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. Deodorization is a steam depriving process wherein good-quality steam, generated from de-aerated and properly treated feedwater, injected into soybean liquid under low absolute pressure and sufficiently high temperature to vaporize the Free Fatty Acid (FFA) and odoriferous compounds and carry this volatiles away from the feedstock.
The latest report is one of the most sought-after market research documents covering the grave impact of the COVID-19 outbreak current situation on the Deodorization Systems market. The market intelligence report closely investigates the severe disruptions to this business sphere brought about by the pandemic. The coronavirus outbreak has significantly affected the Deodorization Systems business landscape, posing threats to the developmental scope of the key manufacturers and buyers involved in this sector. The report further provides expert speculations about the post-COVID-19 scenario of the market.
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The rise in demand for automobiles is expected to drive the market in the coming years. A significant challenge in the market’s growth is affected by the unstable price of the raw materials. Market demand is expected to be restrained by the rising demand for plastic-free products. Rising applications of Deodorization Systems in the coatings and paints are driving the market. The increasing usage of bio-based Deodorization Systems will also supplement Deodorization Systems market revenue share through 2027
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 <100°F (38°C) and not beyond 110°F, Palm oil and palm stearin must be cooled down to <120°F, Hydrogenated products must be cooled down to a temperature not exceeding 10°F (5°C) above the complete melt point.
Based on Technology, the market is categorized into a thin film and packed column. The packed column section in the deodorization systems industry is projected to be the fastest-growing segment as packed column technology employs a dual temperature system, which allows the deodorizer to operate at two separate temperatures. This allows the system to achieve a better balance in terms of the residence time for deodorization, thereby allowing the deodorization equipment to process edible oils at various temperature and pressure requirements.
By refining method, the industry is segmented into Physical Refining and Chemical Refining. The chemical refining segment is expected to hold a significant industry share in the deodorization systems during the forecast period as it is a relatively efficient method for reducing the fatty acid content in crude oil with a higher boiling point. This technique used to treat the oil with high free fatty acid content.
By edible oil, The palm oil segment dominates the industry as palm oil can easily be refined and has lower costs. Palm oils have a superior tocopherol content, which is supported by commercial enterprises as this results in better stability in these liquids, thereby enhancing their shelf life. Malaysia and Indonesia are among the key players in the industry.
The global Deodorization Systems market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies’ current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.
The leading companies operating across the global Deodorization Systems market are listed below:
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
Edible Oil (Revenue, USD Million; 2016–2026)
Soybean, Olive, Peanut, Rapeseed/Canola, Sunflower, Palm Kernel, Cottonseed, Coconut, Palm, Others
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Key Takeaways from the Global Deodorization Systems Market report:
The global Deodorization Systems market report entails a broad product segmentation.
It methodically evaluates the overall product expanse of this business space.
The report covers pivotal information about the accrued market share of each product type, their profit estimations, and production growth graph.
The report provides the reader with a generic summary of the application gamut of the global Deodorization Systems market.
The report further details the market share and product demand for each application segment.
The study estimates the growth rate of each application segment over the projected timeframe.
Moreover, the report offers crucial information on the different parameters boosting the global market expansion, such as raw material production and market concentration rates.
Table Of Contents:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Deodorization Systems Market Segmentation & Impact Analysis
Chapter 5. Deodorization Systems Market by Component Insights & Trends
Chapter 6. Deodorization Systems Market By Technology Insights & Trends
Chapter 7. Deodorization Systems Market By Refining Method Insights & Trends
Chapter 8. Deodorization Systems Market By Operation Insights & Trends
Chapter 9. Deodorization Systems Market By Edible Oil Insights & Trends
Chapter 10. Deodorization Systems Market Regional Outlook
Chapter 11. Competitive Landscape
Chapter 12. Company Profiles
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