Regenerative thermal oxidizer (RTO) is an industrial equipment which is primarily used to treat the exhaust air coming out of mills and factories. RTO is designed to reduce the lean waste gases in a very efficient way. RTO helps to destroy volatile organic compounds (VOCs), hazardous air pollutants, halogenated organic compound, contaminants, and odorous emission discharged after various industrial or manufacturing processes.
The demand for RTO has increasing rapidly due to its contribution towards safety of environment. Environmental safety concern is increasing worldwide due to a rise in industrial activities, which is expected to be a major growth driver for the RTO market. Also, law in countries such as Germany makes it mandatory to use these equipment in municipal waste treatment facilities such as mechanical biological treatment plants.
The global regenerative thermal oxidizers market is estimated to grow at a CAGR of xx.xx% in terms of value from 2017 to 2022. In terms of value the market recorded a consumption of USD xx.xx million/billion in 2016 and is expected to reach USD xx.xx million/billion by 2022 growing at a CAGR of xx.xx% in between 2017 to 2022. North America recorded the highest consumption of regenerative thermal oxidizers in 2016 and will continue to follow similar trend due to developed industries and advanced technologies in North America region. Due to high initial cost set-up and high maintenance, market share of RTO in emerging countries is slightly restricted.
The market has been segmented on basis of end-use industries such as chemical, automotive, coating, composites/carbon fiber, electronic/semiconductors, food/bakery, and others. Others category includes metal decorating, petroleum refining, pharmaceuticals, printing/lamination, remediation, and rubber curing. Chemical end-use industries held the largest share in 2016 owing to the diversified and necessary usage of RTO in various chemical plants such as purified terephthalic acid plant, mdi production plant , formaldehyde production, and so on in emerging markets such as Asia-Pacific.
An in-depth market share analysis, in terms of revenue, of the top companies is also included in the report. These numbers are arrived at based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts and key opinion leaders such as CEOs, directors, and marketing executives. A detailed market share analysis of the leading players in the global regenerative thermal oxidizers market has been covered in this report. The key companies in this market include Anguil Environmental Systems, Inc. (U.S.) NESTEC (U.S.), Kono Kogs, Inc. (U.S.), Formia Emissions Control Oy (Finland), Chemisch Thermische Prozesstechnik GmbH (Austria), Tecam Group (Spain), Oxidizers, Inc. (U.S.), Process Combustion Ltd. (U.K.), Biothermica Technologies Inc. (Canada), Catalytic Products International (U.S.), The CMM Group, LLC (U.S.), Colt Technologies, Inc. (U.S.) and others.
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