The Reports and Insights, a leading market research company, has recently releases report titled “Stripping Column Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Stripping Column Market Trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Stripping Column Market?
The stripping column market is expected to grow at a CAGR of 6.2% during the forecast period of 2024 to 2032.
What are Stripping Column?
A stripping column is a vertical tower utilized in chemical processes to separate components of a liquid mixture based on their volatility. Its operation involves heating the mixture, causing the more volatile components to vaporize and move upwards in the column. As these vapors rise, they come into contact with a descending liquid stream, which can be either a solvent or a reboiled portion of the mixture. This contact facilitates the transfer of the more volatile components from the liquid phase to the vapor phase. Meanwhile, the less volatile components remain in the liquid phase and exit the bottom of the column as a concentrated product or bottoms. Stripping columns find widespread application in industries such as petrochemicals, pharmaceuticals, and environmental engineering for various separation processes.
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What are the growth prospects and trends in the Stripping Column industry?
The stripping column market growth is driven by various factors and trends. The market for stripping columns is expanding due to increased demand for effective separation solutions in industries like petrochemicals, pharmaceuticals, and chemicals. These columns are essential for separating components of liquid mixtures based on their volatility, providing a precise and efficient separation process. Market growth is also being propelled by advancements in column design and materials. Moreover, industries are increasingly adopting stripping columns to comply with strict environmental regulations concerning emissions and waste management, further driving market demand. Hence, all these factors contribute to stripping column market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Type:
- Packed Columns
- Tray Columns
By Construction Material:
- Stainless Steel
- Carbon Steel
- Aluminum
- Others
By End-Use Industry:
- Oil and Gas
- Chemical
- Pharmaceutical
- Petrochemical
- Others
By Application:
- Distillation
- Solvent Recovery
- Gas Treatment
- Absorption
- Others
Market Segmentation by Region:
North America:
- United States
- Canada
Europe:
- Germany
- United Kingdom
- France
- Italy
- Spain
- Russia
- Poland
- BENELUX
- NORDIC
- Rest of Europe
Asia Pacific:
- China
- Japan
- India
- South Korea
- ASEAN
- Australia & New Zealand
- Rest of Asia Pacific
Latin America:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Middle East & Africa:
- Saudi Arabia
- South Africa
- United Arab Emirates
- Israel
- Egypt
- Rest of MEA
Who are the key players operating in the industry?
The report covers the major market players including:
- Sulzer Ltd.
- Koch-Glitsch LP
- L&T Hydrocarbon Engineering Ltd.
- ProSim SA
- AMACS Process Tower Internals
- Merichem Company
- Montz GmbH
- Koch Knight LLC
- GEA Group AG
- Taminco BVBA
- RVT Process Equipment GmbH
- Pfaudler Inc.
- Stedman Machine Company
- Proserv Group Inc.
- Raschig GmbH
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