Regenerative Thermal Oxidizer (RTO) Market: Introduction
Transparency Market Research delivers key insights into the
global regenerative thermal oxidizer (RTO) market. In
terms of revenue, the global regenerative thermal oxidizer (RTO) market is
estimated to expand at a CAGR of ~5% during the forecast
period, owing to numerous factors, regarding which TMR offers thorough insights
and forecasts in its report on the global regenerative thermal oxidizer (RTO)
market.
The global market for regenerative thermal oxidizer (RTO) is
largely affected by numerous factors, including rapid industrialization and
growing adoption of regenerative thermal oxidizers (RTO) to reduce the emission
of VOCs (volatile organic compounds) and HAPs (hazardous air pollutants).
Regenerative Thermal Oxidizer (RTO) Market: Key Segments
The global regenerative thermal oxidizer (RTO) market has
been segmented by control system, industry, distribution channel, and region.
Based on control system, the regenerative thermal oxidizer (RTO) market has
been divided into volatile organic compounds (VOCs), hazardous air pollutants
(HAPs), odor, and others. The demand for RTOs to control VOCs is driven by the
increasing emission level of VOCs in different industry sectors. Regenerative
thermal oxidizers are primarily developed for large volumes, and low VOC
concentration air pollution applications. Moreover, regenerative thermal oxidizers
are an energy-efficient solution to destroy harmful air pollutants, and VOCs in
paint spray booths and petroleum processing plants.
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In terms of industry, the market has been divided into paint
& coatings production, petroleum, oil & gas, food, printing, chemicals,
pharmaceutical, semiconductor, automotive, and others. The demand from the
paint & coatings production segment is anticipated to expand at the highest
CAGR of of 5.9% during the forecast period. The increasing
demand for decorative paints and industrial paints has encouraged investment in
increased production capacities in recent years, and therefore, significant
projects of regenerative thermal oxidizers have been installed in this
industry. For instance, in December 2020, Nippon Paint Holdings Co.
announced its mid-term plan of business expansion. The company aims to expand
its production capabilities outside Asia in Europe and North America through
strategic acquisitions and mergers.
In terms of distribution channel, the market has been
divided into direct sales and indirect sales. The indirect sales channel is
expected to show the fastest growth rate during the forecast period, owing to
the rapid penetration of global manufacturers in overseas markets through
collaborations with regional technology partners and service providers.
Regenerative Thermal Oxidizer (RTO) Market: Prominent
Regions
The global regenerative thermal oxidizer (RTO) market has
been divided into North America (U.S., Canada, and Rest of North America),
Europe (Germany, U.K., France, and Rest of Europe), Asia Pacific (China, Japan,
India, and Rest of Asia Pacific), Middle East & Africa (GCC Countries,
South Africa, and Rest of Middle East & Africa), and South America (Brazil
and Rest of South America). The demand for regenerative thermal oxidizers (RTO)
in Asia Pacific and Europe is anticipated to expand at a faster pace than any
other region in the upcoming years, owing to an increasing number of local
manufacturers and penetration of international brands and high prevalence of
industrial air pollution in these regions. Furthermore, the market in Asia
Pacific is expected to expand at a CAGR of 5.5% during the
forecast period. In Asia Pacific, the regenerative thermal oxidizer (RTO)
market generated revenue worth US$ 809 Mn in 2020.
China and India are major countries contributing to the overall demand for
regenerative thermal oxidizers (RTO) in the region. The growing paints &
coating industry in key countries, including China, Japan, India, Australia,
and Indonesia is likely to offer lucrative opportunities to the regenerative
thermal oxidizer market in the upcoming years. The expansion of production
capacities by leading paint manufacturers in China and Japan is likely to push
the demand for RTOs during 2021-2031.
Regenerative Thermal Oxidizer (RTO) Market: Key Players
Key players operating in the global regenerative thermal
oxidizer (RTO) market are Anguil Environmental Systems, Inc., BD Group
Industries, LLC, Biothermica Technologies Inc., Catalytic Products
International, Inc., Condorchem Envitech, Gulf Coast Environmental Systems
(GCES), Nestec, Inc., The CMM Group, Ship & Shore Environmental, Inc., and
TKS Industrial Company.
Global Regenerative Thermal Oxidizer (RTO) Market:
Segmentation
Regenerative Thermal Oxidizer (RTO) Market, by Control
System
- Volatile
Organic Compounds (VOCs)
- Hazardous
Air Pollutants (HAPs)
- Odor
- Others
Regenerative Thermal Oxidizer (RTO) Market, by Industry
- Paint
& Coatings Production
- Petroleum
- Oil
& Gas
- Food
- Printing
- Chemicals
- Pharmaceutical
- Semiconductor
- Automotive
- Others
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Regenerative Thermal Oxidizer (RTO) Market, by
Distribution Channel
- Direct
Sales (OEM)
- Indirect
Sales
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