What is Tower Packing?
Tower packing is used in cooling towers to provide a high surface area for steam condensation without restricting airflow. It is a mass of inert, solid shapes. Tower packing is generally in a cylindrical column which provides a greater surface area for the gas and liquid in a web scrubber to make contact. A greater surface area is beneficial for coalescing steam and water in high moisture applications.
The market study is broken down by Type (Corrugated sheet, Plastic balls, Ceramic balls and Others), by Application (Aeration, Acid gas scrubbing, Catalytic gas scrubbing, Distillation, Precipitation and Others) and major geographies with country level break-up.
Global Tower Packing is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sulzer (Switzerland), Koch Industries (United States), Raschig (Germany), Vereinigte Füllkörper-Fabriken GmbH and Co KG (VFF) (Germany), Koch Industries (United States), Munters (Sweden), MTE (United States), Haiyan New Century Petrochemical (China), Zehua Chemical Engineering (United States), Tianjin Univtech (China) and GTC Technology US (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Matsui Machine (Japan) and Lantec Products (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Tower Packing market by Type, Application and Region.
On the basis of geography, the market of Tower Packing 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). If we see Market by End-Use Verticals, the sub-segment i.e. Chemical Industry will boost the Tower Packing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. High distillation will boost the Tower Packing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Growing Industrialization across the Globe
- Rising Research and Development Activities
Market Drivers
- Surging Applications of Tower Packing for Aeration, Distillation, and Other Purposes
- Increasing Demand for Tower Packing from Chemical Industry
Opportunities
- Rising Adoption of Tower Packing will create Opportunities for Market Growth
Restraints
- Volatile Raw Material Prices
Key Target Audience
Tower Packing Manufacturers, Tower Packing Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.