The global Evaporation of Solvents 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 Evaporation of Solvents 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 Evaporation of Solvents 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, Evaporation of Solvents 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 Evaporation of Solvents systems to enhance the evaporation process and improve solvent recovery, leading to a lower environmental impact with purer samples. Hence, the global Evaporation of Solvents market growth is further bolstered by the rapidly surging demand for Evaporation of Solvents 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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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 RD 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 RD 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 RD 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.
Key Players covered in this report are
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.
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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
Geographic Segment Covered in the Report:
The Evaporation of Solvents report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
Major Points covered in this report are as below:
• The Evaporation of Solvents industry development trends and marketing channels are analyzed. The feasibility of new investment projects are assessed and overall research conclusions offered.
• With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
• Development policies and plans, manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.
• The Evaporation of Solvents Market report provides key statistics on the market status of the Evaporation of Solvents manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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