Market Overview:
The global thermal oxidizer flares market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for petrochemical products and refinery products, globally. In addition, the stringent environmental regulations for emissions are also driving the demand for thermal oxidizer flares systems in various industries. Based on type, the global thermal oxidizer flares market is segmented into single point thermal oxidizer flares and multi-point thermal oxidizer flares. Single point Thermal Oxidizers Flares are more common as they can be used with smaller flare stacks and have lower capital costs as compared to Multi-Point Thermal Oxidizers Flares. However, Multi-Point Thermal Oxidizers Flares offer better destruction efficiency than Single Point Thermal Oxidizers Flares and are hence preferred in large industrial applications such as refineries and petrochemical plants where high destruction efficiencies are required. Based on application, the global thermal oxidizer flares market is segmented into petrochemical plant, refinery, chemical plant and others (including mining & metals processing plants). Petrochemical plant accounted for majority of the share in 2017 owing to high production of polymers across regions such as North America & Europe coupled with stringent environmental regulations mandating use of flaring systems in order to minimize air pollutant emissions from these facilities .
Product Definition:
A thermal oxidizer flare is a piece of equipment used to incinerate waste gases. The importance of thermal oxidizer flares is that they help keep the air clean by incinerating harmful gases.
Single Point Thermal Oxidizer Flares:
Single point thermal oxidizer flares are used to prevent the oxidation of fuel in pipelines. It is also used for detecting leaks in storage tanks and processing plants. The product is available with different sizes, which help operators choose a solution that best suits their requirements.
The market has witnessed significant growth over the past few years owing to increasing demand from various application areas such as petrochemical, oil & gas and power generation industries coupled with technological advancements by key players operating in this sector.
Multi-point Thermal Oxidizer Flares:
Multi-point thermal oxidizer flares are used in thermal oxidizer flaring operations. They consist of a number of tubes connected by flexible hoses or nozzles, which allow the fluid to flow from one point to another at different pressures and temperatures. The multi-point type allows more flexibility in the design as compared to single point type.
Application Insights:
The others application segment includes food and beverage, pharmaceutical, cosmetics and tobacco. The demand for GHTO in these industries is expected to increase as it helps in eliminating harmful by-products from the process along with providing superior heat treatment services.
Petrochemical plants are anticipated to dominate the global industry over the forecast period owing to its ability to provide high purity hydrogen gas while simultaneously eliminating toxic gases such as carbon dioxide and nitrogen oxide. Petrochemical plants are widely utilized across various end-use industries including paints & coatings, lubricants & greases, plastics & polymers manufacturing which further boosts product demand globally.
Regional Analysis:
Asia Pacific regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The presence of major petrochemical players such as Sinopec and PTT Public Company Limited, Thailand, has resulted in increased demand for flaring solutions in China. In addition, growing industrialization coupled with increasing infrastructure activities is likely to drive the growth of this region.
The Middle East & Africa (MEA) region is anticipated to witness significant growth over the forecast period owing to rising oil production mainly from Saudi Arabia and UAE along with other countries such as Kuwait, Oman and Qatar.
Growth Factors:
- Increasing demand for thermal oxidizer flares from the oil and gas industry to comply with stringent environmental regulations.
- Growing demand for thermal oxidizer flares in the chemical processing and incineration industries.
- Rising investments in infrastructure development projects across the globe.
- Increasing adoption of thermal oxidizer flares in municipal solid waste (MSW) incineration plants to reduce greenhouse gas emissions5
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Oxidizer Flares Market Research Report
By Type
Single Point Thermal Oxidizer Flares, Multi-point Thermal Oxidizer Flares
By Application
Petrochemical Plant, Refinery, Chemical Plant, Others
By Companies
ZEECO, HiTemp Technology, John Zink Hamworthy, Parnel BioGas Inc, LFG Technologies, Aereon, Perennial Energy, Baker Furnace, CRA, Cimarron
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Oxidizer Flares Market Report Segments:
The global Thermal Oxidizer Flares market is segmented on the basis of:
Types
Single Point Thermal Oxidizer Flares, Multi-point Thermal Oxidizer Flares
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Petrochemical Plant, Refinery, Chemical Plant, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ZEECO
- HiTemp Technology
- John Zink Hamworthy
- Parnel BioGas Inc
- LFG Technologies
- Aereon
- Perennial Energy
- Baker Furnace
- CRA
- Cimarron
Highlights of The Thermal Oxidizer Flares Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Point Thermal Oxidizer Flares
- Multi-point Thermal Oxidizer Flares
- By Application:
- Petrochemical Plant
- Refinery
- Chemical Plant
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thermal Oxidizer Flares Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Thermal oxidizer flares are a type of fire that can be caused by the burning of jet fuel or other combustible material in an oxygen-rich atmosphere. The heat from the flames can cause the air to become explosively hot, which in turn causes pieces of metal to ignite and create a thermal oxidizer flare.
Some of the key players operating in the thermal oxidizer flares market are ZEECO, HiTemp Technology, John Zink Hamworthy, Parnel BioGas Inc, LFG Technologies, Aereon, Perennial Energy, Baker Furnace, CRA, Cimarron.
The thermal oxidizer flares market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermal Oxidizer Flares Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Thermal Oxidizer Flares Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Thermal Oxidizer Flares Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Thermal Oxidizer Flares Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Thermal Oxidizer Flares Market Size & Forecast, 2020-2028 4.5.1 Thermal Oxidizer Flares Market Size and Y-o-Y Growth 4.5.2 Thermal Oxidizer Flares Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single Point Thermal Oxidizer Flares
5.2.2 Multi-point Thermal Oxidizer Flares
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Petrochemical Plant
6.2.2 Refinery
6.2.3 Chemical Plant
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermal Oxidizer Flares Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thermal Oxidizer Flares Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single Point Thermal Oxidizer Flares
9.6.2 Multi-point Thermal Oxidizer Flares
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Petrochemical Plant
9.10.2 Refinery
9.10.3 Chemical Plant
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single Point Thermal Oxidizer Flares
10.6.2 Multi-point Thermal Oxidizer Flares
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Petrochemical Plant
10.10.2 Refinery
10.10.3 Chemical Plant
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single Point Thermal Oxidizer Flares
11.6.2 Multi-point Thermal Oxidizer Flares
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Petrochemical Plant
11.10.2 Refinery
11.10.3 Chemical Plant
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single Point Thermal Oxidizer Flares
12.6.2 Multi-point Thermal Oxidizer Flares
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Petrochemical Plant
12.10.2 Refinery
12.10.3 Chemical Plant
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single Point Thermal Oxidizer Flares
13.6.2 Multi-point Thermal Oxidizer Flares
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Petrochemical Plant
13.10.2 Refinery
13.10.3 Chemical Plant
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Thermal Oxidizer Flares Market: Competitive Dashboard
14.2 Global Thermal Oxidizer Flares Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ZEECO
14.3.2 HiTemp Technology
14.3.3 John Zink Hamworthy
14.3.4 Parnel BioGas Inc
14.3.5 LFG Technologies
14.3.6 Aereon
14.3.7 Perennial Energy
14.3.8 Baker Furnace
14.3.9 CRA
14.3.10 Cimarron