DALLAS, Nov. 02, 2018 (GLOBE NEWSWIRE) -- 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 global odor control agent market is expected to reach an estimated $3.3 billion by 2023 with a CAGR of 3.6% from 2018 to 2023. The major growth drivers for this market are increasing industrialization in developing countries and increasing government regulation towards clean environment.
Browse 58 market data tables and 109 figures spread through 210 pages and in-depth TOC on “Global Odor Control Agent Market" at https://www.lucintel.com/odor-control-agent-market.aspx
In this market, different types of odor control agent grades such as activated carbon, bio-enzymes, and other chemicals are used as material type in various applications. 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.
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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.
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Emerging trends, which have a direct impact on the dynamics of the odor control agent 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 odor control agent manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global odor control agent market by application, material type, product form, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Odor Control Agent Market 2018-2023: 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 global odor control agent market by application, material type, product form, and region.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at helpdesk@lucintel.com