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Chemical & Petrochemical IECS Market Size

  • Report ID: GMI10187
  • Published Date: Jul 2024
  • Report Format: PDF

Chemical & Petrochemical IECS Market Size

Chemical & Petrochemical IECS Market was valued at USD 9 billion in 2023 and will grow at a CAGR of over 6.3% from 2024 to 2032. The chemical and petrochemical industrial emission control system market is evolving rapidly, driven by regulatory pressures, technological advancements, and a growing focus on sustainability. Companies in this market are investing in advanced technologies, digital solutions, and R&D to meet stringent emission standards and enhance their environmental performance.

 

Growing public awareness and advocacy for environmental protection are influencing corporate strategies and government policies. NGOs, environmental groups, and the general public are increasingly demanding stricter emission controls and greater transparency. This heightened awareness is driving companies to adopt advanced emission control technologies and practices, thereby enhancing their social license to operate.
 

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of chemical & petrochemical IECS was reached USD 9 billion in 2023 and is anticipated to register 6.3% CAGR between 2024 and 2032, driven by regulatory compliance along with rising sustainability and corporate social responsibility.

The electrostatic precipitators segment in the chemical & petrochemical IECS market is predicted to record 6.4% CAGR through 2032, due to innovations in heat recovery, advanced materials, and system design for enhancing energy efficiency, sustainability, and profitability of emission control solutions.

Asia Pacific chemical & petrochemical IECS market is projected to reach USD 5.2 billion by 2032 due to the rapid industrialization and economic growth in emerging markets.

APC Technologies, Inc., Babcock & Wilcox Enterprises, Inc., BASF SE, CECO ENVIRONMENTAL, D

Chemical & Petrochemical IECS Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 15
  • Countries covered: 21
  • Pages: 100
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