The global mass transfer equipment market is envisioned to garner $4,171.1 million by 2031, growing from $2,524.7 million in 2021 at a CAGR of 5.4% from 2022 to 2031. The mass transfer equipment market has grown significantly in recent years as a result of its implementation across variety of sectors such as the chemical, petrochemical, and pharmaceutical industries. Mass transfer equipment is also utilized in experimental and laboratory testing, with a range of apparatuses capable of performing processes such as distillation, hydrogenation, absorption, evaporation, precipitation, filtration, and others, and the market for mass transfer equipment is effectively limitless.
The mass transfer equipment sector is expected to be affected by factors such as rising technology costs. Furthermore, some restrictions in the gas-to-liquid mass transfer process might present an impediment to syngas fermentation for biofuel generation; these reasons are expected to reduce demand for the mass transfer equipment market, thus inhibiting the worldwide market growth.
The future potential of mass transfer equipment is more promising due to its numerous uses in diverse sectors. The availability of trained individuals and technological advancements are expected to propel the mass transfer equipment market forward. Micro processing technology, which is regarded to be far more efficient and versatile than older methods, is being adopted by an increasing number of businesses for pharmaceutical manufacturing. Due to their tiny pores and increased vapor capacity, advanced sieve trays are becoming increasingly used in the petrochemical and aromatic sectors. Purity standards are difficult to maintain in the chemical sector, therefore mass transfer equipment increases the effectiveness of chemical manufacturing plants, further driving the market's growth potential. These developments are expected to provide huge potential in the market for mass transfer equipment.
The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were on a standstill. There were import-export restrictions laid down on major mass transfer equipment producing countries such as the U. S. and China, which imposed significant challenges on the market. The U. S. chemical sector has seen a strong recovery, and might represent the industry's full recovery. From sustainability to consumer-centricity, annual forecast examines five issues that will be on the minds of chemical firms.
The key players profiled in this report include Sulzer Ltd, Koch Engineered Solutions., Beijing Zehua Chemical Engineering Co., Ltd., Finepac Structures Pvt. Ltd., DtEC, MTE Group., Munters Group, Baretti, Tianjin Univtech Co., Ltd., and HAT International Ltd.
The mass transfer equipment sector is expected to be affected by factors such as rising technology costs. Furthermore, some restrictions in the gas-to-liquid mass transfer process might present an impediment to syngas fermentation for biofuel generation; these reasons are expected to reduce demand for the mass transfer equipment market, thus inhibiting the worldwide market growth.
The future potential of mass transfer equipment is more promising due to its numerous uses in diverse sectors. The availability of trained individuals and technological advancements are expected to propel the mass transfer equipment market forward. Micro processing technology, which is regarded to be far more efficient and versatile than older methods, is being adopted by an increasing number of businesses for pharmaceutical manufacturing. Due to their tiny pores and increased vapor capacity, advanced sieve trays are becoming increasingly used in the petrochemical and aromatic sectors. Purity standards are difficult to maintain in the chemical sector, therefore mass transfer equipment increases the effectiveness of chemical manufacturing plants, further driving the market's growth potential. These developments are expected to provide huge potential in the market for mass transfer equipment.
The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were on a standstill. There were import-export restrictions laid down on major mass transfer equipment producing countries such as the U. S. and China, which imposed significant challenges on the market. The U. S. chemical sector has seen a strong recovery, and might represent the industry's full recovery. From sustainability to consumer-centricity, annual forecast examines five issues that will be on the minds of chemical firms.
The key players profiled in this report include Sulzer Ltd, Koch Engineered Solutions., Beijing Zehua Chemical Engineering Co., Ltd., Finepac Structures Pvt. Ltd., DtEC, MTE Group., Munters Group, Baretti, Tianjin Univtech Co., Ltd., and HAT International Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the mass transfer equipment market analysis from 2021 to 2031 to identify the prevailing mass transfer equipment market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the mass transfer equipment market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global mass transfer equipment market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Column Internals
- Trays
- Random Packing
- Structured Packing
- Others
By Application
- Food Beverage
- Pharmaceuticals
- Oil Gas
- Water Waste Water Treatment
- Chemical
- Pulp and Paper
- Others
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- South Africa
- Rest of LAMEA
Key Market Players
- Sulzer Ltd
- Koch-Glitsch.
- Beijing Zehua Chemical Engineering Co., Ltd.
- Finepac Structures Pvt. Ltd.
- Dtec
- MTE Group.
- Munters Group
- baretti mefe
- Tianjin Univtech Co., Ltd.
- HAT International Ltd.
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Value Chain Analysis
3.8. Market Share Analysis
3.9. Key Regulation Analysis
3.10. Patent Landscape
3.11. Regulatory Guidelines
CHAPTER 4: MASS TRANSFER EQUIPMENT MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Column Internals
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Trays
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Random Packing
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Structured Packing
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Others
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
CHAPTER 5: MASS TRANSFER EQUIPMENT MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Food & Beverage
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Pharmaceuticals
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Oil & Gas
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Water & Waste Water Treatment
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Chemical
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
5.7 Pulp and Paper
5.7.1 Key market trends, growth factors and opportunities
5.7.2 Market size and forecast, by region
5.7.3 Market analysis by country
5.8 Others
5.8.1 Key market trends, growth factors and opportunities
5.8.2 Market size and forecast, by region
5.8.3 Market analysis by country
CHAPTER 6: MASS TRANSFER EQUIPMENT MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Type
6.2.3 North America Market size and forecast, by Application
6.2.4 North America Market size and forecast, by country
6.2.4.1 U. S.
6.2.4.1.1 Market size and forecast, by Type
6.2.4.1.2 Market size and forecast, by Application
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Type
6.2.4.2.2 Market size and forecast, by Application
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Type
6.2.4.3.2 Market size and forecast, by Application
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Type
6.3.3 Europe Market size and forecast, by Application
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Type
6.3.4.1.2 Market size and forecast, by Application
6.3.4.2 France
6.3.4.2.1 Market size and forecast, by Type
6.3.4.2.2 Market size and forecast, by Application
6.3.4.3 United Kingdom
6.3.4.3.1 Market size and forecast, by Type
6.3.4.3.2 Market size and forecast, by Application
6.3.4.4 Italy
6.3.4.4.1 Market size and forecast, by Type
6.3.4.4.2 Market size and forecast, by Application
6.3.4.5 Spain
6.3.4.5.1 Market size and forecast, by Type
6.3.4.5.2 Market size and forecast, by Application
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Type
6.3.4.6.2 Market size and forecast, by Application
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Type
6.4.3 Asia-Pacific Market size and forecast, by Application
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Type
6.4.4.1.2 Market size and forecast, by Application
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Type
6.4.4.2.2 Market size and forecast, by Application
6.4.4.3 India
6.4.4.3.1 Market size and forecast, by Type
6.4.4.3.2 Market size and forecast, by Application
6.4.4.4 Australia
6.4.4.4.1 Market size and forecast, by Type
6.4.4.4.2 Market size and forecast, by Application
6.4.4.5 South Korea
6.4.4.5.1 Market size and forecast, by Type
6.4.4.5.2 Market size and forecast, by Application
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Market size and forecast, by Type
6.4.4.6.2 Market size and forecast, by Application
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Type
6.5.3 LAMEA Market size and forecast, by Application
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Type
6.5.4.1.2 Market size and forecast, by Application
6.5.4.2 Saudi Arabia
6.5.4.2.1 Market size and forecast, by Type
6.5.4.2.2 Market size and forecast, by Application
6.5.4.3 UAE
6.5.4.3.1 Market size and forecast, by Type
6.5.4.3.2 Market size and forecast, by Application
6.5.4.4 South Africa
6.5.4.4.1 Market size and forecast, by Type
6.5.4.4.2 Market size and forecast, by Application
6.5.4.5 Rest of LAMEA
6.5.4.5.1 Market size and forecast, by Type
6.5.4.5.2 Market size and forecast, by Application
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Players
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 Sulzer Ltd
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Koch-Glitsch.
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Beijing Zehua Chemical Engineering Co., Ltd.
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Finepac Structures Pvt. Ltd.
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Dtec
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 MTE Group.
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Munters Group
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 baretti mefe
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Tianjin Univtech Co., Ltd.
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 HAT International Ltd.
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Mass Transfer Equipment Market,' the mass transfer equipment market was valued at $2.5 billion in 2021, and is estimated to reach $4.2 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031. The mass transfer equipment industry has a wide range of applications in the chemical sector. It is used in reactions, separations, heat transfer, and many other areas of the chemical industry.The mass transfer equipment market analysis covers mass transfer equipment demand and sales across various end-use industries. In the biochemicals & biofuels sector, mass transfer equipment is used for the production of biofuels and biochemicals. For instance, this equipment is specially used for methanol recovery, free fatty acid removal, glycerin drying and purification, bio-ethanol distillation, production and purification of lactic acid, bioethanol dehydration, and others. The driving factor for mass transfer equipment market forecast is often a difference in chemical potential. A chemical species flows from high chemical possible targets to low chemical potential areas. As a result, the point at which the chemical potential is uniform frequently specifies the largest theoretical extent of a given mass transfer. In single-stage systems, this usually translates to uniform awareness throughout the phase, whereas in multiphase systems and chemical species frequently prefer one phase over the others and reach a uniform chemical potential, as in liquid-liquid extraction, only after absorbing the majority of the chemical species into the preferred phase. These factors are anticipated to boost the mass transfer equipment market size in the upcoming years.
Higher technology costs are expected to hamper the mass transfer equipment market share in the coming years. Furthermore, there are some restrictions in the gas-to-liquid mass transfer process that might cause an impediment to syngas fermentation for biofuel generation. These constraints are expected to hamper the mass transfer equipment market trends during the analysis timeframe thereby inhibiting the global market growth.
The growing applications of mass transfer equipment market for wastewater & vent gas treatment as well as for product purification is estimated to generate excellent opportunities. For instance, in wastewater treatment, the mass transfer equipment’s are majorly used for recovering valuable components such as isopropyl ether, toluene, methanol, butanol, ethanol, acetone, ammonia, and others. They are also used in the liquid-liquid extraction of pesticides, acetic acid, phenol, dimethylacetamide, and others. Similarly, in product purification, the mass transfer equipment I used for applications namely Xylenes, fatty acids & fatty alcohols, hydrogen peroxide, glycol ethers, glycol, herbicides, dichlorobenzene, and others. Boosting mass transfer efficiency, a unique approach to the construction of the downcomer component of distillation column trays with a uniform fluid flow pattern was presented. The Downcomer Distributor was developed as part of a joint research program between AMT International Inc. (Plano, Texas) and Petronas (Malaysia), with the goal of eliminating deviations from an ideal fluid-flow pattern that occur on typical distillation trays due to reprocessing of fluid on the tray as well as the presence of stagnant liquid areas. Such advances are anticipated to boost mass transfer equipment market growth in the upcoming years.
The global mass transfer equipment market is segmented based on type, application, and region. By type, it is classified into column internals, trays, random packing, structured packing, and others. By application, it is classified into food & beverages, pharmaceuticals, oil & gas, water & waste water treatment, chemical, pulp and paper, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the mass transfer equipment market report include Sulzer Ltd, Koch Engineered Solutions., Beijing Zehua Chemical Engineering Co., Ltd., Finepac Structures Pvt. Ltd., DtEC, MTE Group, Munters Group, Baretti, Tianjin Univtech Co., Ltd., and HAT International Ltd.
Impact of COVID-19 on the Global Mass Transfer Equipment Industry
Sales of mass transfer equipment are directly proportional to the demand from, the pharmaceutical, and chemical industries. However, various sectors such as chemicals, construction, and pharmaceutical were negatively impacted by the COVID-19 pandemic which has affected the production and demand for mass transfer equipment due to a disrupted supply chain.COVID-19 impacted almost all industries and the mass transfer equipment producing companies ceased their operations owing to import-export restrictions, lockdown imposed across several countries, and shortage of labor; the fear of contracting the novel coronavirus led to sluggish demand in the market
Social distancing norms closed borders, and production constraints, due to the pandemic, across various countries such as China, India, and the U.S. have affected the global market. Thus, the pandemic has greatly impacted the mass transfer equipment market opportunities and sales.
Key Findings of the Study
Based on type, the trays sub-segment emerged as the global leader in 2021 and the structured packing sub-segment is anticipated to be the fastest growing sub-segment during the forecast periodBased on application, the oil & gas sub-segment emerged as the global leader in 2021 and the chemical sub-segment is predicted to show the fastest growth in the upcoming years
Based on region, the Asia-Pacific market registered the highest market share in 2021 and is projected to maintain the position during the forecast period
Companies Mentioned
- Sulzer Ltd.
- Koch-Glitsch.
- Beijing Zehua Chemical Engineering Co. Ltd.
- Finepac Structures Pvt. Ltd.
- Dtec
- Mte Group.
- Munters Group
- Baretti Mefe
- Tianjin Univtech Co. Ltd.
- Hat International Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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