Dry Flue Gas Desulfurization System Market Analysis

Application (Power Plants, Cement, Chemical & Petrochemical, Metal Processing & Mining, Manufacturing, Others)

The power plant application segment in the dry flue gas desulfurization system market is poised to account for a dominant share of 68.2% by the end of the forecast period. The segment’s growth is owed to large-scale sulfur dioxide (So2) emissions from power plants that have pushed for the adoption of dry FGD solutions. Another growth driver of the segment is the rising global awareness of the health impacts of air pollution resulting in stricter enforcement of environmental regulations. These trends have pushed power plants to adopt dry FGD solutions to cap SF2 emissions boosting the segment’s growth. Dry FGD systems are effective for power plants owing to low water consumption and compact design.

Additionally, a market opportunity within the segment is retrofitting existing power plants which opens lucrative opportunities for dry flue gas desulfurization system market players. For instance, in August 2022, Power Mech Projects Limited announced that it had acquired 5 FGD projects worth USD 73.5 million from the Adani Group.

The cement segment in the dry flue gas desulfurization system market is poised to increase its revenue share by the end of the forecast period. The growth of the segment is attributed to high levels of sulfur dioxide emissions in cement manufacturing. Dry FGD solutions in cement plants reduce sulfur dioxide and also contribute to the production of FGD gypsum, which is widely used in cement manufacturing as a substitute for natural gypsum. This provides an additional economic benefit to cement plans in integrating dry FGD solutions boosting the segment’s growth. Additionally, stringent regulations to cut down greenhouse gas emissions are prompting industries to retrofit FGD solutions in cement plants and adapt them in the construction of new plants.

The chemical and petrochemical segment is projected to register steady growth during the forecast period. The segment’s growth curve is owed to high levels of sulfur dioxide emissions during industrial processes such as chemical production, oil refining, waste incineration, and gas operations. Dry FGD solutions are in high demand in this segment owing to their use in arid regions with the scarcity of water.

Additionally, the ease of installation makes it cost-effective to retrofit the systems to aging petrochemical plants. The increasing expansion projects of petrochemical plants are poised to maintain the demands for dry FGD solutions. For instance, in July 2023, McDermott International was awarded a contract for the Naphtha Cracker Expansion (Phase II) polypropylene expansion and new ethylene derivative unit project from the Indian Oil Corporation Limited (IOCL), and the project is poised to increase ethylene production capacity of the cracker unit by 20%

Our in-depth analysis of the dry flue gas desulfurization system market includes the following segments: