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Deodorization Systems Market Projections, Future Opportunities Recorded for the Period Until 2026 | Reports And Data
Deodorization Systems Size - USD 3.20 Billion in 2018, Growth - CAGR of 4.14%, Industry Trends.
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According to the current analysis of Reports and Data, the global Deodorization Systems market was valued at USD 3.20 Billion in 2018 and expected to reach USD 4.25 Billion by the year 2026, at a CAGR of 4.14%. The major factors which drive the industry are increasing demand for edible oil for domestic use, rising demand for deodorizer distillates for industrial use, stringent regulations imposed on the production of oil, these factors expected to boost the market in upcoming years.
Companies considered and profiled in this market study:
Alfa Laval AB (Sweden), Desmet Ballestra (Belgium), Crown Iron Works (US), Compro International (Canada), Zhengzhou Sunshine Machinery Co. Inc. (China), Luohe Zhonzhiyuan Grains & Oil Machinery Co. Inc (China), Myande Group (China), Goyum Screw Press Pvt. Ltd. (India), HUM Technologies (Turkey), Andreotti Impianti S.p.A (Italy), DVC Process Technologists Pvt. Ltd. (India), and Gianazza International S.p.A. (Italy)).
Component (Revenue, USD Million; 2016-2026)
Pumps
Towers
Coolers
Oil and Water Management Systems
Tanks
Technology (Revenue, USD Million; 2016-2026)
Thin Film
Packed Column
Refining Method (Revenue, USD Million; 2016-2026)
Physical Refining
Chemical Refining
Operation (Revenue, USD Million; 2016-2026)
Batch Deodorization Systems
Semi-Continuous Systems
Continuous Deodorization Systems
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Edible Oil (Revenue, USD Million; 2016-2026)
Soybean
Olive
Peanut
Rapeseed/Canola
Sunflower
Palm Kernel
Cottonseed
Coconut
Palm
Others
Market Segment by Regions, regional analysis covers:
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, and Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Further key findings from the report suggest
-The Deodorization Systems market is growing at a CAGR of 2% in the Asia Pacific, followed by North America and Europe. The Asia-Pacific is showing significant growth due to the presence of key manufacturers and suppliers, and an increase in investment by the installation of manufacturing plants expected to boost the market in upcoming years.
-Based on the component, the market is into Pumps, Towers, Coolers, Oil and Water Management Systems, and Tanks. The coolers play a significant role in the processing of lubricants in system in such a way that the temperature of the oil to be processed varies according to the type of lubricants such as liquid cottonseed, liquid soybean, safflower, corn, sunflower, and palm olein lubricants should be cooled down to
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