Chemicals and Petrochemicals Electrostatic Precipitator Market Size - By Design (Plate, Tubular), By System (Wet, Dry) & Forecast, 2024 – 2032

Chemicals and Petrochemicals Electrostatic Precipitator Market Size

Chemicals and Petrochemicals Electrostatic Precipitator Market size was valued at USD 1.86 billion in 2023 and is anticipated to grow at a CAGR of 6.6% between 2024 and 2032. It refers to a pollution control device used in chemical and petrochemical industries to remove fine particulate matter, such as dust, smoke, or mist, from exhaust gases. It plays a crucial role in ensuring compliance with environmental regulations, improving air quality, and enhancing process efficiency by recovering valuable materials in these industries.
 

Rising fine particulate matter, volatile organic compounds (VOCs), and other hazardous air pollutants emissions from chemical industry, responsible for contributing to environmental degradation and health risks are set to influence product adoption. Growing regulations to control these emissions by efficiently capturing particulates and ensuring compliance with regulations such as the Clean Air Act (U.S.), European Industrial Emissions Directive, and other country-specific rules are strengthening product demand.
 

Growing adoption of solutions offering the ability to recover valuable by-products during the emission control process by capturing dust and particulate matter, thus enabling effective recycling of materials into the production process, leading to propelling industry statistics. Growing focus on achieving net zero carbon emissions by 2050 is encouraging industries to adopt technologies that minimize their environmental footprint thereby impacting business landscape.
 

Chemicals and Petrochemicals Electrostatic Precipitator Market Trends

Rising evolution of ESP technology with improved efficiency, durability, and adaptability for use in complex industrial environments is complementing product adoption. Furthermore, growing integration of switched integrated rectifiers (SIR) and smart monitoring systems ensuring precise control of the product, leading to better collection efficiency and lower energy consumption, additionally drive business growth.
 

Expanding chemical and petrochemical plants across the globe are creating demand for flexible air pollution control solutions suitable for both large-scale operations and specialized applications, such as the removal of sub-micron particles, enabling companies to adapt to evolving production demands thereby augmenting industry landscape.
 

Chemicals and Petrochemicals Electrostatic Precipitator Market Analysis

Based on design, the chemicals and petrochemicals electrostatic precipitator market is segmented into plate and tubular. Plate is anticipated to grow over USD 2.81 billion by 2032 owing to their superior dust collection capabilities compared to other designs and large surface area for efficient capture of fine particulates, which are often emitted in significant quantities during chemical processes.
 

Improving demand for designs that can withstand extreme conditions, including high temperatures and corrosive gases, ensuring longevity and reduced maintenance needs, even in aggressive chemical atmospheres, improving operational efficiency and reducing downtime thereby fostering product demand. Furthermore, their low energy consumption and minimal maintenance requirements, help chemical and petrochemical plants maintain productivity, additionally drive product penetration.
 

Based on system, the chemicals and petrochemicals electrostatic precipitator market is segmented into wet and dry. Wet is set to grow at a CAGR of over 7.4% by 2032, on account of their effective capturing of sticky, moist, or fine particles and their ability to handle corrosive emissions, such as acid mists. Rising demand for systems offering efficient capturing of fine and sub-micron particles ensuring compliance with increasingly stringent emission regulations are stimulating business growth.
 

Furthermore, global push toward cleaner industrial operations led to the tightening of emissions regulations in key regions, especially in Europe, the U.S., and China are set to uplift the system demand.
 

Asia Pacific chemicals and petrochemicals electrostatic precipitator market is anticipated to grow over USD 1.59 billion by 2032. Rising implementation of strict emission control measures to tackle the region's growing pollution levels due to rapid industrialization especially in emerging economies such as China, India, and Southeast Asia are bolstering product growth.
 

Countries are also incentivizing industries to upgrade their pollution control systems through subsidies and tax incentives leading to augment product adoption.  Additionally, the global trend toward sustainability is pushing corporations to invest in environmentally friendly solutions, further boosting ESP demand.
 

In the U.S. rising strict regulations, for instance, the Clean Air Act mandates stringent control of air pollutants, particularly fine particulate matter (PM2.5) and hazardous air pollutants (HAPs) are stimulating business growth. Furthermore, many U.S.-based chemical and petrochemical companies have implemented ambitious sustainability initiatives, with a focus on reducing their environmental footprint and enhancing their corporate social responsibility (CSR) profiles, which in turn drives their market competitiveness.
 

Chemicals and Petrochemicals Electrostatic Precipitator Market Share

Eminent players are offering customizable and modular ESP systems tailored to specific industry needs, such as handling high dust loads or corrosive gases. This flexibility allows for better adaptation to the diverse requirements of chemical and petrochemical plants. Companies are forming strategic partnerships to enhance their market reach and capabilities. Furthermore, key players are establishing local manufacturing facilities and support services in key regions to help reduce costs and improve service delivery.

Chemicals and Petrochemicals Electrostatic Precipitator Market Companies

Eminent players operating in the chemicals and petrochemicals electrostatic precipitator industry are:

• ANDRITZ GROUP
• Alstom SA
• Enviropol Engineers
• ELEX AG
• FLSmidth
• GEA Group AG
• HIMENVIRO
• Isgec Heavy Engineering Ltd.
• KC Cottrell India
• PPC Austria Holding GmbH
• Thermax Group
• Valmet Oyj
• Wood Plc
   

Chemicals and Petrochemicals Electrostatic Precipitator Industry News

• In September 2023, Valmet clinched an order to provide an ESP for the recovery boiler at Shandong Huatai Paper's ambitious 700,000-ton chemical pulp project in Shandong, China. This order, though its value remains undisclosed, was recorded in Valmet's results for the third quarter of 2023. Emphasizing their dedication to green manufacturing and sustainability, Shandong Huatai Paper highlighted that Valmet’s advanced technology will play a pivotal role in realizing their goals of low energy consumption, zero pollution, and a circular economy.
   
• In August 2022, ANDRITZ secured a contract to supply, install, and commission an ESP at a paper and pulp facility. Located downstream of the LimeFlash-H unit, the ESP will incorporate ANDRITZ's state-of-the-art switched integrated rectifiers (SIR). This setup is designed to effectively capture lime dust, redirecting it back to the lime kiln, and ensuring that particulate emissions remain under the threshold of 20 mg/Nm³.
   

The chemicals and petrochemicals electrostatic precipitator market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in “(USD Million)” from 2021 to 2032, for the following segments:

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Market, By Design

• Plate
• Tubular

Market, By System

• Dry
• Wet

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Nigeria
  • Angola
• Latin America
  • Brazil
  • Argentina
  • Chile
  • Peru