January 24, 2020
According to a recent study titled, “ Adsorption Equipment Market Size By Type (Fixed Bed, Disposable/Rechargeable Canisters, Moving Bed Adsorbers, Fluidized Bed Adsorbers), By Phase (Liquid Phase, Vapor Phase), By End Use (Waste & Wastewater Treatment, Furniture Manufacturing, Electronics, Automotive, Printing, Industrial Equipment) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Tukey, Poland, Russia, China, India, Japan, Thailand, Indonesia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Morocco), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025”, available with Market Study Report LLC, the global adsorption equipment market is anticipated to exceed USD 340 million by the year 2025.
Increasing stringent regulations passed by the developing countries amidst growing environmental concerns may foster adsorption equipment market size. The adsorption equipment is used to eliminate toxic VOC content from gas streams as well as pollutants from water.
It has been estimated that about one-fifth population across the world dwells in areas stuck with scarcity of water. While the remaining population frequently suffers from water shortages owing to the absence of proper infrastructure. There has been an increase in the demand for adsorption equipment for a number of water & wastewater treatment services particularly from South Africa and Mexico where water shortage is a significant issue.
The furniture manufacturing industry extensively uses adsorption equipment as it helps limit the VOC emissions when surface spraying on sheet material furniture and solid wood. There has been a spur in the growth of furniture industry across the U.S on account of growing expenditure by millennials. Furniture sales in the U.S. are expected to be valued at USD 122 billion with a modest growth rate of nearly 3% by 2020.
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Adsorption equipment can be used across various end-use industries such as automotive, furniture manufacturing, electronics, water & wastewater treatment, printing, and industrial equipment. With the deteriorating groundwater table struck with major contamination in water, water & wastewater treatment is expected to depict a CAGR of about 2.7% in the projected time period.