Persistence Market Research presents a detailed analysis and market outlook of the global dust control market for the period 2016–2024 in a recently published report. The primary objective of the report is to provide updates on market opportunities in the global dust control market.
The report is categorically divided into three sections namely – by system type, by application type, and by region – and provides in-depth analysis of the global dust control market in terms of market value and volume.
The report starts with an overview of the global dust control market. This section includes an in-depth analysis of key trends, drivers, and restraints from the supply and demand perspective. Impact analysis of key growth drivers and restraints based on the weighted average model are included in the report to better equip and arm clients with useful insights for better decision making. The subsequent sections analyze the market on the basis of system type, application type, and region; and present the forecast in terms of volume and value for the next eight years.
The final section of the report includes a detailed competitive landscape of the global dust control market to provide report audiences with a dashboard view of leading market players based on categories of providers across the value chain, their presence in the dust control product portfolio, and key differentiators.
To deduce market size, the report considers the average selling price of various types of dust control systems across geographies. Furthermore, data points such as regional split and market split by application and process; and qualitative inputs from primary respondents have been incorporated to arrive at suitable market estimates. The forecast presented in the report evaluates the total revenue that is expected to be generated across the dust control market over the forecast period (2016–2024). For developing the market forecast, the report begins with sizing up the current market, which forms the basis for forecasting how the market is anticipated to take shape during the forecast period. The report triangulates data on the basis of various analysis based on both supply side and demand side. However, quantifying the market across the various segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them at the end of the forecast period.
The report presents forecasts not only in terms of CAGR, but also analyzes the market on the basis of key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities. The segments and sub-segments of the global dust control market have been analyzed in terms of Basis Point Share (BPS) to understand the individual segments’ relative contribution to market growth. This detailed level of information is important to identify key trends impacting the global dust control market. Another important feature of this report is the market revenue forecast in terms of absolute dollar opportunity, which is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from a sales perspective. In order to understand key growth segments in terms of growth and performance of the dust control market at a global level, Persistence Market Research has also developed a market Attractiveness Index to help providers identify real market opportunities.
Some of the major market players featured in the report include Global Road Technology, Quaker Chemical Corporation, Donaldson Company, Inc., Nederman Holding AB, Camfil, JKF Industri A/S, Beltran Technologies, Inc., and Sly Environmental Technology Ltd.
The global dust control market is estimated to account for US$ 17.41 Bn in terms of value by the end of 2024, expanding at a CAGR of 3.6% during the forecast period (2016–2024). Global sales of dust control systems is estimated to be valued at US$ 12.3 Bn by the end of 2016, up 2.9% Y-o-Y. The mining sector is expected to account for bulk of the demand in the dust control market by the end of 2016. Of all the global markets, North America is estimated to account for the largest market share of 28.2% in 2016 and is expected to expand at a value CAGR of 2.3%.
Global demand for dust control systems is fueled by several key factors such as – growth of mineral processing industries in India, infrastructural development activities such as road construction, high rise constructions etc., and national policies and regulations mandating the use of dust control systems at locations vulnerable to fugitive dust. However, lack of strict policies and weak mandates to control dust in some of the developing nations are factors anticipated to adversely hamper growth of the dust control market in certain markets across the globe over the forecast period.
Companies across the globe are emphasizing on providing customized products as per requirement. With the rise in awareness and responsibility to prevent dust, use of dust control equipment has increased manifold across many industries and activities and there is an increase in the demand for dust control equipment with customized specifications.
Segmentation-wise market forecast
The global dust control market is segmented on the basis of System Type (Dry Type Dust Control System, Wet Type Dust Control System); and on the basis of Application Type (Chemical & Processing, Construction, Mining, Power & Utilities, Oil & Gas, Pharmaceuticals, Others (Food, Metal & Finishing)).
In terms of value, the Wet Type dust control system segment is expected to expand at a relatively high CAGR over the forecast period, attributed to increasing use of wet type dust control systems in energy and power industries. The Wet Type dust control segment is estimated to be valued at US$ 12.05 Bn in 2016 and is expected to witness increase in Y-o Y growth rates ranging from 2.9% to 4.3% over the forecast period, registering a CAGR of 4.5%. The Dry Type dust control system segment is estimated to be valued at US$ 223.1 Mn by 2016, expanding at a CAGR of 4.1% over the forecast period. The Construction segment is estimated to account for a revenue share of 25.0% in 2016 (estimated to be valued at US$ 2.1 Bn in 2016) and is expected to expand at a CAGR of 4.9% in terms of value over the forecast period. The Mining segment is projected to witness Y-o-Y growth rates ranging from 2.9% to 4.2% over the forecast period and is slated to exhibit a CAGR of 4.4%.
The global dust control market is segmented on the basis of Region into Asia Pacific Excluding Japan (APEJ), North America, Western Europe, Latin America, Eastern Europe, Middle East & Africa, and Japan. In terms of value, the APEJ market is estimated to account for 23.5% revenue share by 2016. The dust control market in APEJ is expected to witness Y-o-Y growth rates ranging from 2.6% to 4.4%, registering a CAGR of 4.5% in terms of value over the forecast period. The Western Europe dust control market is projected to expand at a CAGR of 4.6% over the forecast period.
Top market players
Some of the leading companies operating in the global dust control market are Global Road Technology, Quaker Chemical Corporation, Donaldson Company, Inc., Nederman Holding AB, Camfil, JKF Industri A/S, Beltran Technologies, Inc., and Sly Environmental Technology Ltd.