Lucintel Forecasts Odor Control Agent Market to Reach$3.8Billion by 2027
Lucintel Forecasts Odor Control Agent Market to Reach$3.8Billion by 2027
Blog Article
According to the recent study theodor control agent marketis projected to reach an estimated $3.8 billion by 2027from $3.1billion in 2021, at a CAGR of 3.7% from 2021 to 2027. Growth in this market is primarily driven by increasing industrialization in developing countries and increasing government regulations for a clean environment.
Browse 109 figures / charts and 58tables in this 210-page report to understand trends, opportunities and forecast in odor control agentmarketby application (water treatment, air purification, food and beverage processing, and others), material type (activated carbon, bio-enzymes, and other chemicals), product form (powder, liquid, granular, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Activated carbon market is expected to remain the largest segment during the forecast period.”
Based on material type, the odor control agentmarket is segmented intoactivated carbon, bio-enzymes, and other chemicals.Lucintel forecasts that the activated carbonmarket is expected to remain the largest segment due to the increasing demand for industrial and municipal waste water treatment and bio-enzyme segment is expected to witness the highest growth over the forecast period due to increasing awareness to improve air quality in commercial and residential communities.
“Within the automotive suspensionmarket, the water treatment segment is expected to remain the largest application”
Based on application, the water treatment segment is expected to witness the largest application driven by the need to remove chemicals, inorganic substances, and taste and odor causing compounds from water and the air purification application is expected to witness the highest growth over the forecast period, supported by growth in sewage air treatment, industrial gas purification, and commercial and residential air purification.
“Asia Pacific will dominate the odor control agentmarket in near future”
Asia Pacific is expected to largest region and witness the highest growth over the forecast period due to rapid industrialization and expansion of the chemical industry.
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Major players of odor control agentmarket are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Ecolab, Calgon Carbon, Cabot, Fujian Yuanli Active Carbon, Haycarb, Osaka, Novozymes, Kuraray, Ingevity, and Synthronare among the major odor control agentproviders.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/odor-control-agent-market.aspxor helpdesk@lucintel.com
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