Chat with us, powered by LiveChat

Loading...

Mass Transfer Equipment Market, by Type

RA00117

Mass Transfer Equipment Market, by Type (Column Internals, Trays, Random Packing, Structured Packing, Others), by Application (Food & Beverages, Pharmaceuticals, Oil & Gas, Water & Waste Water Treatment, Chemical, Pulp and Paper, Others), Regional Analysis (North America, Europe, Asia Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

COVID-19

pandemic has shown to have an enormous impact on most
industries.

Click Here to access our comprehensive analysis of the

Impact of covid-19 on Mass Transfer Equipment Market

Global Mass Transfer Equipment Market Insights 2026:

The global mass transfer equipment market forecast will be $4,777.3 million by 2026, increasing from $2,643.4 million in 2018 at a healthy CAGR of 7.6%. Asia-Pacific mass transfer equipment market is expected to grow at a healthy CAGR of 8.1% by generating a revenue of $1,137.0 million, during the forecasted period. Changing market dynamics along with technological innovations, are expected to drive the growth of Asia-Pacific region market.

The products used in mass transfer operations have been developed for a broad range of industrial sectors such as chemical and petrochemical industries. These products provide solutions for all mass transfer difficulties consisting of cutting-edge products for the processes such as absorption, crystallization, distillation, evaporation, and liquid-liquid extraction.

Driving Factors of Mass Transfer Equipment Market:

Latest innovations in product development along with heavy investment of top players in the R&D, is anticipated to drive the global mass transfer equipment market

The increase in demand for sustainable and innovative mass transfer equipment solutions for critical operations of various industries, is one of the major factors for the massive growth of the mass transfer equipment market. Latest developments, along with heavy investment on economic and efficient solutions for mass transfer are also anticipated to drive the demand for the global market. For instance, the highly advanced schoepentoeter Plus is primarily suitable for feed that contains liquid and vapor. Also, this mass transfer equipment design offers clean liquid disengagement, minimal pressure drop, and better vapor distribution. 

High costs of technologies are anticipated to restrain the of global mass transfer equipment market growth:

Factors such as higher cost of technologies are anticipated to obstruct the mass transfer equipment industry. Moreover, there are certain limitations in gas-to-liquid mass transfer process that can create obstruction into syngas fermentation for biofuel production; These factors are anticipated to decline the demand for mass transfer equipment market, eventually, restraining the growth of the global market. 

Recent advancements of mass transfer technologies in food sector is projected to create immense opportunities for the global market:
Download Report Study 

The future-generation of mass transfer technology will have significant applications in food packaging industries. This technology could be majorly used to preserve food quality and safety, to decrease food wastage and foodborne germs and illnesses with improved food shelf life. For example, Modified Atmosphere Packaging (MAP), depends upon the modification of the internal atmosphere by the product itself or by gas flushing or use of gas emitters or scavengers; this can be attained by mass transfer technology. In addition, mass transfer technology of the packaging material helps to maintain optimal atmosphere in packaging. These mass transfer equipment market trends are anticipated to create lucrative opportunities in the global market.

Mass Transfer Equipment Market Segmentation, by Type:

Trays segment will generate a revenue of $835.4 million by 2026, mainly owing to the versatile applications of trays and technological innovations

 Mass Transfer Equipment Market Segmentation, by Type
Source: Research Dive Analysis 

Trays segment of mass transfer equipment market is anticipated to grow at a healthy rate, and is forecasted to account for $1,461.5 million by 2026, rising from $835.4 million in 2018. With the active area enhancements and advanced Downcomer Technology, the trays market for mass transfer equipment is anticipated to fuel the growth of market. Furthermore, these highly advanced trays have a number of beneficial applications in mass transfer stages and mass transfer efficiency. Therefore, these trays are majorly used as splitters in aromatic, petrochemical and petrochemical applications. Thus, it is anticipated to grow the global market. 

Application Insights:

Oil and gas segment will have significant growth in the global market, and it is anticipated to generate a revenue of $1,280.3 million by 2026, mainly because of heavy investments by the market players in R&D
 Application Insights

Source: Research Dive Analysis

Mass transfer equipment market for chemicals will have significant growth and it is anticipated to account for $1,088.4 million by 2026, with an increase from $565.2 million in 2018. Mass transfer technology has a significant application in maintaining high standards of quality and purity of chemicals. Mass Transfer operations such as Liquid–liquid extraction, structured packing and product purification are performed massively in chemical industries; this is anticipated to drive the global market. Furthermore, mass transfer equipment has extensive usage in various operations of chemical industry such as evaporation, dehydration, packaging, solvent leaching and extraction. These factors are projected to drive the demand for the global market.

Mass transfer equipment market for oil and gas sector have a dominating share in the global market and is further expected to generate a revenue of $1,280.3 million, by 2026. This is mainly due to the increasing use of highly advanced mass transfer technologies for oil and gas refineries. Moreover, market players such as Sulzer are focusing more in R&D and innovative engineering solutions. 

Regional Insights: Asia-Pacific Mass Transfer Equipment Market 2026:

Asia-Pacific region market will reach up to $1,137.0 million by the end of 2026, mainly because of innovative engineering solutions along with skilled professionals in this field

Asia-Pacific region mass transfer equipment market share is anticipated to rise at a CAGR of 8.1% by generating a revenue of $1,137.0 million by 2026. Heavy investment in research and development, innovative engineering solutions, requisite facilities, personnel and experience are anticipated to drive the growth of the Asia-Pacific market. Abovementioned key factors are anticipated to augment the demand for mass transfer technology, which are eventually anticipated to boost the Asia-Pacific market.

Regional Insights: Europe Mass Transfer Equipment Market 2026:

Europe region will have lucrative opportunities for market investors to grow over the upcoming years mainly because of top players are emphasizing on strengthening the existing portfolio

The mass transfer equipment market size in Europe generated a revenue of $772.9 million in 2018 and it is anticipated to account for $1,375.9 million by 2026. Established enterprises of mass transfer equipment are mainly focusing on strengthen existing portfolio and to drive profitability through operational excellence, which will drive the growth of European market.

Competitive Scenario in the Global Mass Transfer Equipment Market:

Mergers & acquisitions, along with advanced product development are the frequent strategies followed by the leading market players
Competitive Scenario in the Global Mass Transfer Equipment Market	 

Source: Research Dive Analysis

Some of the significant mass transfer equipment market players include: Sulzer Ltd, Koch-Glitsch., Beijing Zehua Chemical Engineering Co., Ltd., Finepac Structures Pvt. Ltd., DtEC, MTE Group., Munters Group, Baretti, Tianjin Univtech Co., Ltd., HAT International Ltd.Mass transfer equipment market players are emphasizing on Merger & acquisition and advanced product development. These are the frequent strategies followed by the established organizations, for instance, in 2019, Koch-Glitsch announced the acquisition with mass-transfer specialist Julius Montz GmbH. This acquisition shall rise Koch-Glitsch’s presence across the globe by strengthening its portfolio of products and services. To elaborate more on the competitor analysis of market players, the porter’s five force model is discussed in the report.

Porter’s Five Forces Analysis for Mass Transfer Equipment Market:

  • Bargaining Power of Suppliers: The switching barriers from one supplier to the other are predicted to be high.
    The bargaining power of suppliers is High.
  • Bargaining Power of Consumers: In this market, the concentration of buyers is low. Moreover, Other factors like lack of product or technology differentiation are also providing high bargaining power of consumers.
    The bargaining power of consumers is High.
  • Threat of New Entrants: High initial investments are necessary to start new mass transfer equipment manufacturing venture. This factor for mass transfer equipment market is diversified, due to applications in different industry verticals. 
    The threat of new entrants is High.
  • Threat of Substitutes: This market has no substitute of product or any type of technology that provides low switching costs for customers. 
    The threat of substitutes is Low.
  • Competitive Rivalry in the Market: The mass transfer equipment market contains a large number of large, medium and small-scale players. Most of the major players are following similar strategies, and product differentiation among them is creating a significant competitive rivalry in the industry.The competitive rivalry in the industry is High.

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Type

  • Column Internals
  • Trays
  • Random Packing
  • Structured Packing
  • Others

  Segmentation by Application

  • Food & Beverages
  • Pharmaceuticals
  • Oil & Gas
  • Water & Waste Water Treatment
  • Chemical
  • Pulp and Paper
  • Others

  Key Countries Covered

U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, China, Japan, India, Australia, South Korea, Rest of Asia-Pacific, Brazil, Saudi Arabia, United Arab Emirates, Rest of LAMEA

  Key Companies Profiled

  • Sulzer Ltd
  • Koch-Glitsch.
  • Beijing Zehua Chemical Engineering Co., Ltd.
  • Finepac Structures Pvt. Ltd.
  • DtEC
  • MTE Group.
  • Munters Group
  • Baretti
  • Tianjin Univtech Co., Ltd.
  • HAT International Ltd.

Source: Research Dive Analysis


FREQUENTLY ASKED QUESTIONS?
 

A. The global mass transfer equipment market size was over $2,643.4 million in 2018 and is projected to reach $4,777.6 million by 2026.

A. Sulzer Ltd, Beijing Zehua Chemical Engineering Co., Ltd., and Koch-Glitsch. are some of the key players in the global mass transfer equipment Market system.

A. Asia-Pacific region possesses great investment opportunities for the investors to witness the most promising growth in the future.

A. The Asia-Pacific market mass transfer equipment Market is anticipated to grow at 8.1% CAGR during the forecast period.

A. Technological advancements, product development, along with joint ventures are the key strategies opted by the operating companies in this market.

A. Munters Group and Baretti companies are investing more on R&D activities for developing new products and technologies.

1. Research Methodology

1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters

1.4.1. Assumptions
1.4.2. Forecast parameters

1.5. Data sources

1.5.1. Primary
1.5.2. Secondary

2. Executive Summary

2.1. 360° summary
2.2. Type trends
2.3. Application trends

3. Market Overview

3.1. Market segmentation & definitions
3.2. Key takeaways

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Porter’s five forces analysis

3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market

3.4. Market dynamics

3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities

3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Pricing overview

3.8.1. By Type
3.8.2. By Application

3.9. Market value chain analysis

3.9.1. Stress point analysis
3.9.2. Raw material analysis
3.9.3. Manufacturing process
3.9.4. Distribution channel analysis
3.9.5. Operating vendors

3.9.5.1. Raw material suppliers
3.9.5.2. Product manufacturers
3.9.5.3. Product distributors

3.10. Strategic overview

4. Mass Transfer Equipment Market, by Type

4.1. Column Internals

4.1.1. Market size and forecast, by region, 2018-2026
4.1.2. Comparative market share analysis, 2018 & 2026

4.2. Trays

4.2.1. Market size and forecast, by region, 2018-2026
4.2.2. Comparative market share analysis, 2018 & 2026

4.3. Random Packing 

4.3.1. Market size and forecast, by region, 2018-2026
4.3.2. Comparative market share analysis, 2018 & 2026

4.4. Structured Packing

4.4.1. Market size and forecast, by region, 2018-2026
4.4.2. Comparative market share analysis, 2018 & 2026

4.5. Others

4.5.1. Market size and forecast, by region, 2018-2026
4.5.2. Comparative market share analysis, 2018 & 2026

5. Mass Transfer Equipment Market, by Application

5.1. Food & Beverages

5.1.1. Market size and forecast, by region, 2018-2026
5.1.2. Comparative market share analysis, 2018 & 2026

5.2. Pharmaceuticals

5.2.1. Market size and forecast, by region, 2018-2026
5.2.2. Comparative market share analysis, 2018 & 2026

5.3. Oil & Gas

5.3.1. Market size and forecast, by region, 2018-2026
5.3.2. Comparative market share analysis, 2018 & 2026

5.4. Water & Waste Water Treatment

5.4.1. Market size and forecast, by region, 2018-2026
5.4.2. Comparative market share analysis, 2018 & 2026

5.5. Chemical

5.5.1. Market size and forecast, by region, 2018-2026
5.5.2. Comparative market share analysis, 2018 & 2026

5.6. Pulp and Paper

5.6.1. Market size and forecast, by region, 2018-2026
5.6.2. Comparative market share analysis, 2018 & 2026

5.7. Others

5.7.1. Market size and forecast, by region, 2018-2026
5.7.2. Comparative market share analysis, 2018 & 2026

6. Mass Transfer Equipment Market, by Region

6.1. North America

6.1.1. Market size and forecast, by type, 2018-2026
6.1.2. Market size and forecast, by application, 2018-2026
6.1.3. Market size and forecast, by country, 2018-2026
6.1.4. Comparative market share analysis, 2018 & 2026
6.1.5. U.S.

6.1.5.1. Market size and forecast, by type, 2018-2026
6.1.5.2. Market size and forecast, by application, 2018-2026
6.1.5.3. Comparative market share analysis, 2018 & 2026

6.1.6. Canada

6.1.6.1. Market size and forecast, by type, 2018-2026
6.1.6.2. Market size and forecast, by application, 2018-2026
6.1.6.3. Comparative market share analysis, 2018 & 2026

6.2. Europe

6.2.1. Market size and forecast, by type, 2018-2026
6.2.2. Market size and forecast, by application, 2018-2026
6.2.3. Market size and forecast, by country, 2018-2026
6.2.4. Comparative market share analysis, 2018 & 2026
6.2.5. Germany 

6.2.5.1. Market size and forecast, by type, 2018-2026
6.2.5.2. Market size and forecast, by application, 2018-2026
6.2.5.3. Comparative market share analysis, 2018 & 2026

6.2.6. UK

6.2.6.1. Market size and forecast, by type, 2018-2026
6.2.6.2. Market size and forecast, by application, 2018-2026
6.2.6.3. Comparative market share analysis, 2018 & 2026

6.2.7. France

6.2.7.1. Market size and forecast, by type, 2018-2026
6.2.7.2. Market size and forecast, by application, 2018-2026
6.2.7.3. Comparative market share analysis, 2018 & 2026

6.2.8. Spain

6.2.8.1. Market size and forecast, by type, 2018-2026
6.2.8.2. Market size and forecast, by application, 2018-2026
6.2.8.3. Comparative market share analysis, 2018 & 2026

6.2.9. Italy 

6.2.9.1. Market size and forecast, by type, 2018-2026
6.2.9.2. Market size and forecast, by application, 2018-2026
6.2.9.3. Comparative market share analysis, 2018 & 2026

6.2.10. Rest of Europe

6.2.10.1. Market size and forecast, by type, 2018-2026
6.2.10.2. Market size and forecast, by application, 2018-2026
6.2.10.3. Comparative market share analysis, 2018 & 2026

6.3. Asia Pacific

6.3.1. Market size and forecast, by type, 2018-2026
6.3.2. Market size and forecast, by application, 2018-2026
6.3.3. Market size and forecast, by country, 2018-2026
6.3.4. Comparative market share analysis, 2018 & 2026
6.3.5. China

6.3.5.1. Market size and forecast, by type, 2018-2026
6.3.5.2. Market size and forecast, by application, 2018-2026
6.3.5.3. Comparative market share analysis, 2018 & 2026

6.3.6. India 

6.3.6.1. Market size and forecast, by type, 2018-2026
6.3.6.2. Market size and forecast, by application, 2018-2026
6.3.6.3. Comparative market share analysis, 2018 & 2026

6.3.7. Australia 

6.3.7.1. Market size and forecast, by type, 2018-2026
6.3.7.2. Market size and forecast, by application, 2018-2026
6.3.7.3. Comparative market share analysis, 2018 & 2026

6.3.8. Rest of Asia Pacific

6.3.8.1. Market size and forecast, by type, 2018-2026
6.3.8.2. Market size and forecast, by application, 2018-2026
6.3.8.3. Comparative market share analysis, 2018 & 2026

6.4. LAMEA

6.4.1. Market size and forecast, by type, 2018-2026
6.4.2. Market size and forecast, by application, 2018-2026
6.4.3. Market size and forecast, by country, 2018-2026
6.4.4. Comparative market share analysis, 2018 & 2026
6.4.5. Latin America  

6.4.5.1. Market size and forecast, by type, 2018-2026
6.4.5.2. Market size and forecast, by application, 2018-2026
6.4.5.3. Comparative market share analysis, 2018 & 2026

6.4.6. Middle East 

6.4.6.1. Market size and forecast, by type, 2018-2026
6.4.6.2. Market size and forecast, by application, 2018-2026
6.4.6.3. Comparative market share analysis, 2018 & 2026

6.4.7. Africa

6.4.7.1. Market size and forecast, by type, 2018-2026
6.4.7.2. Market size and forecast, by application, 2018-2026
6.4.7.3. Comparative market share analysis, 2018 & 2026

7. Company Profiles

7.1. Sulzer Ltd

7.1.1. Business overview
7.1.2. Financial performance
7.1.3. Product portfolio
7.1.4. Recent strategic moves & developments
7.1.5. SWOT analysis

7.2. Koch-Glitsch.

7.2.1. Business overview
7.2.2. Financial performance
7.2.3. Product portfolio
7.2.4. Recent strategic moves & developments
7.2.5. SWOT analysis

7.3. Beijing Zehua Chemical Engineering Co., Ltd.

7.3.1. Business overview
7.3.2. Financial performance
7.3.3. Product portfolio
7.3.4. Recent strategic moves & developments
7.3.5. SWOT analysis

7.4. Finepac Structures Pvt. Ltd.

7.4.1. Business overview
7.4.2. Financial performance
7.4.3. Product portfolio
7.4.4. Recent strategic moves & developments
7.4.5. SWOT analysis

7.5. DtEC

7.5.1. Business overview
7.5.2. Financial performance
7.5.3. Product portfolio
7.5.4. Recent strategic moves & developments
7.5.5. SWOT analysis

7.6. MTE Group.

7.6.1. Business overview
7.6.2. Financial performance
7.6.3. Product portfolio
7.6.4. Recent strategic moves & developments
7.6.5. SWOT analysis

7.7. Munters Group

7.7.1. Business overview
7.7.2. Financial performance
7.7.3. Product portfolio
7.7.4. Recent strategic moves & developments
7.7.5. SWOT analysis

7.8. Baretti

7.8.1. Business overview
7.8.2. Financial performance
7.8.3. Product portfolio
7.8.4. Recent strategic moves & developments
7.8.5. SWOT analysis

7.9. Tianjin Univtech Co., Ltd.

7.9.1. Business overview
7.9.2. Financial performance
7.9.3. Product portfolio
7.9.4. Recent strategic moves & developments
7.9.5. SWOT analysis

7.10. HAT International Ltd

7.10.1. Business overview
7.10.2. Financial performance
7.10.3. Product portfolio
7.10.4. Recent strategic moves & developments
7.10.5. SWOT analysis

A Brief Introduction

Mass transfer is the movement of mass generally from one location such as phase, stream, fraction or component, to another. It has many processes of occurrence, such as evaporation, absorption, precipitation, membrane filtration, drying, crystallization and distillation.

Different scientific disciplines use mass transfer for executing different mechanisms and processes. The term ‘mass transfer’ is frequently used in the engineering scenario for physical processes. These processes comprise convective and diffusive transport of chemical species within physical systems.

The products used in mass transfer operations has been developed for the broad range of industrial sectors such as chemical and petrochemical industries.

Depending on the nature and the forces behind mass transfer, it has four basic types. They are:

(1) mass exchange between phases
(2) mass transfer in the turbulent flow
(3) mass transfer in laminar flow
(4) diffusion in a quiescent medium

The process of evaporation of water from a river or pond to the atmosphere, the refinement of blood in the liver and kidneys, and the purification of liquor are some of the most common examples of mass transfer. 

On the other hand, mass transfer procedures in the industrial processes include separation of chemical components in distillation columns, liquid-liquid extraction, absorbers such as scrubbers or stripping, and absorbers such as stimulated carbon beds. 

Often, mass transfer is mixed with additional transport processes, which include industrial cooling towers. By allowing hot water to flow in contact with the air, these cooling towers combine mass transfer with heat transfer. They cool the water by dismissing some of the content in the form of water vapor.

Factors Enhancing the Market Growth

Latest innovations in product development along with heavy investment of top players have increased the consumer demand of mass transfer equipment and thus furthering the market.

The increase in demand for sustainable and innovative mass transfer equipment solutions for critical operations of various industries, is one of the major factors for the massive growth of the mass transfer equipment market. 

Latest developments along with heavy investment on an economic and efficient solution for mass transfer are the other key factors that are driving the demand for the global market. For instance, the highly advanced schoepentoeter- plus is primarily suitable for feed that contain liquid and vapor. Also, this mass transfer equipment design offers clean liquid disengagement, minimal pressure drop and better vapor distribution.

Trends and Opportunities 

The next gen of mass transfer technology is going to impact the food and beverages industry in a significant way. This technology is used widely to preserve food quality and safety, to decrease food wastage and foodborne germs and illnesses with improved food shelf life. For example, Modified Atmosphere Packaging (MAP) depends upon the modification of the internal atmosphere by the product itself or by gas flushing or use of gas emitters or scavengers; this can be attained by mass transfer technology. In addition, mass transfer technology of the packaging material helps in to maintain optimal atmosphere in packaging. These mass transfer equipment market trends are anticipated to create lucrative opportunities in the global market.

Latest Developments

As per a recent report , the most significant players of the global mass transfer equipment market include Koch-Glitsch., Sulzer Ltd, Finepac Structures Pvt. Ltd., Beijing Zehua Chemical Engineering Co., Ltd., DtEC, MTE Group., Tianjin Univtech Co., Ltd., Munters Group, Baretti, and HAT International Ltd amongst many more. 

Mass transfer equipment market players are more emphasizing on Merger & acquisition and advanced product development. These are the frequent strategies followed by the established organizations, for instance, in 2019, Koch-Glitsch announced the acquisition with mass-transfer specialist Julius Montz GmbH. This acquisition will spread Koch-Glitsch’s presence across the globe by strengthening its portfolio of products and services.

Purchase Options

Enquire To Buy

Personalize this research

  • Triangulate with your own data
  • Get Data as per your format and defination
  • Get a deeper dive on a specific application, geography, customer or competitor
10% Off on Customization
Contact Us

Customers Also Viewed