New York, NY -- (SBWire) -- 05/04/2021 --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.
Some Key Highlights in the Report:
The rotary evaporators segment is expected to emerge as the leading segment over the projected period, with the fastest CAGR. The escalating demand for pure pharmaceutical samples, increasing usage of rotary evaporators in the pharmaceutical and chemical industries, rising emphasis on acquiring laboratory automation solutions, and augmented investments in R&D activities are the pivotal factors propelling the growth of this segment.
The academic & research institutes are the largest end-user segment, accounting for the highest revenue share. Considerable government funding for academic and research institutions, extensive use of advanced tools for life sciences R&D activities, growing focus on developing more effective therapeutic drugs, and rising research collaborations between pharmaceutical companies and research institutes are predicted to fuel this segment's growth.
The North American region is forecast to register the highest revenue growth rate over the estimated period, mainly owing to the region's expanding pharmaceutical industry, growing demand for enhanced drug quality, a surge in R&D activities in the life sciences industry, and the increasing adoption of advanced manufacturing equipment for biopharmaceutical research. The mounting demand for advanced biosimilars and biologics is another factor indispensable to the regional market growth.
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. are the most prominent companies involved in the global solvent evaporation market.
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For the purpose of this report, the global solvent evaporation market has been segmented based on type, end-user, and region:
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
By Region (Revenue, USD Billion; 2018-2028)
North America
S.
Canada
Europe
Germany
K.
France
BENELUX
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of the Asia Pacific
Latin America
Brazil
Rest of Latin America
Middle East & Africa
Saudi Arabia
UAE
Rest of the Middle East & Africa
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Key Highlights of the Global Solvent Evaporation Market Report:
Location Quotients Analysis
Raw Material Sourcing Strategy
Product Mix Matrix
Supply chain optimization analysis
Patent Analysis
R&D Analysis
Carbon Footprint Analysis
Pre-commodity pricing volatility
Cost-Benefit Analysis
Regional demand estimation and forecast
Competitive Analysis
Vendor Management
Mergers & Acquisitions
Technological advancements
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Material Type Outlook
2.3. Application Outlook
2.4. Regional Insights
Chapter 3. Solvent Evaporation Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter's Five Forces
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Solvent Evaporation Market
3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Consumer Calorie Perception
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Solvent Evaporation Market: Type Estimates & Trend Analysis
Continued…..
Solvent Evaporation Market Outlook, Research, Trends and Forecast to 2028 : Organomation Associates, EYELA, BioChromato, Etc.
Solvent Evaporation 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