Global Tower Internals Market by Product, Application, and Geography - Forecast and Analysis 2023-2027

Published: Aug 2023 Pages: 171 SKU: IRTNTR44223

Tower Internals Market Analysis Report 2023-2027:

The tower internals market size is estimated to grow at a CAGR of 10.15% between 2022 and 2027 and the size of the market is forecast to increase by USD 828.89 million. The growth of the market depends on several factors such as the growing capacity of crude oil refineries, the growing demand for solvent distillation in chemical and pharmaceutical manufacturing, and the advancements in tower internals designs and process configuration

This report extensively covers market segmentation by product (liquid distributor, liquid collector, support and locating grids, and others), application (fine chemical, petrochemical, petroleum, and others), and geography ( APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Tower Internals Market During the Forecast Period?

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Tower Internals Market Dynamics

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Driver - Growing capacity of crude oil refineries
The growing capacity of crude oil refineries distillation towers plays a crucial role in the refining process of crude oil, enabling its transformation into various finished petroleum products. Within these towers, the crude oil is heated and introduced into a distillation column, where different components like gasoline blending components, LPG, naphtha, kerosene, jet fuel, and distillates are recovered at varying temperatures. To facilitate the fractional distillation process in crude oil refineries, tower internal products such as structured packing, distributors, service grids, trays, and collectors are utilized as efficient liquid-liquid or gas/liquid separators.

Moreover, regular maintenance and upgrades of tower internals are essential for ensuring the reliable operation and efficiency of distillation towers. As the demand for energy continues to rise, particularly in developing countries like India and China, the consumption of crude oil is also increasing steadily. Consequently, the growth in refining capacity is expected to fuel the demand for tower internals in crude oil refineries, ultimately contributing significantly to the growth of the global tower internals market during the forecast period. 

Trends - M&A as a primary growth strategy
Intense competition among players in the tower internals market has prompted them to adopt inorganic growth strategies like mergers and acquisitions (M&A). These strategies enable vendors to expand their product portfolios and venture into untapped markets with potential. By joining forces, vendors can reduce their research and development (R&D) expenses through technology sharing and encourage further innovations in a mature technology market. M&A activities empower vendors to offer comprehensive, reliable, high-quality, and technologically advanced products.

Moreover, to meet the strategic demands of an ever-growing market, players face challenges that drive them toward consolidation. By pursuing M&A as their primary growth strategy, companies aim to strengthen their market presence and enhance their competitive advantages. This trend of M&A is expected to fuel the growth of the global tower internals market in the forecast period.

Challenge- Issues related to designing highly complex distillation systems
Distillation towers are complex systems widely used in process industries, known for their high energy consumption. The selection of appropriate tower internals components and configuration is crucial for achieving process efficiency. Inexperienced design and analysis of tower internals can lead to excessive energy usage, operational issues, and system failure. Moreover, distillation towers are part of comprehensive process systems, interconnected with downstream and upstream equipment. Any failure in the tower internals can disrupt the entire plant's production process, causing bottlenecks and unexpected shutdowns.

Furthermore, improper designs can result in vibration and shifting of tower internals, causing damage to internal structures. Designers face challenges in creating efficient distillation systems with suitable tower internals, as each end-user has unique process requirements, cost considerations, and space limitations. inexperienced market players often lack the expertise to provide consulting and customization services, which can affect their sales and revenue growth. Thus, such factors will impede the growth of the market during the forecast period. 

Tower Internals Market Segmentation by Product, Application, Geography

Product Segment Analysis: 

The liquid distributor segment will account for a major share of the market's growth during the forecast period.?Liquid distributors play a crucial role in packed columns, facilitating optimal liquid distribution and efficient mass transfer between different phases. Effective liquid distribution systems ensure uniform liquid flow across the entire bed cross-section, enabling horizontal leveling and accommodating multiple incoming feed streams. By reducing sensitivity to fouling, gas-side pressure drop, and column height, liquid distributors enhance the overall performance of distillation processes.

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The liquid distributor segment was valued at USD 490.18 million in 2017 and continued to grow until 2021.?When selecting liquid distributor systems, end-users and designers consider factors such as liquid load, allowable entrainment, working range, chemical properties of the liquid, and potential for foaming and fouling. Market players like HAT International Ltd., Koch Industries Inc., and Lantec Products offer a range of liquid distributors tailored to specific applications. Specialized liquid distributors are also available to handle high liquid viscosity and turndowns, often constructed using alloys like Hastelloy, titanium, and zirconium. As a result, the liquid distributor segment is expected to drive the growth of the global tower internals market in the forecast period.

Application Segment Analysis:

Based on application, the market has been segmented into fine chemicals, petrochemical, petroleum, and others. The fine chemical?segment will account for the largest share of this segment.?Fine chemicals are high-value chemicals that are usually produced in small quantities and have specific applications. These chemicals require specialized equipment and processes to produce and are often used as intermediates in the production of pharmaceuticals, agrochemicals, and other specialty chemicals. Furthermore, the fine chemicals segment plays an important role in the tower internals market by offering advanced materials and manufacturing techniques that optimize the performance of chemical handling equipment. Therefore, the fine chemicals segment is expected to propel the growth of the global tower internals market during the forecast period.

Regional Analysis

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APAC is estimated to contribute 41% to the growth of the market during the forecast period. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.  China, Japan, and India are the key countries for the market in this region. The market's growth is fueled by the increasing production of fine chemicals and pharmaceuticals, as well as the expansion of refining capacities. The transition in APAC's oil demand towards petrochemical and fine chemical feedstock has further contributed to the need for tower internals in these sectors. 
Furthermore, the increasing consumption of fuel for transportation and power production has placed significant pressure on petroleum refineries in APAC. With a substantial share of global automotive sales, countries such as China, India, and Japan drive the demand for fuel, leading to the expansion of refining capacities. This, in turn, increases the consumption of advanced tower internals within these refineries. Therefore, APAC is expected to be the driving force behind the growth of the global tower internals market in the forecast period.

Covid Recovery Analysis:

In 2020, the COVID-19 pandemic negatively affected the growth of the regional tower internals market. However, the resumption of operations following the lifting of lockdown measures has led to increased demand for tower internals in APAC. As vaccination efforts have progressed, commercial spaces have resumed normal operations, driving the growth of the regional market. Thus, the APAC tower internals market is anticipated to witness growth in the forecast period.

Who are the Major Tower Internals Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • MTPI Products Pvt. Ltd.-The company offers tower internal solutions in all metals such as CS, SS 304, SS 304L, SS 316, SS 316L, SS 410, SS 430, Monel, Titanium, and engineering polymers such as PFA, PVDF, ECTFE, and plastic such as PP, HDPE.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Aluwind AS, AMACS Process Tower Internals, Beijing Zehua Chemical Engineering Co. Ltd., Finepac Structures Pvt. Ltd., GTI Holdings Pte. Ltd., HAT International Ltd., Koch Industries Inc., Kuber Precision Technology, Lantec Products Inc., Mass Transfer Ltd., MTPI Products Pvt. Ltd., Munters Group AB, RASCHIG GmbH, RVT Process Equipment GmbH, Sepco Process Inc., Sumitomo Heavy Industries Ltd., Tsukishima Kankyo Engineering Ltd., and Woven Metal Products Inc.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The tower internals market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Outlook (USD Million, 2017 - 2027)
    • Liquid distributor
    • Liquid collector
    • Support and locate grids
    • Others
  • Application Outlook (USD Million, 2017 - 2027)
    • Fine chemical
    • Petrochemical
    • Petroleum
    • Other
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Tower Internals Market Scope

Report Coverage

Details

Page number

172

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 10.15%

Market growth 2023-2027

USD 828.89 million

Market structure

Fragmented

YoY growth 2022-2023(%)

9.85

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 41%

Key countries

US, China, Japan, Germany, and Russia

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Aluwind AS, AMACS Process Tower Internals, Beijing Zehua Chemical Engineering Co. Ltd., Finepac Structures Pvt. Ltd., GTI Holdings Pte. Ltd., HAT International Ltd., Koch Industries Inc., Kuber Precision Technology, Lantec Products Inc., Mass Transfer Ltd., Matsui Machine Ltd., MTPI Products Pvt. Ltd., Munters Group AB, RASCHIG GmbH, RVT Process Equipment GmbH, Sepco Process Inc., Sulzer Management Ltd., Sumitomo Heavy Industries Ltd., Tsukishima Kankyo Engineering Ltd., and Woven Metal Products Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Tower Internals Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the tower internals market between 2023 and 2027
  • Precise estimation of the tower internals market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of tower internals market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global tower internals market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global tower internals market 2017 - 2021 ($ million)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Liquid distributor - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Liquid distributor - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Liquid distributor - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Liquid distributor - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Liquid distributor - Year-over-year growth 2022-2027 (%)
    • 6.4 Liquid collector - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Liquid collector - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Liquid collector - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Liquid collector - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Liquid collector - Year-over-year growth 2022-2027 (%)
    • 6.5 Support and locating grids - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Support and locating grids - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Support and locating grids - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Support and locating grids - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Support and locating grids - Year-over-year growth 2022-2027 (%)
    • 6.6 Others - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Product
      • Exhibit 50: Market opportunity by Product ($ million)
      • Exhibit 51: Data Table on Market opportunity by Product ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 52: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 53: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 54: Chart on Comparison by Application
      • Exhibit 55: Data Table on Comparison by Application
    • 7.3 Fine chemical - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Fine chemical - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Fine chemical - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Fine chemical - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Fine chemical - Year-over-year growth 2022-2027 (%)
    • 7.4 Petrochemical - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Petrochemical - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Petrochemical - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Petrochemical - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Petrochemical - Year-over-year growth 2022-2027 (%)
    • 7.5 Petroleum - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Petroleum - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Petroleum - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Petroleum - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Petroleum - Year-over-year growth 2022-2027 (%)
    • 7.6 Other - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Other - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Data Table on Other - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Chart on Other - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Other - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by Application
      • Exhibit 72: Market opportunity by Application ($ million)
      • Exhibit 73: Data Table on Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 76: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 87: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 Russia - Market size and forecast 2022-2027
      • Exhibit 115: Chart on Russia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 116: Data Table on Russia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 117: Chart on Russia - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on Russia - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ million)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 Aluwind AS
              • Exhibit 127: Aluwind AS - Overview
              • Exhibit 128: Aluwind AS - Product / Service
              • Exhibit 129: Aluwind AS - Key offerings
            • 12.4 AMACS Process Tower Internals
              • Exhibit 130: AMACS Process Tower Internals - Overview
              • Exhibit 131: AMACS Process Tower Internals - Product / Service
              • Exhibit 132: AMACS Process Tower Internals - Key offerings
            • 12.5 Beijing Zehua Chemical Engineering Co. Ltd.
              • Exhibit 133: Beijing Zehua Chemical Engineering Co. Ltd. - Overview
              • Exhibit 134: Beijing Zehua Chemical Engineering Co. Ltd. - Product / Service
              • Exhibit 135: Beijing Zehua Chemical Engineering Co. Ltd. - Key offerings
            • 12.6 GTI Holdings Pte. Ltd.
              • Exhibit 136: GTI Holdings Pte. Ltd. - Overview
              • Exhibit 137: GTI Holdings Pte. Ltd. - Product / Service
              • Exhibit 138: GTI Holdings Pte. Ltd. - Key offerings
            • 12.7 HAT International Ltd.
              • Exhibit 139: HAT International Ltd. - Overview
              • Exhibit 140: HAT International Ltd. - Product / Service
              • Exhibit 141: HAT International Ltd. - Key offerings
            • 12.8 Koch Industries Inc.
              • Exhibit 142: Koch Industries Inc. - Overview
              • Exhibit 143: Koch Industries Inc. - Product / Service
              • Exhibit 144: Koch Industries Inc. - Key news
              • Exhibit 145: Koch Industries Inc. - Key offerings
            • 12.9 Lantec Products Inc.
              • Exhibit 146: Lantec Products Inc. - Overview
              • Exhibit 147: Lantec Products Inc. - Product / Service
              • Exhibit 148: Lantec Products Inc. - Key offerings
            • 12.10 Matsui Machine Ltd.
              • Exhibit 149: Matsui Machine Ltd. - Overview
              • Exhibit 150: Matsui Machine Ltd. - Product / Service
              • Exhibit 151: Matsui Machine Ltd. - Key offerings
            • 12.11 MTPI Products Pvt. Ltd.
              • Exhibit 152: MTPI Products Pvt. Ltd. - Overview
              • Exhibit 153: MTPI Products Pvt. Ltd. - Product / Service
              • Exhibit 154: MTPI Products Pvt. Ltd. - Key offerings
            • 12.12 RASCHIG GmbH
              • Exhibit 155: RASCHIG GmbH - Overview
              • Exhibit 156: RASCHIG GmbH - Product / Service
              • Exhibit 157: RASCHIG GmbH - Key offerings
            • 12.13 RVT Process Equipment GmbH
              • Exhibit 158: RVT Process Equipment GmbH - Overview
              • Exhibit 159: RVT Process Equipment GmbH - Product / Service
              • Exhibit 160: RVT Process Equipment GmbH - Key offerings
            • 12.14 Sepco Process Inc.
              • Exhibit 161: Sepco Process Inc. - Overview
              • Exhibit 162: Sepco Process Inc. - Product / Service
              • Exhibit 163: Sepco Process Inc. - Key offerings
            • 12.15 Sulzer Management Ltd.
              • Exhibit 164: Sulzer Management Ltd. - Overview
              • Exhibit 165: Sulzer Management Ltd. - Business segments
              • Exhibit 166: Sulzer Management Ltd. - Key news
              • Exhibit 167: Sulzer Management Ltd. - Key offerings
              • Exhibit 168: Sulzer Management Ltd. - Segment focus
            • 12.16 Sumitomo Heavy Industries Ltd.
              • Exhibit 169: Sumitomo Heavy Industries Ltd. - Overview
              • Exhibit 170: Sumitomo Heavy Industries Ltd. - Product / Service
              • Exhibit 171: Sumitomo Heavy Industries Ltd. - Key offerings
            • 12.17 Tsukishima Kankyo Engineering Ltd.
              • Exhibit 172: Tsukishima Kankyo Engineering Ltd. - Overview
              • Exhibit 173: Tsukishima Kankyo Engineering Ltd. - Product / Service
              • Exhibit 174: Tsukishima Kankyo Engineering Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 175: Inclusions checklist
                • Exhibit 176: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 177: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 178: Research methodology
                • Exhibit 179: Validation techniques employed for market sizing
                • Exhibit 180: Information sources
              • 13.5 List of abbreviations
                • Exhibit 181: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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