Volatile organic compounds (VOC) recovery units are used to recover vapor of compounds including natural gas, gasoline and several others. In the chemical industry, these units find application primarily in the downstream and upstream processes. Owing to high return on investment and low cost of installation, VOCs are widely used in upstream and downstream process. One of the major factors driving adoption of VOC recovery is stringent environmental legislations enforced to reduce the harmful effects of VOC emission. Stricter legislation by the governments has encouraged many companies to enhance controlling and measuring their solvent emissions. Environmental regulations relating to reduction in emission of hydrocarbon into the atmosphere in order to improve operational safety and air quality is projected to remain the major factor driving the growth of the VOC recovery market.

The report titled “Global VOC Recovery and Abatement Market - Growth, Future Prospects and Competitive Analysis, 2017– 2025” offers strategic insights into the global VOC recovery and abatement industry along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of multiple market segments based on product type and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, trends, restraints and opportunities. In addition, the report incorporates a separate section highlighting key trends analysis of the overall VOC recovery and abatement market.

In order to help the strategic decision makers, the report also includes profiles of the leading VOC recovery and abatement manufacturers, their business strategies and key developments. Some of the major players profiled in the report are The Linde Group, Anguil Environmental Systems, Inc., Climate Technologies Corp., DCL International Inc., Multi Fan Systems Limited, Praxair Technology, Inc., VOCZero Ltd., Wartsila Corporation, Bay Environmental Technology (Beijing) Co., Ltd, Air Products and Chemicals, Inc., Babcock & Wilcox MEGTEC LLC, TANN Corporation, Baker Furnace, Inc., CECO Environmental Corp, PETROGAS system Inc., Polaris s.r.l., Air Clear, LLC., Catalytic Products International, Inc., Epcon Industrial Systems LP, and Amcec Inc. Further, the report also covers market positioning of the key players operating in the VOC recovery and abatement market. The section further includes a brief analysis on key strategies adopted by the major players operating in the market. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the VOC recovery and abatement market
• Market driver, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2015 – 2016)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global VOC recovery and abatement market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.

Based on the technology, the VOC recovery and abatement market is segmented as follows:

• Oxidizers
• Filtration Systems
• Membranes Separations
• Scrubbers and Strippers
• Condensation
• Adsorbent Systems
• Others

Oxidizers segment holds the largest market share in 2016 at 28.6% and is expected to maintain its dominance throughout the forecast period. Condensation technology is highly attractive segment with the second largest market share. This segment is expected to grow at a rate of 4.7% over the forecast period of 2017 to 2025.This technology is highly effective as it has extremely low volumetric load due to the high cost of liquid nitrogen. Adsorbent systems are projected to witness highest growth over the forecast period. This is primarily attributed to its relatively low operating cost coupled with its ability to handle relatively lean VOC streams and both chlorinated and non-chlorinated streams.

North America and Europe were the largest regional markets for VOC recovery and abatement systems. North America accounted for the largest share of the market and is projected to grow at moderate rate during the forecast period, driven by the stringent government regulations regarding VOC emissions. Europe is another highly attractive region which has been benefiting from the high demand for VOC recovery and abatement from eastern European countries. Asia Pacific is a highly attractive region with the highest growth rate. In 2016, Asia Pacific accounted for the third largest share for VOC recovery and abatement market with revenue share of 17.7%. This growth is attributed to increase in environmental rules and regulations in various Asian countries such as China, India, and Indonesia.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of VOC Recovery And Abatement market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the VOC Recovery And Abatement market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of VOC Recovery And Abatement market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the VOC Recovery And Abatement market?
• Which is the largest regional market for VOC Recovery And Abatement market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving VOC Recovery And Abatement market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the VOC Recovery And Abatement market worldwide?