Mist Eliminator Market

Growth in Renewable Energy Paves Way for Mist Eliminator in Near Future (2022-2032)

The global mist eliminator market is set to surpass a valuation of US$ 615.1 million in 2022 and further grow at a CAGR of 4.1% to reach 915.9 million by the end of 2032.

Wire mesh Mist eliminator account for more than half of market share in terms of value by the end of 2022 and likely to dominate during the forecast period.

Report Attributes	Details
Mist Eliminator Market Size (2021A)	US$ 598.9 Million
Estimated Market Value (2022E)	US$ 615.1 Million
Forecasted Market Value (2032F)	US$ 915.9 Million
Global Market Growth Rate (2022-2032)	4.1% CAGR
North America Market Share (2022)	~ 30.6%
North America Market Value (US$ Mn), 2022	US$ 188.4 Million
Europe Market Share (%), 2022	~28.3%
Europe Market Value (US$ Mn), 2022	US$ 174 Million
China Market Share (%), 2022	~12.4%
China Market Value (US$ Mn)	US$ 76.1 Million
Top 3 country Market Share (%)	~43.4%
Key Companies Profiled	Sulzer Ltd. Munters Group Koch-Glitsch Kimre, Inc. Air Quality Engineering, Inc. AMACS Hilliard Corporation RVT Process Equipment GmbH DuPont de Nemours, Inc. CECO Environmental KCH Services Inc.

Sales Analysis of Mist Eliminator Detection System (2017-2021) Vs. Market Forecast Outlook (2022-2032)

The mist eliminator market is predicted to grow at a moderate rate during the forecast period of 2022-2032. The market’s historic CAGR was (1.3)%. The Covid-19 pandemic had a major role to play in affecting the sales of the product as a result of which the CAGR was affected drastically.

The Covid-19 global pandemic had a severe and swift impact on almost every industry and as result, the global mist eliminator market also fell prey to this situation. The market witnessed significant disruption in imports and exports of the eliminators.

The demand for mist eliminators majorly depends on the growth of its end use industries such as chemical, oil & gas and power generation industries. Thus, if these industries witness an increase in investments during the forecast period, the market is poised to expand at a good rate and if the industries witness a loss, the market is expected to witness a downward trend during the forecast period.

• Short Term (2022 Q2 to 2025): Recovery of dependent industries post pandemic to increase the sales of mist eliminators.

• Medium Term (2025-2028): Emphasis on increasing the efficiency of the device to improve its market growth.
• Long Term (2028-2032): Integration of technologies to make it more user friendly will increase its customer base and improve market penetration.

Over the 2017-2021 historical period, the global mist eliminator market registered a market value of US$ 598.9 Mn during 2021, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 4.1% CAGR between 2022 and 2032.

Market share analysis of mist eliminator based on end user and region is provided in a nutshell in the above image. Under the end user segment, the chemical sub-segment dominates with 25.1% market share in 2022.

What’s Driving Demand for Mist Eliminator?

“Necessity to Effectively Separate Gas, Liquid, or Vapor to Bolster Mist Eliminator Market Growth”

Mist eliminators are gaining more popularity primarily due to their ability to remove contaminated liquid droplets from the vapor streams. Further, these devices are highly efficient in eliminating contaminants, which in turn improves the throughput capacity and also enhances product purity.

As a result, number of end-use industries are considering mist eliminators for effective separation, which in turn is propelling the product's growth in the market.

Moreover, mist eliminators also have the ability to separate useful chemicals which get accidentally formed from the mist. These chemicals are reused by draining the droplets of water using these eliminators. This plays a major role in increasing the demand for mist eliminators during the forecast period.

“Increasing Number of Client Industries to Reinforce the Demand for Mist Eliminators”

Mist eliminator manufacturers are offering a wide portfolio of mist eliminator products. The number of mist eliminator products sold in 2022 is predicted to be more than 600 K units. These include products such as wire mesh, vane, and fiber bed eliminators for several end user industries such as chemical, power generation, and oil & gas among others. A variety of end-use industries as clients is encouraging players in the mist eliminator market to develop new technologies and products, which are also environmentally friendly.

For instance, mist eliminators manufactured by prominent players such as Sulzer and CECO Environmental are offering products for a broad range of applications and also have an efficiency level of up to 99.95%. Further, the ongoing demand for reliable and efficient products coupled with the need for minimal maintenance products is anticipated to drive the installation of mist eliminators in multiple end-use industries.

What Concerns Should Mist Eliminator Manufacturers Avert?

“Adoption of Alternative Renewable Sources of Energy to Pose a Challenge for Market”

Mist eliminators have a high demand in the power generation and oil & gas industry. These industries had accounted for 43.2% of the market share in 2021. Power generation industries are usually those that use oil & gas as the source of energy. However, in recent times, it has been observed that there has been an increasing adoption of renewable power generation such as wind, solar, hydro, and several other renewable technologies.

With the adoption of such power sources, the mist eliminator market may witness decreasing demand as the amount of unpurified air produced by these renewable sources is less. The imposition of stringent emission norms in developed countries of Europe and North America has encouraged companies to invest in renewable power generation sources.

The rise of renewable power generation has led to the growth of power-to-heat technology, which substitutes the need for mist eliminators. Thus, the rising adoption of such technologies in developed countries is expected to hinder the growth of the mist eliminator market.

“Unfavorable Conditions in Oil & Gas Industry to Have Adverse Effects on the Demand of Mist Eliminator”

In recent times, the oil & gas industry has faced a major impact due to the Covid-19 pandemic, which has resulted in declining prices of oil. The International Energy Agency projected that the oil and gas revenues for several major producers fell between 50 - 85% during the pandemic in 2020 when compared to 2019.

This had a major impact throughout its global supply chain and it affected other parts of the energy sector negatively as well. The mist eliminator industry is growing now at a significant rate and is projected to have a CAGR of 4.1% by the end of the forecast period.

Mist eliminators are widely used in oil & gas and power generation industries. Due to the volatile demand across industries, due to cut down of oil & gas production by OPEC+ countries, the growth of the market is likely to hamper in the near future.

Country-wise Insights

How well is the Mist Eliminator Market Operates in the U.S.?

North America is predicted to have a market share of 30.6% in 2022 making it the market leader. A major reason for this is the implementation of several stringent regulations imposed by the government to reduce carbon emissions.

U.S. Environmental Protection Agency (EPA) has regulated the installation of mist eliminators in the power generation industry to create a safe workplace for employees. This is expected to play an important role in the market growth. Along with high demand for these devices, the strong production and manufacturing facilities in the USA is expected to create several opportunities for manufacturers during the forecast period.

According to Fact.MR, North America is expected to maintain its position as the market leader in the mist eliminator market, especially due to the high concentration of major market players in this region, the U.S. is expected to have a market share of 78.3% in this region in 2022.

How does Germany Fare in Mist Eliminator Market?

Europe is expected to have a market share of 28.3% in 2022 making it the second highest user of mist eliminators. A major reason for this is the implementation of several stringent regulations imposed by the Europe Environment Protection Agency (EPA).

The EU clean air policy has the goal of improving ambient air quality to tackle the problem of air pollution to protect both, the environment as well as humans.

In the Fact.MR’s report, Germany is expected to have the highest market share of 24.8% in Europe in 2022 followed by the UK which is estimated to have a market share of 23% in 2022.

Category-wise Insights

How are the Various Mist Eliminator Types Performing in the Market?

Wire mesh eliminators are expected to have a market share of 50.9% of the global market in 2022. They have high separation efficiency and also the lowest installation costs due to which they are highly favored. Apart from this, the manufacturers make these devices keeping in mind the end users of this category. Due to this factor, wire mesh mist eliminator sales are predicted to increase during the forecast period. It is expected to have a market value of US$ 312.8 Mn in 2022.

The fiber bed mist eliminators are equipped with the ability to eliminate submicron mists. They have a high collection and removal efficiency of up to 99.9%. These eliminators have applications in the oil & gas industry. They are also used in a variety of different facilities that seek to reduce emissions. Due to these factors, these products are predicted to have more than one-fourth of the market share in 2022.

Competitive Landscape

Key manufacturers of the mist eliminators industry worldwide including Sulzer Ltd., Munters Group, Koch-Glitsch, Kimre, Inc., Air Quality Engineering, Inc. etc. These companies are working hard on coming up with new products which are technologically advanced and to make this happen, emphasis is being put on R&D and to expand their R&D facilities, companies are using strategies such as acquisitions and collaborations to increase production of products and gain a larger market reach.

In 2020, Sulzer Ltd. received a contract from ExxonMobil for the supply of its industrial-scale cMIST system that will help with natural gas dehydration. There are plans for the installation of a new unit on the onshore ExxonMobil facility in the U.S.

In 2020, CECO Environmental acquired a UK-based company, Environmental Integrated Solutions Limited (EIS). CECO will now expand its customer base in Europe and strengthen its solution capabilities, application depth, and knowledge expertise.

Fact.MR has provided detailed information about the price points of key manufacturers of mist eliminator positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Mist Eliminator Industry Research

• By Type:

  • Wire Mesh
  • Vane
  • Fiber Bed

• By Material:

  • Metal
  • Polypropylene
  • FRP

• By End-User:

  • Oil & Gas
  • Desalination
  • Power Generation
  • Chemical
  • Others

• By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Oceania
  • Middle East and Africa