VOC is the abbreviation for volatile organic compounds. In the ordinary sense, VOC refers to volatile organic compounds, but in the environmental sense, it refers to a class of volatile organic compounds that are active and harmful.
Overview of Market Development and Analysis of Segmented Markets
With the continuous enhancement of environmental awareness, governments and enterprises around the world are paying more and more attention to the treatment and recycling of VOCs, and the global VOC treatment and recovery market is facing huge development opportunities. According to our research data, the global VOC treatment and recovery market size was $730 million in 2023 and is expected to increase to $826 million by 2025.
From the perspective of market demand, industries such as chemical, pharmaceutical, food processing, and printing are the main sources of volatile organic compound emissions. Therefore, these industries have a strong demand for the treatment and recovery of VOCs.
Currently, the global VOC treatment and recovery market has formed a relatively complete industrial chain. From a technical perspective, thermal storage oxidation, thermal regeneration oxidation, catalytic oxidation, and activated carbon adsorption are the main technical means for treating and recovering VOCs. Among them, thermal regeneration oxidation occupies the largest market share.
Global VOC Treatment & Recovery Market Size Forecast and Market Segment Analysis
Source: www.globalmarketmonitor.com
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the global VOC treatment and recovery market is low. According to our data, the total revenue of the VOC treatment and recovery market of the top 3 enterprises in the industry in 2020 was $84.10 million, with a total revenue share of only 14.48%. The top three companies were CECO Environmental Corp, Durr Group, and CMI Group. In 2020, these three companies accounted for 5.73%, 4.42%, and 4.33% of the global VOC treatment and recovery market revenue, respectively.
VOC Treatment & Recovery Market Revenue and Share of Main Companies in
2020
|
Companies
|
Market Revenue (Million USD)
|
Share
|
|
CECO Environmental Corp
|
33.29
|
5.73%
|
|
Durr Group
|
25.69
|
4.42%
|
|
CMI Group
|
25.12
|
4.33%
|
|
Top3
|
84.10
|
14.48%
|
Source:
www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global VOC Treatment and Recovery Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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