What is Plastic Raschig Rings Market?
Raschig rings are the tubular pieces which are commonly used as random packing materials in chemical processing and mass transfer operations, such as fractional distillation. These are a cylindrical tube having an equal length and diameter. Also, they are made from carbon, ceramic, plastic or metal. It is essential to manufacture quality and consistent raschig rings as they have the critical role in chemical separation process. It has various applications such as distilled spirits, chemical tower operations, ethanol production, gas processing, and liquid extraction.
The market study is being classified, by Application (Distilled Spirits manufacturing, Chemical tower operations, Ethanol production, Gas processing, Absorbers/Strippers, Pollution control scrubbers and Mass transfer) and major geographies with country level break-up.
Naturegreen Exports (India), Pallrings (United Kingdom), Raschig GmbH (Germany), Wisconsin Stamping & Manufacturing (United States), Fluid systems (India), Coron Enterprise (India), Ultimo Engineers (India), JINTAI Ceramic (China), Varun Engineering (India) and Sulzer (Switzerland) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are AceChemPack Tower Packing Co., Ltd (United Stated), Fluoro-Plastics, Inc. (United Stated) and PingXiang LianChuang (China).
The global Plastic raschig rings market is witnessing rise in competitiveness among the players. In terms of market share, the major players are currently dominating. However, some of the companies are increasing the market presence by securing new contracts and tapping new markets. Research Analyst at AMA predicts that India Manufacturers will contribute to the maximum growth of Global Plastic Raschig Rings market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Plastic Raschig Rings market by Type, Application and Region.
On the basis of geography, the market of Plastic Raschig Rings 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Wide range of applications of raschig rings is fueling the market
Market Trend
- Increasing usage of raschig rings in crude oil refineries, and petrochemical plants.
Restraints
- Availability of alternative product with different materials
Opportunities
- Growing industrialization in developing economies
Challenges
- The lockdown imposed on manufacturing may hamper the manufacturing as well as supply chain of raschig rings
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others