Global Industrial Fractionating Columns Market 2018-2022

Overview of the global industrial fractionating columns market

According to Technavio’s market research report, the growth in the global refinery capacity will be one of the major factors that will have a positive impact on the global industrial fractionating columns market during the forecast period. Our market research analysts predict that this market will post a revenue growth of more than USD 1.2 billion by 2022. The oil and gas industry is the largest user of industrial fractionating columns. These columns are increasingly used in petroleum refineries to differentiate components of complex crude mixtures, such as gasoline and diesel. The growth in global refining capacity will drive the demand for industrial fractionating columns by 2022.

The implementation of modular column unit design is one of the key trends that will contribute to the market’s growth in the forthcoming years. The modular process design comprises of design and fabrication of discrete, self-contained units or portable skids that can be easily stacked or fitted at the construction or plant site to form a whole fractionating unit. Advantages such as lesser lead time and faster delivery and improved safety and quality will drive the usage of modular column unit designs by manufacturers in the market.

Companies covered

Characterized by the presence of several players, the industrial fractionating columns market appears to be fragmented. This industry research report offers information about the competitive environment among players in the industrial distillation column market and offers an analysis of key companies and their products. Additionally, our analysts also offer information about key areas the players currently focus on and strategies they follow to sustain the competition.

This research report provides an analysis of various companies in this market including

• Babcock & Wilcox Enterprises   
• IDESA   
• Larsen & Toubro              
• Morimatsu group            
• Sumitomo Heavy Industries        
• TOYO Engineering           

Segmentation by application and analysis of the industrial fractionating columns market

• Oil and gas
• Chemicals and petrochemicals

The oil and gas application segment accounted for the industrial fractionating columns market during 2017. Our industry analysis experts predict that this segment will continue to lead the market during the forecast period.

Geographical segmentation and analysis of the industrial fractionating columns market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market throughout the forecast period. Factors such as the growing demand for refined fuels from the automotive and power generation industries will drive the market’s growth in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global industrial fractionating columns market?
• What are the key market trends impacting the growth of the global industrial fractionating columns market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial fractionating columns market?
• What are the market opportunities and threats faced by the vendors in the global industrial fractionating columns market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global industrial fractionating columns market?

Technavio also offers customization on reports based on specific client requirement.