Press release
Vacuum Pump Market Research Report 2019 – 2025 | DEKKER, Shimadzu, Busch, Becker, Pfeiffer, Atlas Copco, Ebara
Vacuum Pump Market
Development in chemical industry is the key factor impacting the sales of vacuum pump positively in coming years. Global chemical industry is likely to register around USD 5.5 billion by 2025 and China accounts the major share in the vacuum pump market. This is all due to the existence of various small as well as medium scale manufacturers which caters the native demand, and this trend is expected to follow throughout the forecast period.
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Developing economies like Indonesia, India and Thailand and will spur the chemical market growth in Asia Pacific region. Extensive usage of the product in chemical industry for many critical applications, such as in maintaining clean & dry reaction environments, will propel the regional Vacuum Pump Market demand over the forecast spell.
Significant growth in pharmaceutical industry in emerging economies such as Europe and North America will boost the sales of vacuum pump market positively in future. Vacuum pumps are used during the manufacturing of active pharmaceutical ingredients (APIs), intermediate products and bulk drugs to maintain the perfect reaction environment. In 2017, the U.S. minimal spending on pharma products crossed USD 450 billion.
Vacuum pump market in China will likely to witness around 7% CAGR in future, with revenue more than USD 2 billion by 2025. Prevalence of basic chemical and consumer electronic products manufacturing industries in China will bolster the regional market demand over the forecast timeframe.
Vacuum Pump Market by End-user:
• Chemical & pharmaceutical
• Semiconductor & electronics
• Oil & gas
• Food & beverages
• Wood, paper & pulp
• Others
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Upsurge in research & development investment in medical sector coupled with outbreak of various diseases owing to the change in food habits, lifestyle and climatic conditions are the factors that will have significant impact on the sales of medicine, and thus will drive the vacuum pump market in coming years.
Oil & gas sector will dominate the entire end-user segment with an estimated CAGR of 6% over the forecast years. Upsurge in investments for production & exploration activities with current changes in policies related to production of oil & gas specially in North America is crucial factor for vacuum pump market growth by 2025.
The major players in the vacuum pump market include DEKKER, Shimadzu, Busch, Becker, Pfeiffer, Atlas Copco, Ebara, Agilent, ULVAC, Kashiyama, etc.
Related News: https://www.globenewswire.com/news-release/2018/06/26/1529391/0/en/Global-Vacuum-Pump-Market-to-cross-6-5bn-by-2025-Global-Market-Insights-Inc.html
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