Global Odor Eliminator Market Expected to Grow at a CAGR of 4.9% Touching $11.15 Billion by 2022
"Bioenzymes Creating a Niche Within Growing Odor Eliminators Market": Infoholic Research
Bangalore, India, April 5, 2017 (Newswire.com) - With its recently published study “Odor Eliminator: Drivers, Opportunities, Trends & Forecast up to 2022”, Infoholic Research forecasts that the global market for odor eliminator will continue to increase owing to increasing penetration of odor eliminator in the underdeveloped and developing countries.
Activated charcoal, an air odor eliminator adsorbs the odor, thus eliminating the odor from the source, is mostly used in industrial applications. Increased industrialization in developing countries, supported by higher usage of activated charcoal in odor eliminator application, will expand its market in the developing countries. Implementation of stringent government regulations will further add to the market expansion at the global level. This pattern is expected to continue during the forecast period 2016–2022 to increase odor eliminator market with a CAGR of 4.9% reaching $11.15 billion by 2022.
"Air odor eliminator has basic property of eliminating the odor from the root cause. Activated charcoal being cheaper and having regeneration property is widely used in industries to control malodor. Bioenzymes products are budding, eco-friendly and premium range product, largely used in developed countries. Green and environment-friendly chemical trend is driving the market growth for them. Europe currently dominates the odor eliminator market owing to higher per capita income and increased usage of bioenzymes odor eliminator, however Asia Pacific is also growing fast.
Ankur Kalra, Research Manager, Chemicals and Materials.
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Filter based devices are contributing the most towards the odor eliminator market and comprise the largest segment of demand. This trend is expected to continue during the forecast period as well. The aerosol products segment is expected to grow fast at a CAGR of 5.9% during the forecast period 2016–2022, following the filter-based devices segment.
Several alternatives such as fragrances, which have odor masking technology are present in the market, which has led to increased competition for odor eliminator, especially in the corporate and residential buildings. Further, the relatively cheaper price of fragrance has led to increased usage in the less per capita income countries. However, the usage of fragrance is decreasing due to its limited and time bound efficiency, especially in fast developing and developed countries.
“Air odor eliminator has a basic property of eliminating the odor from the root cause. Activated charcoal being cheaper and having regeneration property is widely used in industries to control malodor. Bioenzymes products are budding, eco-friendly and premium range product, largely used in developed countries. Green and environment-friendly chemical trend is driving the market growth for them. Europe currently dominates the odor eliminator market owing to higher per capita income and increased usage of bioenzymes odor eliminator. However Asia Pacific is growing fast and would give competition in future,” said Ankur Kalra, Research Manager, Chemicals and Materials.
Read more:
@ https://www.infoholicresearch.com/report/odor-eliminator-market-trends-forecasts-upto-2022/
Key insights of the report
· Global odor eliminator market has been analyzed based on material
o Activated charcoal
o Bioenzymes
o Others (such as chemical, etc.)
· The market study has been categorized under product as
o Aerosol products
o Filter based devices
o Bars & cakes
o Others
· The study has a classification of application areas
o Industrial
o Commercial
o Residential
Industry outlook: market trends and drivers, restraints, and opportunities
Source: Infoholic Research