity of coal-fired power plants across the globe has increased to double, i.e., 2,047 gigawatts, and around 300 gigawatts is proposed. This is mainly attributed to massive investment in China, Russia, and India, coupled with the significant growth of the manufacturing sector.

According to the Greenpeace analysis, the coal-fired power plant is a major contributor to the emission of SO2, accounting for more than 40% of the total emission. Also, India, Russia, and China are the major contributing countries with 4,586, 3,683, and 2,578 kilotons/year. To evade the emission of SO2 and support sustainable development, several regulatory bodies have imposed restrictions over their emission from the power plant. For instance, the US Environmental Protection Agency (EPA) had regulated six pollutants under the National Ambient Air Quality Standards program, which resulted in a 73% decline in the emission during 1990-2018. This is achieved through several technological modifications at the processing plant.

In the coal-fired power plant, to evade the SO2 emission, the wet flue gas desulfurization method is prevalently used to minimize the SO2 emission. During this, the mist eliminators play a pivotal role in the collection of the SO2 mist from the gas stream and minimize its concentration from the exhaust gas stream. Thus, with the growing stricter regulations on the power industry and increasing power plant capacity, the demand for mist eliminators will increase in the industry.

Other companies have initiated the following developments:

• In June 2020, CECO Environmental acquired UK-based Environmental Integrated Solutions Limited, which offers clean air products and technologies such as odor control, VOC abatement, and other air pollution control solutions.
• In August 2019, Koch-Glitsch had acquired Julius Montz GmbH (Germany), which was involved in structured packings and trays and process systems business.
• In October 2019, Sullair, LLC had announced the expansion of the main manufacturing facility based in Michigan City, US. The company is investing USD 30 million to build an 80,000 sq.ft. Manufacturing facility, a canopied storage building, and other processing areas.

Sulzer Ltd. (Switzerland), CECO Environmental Corp.(US), Munters Group AB (Sweden), Koch-Glitsch LP (US), DuPont de Nemours, Inc.(US), Kimre Inc. (US), Hilliard Corporation (US), Monroe Environmental Corporation (US), and Begg Cousland Envirotec Limited (Scotland) are the key players operating in the mist eliminators market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the mist eliminators market.

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