Wilmington, Delaware, United States, Transparency Market Research Inc. -, July 11, 2024 (GLOBE NEWSWIRE) -- The global VOC recovery market(VOC-Rückgewinnungsmarkt) stood at US$ 24.6 billion in 2023, and the global market is projected to reach US$ 118.4 billion in 2034. The VOC recovery market is anticipated to expand at a CAGR of 14.9% between 2024 and 2034.
The VOC (Volatile Organic Compounds) recovery market is experiencing significant growth, driven by increased awareness of the health hazards associated with VOCs and the implementation of stringent environmental regulations. VOCs are organic chemicals that are present in various household, industrial, and commercial products, including paints, cleaning supplies, and solvents.
These compounds can easily evaporate into the air, leading to potential health risks such as respiratory issues, headaches, and in some cases, cancer. As a result, there is a growing demand for technologies and systems that can effectively capture and recover VOCs, minimizing their release into the environment.
Request Your Sample PDF Brochure Here: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86265
Environmental regulations play a crucial role in driving the VOC recovery market. Governments and regulatory bodies worldwide have implemented strict standards and guidelines to limit VOC emissions, aiming to protect both public health and the environment.
Compliance with these regulations often requires industries to adopt advanced VOC recovery systems, such as carbon adsorption, condensation, and membrane separation technologies. These systems are designed to capture VOCs from air streams, enabling their reuse or safe disposal, thus reducing the overall environmental impact.
Industries such as oil and gas, chemicals, and pharmaceuticals are major contributors to VOC emissions, and they are increasingly investing in VOC recovery solutions to meet regulatory requirements and enhance their sustainability practices. Additionally, advancements in VOC recovery technologies are making them more efficient and cost-effective, further driving market growth. The integration of these systems not only helps companies achieve regulatory compliance but also offers economic benefits by recovering valuable VOCs that can be reused in production processes.
The VOC recovery market (Mercato del recupero dei COV) is poised for robust growth, fueled by heightened awareness of VOC-related health risks and the enforcement of stringent environmental regulations. As industries strive to reduce their environmental footprint and protect public health, the adoption of advanced VOC recovery technologies will continue to expand, ensuring a cleaner and safer environment.
Top of FormKey Takeaways of Market Report
- Global VOC Recovery market to generate absolute dollar opportunity worth US$ 118.4 billion until 2034.
- Global VOC Recovery market is valued at US$ 24.6 billion in 2023.
- Asia Pacific is forecasted to hold the largest share in 2023.
VOC Recovery Market: Growth Drivers Top of Form
- Exposure to VOCs, primarily through inhalation, can lead to various health issues including irritation of the eyes, nose, throat, and skin, as well as headaches. The severity of these effects depends on the specific chemicals involved and the duration of exposure, with some VOCs also being linked to cancer.
- To mitigate these health risks, governments globally have implemented stringent VOC regulations that set emission limits for specific products. VOC recovery systems enable industries to comply with these regulations by capturing and treating VOCs before they are released into the environment, thus ensuring safer and healthier conditions for both workers and the general public.
VOC Recovery Market: Regional Landscape
- The Asia Pacific region led the VOC recovery market in 2023, driven by increased implementation of VOC reduction initiatives. For example, Japan revised its Act on Rational Use and Proper Management of Fluorocarbons in 2019, aiming to achieve a recovery rate of 50% by 2020 and 70% by 2030, significantly boosting market growth.
- In Europe, rising concerns about sustained air pollution damage are enhancing the VOC recovery market. A 2022 United Nations report highlighted that despite emission reductions, long-term air pollution continues to impact human health, ecosystems, and crop yields, while also exacerbating climate change, emphasizing the need for effective VOC recovery systems.
Unlock Growth Potential in Your Industry! Download PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86265
VOC Recovery Market: Key Players
- In 2023, Condorchem Enviro Solutions launched an advanced VOC recovery system using a hybrid technology that combines cryogenic condensation and activated carbon adsorption. This innovative system offers enhanced efficiency in capturing and treating a wide range of VOCs, catering to industries with stringent emission regulations.
- In 2023, CECO Environmental introduced a state-of-the-art regenerative thermal oxidizer (RTO) specifically designed for high-volume industrial applications. This RTO technology provides superior VOC destruction efficiency while minimizing energy consumption, helping industries reduce their environmental impact and comply with regulatory standards.Top of Form
Bottom of Form
VOC Recovery Market: Segmentation
By Technology
- Condensation
- Adsorption
- Absorption
- Membrane Separation
- Cryogenics
- Others
By Application
- Petrochemicals and Refineries
- Chemicals and Pharmaceuticals
- Food and Beverages
- Paints and Coatings
- Printing and Packaging
- Automotive
- Electronics
- Others
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=86265<ype=S
More Trending Reports by Transparency Market Research –
Enhanced Oil Recovery Market (سوق الاستخلاص المعزز للنفط) - The global Enhanced Oil Recovery Market is projected to advance at a CAGR of 4.7% from 2021 to 2031
Energy Recovery Ventilators Market (Рынок вентиляторов с рекуперацией энергии) - The global Energy Recovery Ventilators Market is projected to expand at a CAGR of 14.3% during the forecast period from 2023 to 2031
Energy Recovery Technologies Market (에너지 회수 기술 시장) - The global energy recovery technologies market is projected to advance at a CAGR of 6.1% from 2023 to 2031
Fire Collars Market (ファイヤーカラーズ マーケット) - The global fire collars market is projected to expand at a CAGR of 5.2% during the forecast period from 2024 to 2034
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports
Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube
