The rising demand for technologically upgraded industrial evaporators and increasing research activities are the vital market growth parameters
Market Size – USD 523.5 million in 2020, Market Growth – at a CAGR of 7.5%, Market Trends – Growing focus of the pharmaceutical sector on novel drug development
The global solvent evaporation market size is expected to reach USD 926.8 million by 2028 at a CAGR of 7.5%, according to a new report by Reports and Data. The global solvent evaporation market has gained immense traction in recent years, owing to the growing demand for highly-advanced industrial evaporators, rising focus on new drug development, higher government investments in the pharmaceutical industry, and increasing collaborations among pharmaceutical companies and academic & research institutions. The other vital factors responsible for the growth of the global solvent evaporation market are the surging number of clinical and research laboratories, the growing emphasis on laboratory automation, soaring demand for large-molecule biopharmaceutical ingredients, and the escalating need for pure and safe pharmaceutical drug samples.
Solvent evaporators are high-performance industrial evaporation systems that efficiently remove impure solvents or materials from drug samples and facilitate the drug development process. Besides the pharmaceutical and biopharmaceutical sectors, solvent evaporation systems find extensive use in chemical, petroleum, food & beverage industries for sample analysis and purification. Solvent evaporators are also used for microencapsulation and the preparation of polymeric nanoparticles for pharmaceutical formulations. Over recent years, technological advancements have taken place in solvent evaporation systems to enhance the evaporation process and improve solvent recovery, leading to a lower environmental impact with purer samples. Hence, the global solvent evaporation market growth is further bolstered by the rapidly surging demand for solvent evaporation systems in numerous end-use industries and the greater efficiency of this evaporation technique compared to other methods, such as spray drying and distillation.
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The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
Heidolph Instruments GmbH & CO. KG, Yamato Scientific Co., Ltd., SP Industries, Inc., BÜCHI Labortechnik AG, Biotage AB, LabTech S.r.l., DOÐA Limited, Porvair plc, Labconco Corporation, Abel Industries Canada Ltd., Steroglass Srl, Asahi Glassplant Inc., Organomation Associates, Inc., EYELA, BioChromato, Inc., IKA Works GmbH & Co. KG, Radleys, KNF Neuberger, Inc., ANPEL Laboratory Technologies Inc., and Pope Scientific, Inc.
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
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The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Solvent Evaporation market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
On basis of product types and application offered by the Solvent Evaporation industry, the market is segmented into:
By Type (Revenue, USD Billion; 2018-2028)
- Nitrogen Blowdown Evaporators
- Centrifugal Evaporators
- Rotary Evaporators
- Small-volume Rotary Evaporators
- Large-volume Rotary Evaporators
- Spiral Air Flow Evaporators/ Intelligent Evaporators/Smart Evaporators
By End-user (Revenue, USD Billion; 2018-2028)
- Pharmaceutical and Biopharmaceutical Industries
- Research and Academic Institutes
- Diagnostic Laboratories
The regional analysis covers:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Benefits of Solvent Evaporation Market Report:
- Panoramic overview of the opportunities and risks in the Solvent Evaporation sector
- Study of recent innovations and developments in the industry
- Comprehensive study of the growth pattern of the Solvent Evaporation industry
- In-depth assessment of the competitive landscape of the key players of the Solvent Evaporation industry
- Analysis of the Solvent Evaporation market drivers, constraints, and opportunities
- Assessment of technological developments and latest trends of the industry
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Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370