$7.9 Billion Distillation Systems Market by Technique, Application, Operation, Component, Type, Process - Global Forecast to 2023 - ResearchAndMarkets.com
The "Distillation
Systems Market by Technique, Application, Operation, Component, Type,
Process, and Region - Global Forecast to 2023" report has been
added to ResearchAndMarkets.com's offering.
The distillation systems market is projected to grow at a CAGR of 5.1%,
to reach USD 7.91 billion by 2023
Increasing demand for distilled spirits, distilled water, and crude oil
are creating the demand for distillation systems in the market.
Petrochemical refineries and alcoholic beverages are the two dominant
application segments of the distillation systems market, for which the
growth has increased significantly since the last decade. The scarcity
of water is a major factor fueling demand for distillation units
globally in the water treatment application. Growth of the manufacturing
sector in developing countries is further fueling the distillation
systems market growth. However, adoption of alternative technologies due
to higher energy consumption in the process is projected to restrain the
market growth of distillation systems.
The column shell segment is the cost dominant component in the
distillation systems due to the use of various expensive materials in
the construction and design. Hence, the column shell segment is
estimated to dominate the market in 2018. Column shells that are
designed to function under the atmospheric pressure are comparatively
less expensive than systems with thick column shells that are designed
to perform under high pressure. The thickness of the column shell
determines the amount of pressure that can be regulated within the
system. The chemical industry is among the major consumers of
distillation systems with thicker column shells and binary columns. This
helps them regulate the chemical compounds under pressure and achieve
the desired results.
Vacuum distillation technique minimizes the chances of decomposition of
components that are present in the mixture. This technique is an
energy-efficient process and reduces energy consumption for heating and
cooling of the mixture. Due to these factors, vacuum distillation is
commonly used in industries such as essential oils, perfumes, petroleum
refineries, and petrochemicals.
Biorefineries are using the distillation technique for the production of
biofuels, such as bioethanol, biokerosene, biodiesel, biobutanol, and
bio-oil from biomass, which include plants and agricultural wastes. The
depleting sources of conventional fuels are increasing the demand for
alternative fuels. Due to this reason, the biorefinery industry is
projected to gain significant market attention across regions.
Continuous distillation is used for large-scale separation processes and
is extensively used in the petroleum, oil, and chemical industries. This
operation is largely used due to its high energy efficiency and high
output as compared to batch operation.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Distillation Systems Market, By Component
7 Distillation Systems Market, By Technique
8 Distillation Systems Market, By Type
9 Distillation Systems Market, By Application
10 Distillation Systems Market, By Operation
11 Distillation Systems Market, By Process
12 Distillation Systems Market, By Region
13 Competitive Landscape
14 Company Profiles
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GEA
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Alfa Laval
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SPX Flow
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Sulzer
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Core Laboratories
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Pilodist
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Anton Paar
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Praj Industries
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L&T Hydrocarbon Engineering
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EPIC Modular Process Systems
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Bfa Composite Systems
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Bosch Packaging Technology
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