Mass Transfer (Distillation) Market Size, Share, Growth, and Industry Analysis, By Type (Column Internals, Random Packing, Structured Packing & Trays), By Application (Petroleum Industrial, Petrochemical Industrial, Fine Chemical Industrial & Other), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Mass Transfer (Distillation) Market Report Overview

• 
• Request Free Sample PDF to learn more about this report

The global mass transfer (distillation) market size was USD 1090 million in 2021 and is expected to reach USD 2156.08 million in 2031, exhibiting a CAGR of 7.0% during the forecast period.

One of the fundamental concepts in the study of transport phenomena is mass transfer (distillation), which denotes the movement of mass from one location to another. In multiphase systems, mass transfer (distillation) may occur within a single phase or across phase borders. Using heat energy, the components of a liquid mixture are separated during the distillation process. The separation is caused by the difference in vapor pressure. Distillation plays a crucial function in petroleum refining processes.

The phrase "mass transfer operations" refers to these processes, which also encompass methods like gas absorption and stripping, liquid-liquid extraction, leaching, distillation, humidification, drying, crystallization, and a variety of other separations. It is a significant phenomenon with several uses in the food processing industry. Food ingredients diffuse from high to low concentrations as a result of concentration gradients. Simple distillation, fractional distillation, steam distillation, and vacuum distillation are the methods that are most frequently utilized.

COVID-19 Impact: Industry Imbalance Causes Market Distortion

The global COVID-19 pandemic has been unprecedented and staggering, with mass transfer (distillation) market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 outbreak caused problems for manufacturers of chemicals and advanced materials, including unstable markets, a drop in customer confidence, and difficulties with import and export commerce. The sourcing of raw materials, packaging, and distribution are all parts of the global supply chain. Due to lockdowns, moving commodities, labels, and other items has become difficult. In addition to having an immediate influence on markets, supply chains, supply and demand, and all of these other things, it also had a financial impact on the markets for equipment. Machine manufacturers are concentrating on safeguarding their personnel, business processes, and supply chains to deal with this pressing scenario. The pandemic altered the dynamics of the industry, compelling organizations to redesign every aspect of their operational frameworks in order to preserve stability amidst the disturbances. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall chemicals and advanced materials industry. This has partially impacted the mass transfer (distillation) market.

LATEST TRENDS

"Structured Packing to Boost the Market Growth"

Structured packing is the primary trend driving the mass transfer (distillation) business. The chemical, food, and beverage sectors can make advantage of this additional method of mass transfer (distillation). In order to give the most surface area for contact between air and liquid inside the column, it is made up of discs or rings piled on top of one another with numerous tiny open spaces between them. Structured packing has an advantage over trays in that it has a lower pressure drop caused by smaller pores, which produces more effective separation at a lower cost than tray columns. In addition, structured packings are offered in a variety of shapes, such as square plates, hexagonal plates, etc., depending on the desired shape & size of the interface. These new developments are mostly to blame for the market's overall growth.

Mass Transfer (Distillation) Market Segmentation

• 
• Request Free Sample PDF to learn more about this report

• By Types 

Based on type, the market is classified into Column Internals, Random Packing, Structured Packing & Trays.

• By Application

Based on application, the market is categorized into Petroleum Industrial, Petrochemical Industrial, Fine Chemical Industrial & Other.

DRIVING FACTORS

"Petrochemical Industry Gives the Market Extra Boost "

Mass transfer (distillation) is frequently used in the petrochemical sector to boost the yield of oil, gasoline, and other products from crude oil. Exchangers are being placed in refinery units as part of this process, enabling a fluidized flow over a solid-liquid interface and accelerating market growth. This improves thermal efficiency for conversion processes like distillation or evaporation while minimizing scaling loss at high-temperature areas due to excessive heat contact with solids. This allows for better heat exchange between two fluids, i.e., liquid vapors and liquids. As a result, the growth, and the growing demand of petrochemicals industry will boost the market. It will contribute to the expansion of the chemicals and advanced materials industry and it will improve the overall mass transfer (distillation) market growth.

"Oil & Gas Industry to Encourage Market Expansion "

In the oil and gas sector, mass transfer (distillation) is employed to boost petroleum fluid recovery. By boosting flow rate, decreasing downtime, and offering better efficiency than conventional methods, it also increases the production capacity. Depending on the kind of fluid and its composition, mass transfer units are used at various stages including primary, secondary, enhanced oil recovery (EOR), and others. As a result, during the projected period, the market for chemicals and advanced materials is anticipated to rise rapidly. The advancement of the product is helping the market to grow.

RESTRAINING FACTORS

"High Energy Usage of Product to Impede Market Expansion"

Most homogeneous fluid mixtures can be separated almost completely through repeated vaporization and condensation of the liquid. Energy input is necessary for the vaporization process. The main drawback of distillation is how much energy it requires. But as time goes on, this issue will be resolved in some way. If this problem is fixed, the market will start to grow right away.

Mass Transfer (Distillation) Market Regional Insights

• 
• Request Free Sample PDF to learn more about this report

"North America Dominating the Market Across the Globe"

Since this area is the major user of the product, the market for mass transfer (distillation) in North America has profited from the region's expanding industrial development and several driving factors that have boosted the potential sectors. The key factor driving the growth of the mass transfer (distillation) market share is the rising product demand in the petroleum industrial, petrochemical industrial & fine chemical industrial industry. Rapid urbanization trends will further strengthen the market as a whole.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

The research provides details on the list of market participants and their activity in the sector. Acquisitions, mergers, technical advancements, collaborations, and increasing production facilities are used to gather and report the information. The companies that produce and introduce new products, the areas where they operate, automation, technology adoption, creating the greatest income, and making a difference with their products are some of the other factors that are looked at for this market.

List of Market Players Profiled

• Sulzer (Switzerland)
• Raschig (Germany)
• Hat International (U.K.)
• RVT Process Equipment (Germany)
• Koch-Glitsch (U.S.)

REPORT COVERAGE

The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost the mass transfer (distillation) market share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.