NEWS RELEASE APRIL 2016
World Gas Treatment Market to Reach $35 Billion Next Year
The investment to remove noxious gases from exhaust stacks combined with the investment in treating process gases in 2017 will generate revenues of $35 billion for system suppliers. This is the conclusion reached by the McIlvaine Company by aggregating forecasts appearing in three of its market reports.
|Gas Treatment Revenues Worldwide 2017|
|Power Plant Flue Gas Desulfurization||2,700|
|Power Plant and Industrial DeNOx||8,500|
|Industrial Exhaust Noxious Gas Removal||7,800|
|Process Gas Treatment||16,000|
The market for power plant flue gas desulfurization (FGD) will be taking a temporary nose dive as China completes its retrofit program and activity in Europe and the U.S. is weak. On the other hand, China continues a massive coal-to-chemicals and syngas program which requires removal of acid gas, mercury, H2O and certain other gases.
The DeNOx market will be strong with a mix of purchases by power, cement, incineration and refinery operators.
The gas treatment capex for upstream oil and gas will be weak, but treatment investment by the petrochemical companies in the U.S., China and elsewhere will be strong.
More information on these markets can be found at: