According to a new market report published by Lucintel, the future of the odor control agent market looks promising with opportunities in the water treatment, air purification, and food & beverage processing markets. The odor control agent market is expected to reach an estimated $3.5 billion by 2024 with a CAGR of 3.5% from 2019 to 2024. The major growth drivers for this market are increasing industrialization in developing countries and increasing government regulation towards clean environment.
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In this market, activated carbon, bio-enzymes, and other chemicals are used as odor control agents in various end use industries. Lucintel forecasts that activated carbon will remain the largest material type due to increasing demand for industrial and municipal waste water treatment. The bio-enzyme segment is expected to witness the highest growth over the forecast period due to increasing awareness to improve air quality in commercial and residential communities.
Within the odor control agent market, water treatment will remain the largest application driven by the need to remove chemicals, inorganic substances, and taste and odor causing compounds from water. Lucintel predicts that the air purification application is expected to witness the highest growth over the forecast period supported by growth in the sewage air treatment, industrial gas purification, and commercial and residential air purification.
Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to rapid industrialization and expansion of chemical industries.
Emerging trends, which have a direct impact on the dynamics of the industry, include use of odor eliminator technology for sports clothing and equipment, and prosweet odor control technology. Ecolab, Calgon Carbon, Cabot, Fujian Yuanli Active Carbon, Haycarb, Osaka, Novozymes, Kuraray, Ingevity, and Synthron are among the major suppliers of odor control agents.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the odor control agent market by application, material type, product form, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Odor Control Agent Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the odor control agent market by application, material type, product form, and region as follows:
By Application [Volume (M lbs) and $M shipment analysis for 2013 – 2024]:
Water TreatmentAir PurificationFood and Beverage ProcessingOthers
By Material Type [Volume (M lbs) and $M shipment analysis for 2013 – 2024]:
Activated CarbonBio-EnzymesOther Chemicals
By Product Form [$M shipment analysis for 2018]:
By Region [Volume (M lbs) and $M shipment analysis for 2013 – 2024]:
North AmericaUSCanadaMexicoEuropeGermanyThe United KingdomFranceRussiaAsia PacificChinaJapanIndiaSouth KoreaThe Rest of the WorldBrazilTurkey
This 210-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/odor-control-agent-market.aspx or firstname.lastname@example.org.
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