Dublin, Nov. 01, 2023 (GLOBE NEWSWIRE) -- The "Global Tower Internals Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.
The tower internals market is set to experience substantial growth over the forecast period from 2022 to 2027, with a projected CAGR of 10.15%. A comprehensive report on the tower internals market, encompassing market size, trends, growth drivers, and vendor analysis featuring around 25 key players, has been released.
The report provides an in-depth analysis of the current market landscape, identifying the latest trends and driving factors within the industry. Key drivers behind this growth include the increasing capacity of crude oil refineries, rising demand for solvent distillation in chemical and pharmaceutical manufacturing, and advancements in tower internals designs and process configurations.
Segmentation of the tower internals market is as follows:
By Product:
- Liquid distributor
- Liquid collector
- Support and locating grids
- Others
By Application:
- Fine chemical
- Petrochemical
- Petroleum
- Other
By Geographical Landscape:
- APAC
- Europe
- North America
- Middle East and Africa
- South America
One of the primary growth strategies identified in the report is Mergers and Acquisitions (M&A), which is expected to drive market expansion in the coming years. Additionally, the adoption of advanced simulation software in designing tower internals and the increasing use of carbon-capturing technologies will contribute to significant market demand.
The report encompasses the following key areas:
- Tower internals market sizing
- Tower internals market forecast
- Tower internals market industry analysis
Key Companies Mentioned:
- 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.
- Woven Metal Products Inc.
For more information about this report visit https://www.researchandmarkets.com/r/sxsar7
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
