(EMAILWIRE.COM, August 21, 2024 ) Distillation System Market size is expected to reach nearly US$ 11.20 Bn by 2030, from USD 7.8 Bn in 2023 with a CAGR of 5.3% during the forecast period.
Europe is expected for favorable industrial policies and the presence of manufacturers in the country drives the market growth for stills, pots, columns, and turnkey projects in Europe. Economies such as the UK, France, Italy, Spain, and Russia are among the major because of the large number of market players in the beverage, chemicals, and cosmetics industries.
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Increase in demand for distilled water, and crude oil, distilled spirits are drive the growth of 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 since the last decade.
Distillation System Market Segmentation
by Component
1. Column shells
2. Plates & packings
3. Reboilers & heaters
4. Condenser
by Technology
1. Fractional
2. Steam
3. Vacuum
4. Multiple-effect (MED)
by Type
1. Column still
2. Pot still
by Industry
1. Petroleum & bio-refinery
2. Water treatment
3. Food
4. Beverage
5. Pharmaceuticals
6. Cosmetics
7. Chemicals
by Operation
1. Continuous
2. Batch
by Process
1. Multicomponent
2. Binary
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Distillation System Market Key Players:
1. GEA
2. Alfa Laval
3. SPX FLOW
4. Sulzer
5. Core Laboratories
6. PILODIST
7. Anton Paar
8. Praj Industries
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