According to the report, the global dust suppression control industry generated $8.5 billion in 2020, and is expected to generate $13.4 billion by 2030, manifesting a CAGR of 4.7% from 2021 to 2030.
Drivers, Restraints, and Opportunities
Strict regulations regarding safe dust levels in mining and quarry environment, strategies adopted for suppression of dust in construction sites, and increase in usage of dust control measures fuel the growth of the global dust suppression control market. However, lack of unawareness regarding products restrains the market growth. Contrarily, increase in awareness regarding chemical-based dust suppressants creates new opportunities in the coming years.
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- Owing to lockdown restrictions during the Covid-19 pandemic, there have been disruptions in construction and mining activities. This reduced the demand for dust suppression chemicals significantly. However, the demand is projected to rise steadily post-lockdown.
- Moreover, new building and road construction projects have been put on hold. Moreover, new mineral deposit exploration and complex developments in mining have been halted due to lack of workforce and lockdown restriction. This impacted the sales of dust suppression products.
The polymeric emulsions segment to maintain its lead position during the forecast period
On the basis of chemical, the polymeric emulsions segment accounted for the highest share in 2020, contributing to around two-fifths of the global dust suppression control market, and is estimated to maintain its lead position during the forecast period. This is attributed to high demand for superior bonding and stabilization for lasting performance. However, the magnesium chloride segment is expected to manifest the highest CAGR of 5.4% from 2021 to 2030, owing to ease in availability and low cost.
The road construction segment to offer lucrative opportunities
Based on end-use industry, the road construction segment is projected to portray the highest CAGR of 5.3% from 2021 to 2030. Moreover, this segment contributed to the highest share in 2020, accounting for more than one-fourth of the global dust suppression control market, and is expected to maintain its leadership status during the forecast period. This is attributed to new road projects and maintenance of existing roads that drive the demand for dust suppressants.
Asia-Pacific, followed by North America, to maintain its dominant share by 2030
Based on region, Asia-Pacific, followed by North America, held the highest share in 2020, accounting for more than two-fifths of the global dust suppression control market, and is estimated to maintain its dominant share by 2030. Moreover, this region is expected to portray the largest CAGR of 5.5% during the forecast period. This is due to increase in construction and mining activities in countries such as India and China. The research also analyzes regions including North America, Europe, and LAMEA.
Leading Market Players
- Benetech, Inc.
- Cargill Inc.
- Ecolab Inc.
- COLAS Group
- Reynolds Soil Technologies Pty Ltd.
- Global Road Technology International Holdings
- Solvay SA
- Tetra Technologies
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