According to a market report by Lucintel, the future of the global distillation random packing market looks promising with opportunities in the petrochemical industry, fine chemical industry, petroleum industry, food & beverage, pharmaceutical, water treatment, and environment & emission markets. The global distillation random packing market is expected to reach an estimated $1.4 billion by 2030 from $1.0 billion in 2024,at a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are growing need for distillation methods across a range of sectors, including petrochemicals, chemicals, and oil & gas, rising use of green technology and the emphasis on renewable energy sources, along with the increasing focus on sustainability and energy efficiency.
A more than 150-page report to understand trends, opportunity and forecast in distillation random packing market to 2030 by type (metal packings, plastic packings, and ceramic packings), application (petrochemical industry, fine chemical industry, petroleum industry, food & beverage, pharmaceuticals, water treatment, environment & emissions, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that plastic packing segment will remain the largest segment over the forecast period due to the versatility and cost-effectiveness of plastic distillation random packing promotes demand.
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APAC will remain the largest region over the forecast period due to the expanding industries and industrialization, such as petrochemicals, chemicals, and refining, as well as, growing industrial activity in the area and the need for higher-quality products with higher output.
Sulzer, Koch-Glitsch, Raschig, RVT Process Equipment, HAT International, Sumitomo Heavy Industries, Montz, Haiyan New Century, Zehua Chemical Engineering, Tianjin Univtech, GTC Technology are the major suppliers in the distillation random packing market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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