Deodorization Systems Market to Witness Unprecedented Growth in Coming Years

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Deodorization Systems Market to Witness Unprecedented Growth in Coming Years

October 22
19:59 2020
Deodorization Systems Market to Witness Unprecedented Growth in Coming Years

MarketsandMarkets™
The deodorization systems market is estimated to account for a value of USD 3.4 billion in 2018 and is projected to grow at a CAGR of 4.9% from 2018, to reach a value of USD 4.3 billion by 2023

The deodorization systems market is estimated at USD 3.4 billion in 2018 and is projected to reach USD 4.3 billion by 2023, at a CAGR of 4.9%. Increasing industrialization and rapid urbanization have fueled the demand for reactive deodorization technology, which has significantly contributed to the growth of the market. Imposition of stringent regulations pertaining to oils with lower fatty acid content has further escalated the demand for deodorization technology in the edible oils industry. The deodorization technology solutions help end users in maintaining a certain level of purity during refining processes of edible oils. These factors are projected to drive the growth of the deodorization systems market during the forecast period.

Deodorization Systems Market

Of the various technologies, the packed column segment is projected to record the largest market share from 2018 to 2023. The packed column technology is used from the standpoint of increasing efficiency and capacity. This technology employs structured packing with a higher surface area compared to other systems. This results in shorter contact time for the countercurrent flow of oil and vapor, thereby making it more efficient. Packed columns are often added to increase the capacity of existing deodorization systems. The system demonstrates enhanced efficiency in the stripping of free-fatty acids, volatile compounds, and foreign contaminants.

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Based on refining method, the chemical refining segment is projected to grow at the highest CAGR from 2018 to 2023. The chemical refining process involves the removal of free-fatty acids with the use of a chemical substance, which in this case is caustic soda. The crude oil undergoes a degumming process, following which processing acids such as caustic soda are introduced to remove any underlying seed particles, carbohydrates, metal traces, or other impurities.

On the basis of edible oil, the palm oil segment is projected to grow at the highest CAGR from 2018 to 2023. Increasing demand for palm oil in the global market is projected to contribute toward the growth of this segment during the forecast period. Deodorization is used as the key refining process in palm oil refining in major oil-producing nations such as Indonesia and Malaysia.

Based on component, the towers segment is projected to have the largest market share between 2018 and 2023. Towers comprise the deacidification deodorizing tower and the cooling water tower. The deacidification deodorization tower is among the crucial tools that carry out the deodorization process. The tower is primarily utilized in continuous and semi-continuous systems where the process utilizes column-based infrastructure. In the tower houses, various components are associated with the deodorization process, such as pumps, trays, economizers, heat exchangers, and other retrofitted components.

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Asia Pacific is estimated to dominate the deodorization systems market in 2018 and is further projected to grow at the highest CAGR during the forecast period. The demand for deodorization systems in the edible oils industry is projected to increase with the improvements in infrastructure and technological advancements in the region. The development of automated deodorization systems and increased oil crop production in the region have helped companies such as Alfa Laval, Luohe Zhongiziyuan Grain and Oil Machinery Co., and Myande Group achieve a key role in the Asia Pacific market.

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