Solvent Evaporation Market Size, Industry Growth, Sales Revenue, COVID-19 Market Scenario, Opportunity, and Industry Expansion Strategies to 2028

Solvent Evaporation Market Size – USD 523.5 million in 2020, Industry Growth – at a CAGR of 7.5%, Industry Trends – Growing focus of the pharmaceutical sector on novel drug development

Reports and Data has recently published a research report on global Solvent Evaporation market forecast to 2028 providing an overview of the industry. The report offers precise information about market revenue growth, market size, market drivers, restraints, growth opportunities, and challenges along with details about segmentation and top companies. The global Solvent Evaporation market is formulated thorough primary and secondary research and is verified by experts and professionals in the industry. The data is well-represented through charts, graphs, tables, figures and other pictorial presentations. The report also offers details about current pandemic outbreak, increasing prevalence of various diseases, research and development activities, investments, collaborations that can impact global market growth to a certain extend going ahead.

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 global Solvent Evaporation market is expected to register significant growth throughout the forecast period. The pharmaceutical & healthcare sector has register significant revenue growth over the recent past. Technological advancements in the healthcare and medical sector, availability of latest tools and techniques, increasing investments in the healthcare sector and improving healthcare infrastructure are key factors boosting market growth. In addition, rising funds by several public and private sectors, high adoption of POC diagnosis and home care settings, is further fueling market growth.

The current pandemic has been very challenging for all industries including the healthcare and pharma sector. Shortage of medicines, vaccines and others healthcare facilities is expected to open lucrative growth opportunities for market players in going ahead.

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.

Competitive Landscape:

The report offers detailed information about recent activities by market players, their market position, financial status, global standing, services and product portfolio along with license agreement. These key players are adopting various strategies such as partnerships, collaborations, merger and acquisitions, and joint ventures to gain robust footing in the market. These players are also investing in research and development activities to come up with enhanced materials and products.

Leading companies operating in the global Solvent Evaporation market

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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Solvent Evaporation Market Segmentation:

By Type (Revenue, USD Billion; 2018-2028)

• Nitrogen Blowdown Evaporators
• Centrifugal Evaporators
• Rotary Evaporators
o Small-volume Rotary Evaporators
o 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
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Key findings in the report:

• Information about key trends, technological developments, growing focus on drug discovery and investments in research and development activities
• Detailed insights about manufactures, product portfolios, pricing analysis and financial pricing
• Technological developments and detailed analysis in the volatile competitive landscape.
• New strategies adopted by new and emerging market players
• Estimation about manufactures, sales and import and export dynamics

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