The growing industrialization and rapid urbanization, growth in the petrochemical and refinery industry, adoption of alternative technology to combat energy consumption is the key factors contributing to the growth of the market during the forecast period.
Distillation systems Market Size – USD 6.15 Billion in 2018, Growth - CAGR of 4.99%, Trends –The preference for reactive distillation, rise in demand and regulatory rigor for pure form products
According to the current analysis of Reports and Data, the global Distillation systems market was valued at USD 6.15 Billion in 2018 and expected to reach USD 8.65 Billion by the year 2026, at a CAGR of 4.99%. The rise in the demand in regulatory rigor for pure form products and growing awareness regarding water wastewater treatment are the key factors fueling industry growth. However, the adoption of alternative technologies owing to higher energy consumption in the process is hampering the industry growth. Besides, the growth of the manufacturing sector in developing countries is providing ample opportunities.
While global oil demand remains stable, a growing number of oilfields are reaching maturity as they categorized by higher volumes of free and emulsified water in oil blends. As a result, the effective abstraction of unwanted water from crude oil is vital for onshore and offshore processing facilities. To support the upstream sector and address these challenges, Sulzer Chemtech (Switzerland), a key player in separation and mixing technology, has developed a solution that enhances separation performance. Sulzer’s VIEC is an electrostatic coalesce equipped with fully insulated electrodes. It can be fitted in new separators or retrofitted in existing vessels and forms a cross-sectional wall that forces emulsions through a high-voltage electrical field. As a result, while gas leaves the separator from the top, the water droplets merge and fall to the bottom of the separator. At the same time, oil flows through the vessel for subsequent processing.
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Top Companies: GEA (Germany), Alfa Laval (Sweden), SPX FLOW (US), Sulzer (Switzerland), Core Laboratories (Netherlands), PILODIST (Germany), Anton Paar (Austria), Praj Industries (India), LT Hydrocarbon Engineering (India), EPIC Modular Process Systems (US), BÜFA Composite System (Germany), and Bosch Packaging Technology (Germany).
Further key findings from the report suggest:
For the purpose of this report, Reports and Data has segmented the Distillation system market based on
Based on application, the distillation systems market is categorized into water treatment, food, petroleum biorefineries, beverages, pharmaceuticals, cosmetics, and chemicals. Of the various applications, the beverages segment and is projected to witness the fastest growth due to the high growth of the alcoholic beverage industry.
The distillation systems industry, based on technique, is segmented into steam, vacuum, fractional, multiple-effect (MED), and others. The vacuum sector is projected to grow at the highest CAGR among all these techniques. This technique is commonly used in the separation of components, where chances of decomposition are high due to changes in temperature and pressure.
The Asia Pacific market has seen healthy growth in the market. The Asian subcontinent is an evolving industry, which is developing at a rapid pace. Desalination requirements, high consumption of alcoholic beverages, and the growing capacity for industrial growth expected to have positive growth prospects in the region. Countries such as India, South Korea, China, Australia, and Japan are among the key business hubs in the area. Distillation system manufacturers are mainly focusing on enlarging their presence in the Asia Pacific market through new product developments and expansions to strengthen their position. The growing RD activities by governments as well as private organizations in the region and projected to drive the industry growth.
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Market Segmentation:
Component (Revenue, USD Million; 2016–2026)
- Column shells
- Plates packings
- Reboilers heaters
- Condenser
- Others (reflux drums, pumps, and vacuum systems)
Technology (Revenue, USD Million; 2016–2026)
- Fractional
- Steam
- Vacuum
- Multiple effect (MED)
- Others (simple, membrane, azeotropic, and molecular)
Type (Revenue, USD Million; 2016–2026)
- Column still
- Pot still
Industry (Revenue, USD Million; 2016–2026)
- Petroleum biorefinery
- Water treatment
- Food
- Beverage
- Alcoholic
- Non-alcoholic
- Pharmaceuticals
- Cosmetics
- Chemicals
Operation (Revenue, USD Million; 2016–2026)
- Continuous
- Batch
Process (Revenue, USD Million; 2016–2026)
- Multicomponent
- Binary
Regional Outlook:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Key questions covered in the global Distillation Systems Market report:
- What is the expected market size of the global Distillation Systems Market during the forecast period?
- What factors are expected to hamper global Distillation Systems Market growth over the forecast period?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Distillation Systems Market?
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