The vapor recovery units market will be
positively impacted by government regulations on reducing vapor toxicity in the
atmosphere during the forecast period. Every time a fuel tank is filled or an
operation is carried out at an oil and gas factory, toxic gasoline vapors are
released into the atmosphere. This has made governments across the world
intervene and instigate the installation of vapor recovery units across all
manufacturing units. For example, the United States has been estimated to
consume 392 million gallons of motor gasoline daily in 2018. This has caused an unprecedented release of vapor into the atmosphere, thus increasing
environmental toxicity. To combat this, the USA government has passed the Clean
Air Act in 1970 which has undergone several amendments since then. The Act has
been successful in removing atmospheric toxicity by implementing regulations
such as the removal of leaded gasoline in vehicles. The vapor recovery units market
size was valued at $801 million in 2018. The vapor recovery units market share
has been further estimated to grow with a CAGR of 4.5% during the forecast
period 2019-2025. Some of the vapor recovery units include soxhlet extraction,
reciprocating compressor, rotary screw compressor, and rotary vane compressor.
Europe Emerging As The Geographical Leader Of The Vapor Recovery Units Market
Vapor Recovery Units Market: Key Players
Companies that have made a noticeable impact in accentuating the growth of the vapor recovery units market are Carbovac, BORSIG Membrane Technology, John Zink Company, SYMEX Technologies, Aereon, HY-BON/EDI, Cool Sorption, VOCZero, Zeeco, Flogistix, Kappa Gi, and Kilburn Engineering.
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A. Vapor Deposition Market
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