What is Absorption Tower Market Scope?
An absorption tower is a long vertical column used in oil refineries and natural gas processing stations to absorb impurities from gas streams. This is done by trapping the components of the rising gas with a falling liquid. These towers are also used in various other industries such as the purification industry and material processing industry. The most common solvent used is Glycol that flows against the water-laden gas is used to remove H2O.
The Absorption Tower market study is being classified by Type (Single Diameter Towers (SDT) and Double Diameter Towers (DDT)), by Application (Oil & Gas Industry, Petroleum & Chemical Industry, Material Processing Industry, Purification Industry and Others) and major geographies with country level break-up.
The global absorption tower market is highly consolidated owing to the presence of fewer players in the market. They are developing various strategies such as product innovation, advancement in packaging, the material used for the construction, and the solvent used for absorption, to be competitive in the market.
Koch-Glitsch (United States), Branch Environmental Corp. (United States), GEA Group Aktiengesellschaft (Germany), Macrotek, Inc. (Canada), Belco Manufacturing Co. (United States), Qingdao Jieneng Power Station Engineering Co., Ltd. (China), Hangzhou Lian (China), FiberTech Composite Pvt. Ltd. (India), D. M. Engineering Company Ltd. (India) and Rufouz Hitek Engineers Pvt. Ltd. (India) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Shiva Scientific Glass Pvt. Ltd. (India) and DIDAC International (India).
Analyst at AMA have segmented the market study of Global Absorption Tower market by Type, Application and Region.
On the basis of geography, the market of Absorption Tower has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- Growing Demand for Absorption Tower in Various Industries for Different Application
- High Demand for Customized Absorption Towers in Chemical Industries
- Allowance for Integration with Other Parts of the Other Machines in Different Industrial Application
- Advancement in Packaging Type
- Overheating and Corrosion Problems
- High Cost of High-quality Absorption Towers than the Low-quality Absorption Towers
- Solvent Contamination and Crowding of Sludge
Key Target AudienceAbsorption Tower Manufacturers, Raw Material Suppliers, Oil & Gas Companies, Traders/Exporters/Importers, End-Use Industry and Others
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