The global odor control agent market is projected to reach $3.5 billion by 2025, at a CAGR of 3.1% during 2020-2025. The growth of odor control agent market is driven by increasing industrialization in developing countries and increasing government regulation towards clean environment.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the odor control agent market by
application (water treatment, air purification, food and beverage processing,
and others), material type (activated carbon, bio-enzymes, and other chemicals),
product form (powder, liquid, granular, and others), and region (North America,
Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the odor control agent market?
Q.4 What are some
changing demands of customers in the odor control agent market?
Q.5 What are the new
developments in the odor control agent market? Which companies are leading
these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this odor control agent area and how big
of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this odor control agent market?
Emerging trends, which
have a direct impact on the dynamics of the industry, include use of odor
eliminator technology for sports clothing and equipment, and prosweet odor
control technology.
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Market Segmentation:
Based on material type, the
odor control agent market is segmented into activated carbon, bio-enzymes, and
other chemicals. The activated carbon segment accounted for the largest share
of the market in 2020 due to increasing demand for industrial and municipal
waste water treatment and bio-enzyme is expected to register the highest CAGR
during the forecast period due to increasing awareness to improve air quality
in commercial and residential communities.
Asia Pacific is expected
to be the largest region with the highest growth over the forecast period due
to rapid industrialization and expansion of chemical industries.
Key Players in the odor control
agent market are Ecolab, Calgon Carbon, Cabot, Fujian Yuanli Active Carbon,
Haycarb, Osaka, Novozymes, Kuraray, Ingevity, and Synthron.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/odor-control-agent-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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