Europe Residue Processing Market
Europe Residue Processing Market was valued at US$ 482.91 Mn in 2020, estimated to reach US$ 790.60 Mn in 2027, with a CAGR of 5.87% from 2021-2027.
processing residue is defined as the substance which is not the end product that a production process directly seeks to produce; it is not a primary aim of the production process & the process has not been deliberately modified to produce it.
Market Drivers
The increase in allergic reaction among consumers is an important factor escalating the Europe residue processing market growth over the forecast period. Furthermore, the increase in disposable income will positively influence the market growth throughout the forecast period.
Moreover, advancements in processing technologies, and international trade of food materials are supporting the growth for residue processing market.
Market Restraints
Lack of awareness about food safety regulations and dearth of food control infrastructure and resources is the major factor among other, and will further challenge the growth of Europe residue processing market throughout the forecast period.
Furthermore, lack of control infrastructure and information as well as Lack of Standardization of Food Safety Regulations may hinder the residue processing market growth.
Market Segmentation
Europe Residue Processing Market is segmented into residue type such as Atmospheric Residue, Vacuum Residue, Crude Oil, Heavy Residue, Metal Extracts, and Others. By services such as Treatment & Disposal, Solids Control, Containment & Handling. By Processing Technology such as Physical Processes, Chemical Processes, Biochemical Processes, Thermochemical.
Further, market is segmented into end use industry such as Energy, Pulp and Paper, Food Industry, Pharmaceuticals, Chemicals, and Others.
Regional Analysis
Europe Residue Processing Market is segmented into various countries such as Germany, France, UK, Turkey, Switzerland, Norway, Sweden, Spain, Denmark, Finland, Iceland, Poland, Luxembourg, Netherlands, Belgium.
The market in Germany is projected to dominate the Europe Residue Processing market due to state-of-art residue processing technologies available in the country. Furthermore, UK is anticipated to witness noteworthy growth primarily due to the rise in the manufacturing segment in the country.
Key Players
Axens, Pörner Group, Haldor Topsoe, UOP, Süd-Chemie, Johnson Matthey, Albemarle, Grace Davison, BASF, ExxonMobil Chemical, etc.
Key Developments:
January 2019: Pörner Group announced EDL's innovative pilot plant expands the possibilities for processing refinery wastes. EDL Anlagenbau Gesellschaft mbH (EDL), a technology supplier and engineering firm based in Leipzig, Germany, provides an innovative pilot plant in conjunction with their SDA PLUS extraction technology. All heavy refinery residues can be evaluated using the full range of solvents at this pilot facility.
September 2021: Haldor Topse and Sasol have expanded their partnership to jointly license and develop their Fischer-Tropsch (FT) technology for sustainable liquid fuels and chemicals production.Sasol and Topse presently provide fully integrated end-to-end solutions for the production of synthetic fuels and chemicals. Topse's SynCOR and Sasol's Low Temperature Fischer-Tropsch technology have been licensed into Gas-to-Liquid (GTL) projects, most recently Uzbekistan GTL, which is nearing completion.
Market Taxonomy
By Residue Type
By Services
By Processing Technology
By End Use Industry
By Country
Key Questions Addressed by the Report
Europe Residue Processing Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Residue Types
3 Executive Summary
4 Europe Residue Processing Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Europe Residue Processing Market, By Residue Type
5.1 Y-o-Y Growth Comparison, By Residue Type
5.2 Europe Residue Processing Market Share Analysis, By Residue Type
5.3 Europe Residue Processing Market Size and Forecast, By Residue Type
5.3.1 Atmospheric Residue
5.3.2. Vacuum Residue
5.3.3. Crude Oil
5.3.4. Heavy Residue
5.3.5. Metal Extracts
5.3.6. Others
6 Europe Residue Processing Market, By Services
6.1 Y-o-Y Growth Comparison, By Services
6.2 Europe Residue Processing Market Share Analysis, By Services
6.3 Europe Residue Processing Market Size and Forecast, By Services
6.3.1 Treatment & Disposal
6.3.2. Solids Control
6.3.3. Containment & Handling
7 Europe Residue Processing Market, By Processing Technology
7.1 Y-o-Y Growth Comparison, By Processing Technology
7.2 Europe Residue Processing Market Share Analysis, By Processing Technology
7.3 Europe Residue Processing Market Size and Forecast, By Processing Technology
7.3.1 Physical Processes
7.3.2. Chemical Processes
7.3.3. Biochemical Processes
8 Europe Residue Processing Market, By End Use Industry
8.1 Y-o-Y Growth Comparison, By End Use Industry
8.2 Europe Residue Processing Market Share Analysis, By End Use Industry
8.3 Europe Residue Processing Market Size and Forecast, By End Use Industry
8.3.1. Packaging (Bottles, Containers, Bags & Films, Strapping, Others)
8.3.2 Energy
8.3.3. Pulp and Paper
8.3.4. Food Industry
8.3.5. Pharmaceuticals
8.3.6. Chemicals
8.3.7. Others
9 Europe Residue Processing Market Analysis and Forecast (2021 – 2027)
9.1 Introduction
9.2 Europe Residue Processing Product Market Share Analysis, By Residue Type
9.3 Europe Residue Processing Product Market Size and Forecast, By Services
9.4 Europe Residue Processing Product Market Size and Forecast, By Processing Technology
9.5 Europe Residue Processing Product Market Size and Forecast, By End Use Industry
9.6 Europe Residue Processing Product Market Size and Forecast, By Country
9.6.1 Germany
9.6.2 France
9.6.3 UK
9.6.4. Turkey
9.6.5. Switzerland
9.6.6. Norway
9.6.7. Sweden
9.6.8. Spain
9.6.9. Denmark
9.6.10 Finland
9.6.11. Iceland
9.6.12 Poland
9.6.13. Luxembourg
9.6.14. Netherlands
9.6.15. Belgium
10 Competitive Analysis
10.1 Competition Dashboard
10.2 Market share Analysis of Top Vendors
10.3 Key Development Strategies
11 Company Profiles
11.1 Axens
11.1.1 Overview
11.1.2 Offerings
11.1.3 Key Financials
11.1.4 Business Segment & Geographic Overview
11.1.5 Key Market Developments
11.1.6 Key Strategies
11.2 Pörner Group
11.2.1 Overview
11.2.2 Offerings
11.2.3 Key Financials
11.2.4 Business Segment & Geographic Overview
11.2.5 Key Market Developments
11.2.6 Key Strategies
11.3 Haldor Topsoe
11.3.1 Overview
11.3.2 Offerings
11.3.3 Key Financials
11.3.4 Business Segment & Geographic Overview
11.3.5 Key Market Developments
11.3.6 Key Strategies
11.4 UOP
11.4.1 Overview
11.4.2 Offerings
11.4.3 Key Financials
11.4.4 Business Segment & Geographic Overview
11.4.5 Key Market Developments
11.4.6 Key Strategies
11.5 Johnson Matthey
11.5.1 Overview
11.5.2 Offerings
11.5.3 Key Financials
11.5.4 Business Segment & Geographic Overview
11.5.5 Key Market Developments
11.5.6 Key Strategies
11.6 Süd-Chemie
11.6.1 Overview
11.6.2 Offerings
11.6.3 Key Financials
11.6.4 Business Segment & Geographic Overview
11.6.5 Key Market Developments
11.6.6 Key Strategies
11.7 Albemarle
11.7.1 Overview
11.7.2 Offerings
11.7.3 Key Financials
11.7.4 Business Segment & Geographic Overview
11.7.5 Key Market Developments
11.7.6 Key Strategies
11.8 Grace Davison
11.8.1 Overview
11.8.2 Offerings
11.8.3 Key Financials
11.8.4 Business Segment & Geographic Overview
11.8.5 Key Market Developments
11.8.6 Key Strategies
11.9 BASF
11.9.1 Overview
11.9.2 Offerings
11.9.3 Key Financials
11.9.4 Business Segment & Geographic Overview
11.9.5 Key Market Developments
11.9.6 Key Strategies
11.10 ExxonMobil Chemical
11.10.1 Overview
11.10.2 Offerings
11.10.3 Key Financials
11.10.4 Business Segment & Geographic Overview
11.10.5 Key Market Developments
11.10.6 Key Strategies
