The Automatic Distillation Analyzer market share is projected to reach US$ 1,667.7 Mn in 2032. According to FMI, the market is estimated to be valued at US$ 922.5 Mn in 2022 and is projected to increase at a CAGR of 6.1% in the forecast period from 2022 to 2032.
Attributes | Details |
---|---|
Market Size (2021) | US$ 869.5 Million |
Market Size 2022 | US$ 922.5 Million |
Market Size 2032 | US$ 1,667.7 Million |
Value CAGR (2022 to 2032) | 6.1% |
Many industries, including the pharmaceutical, automotive, cosmetic, perfume, food processing, and agricultural sectors, are increasingly using automatic distillation analyzers. As a result, the demand for the global automatic distillation analyzer market has shown an outstanding growth due to their growing use of several end-use industries around the world.
This equipment is used to carry out distillation analyses of fuels, oil, gasoline, aromatics and VOC, to make sure that the test product meets the required quality standards. The analyzer does tests automatically, analyses the data, and generates standard reports in accordance with ASTM, ISO, and associated criteria.
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The analysis of Automatic Distillation Analyzer demand from 2017 to 2021 showed a historical growth rate of 3.7% CAGR.
However as per the analysis by FMI, the forecast growth outlook for the market is set to remain around 6.1% for the period of 2022 and 2032.
As a result of its extensive use in pharmaceutical manufacturing facilities to assess the distillation characteristics of various chemicals, organic liquids, and solvents, distillation analyzer sales are also being driven by the pharmaceutical industry. Following the introduction of COVID-19, the pharmaceutical industry has expanded and established new manufacturing facilities in new areas, which has increased demand for distillation analyzers, which is anticipated to account for a sizable market share throughout the projection period.
The automatic distillation analyzer is simple to install and use. It also contains excellent safety features including a heating chamber with low voltage and an automatic fire extinguishing system that is based on enhanced ultraviolet principles. Drain tubes are included for simple cleaning. An automatic distillation analyzer's microprocessor-based control system continuously analyses test results and notifies the user if any maintenance or safety issues arise.
For distillation analysis, the equipment should comply with numerous testing standards including ASTM D86, ASTM D850, ISO 3405, IP 123, and IP 195. A common test procedure for the distillation of petroleum products and liquid fuels, for instance, is ASTM D86.
The process of distillation analysis is finally made easier by technological improvements such as complete automation in distillation analysis, mobility, and remote access through the internet. One of the key factors driving the growth of the distillation analyzer market is the simple operation and precise distillation testing findings made possible by technology advancement.
Thus, the growing usage of mobile and automated analyzers in key end use industries like pharmaceutical, automobile among others will drive the market in the forecast period.
Video cameras are increasingly being used in distillation analysis to show in real time how the sample in the flask responds when it boils during the distillation run and utilise the best heating to precisely follow the method's parameters. Hence, growing use video cameras in these machine will create significant opportunities for the market.
An expert manual distillation operator can use visual monitoring to detect boiling changes early enough to predict the need for heating regulation to reach IBP, 5% within the permitted time, and the management of the distillation rate. There is no need for programming or optimization because the distillation test is accurate on the first try, even for unknown or difficult compounds like biofuels.
Geographically, the market is sub-segmented into six regions namely North America, Latin America, Europe, East Asia, South Asia Pacific and Middle East and Africa, and North America is the largest consumers in the global market.
Among all these regions North America and MEA, collectively accounted for more than 29% of the total Automatic Distillation Analyzer market in 2021.
Leading oil producers like Saudi Arabia and Iraq need to regularly test their petroleum products for distillation. The market expansion of the distillation analyzer is being driven by rising sales of distillation analyzers for distillation analysis in the MEA Region.
North America is a prominent region in the global market. The growing trend of automation in machines coupled with increased need for user efficiency are some of the factors which will play pivotal role in boosting the demand for automatic distillation analysers.
East Asia region remains one of the most lucrative market for the distillation analyzers, with China dominating the market with more than 55% market share. Automotive, food processing and pharmaceutical industry are key demand generating end users.
Also, significant analyzers goes into South Korea’s Cosmetic industry, which is regarded to expand exponentially in the forecast period.
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Key players operating in the Automatic Distillation Analyzer market Grabner Instruments, Koehler Instrument Company, Inc., Anton Paar, Petrolab Company, Estanit, PAC, FOSS and others.
The market participants focus on providing cost effective and technologically advanced machines. Leading players are investing significantly in R&D activities to provide machine with newer feaures.
Attribute | Details |
---|---|
Growth Rate | CAGR of 6.4% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2017 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million, Volume in Tons and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered | By Product Type, By Application, By End Use Industries, Region |
Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East and Africa |
Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, UK, France, Italy, Spain, Russia, China, Japan, India, GCC Countries, Australia |
Key Companies Profiled | Grabner Instruments; Koehler Instrument Company, Inc.; Anton Paar; Petrolab Company; Estanit; PAC; FOSS |
In 2021, the value of the Automatic Distillation Analyzer market reached over US$ 869.5 Mn.
During the forecast period, the Automatic Distillation Analyzer market is estimated to expand at a CAGR of 6.1% during 2022-2032.
The Automatic Distillation Analyzer market is projected to reach US$ 1667.7 Mn by the end of 2032.
North America is projected to lead the Automatic Distillation Analyzer market in the forecast period.
The key players operating in the Automatic Distillation Analyzer market are Grabner Instruments, Koehler Instrument Company, Inc., Anton Paar, Petrolab Company and others.
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