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Refinery Vacuum Distillation Units Market

Refinery Vacuum Distillation Units Market by Type (Dry and Wet): Global Opportunity Analysis and Industry Forecast, 2021–2030

A14251
Pages: 275
Oct 2021 | 135 Views
   
Author(s) : Pratik Mandon , Eswara Prasad
Tables: 67
Charts: 53
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Refinery Vacuum Distillation Units Market Analysis 2021-2030

The global refinery vacuum distillation units market size was valued at $2.2 billion in 2020, and is projected to reach $2.7 billion by 2030, growing at a CAGR of 2.0% from 2021 to 2030. Vacuum distillation is performed under reduced pressure, which allows the purification of compounds not readily distilled at ambient pressures or simply to save time or energy. The refining of crude oil begins with distilling the incoming crude oil in a vacuum distillation column operating at pressures slightly above atmospheric pressure. Vacuum distillation can also be referred to as "low-temperature distillation." In oil refineries, the residue from the atmospheric tower contains gas oils that are not recovered. The crude unit heater outlet temperature is limited due to the concerns over thermal cracking. Thus, the residue from the bottoms of the atmospheric distillation unit can be piped to another distillation column operated under vacuum (0.4 PSI), called a vacuum distillation unit (VDU), to recover additional heavy distillates.

The COVID-19 pandemic has negatively affected the Refinery Vacuum Distillation Units market due to a reduction in consumption of refined petroleum products and declining economic development due to various lockdown measures implemented globally. The COVID-19 pandemic coupled with the high volatility of crude oil prices has delayed many refinery projects across the globe.

The growth of the global refinery vacuum distillation units market is driven by increase in petroleum products in the coming future. Furthermore, oil is a major component employed in the process of power generation. With the rising consumption rate of electricity across the world, the demand in the global refinery vacuum distillation units market has correspondingly increased. Moreover, one of the key drivers of refinery vacuum distillation units market is surge in demand for petrochemicals to make plastics. However, the growth of the refinery vacuum distillation units market is restrained by factors such as lack of funds, delay in commissioning projects, acquiring lands, and increase in adoption of electric vehicles in developed and developing nations across the world. These are some of the refinery vacuum distillation units market trends observed globally.

Refinery-Vacuum-Distillation-Unit-Market-2021-2030

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The global refinery vacuum distillation units market is segmented into type and region. On the basis of type, the market is segregated into dry and wet. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. 

Major players operating in the global refinery vacuum distillation units industry are Rufouz Hitek Engineers Pvt. Ltd., GEA Group Aktiengesellschaft, Edgen Murray, Maleta Cyclic Distillation LLC, Maverick Engineering, Inc., Alfa Laval, Busch Group,  KURAF MUHENDISLIK, Axens, and Praj Industries.

Global refinery vacuum distillation units market, by type

The dry segment accounted for the largest share in 2020, and projected to grow at the highest CAGR of 2.2%. The dry refinery vacuum distillation unit segment dominated the market, as these units do not introduce steam into the tower, and are more applicable in gas oil and fuels production.

Refinery Vacuum Distillation Units Market
By Type

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Dry Type in Refinery Vacuum Distillation Unit is projected as the most lucrative segment.

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Refinery vacuum distillation units market, by region

The Asia-Pacific accounted for the largest share in 2020, and projected to grow at the highest CAGR of 2.7%, owing to the upcoming major refinery projects in China and India. 

Refinery Vacuum Distillation Units Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific is projected as the most lucrative market.

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Key Benefits For Stakeholders

  • The report provides in-depth analysis of the global refinery vacuum distillation units market along with the current trends and future estimations. 
  • This report highlights the key drivers, opportunities, and restraints of the market along with the impact analysis during the forecast period.
  • The Porter’s five forces analysis helps to analyze the potential of the buyers & suppliers and the competitive scenario of the global refinery vacuum distillation units market for strategy building.
  • A comprehensive market analysis covers the factors that drive and restrain the global refinery vacuum distillation units market growth.
  • The qualitative data about market dynamics, trends, and developments is provided in the report.

Impact of COVID-19 on the global refinery vacuum distillation units market

  • The impact of COVID-19 and the oil prices war are proving to be a two-pronged crisis for oil, gas, and chemicals companies. Oil prices are dropping due to failed agreements on production cuts and the need for chemicals and refined products is slowing from industrial slow-downs and travel restrictions in the wake of this global pandemic.
  • The COVID-19 pandemic has negatively affected the market due to a reduction in consumption of refined petroleum products and declining economic development across the major nations of the world. The COVID-19 pandemic coupled with the high volatility of crude oil prices has delayed many refinery projects across the globe.
  • Owing to the COVID-19 pandemic, transport limitations were implemented, resulting in reduced industrial production and disrupted supply chains, which affected global economic growth by a substantial proportion, severely impacting market growth.
  • Furthermore, due to social distancing norms during COVID-19, the manufacturing companies are working with limited workforce, thus negatively impacting the production processes.

Key Market Segments

By Type

  • Dry
  • Wet

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Russia
    • UK
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Singapore
    • Indonesia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Argentina
    • Venezuela
    • Saudi Arabia
    • Iran
    • Iraq
    • UAE
    • Kuwait
    • Rest of LAMEA

Key Market Players 

  • Rufouz Hitek Engineers Pvt. Ltd. 
  • GEA Group Aktiengesellschaft 
  • Edgen Murray
  • Maleta Cyclic Distillation LLC 
  • Maverick Engineering, Inc.
  • Alfa Laval
  • Busch Group  
  • KURAF MUHENDISLIK 
  • Axens
  • Praj Industries
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research

1.5.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET LANDSCAPE

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets

3.3.Porter's five forces analysis
3.5.Market share analysis & top player positioning, 2020

3.5.1.Top player positioning, 2020

3.6.Market dynamics

3.6.1.Drivers

3.6.1.1.High dependence on crude oil for fossil fuels and plastic products
3.6.1.2.Capacity expansion and new crude oil refinery projects globally

3.6.2.Restraint

3.6.2.1.High equipment cost

3.7.Value chain
3.8.Impact of key regulations on the global refinery vacuum distillation units market
3.9.Impact of COVID-19 outburst on the Refinery vacuum distillation units market

CHAPTER 4:REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE

4.1.Overview

4.1.1.Market size and forecast

4.2.Dry

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Wet

4.3.1.Key market trends, growth factors, and opportunities
4.3.3.Market size and forecast, by region
4.3.4.Market analysis, by country

CHAPTER 5:REFINERY VACUUM DISTILLATION UNITS MARKET, BY REGION

5.1.Overview

5.1.1.Market size and forecast

5.2.North America

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by Type
5.2.3.Market share analysis, by country

5.2.3.1.U.S.

5.2.3.1.1.Market size and forecast, by type

5.2.3.2.Canada

5.2.3.2.1.Market size and forecast, by type

5.2.3.3.Mexico

5.2.3.3.1.Market size and forecast, by type

5.3.Europe

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by TYPE
5.3.3.Market share analysis, by country

5.3.3.1.Germany

5.3.3.1.1.Market size and forecast, by type

5.3.3.2.UK

5.3.3.2.1.Market size and forecast, by type

5.3.3.3.France

5.3.3.3.1.Market size and forecast, by type

5.3.3.4.Italy

5.3.3.4.1.Market size and forecast, by type

5.3.3.5.Spain

5.3.3.5.1.Market size and forecast, by type

5.3.3.6.Netherlands

5.3.3.6.1.Market size and forecast, by type

5.3.3.7.Russia

5.3.3.7.1.Market size and forecast, by type

5.3.3.8.Rest of Europe

5.3.3.8.1.Market size and forecast, by type

5.4.Asia-Pacific

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by Type
5.4.3.Market share analysis, by country

5.4.3.1.China

5.4.3.1.1.Market size and forecast, by type

5.4.3.2.Japan

5.4.3.2.1.Market size and forecast, by type

5.4.3.3.India

5.4.3.3.1.Market size and forecast, by type

5.4.3.4.South Korea

5.4.3.4.1.Market size and forecast, by type

5.4.3.5.Singapore

5.4.3.5.1.Market size and forecast, by type

5.4.3.6.Indonesia

5.4.3.6.1.Market size and forecast, by type

5.4.3.7.Rest of Asia-Pacific

5.4.3.7.1.Market size and forecast, by type

5.5.LAMEA

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by TYPE
5.5.3.Market share analysis, by country

5.5.3.1.Brazil

5.5.3.1.1.Market size and forecast, by type

5.5.3.2.Argentina

5.5.3.2.1.Market size and forecast, by type

5.5.3.3.Venezuela

5.5.3.3.1.Market size and forecast, by type

5.5.3.4.Saudi Arabia

5.5.3.4.1.Market size and forecast, by type

5.5.3.5.Iran

5.5.3.5.1.Market size and forecast, by type

5.5.3.6.Iraq

5.5.3.6.1.Market size and forecast, by type

5.5.3.7.UAE

5.5.3.7.1.Market size and forecast, by type

5.5.3.8.Kuwait

5.5.3.8.1.Market size and forecast, by type

5.5.3.9.Rest of LAMEA

5.5.3.9.1.Market size and forecast, by type

CHAPTER 6:COMPETITIVE LANDSCAPE

6.1.Introduction
6.2.Product mapping of top 10 players
6.3.Competitive Heatmap
6.4.Key development

6.4.1.Collaboration

CHAPTER 7:COMPANY PROFILES

7.1.GEA Group Aktiengesellschaft

7.1.1.Company overview
7.1.2.Company snapshot
7.1.3.Operating business segments
7.1.4.Product portfolio
7.1.5.Business performance

7.2.EDGEN MURRAY

7.2.1.Company overview
7.2.2.Company snapshot
7.2.3.Product portfolio

7.3.Maleta Cyclic Distillation Llc

7.3.1.Company overview
7.3.2.Company snapshot
7.3.3.Product portfolio

7.4.MAVERICK ENGINEERING, INC.

7.4.1.Company overview
7.4.2.Company snapshot
7.4.3.Product portfolio
7.5.Alfa Laval

7.5.1.Company overview
7.5.2.Company snapshot
7.5.3.Operating business segments
7.5.4.Product portfolio
7.5.5.Business performance

7.6.Axens

7.6.1.Company overview
7.6.2.Company snapshot
7.6.3.Product portfolio
7.6.4.Key strategic moves and developments

7.7.PRAJ INDUSTRIES

7.7.1.Company overview
7.7.2.Company snapshot
7.7.3.Product portfolio
7.7.4.Business performance

7.8.Rufouz hitek engineers pvt. ltd.

7.8.1.Company overview
7.8.2.Company snapshot
7.8.3.Product portfolio

7.9.Kuraf Mühendislik

7.9.1.Company overview
7.9.2.Company snapshot
7.9.3.Product portfolio

7.10.Busch Group

7.10.1.Company overview
7.10.2.Company snapshot
7.10.3.Product portfolio
7.10.4.Key strategic moves and developments

LIST OF TABLES

TABLE 01.GLOBAL REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020–2030($MILLION)
TABLE 02.DRY REFINERY VACUUM DISTILLATION UNITS MARKET, BY REGION, 2020-2030 ($MILLION)
TABLE 03.WET REFINERY VACUUM DISTILLATION UNITS MARKET, BY REGION, 2020-2030 ($MILLION)
TABLE 04.REFINERY VACUUM DISTILLATION UNITS MARKET, BY REGION, 2020-2030 ($MILLION)
TABLE 05.NORTH AMERICA REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 06.NORTH AMERICA REFINERY VACUUM DISTILLATION UNITS MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 07.U.S. REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 08.CANADA REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 09.MEXICO REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 10.EUROPE REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 11.EUROPE REFINERY VACUUM DISTILLATION UNITS MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 12.GERMANY REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 13.UK REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 14.FRANCE REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 15.ITALY REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 16.SPAIN REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE ($MILLION)
TABLE 17.NETHERLANDS REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE ($MILLION)
TABLE 18.RUSSIA REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 19.REST OF EUROPE REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 20.ASIA-PACIFIC REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 21.ASIA-PACIFIC REFINERY VACUUM DISTILLATION UNITS MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 22.CHINA REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 23.JAPAN REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 24.INDIA REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 25.SOUTH KOREA REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 26.SINGAPORE REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 27.INDONESIA REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 28.REST OF ASIA-PACIFIC REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 29.LAMEA REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 30.LAMEA REFINERY VACUUM DISTILLATION UNITS MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 31.BRAZIL REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 32.ARGENTINA REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 33.VENEZUELA REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 34.SAUDI ARABIA REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 35.IRAN REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 36.IRAQ REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 37.UAE REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 38.KUWAIT REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 39.REST OF LAMEA REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 40.KEY COLLABORATION
TABLE 41.GEA GROUP AKTIENGESELLSCHAFT: COMPANY SNAPSHOT
TABLE 42.GEA GROUP AKTIENGESELLSCHAFT: OPERATING SEGMENTS
TABLE 43.GEA GROUP AKTIENGESELLSCHAFT: PRODUCT PORTFOLIO
TABLE 44.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 45.EDGEN MURRAY: COMPANY SNAPSHOT
TABLE 46.BORAL LTD.: PRODUCT PORTFOLIO
TABLE 47.MALETA CYCLIC DISTILLATION LLC: COMPANY SNAPSHOT
TABLE 48.MALETA CYCLIC DISTILLATION LLC: PRODUCT PORTFOLIO
TABLE 49.MAVERICK ENGINEERING, INC.: COMPANY SNAPSHOT
TABLE 50.MAVERICK ENGINEERING, INC.: PRODUCT PORTFOLIO
TABLE 51.ALFA LAVAL: COMPANY SNAPSHOT
TABLE 52.MALETA CYCLIC DISTILLATION LLC: OPERATING SEGMENT
TABLE 53.MALETA CYCLIC DISTILLATION LLC: PRODUCT PORTFOLIO
TABLE 54.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 55.AXENS LLC: COMPANY SNAPSHOT
TABLE 56.AXENS LLC: PRODUCT PORTFOLIO
TABLE 57.AXENS LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 58.PRAJ INDUSTRIES: COMPANY SNAPSHOT
TABLE 59.PRAJ INDUSTRIES: PRODUCT PORTFOLIO
TABLE 60.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 61.RUFOUZ HITEK ENGINEERS PVT. LTD.: COMPANY SNAPSHOT
TABLE 62.RUFOUZ HITEK ENGINEERS PVT. LTD.: PRODUCT PORTFOLIO
TABLE 63.SIKA AG: COMPANY SNAPSHOT
TABLE 64.SIKA AG: PRODUCT PORTFOLIO
TABLE 65.BUSCH GROUP: COMPANY SNAPSHOT
TABLE 66.BUSCH GROUP: PRODUCT PORTFOLIO
TABLE 67.BUSCH GROUP LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS


LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY, BY SEGMENT
FIGURE 03.EXECUTIVE SUMMARY, BY COUNTRY
FIGURE 04.TOP INVESTMENT POCKETS, BY COUNTRY
FIGURE 05.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 06.MODERATE THREAT OF NEW ENTRANTS
FIGURE 07.MODERATE THREAT OF SUBSTITUTES
FIGURE 08.HIGH INTENSITY OF RIVALRY
FIGURE 09.HIGH BARGAINING POWER OF BUYERS
FIGURE 10.TOP PLAYER POSITIONING, 2020
FIGURE 11.REFINERY VACUUM DISTILLATION UNITS DYNAMICS
FIGURE 12.REFINERY VACUUM DISTILLATION UNITS MARKET: VALUE CHAIN
FIGURE 13.GLOBAL REFINERY VACUUM DISTILLATION UNITS MARKET, BY TYPE, 2020–2030 ($MILLION)
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF DRY REFINERY VACUUM DISTILLATION UNITS MARKET, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF WET REFINERY VACUUM DISTILLATION UNITS MARKET, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 16.U.S. REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 17.CANADA REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 18.MEXICO REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 19.GERMANY REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 20.UK REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 21.FRANCE REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 22.ITALY REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 23.SPAIN REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 24.NETHERLANDS REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 25.RUSSIA REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 26.REST OF EUROPE REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 27.CHINA REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 28.JAPAN REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 29.INDIA REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 30.SOUTH KOREA REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 31.SINGAPORE REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 32.INDONESIA REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 33.REST OF ASIA-PACIFIC REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 34.BRAZIL REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 35.ARGENTINA REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 36.VENEZUELA REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 37.SAUDI ARABIA REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 38.IRAN REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 39.IRAQ REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 40.UAE REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 41.KUWAIT REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 42.REST OF LAMEA REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 43.PRODUCT MAPPING OF TOP 10 PLAYERS SOURCE: COMPANY WEBSITE,
FIGURE 44.COMPETITIVE HEATMAP
FIGURE 45.GEA GROUP AKTIENGESELLSCHAFT: NET SALES, 2018–2020 ($MILLION)
FIGURE 46.GEA GROUP AKTIENGESELLSCHAFT: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 47.MALETA CYCLIC DISTILLATION LLC: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 48.ALFA LAVAL: NET SALES, 2018–2020 ($MILLION)
FIGURE 49.ALFA LAVAL: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 50.ALFA LAVAL: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 51.PRAJ INDUSTRIES: NET SALES, 2018–2020 ($MILLION)
FIGURE 52.PRAJ INDUSTRIES.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 53.PRAJ INDUSTRIES: REVENUE SHARE BY REGION, 2020 (%)

 
 

Vacuum distillation is a step in the refining process that aids in the production of petroleum products from the heavier oils that remain after atmospheric distillation. A vacuum distillation unit (VDU), a secondary processing unit consisting of vacuum distillation columns, is found in around 80% of refineries in the U.S. The distillation column is under vacuum or substantially less than atmospheric pressure of 760 millimeters of mercury (mmHg). The growth of the refinery vacuum distillation units market is likely to be driven by a high reliance on crude oil for fossil fuels and plastic goods. Furthermore, capacity expansion and new crude oil refinery projects globally is augmenting the growth of the refinery vacuum distillation units market. However, high equipment cost may hinder the growth of refinery vacuum distillation units market during the forecast period.

The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.

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FREQUENTLY ASKED QUESTIONS?
Our Report Looks Like This
 

A. High dependence on crude oil for fossil fuels and plastic products is the key factor driving the global refinery vacuum distillation units market

A. The market value of global refinery vacuum distillation units market in 2021 is expected to be $ 2.2 billion and projected to rise to $ 2.7 billion in 2030.

A. The report sample for global refinery vacuum distillation units market report can be obtained on demand from the website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.

A. The leading players in the market are including Rufouz Hitek Engineers Pvt. Ltd., GEA Group Aktiengesellschaft, Edgen Murray, Maleta Cyclic Distillation LLC, Maverick Engineering, Inc., Alfa Laval, Busch Group, KURAF MUHENDISLIK, Axens, and Praj Industries.

A. The oil and petroleum industry is projected to increase the demand for refinery vacuum distillation units market during the forecast period.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. The global refinery vacuum distillation units market is segmented on the basis of type, and region

A. Capacity expansion and new crude oil refinery projects globally is driver of refinery vacuum distillation units market.

A. The oil refineries application in the global refinery vacuum distillation units market is projected to increase the demand of refinery vacuum distillation units during the forecast period.

A. The COVID-19 pandemic has negatively affected the market due to a reduction in consumption of refined petroleum products and declining economic development across the major nations of the world. The COVID-19 pandemic coupled with the high volatility of crude oil prices has delayed many refinery projects across the globe.

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