Market Overview:
The global industrial fractionating columns market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for petrochemicals and renewable fuels, and the growing pharmaceutical industry. In terms of type, the distillation segment is expected to lead the global industrial fractionating columns market during the forecast period. This segment is projected to grow at a CAGR of 6% from 2018 to 2030. The extraction segment is projected to grow at a CAGR of 4% from 2018to 2030.
Product Definition:
An industrial fractionating column is a piece of equipment used in the chemical and petrochemical industries to separate vaporized mixtures into their component parts, or fractions. The importance of industrial fractionating columns is that they allow for the separation of compounds based on differences in boiling point, which would not be possible using simple distillation.
Distillation:
Distillation is a process of separating the liquid phase from the gas by vaporization at boiling point. The liquid that is left behind after distillation is called as residue. In industrial fractionating columns, there are two processes involved namely; adsorption and distillation. In adsorption, impurities are removed from a feed stream by chemical reaction with an adsorbent such as activated carbon or zeolite.
Extraction:
Extraction is the process of obtaining a solid or gaseous product from a liquid by separating it from the liquid. In an industrial fractionating column, there are two types of extractors namely top and bottom extractors. Top extractsor is mounted on the top of tower and bottom extractsor is mounted at the base of tower.
Application Insights:
The general chemical production application segment led the global market in 2017 and is projected to continue its dominance over the forecast period. General chemicals include various types of organic and inorganic chemicals used across several industries for manufacturing a wide range of products including pharmaceuticals, paints & coatings, adhesives & sealants, agricultural chemicals, lubricants/diesel fuels, cosmetics/toiletries and many more.
Extraction processes such as crude oil refining or natural gas processing require fractionating columns for efficient separation of liquids from solids or gases. The rising need to optimize plant output with higher efficiency is expected to drive the demand for these units over the coming years. Fractionating columns are widely used across petrochemical plants due to their ability to maximize productivity by enabling high purity outputs while minimizing costs associated with re-processed materials along with reducing environmental pollution during purification processes.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Malaysia. These countries are rapidly expanding their industrial sector owing to increasing demand from end-use industries such as food processing and pharmaceuticals. This has resulted in a significant increase in capital investments by multinational companies for manufacturing various products using crude chemicals or renewable feedstock across these developing nations of Asia Pacific.
The Middle East & Africa segment is anticipated to witness substantial growth over the forecast period owing to rising oil production activities across major crude oil fields of Saudi Arabia (Souris), Kuwait (Kuwait Field) and Iran (Golestan). In addition, growing petroleum refining capacities across major African nations such as Nigeria, South Africa and Egypt are also likely boost product demand over the coming years.
Growth Factors:
- Increasing demand for specialty chemicals: The global industrial fractionating columns market is expected to grow at a CAGR of 5.5% from 2017 to 2025, owing to the increasing demand for specialty chemicals across various industries.
- Growing investments in R&D: Fractionating column manufacturers are investing heavily in R&D activities to develop new and innovative products that can cater to the specific needs of different industries. This is likely to boost the growth of the market during the forecast period.
- Rising popularity of green chemistry: The use of fractionating columns in green chemistry is gaining popularity due to their ability to produce high-quality products while minimizing environmental impact. This is likely fuel the growth of the market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Fractionating Columns Market Research Report
By Type
Distillation, Extraction
By Application
General Chemical Production, Petrochemicals, Renewable Fuels, Pharmaceutical, Food Processing, Mining, Others
By Companies
B&W, IDESA, Larsen & Toubro, Morimatsu, Sumitomo Heavy Industries, TOYO Engineering, B&W
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Fractionating Columns Market Report Segments:
The global Industrial Fractionating Columns market is segmented on the basis of:
Types
Distillation, Extraction
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
General Chemical Production, Petrochemicals, Renewable Fuels, Pharmaceutical, Food Processing, Mining, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- B&W
- IDESA
- Larsen & Toubro
- Morimatsu
- Sumitomo Heavy Industries
- TOYO Engineering
- B&W
Highlights of The Industrial Fractionating Columns Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Distillation
- Extraction
- By Application:
- General Chemical Production
- Petrochemicals
- Renewable Fuels
- Pharmaceutical
- Food Processing
- Mining
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Fractionating Columns Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial fractionating columns are used in chemical and petroleum refining to separate different fractions of a mixture. The column is divided into several sections, each with a specific function. The first section separates the liquid from the solid by using pressure and temperature. The second section uses a rotating disk to break down larger molecules into smaller ones. This process is called fractional distillation, and it's what allows chemists to create different types of chemicals from crude oil or other substances.
Some of the major companies in the industrial fractionating columns market are B&W, IDESA, Larsen & Toubro, Morimatsu, Sumitomo Heavy Industries, TOYO Engineering, B&W.
The industrial fractionating columns market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Fractionating Columns Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Industrial Fractionating Columns Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Industrial Fractionating Columns Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Industrial Fractionating Columns Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Industrial Fractionating Columns Market Size & Forecast, 2020-2028 4.5.1 Industrial Fractionating Columns Market Size and Y-o-Y Growth 4.5.2 Industrial Fractionating Columns Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Distillation
5.2.2 Extraction
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 General Chemical Production
6.2.2 Petrochemicals
6.2.3 Renewable Fuels
6.2.4 Pharmaceutical
6.2.5 Food Processing
6.2.6 Mining
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Fractionating Columns Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Fractionating Columns Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Distillation
9.6.2 Extraction
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 General Chemical Production
9.10.2 Petrochemicals
9.10.3 Renewable Fuels
9.10.4 Pharmaceutical
9.10.5 Food Processing
9.10.6 Mining
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Distillation
10.6.2 Extraction
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 General Chemical Production
10.10.2 Petrochemicals
10.10.3 Renewable Fuels
10.10.4 Pharmaceutical
10.10.5 Food Processing
10.10.6 Mining
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Distillation
11.6.2 Extraction
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 General Chemical Production
11.10.2 Petrochemicals
11.10.3 Renewable Fuels
11.10.4 Pharmaceutical
11.10.5 Food Processing
11.10.6 Mining
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Distillation
12.6.2 Extraction
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 General Chemical Production
12.10.2 Petrochemicals
12.10.3 Renewable Fuels
12.10.4 Pharmaceutical
12.10.5 Food Processing
12.10.6 Mining
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Distillation
13.6.2 Extraction
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 General Chemical Production
13.10.2 Petrochemicals
13.10.3 Renewable Fuels
13.10.4 Pharmaceutical
13.10.5 Food Processing
13.10.6 Mining
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Fractionating Columns Market: Competitive Dashboard
14.2 Global Industrial Fractionating Columns Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 B&W
14.3.2 IDESA
14.3.3 Larsen & Toubro
14.3.4 Morimatsu
14.3.5 Sumitomo Heavy Industries
14.3.6 TOYO Engineering
14.3.7 B&W