October 3, 2018 - 5:18 AM EDT
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$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

  • GEA
  • Alfa Laval
  • SPX Flow
  • Sulzer
  • Core Laboratories
  • Pilodist
  • Anton Paar
  • Praj Industries
  • L&T Hydrocarbon Engineering
  • EPIC Modular Process Systems
  • Bfa Composite Systems
  • Bosch Packaging Technology

For more information about this report visit https://www.researchandmarkets.com/research/w9ls87/7_9_billion?w=4

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Related Topics: Laboratory Equipment

Source: Business Wire (October 3, 2018 - 5:18 AM EDT)

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