Distillation Packings Market Will Expand at 4.4% CAGR to Hit 700 Million US$ by 2025: QY Research, Inc.
Los Angeles, CA -- (SBWire) -- 04/12/2019 --Distillation packings refer to a range of specially designed materials for use in packed column. Packed column utilize packing to contact between the phases (liquid-vapor) on the surface.
China, North America and Europe are the key market for distillation packings, these three regions occupied about 88.67% production share in 2018.
As for the consumption, the three regions are also major consumers. In 2018, about 78.78% distillation packings were consumed in those three regions.
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There are three main types in distillation packings industry: metal packings, plastic packings and ceramic packings. According to its appearance, the packings can also be divided into random type, structured type and grid type. Each type has its own characteristics and advantages.
The global Distillation Packings market was 520 million US$ in 2018 and is expected to 700 million US$ by the end of 2025, growing at a CAGR of 4.4% between 2019 and 2025.
This report studies the Distillation Packings market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Distillation Packings in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Sulzer
Koch-Glitsch
Raschig
RVT Process Equipment
HAT International
Sumitomo Heavy Industries
Montz
Haiyan New Century
Zehua Chemical Engineering
Tianjin Univtech
GTC Technology US
Matsui Machine
Lantec Products
Kevin Enterprises
Boneng
Jiangxi Xintao Technology
By the product type, the market is primarily split into
Metal Packings
Plastic Packings
Ceramic Packings
By the end users/application, this report covers the following segments
Petrochemical Industry
Fine Chemical Industry
Petroleum Industry
Others
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