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Industrial Crystallizers Market Analysis, Recent Trends And Regional Growth Forecast By 2033
Industrial Crystallizers Market Analysis
The Business Research Company offers in-depth market insights through Industrial Crystallizers Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The industrial crystallizers market size has grown strongly in recent years. It will grow from $3.88 billion in 2023 to $4.13 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to infrastructure development, globalization, shifts in customer preferences, labor costs, environmental concerns.
The industrial crystallizers market size is expected to see strong growth in the next few years. It will grow to $5.3 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to Industry 4.0 integration, evolving regulations, digitalization, growing emphasis on sustainable production, climate change mitigation. Major trends in the forecast period include customization and flexibility, green solvents, biocrystallization, precision crystallization, collaborative innovation.
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Market Segmentation:
The industrial crystallizers market covered in this report is segmented -
1) By Type: Cooling Crystallizers, Evaporative Crystallizers, DTB Crystallizer, Other Types
2) By Process : Continuous, Batch
3) By End-Use Industry: Pharmaceutical, Agrochemical, Metal And Mineral, Food And Beverage, Chemical, Wastewater Treatment, Other End Use Industries
Major Driver - Industrial Crystallizers Ride The Wave Of Growing Manufacturing Industries
The growing manufacturing industries are expected to propel the growth of the industrial crystallizers market going forward. Manufacturing industries are industries that convert things and also include industrial equipment maintenance and installation, as well as subcontracting operations for third parties. Widespread use of crystallizers in manufacturing industries is increasing as they provide various benefits in a wide range of industries, including industrial chemicals (terephthalic acid, sodium chloride, ammonium sulfate, melamine, adipic acid), food chemicals (dextrose, lactose, benzoic acid, terephthalic acid, vitamins), pharmaceuticals, and cosmetics (Atorvastatin, anti-biotics, Paracetamol, Estradiol). For instance, in April 2022, according to a Goldman Sachs report, new investments and ordering activity increased sharply in FY22, and the manufacturing sector, an increased by 200% compared to 2020-21. Therefore, the growing manufacturing industries are driving the growth of the industrial crystallizers market.
Competitive Landscape:
Major companies operating in the industrial crystallizers market report are SUEZ Water Technologies & Solutions, Sumitomo Heavy Industries Ltd., GEA Group AG, Alfa Laval AB, Conair, Sulzer Ltd., NOVATEC, Fives Group, SPX Flow Inc., Piovan S.p.A., Bucher Industries AG, Alaqua Inc., Hosokawa Micron Corporation, Veolia Water Technologies, Pfaudler Group, Ebner GmbH & Co. Kg, Praj Industries Ltd., Anssen Metallurgy Group Co., Dedert Corporation, Moretto SPA, Technoforce, Heinkel Group, Boardman, Swenson Technology Inc., Vobis LLC, Condorchem Envitech, Tsukishima Kikai Co. Ltd., Motan Colortronic, AB FASA, Ashoka Machine Tools, Bepex International LLC, Comber Process Technology S.r.l., Crystal Engineering Srl, Changzhou Lemar Drying Engineering Co. Ltd., North Star Engineered Products, Meissner Filtration Products, TEMA Process B.V., Mech-Chem Associates Inc., Fluid Air Inc., Powder Systems Limited (PSL), Chem Process Systems, Vogt Ice LLC, LARSSON Sweden AB, John Zink Hamworthy Combustion, Nutsche Filter - Agitated Nutsche Filter Dryer, HRS Process Systems Limited, Moffitt Corporation, Advanced Drying Systems
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Top Trend - Strategic Partnerships Transforming The Industrial Crystallizers Market
Major companies operating in the industrial crystallizers market are focusing on strategic partnerships to provide reliable services to customers. A strategic partnership is an arrangement between two or more companies or organizations that helps each other or works together to achieve their respective goals. For instance, in February 2021, Redwire Corporation, a US-based aerospace manufacturer and space infrastructure technology company, partnered with the International Space Station (ISS) US-based National Laboratory to develop a n automated Single Crystal Growth Chamber (SCGC) that will reside in the Industrial Crystallization Facility (ICF), launching onboard Northrop Grumman's 15th Commercial Resupply Services (CRS) mission to the orbiting platform. The ICF will enable industrial crystallization in an environment free from gravity-driven phenomena such as sedimentation, convection, and buoyancy that negatively affect crystal growth, potentially resulting in larger and higher-quality crystals than can be obtained on Earth.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Industrial Crystallizers Market Characteristics
3. Industrial Crystallizers Market Trends And Strategies
4. Industrial Crystallizers Market - Macro Economic Scenario
5. Industrial Crystallizers Market Size And Growth
…..
27. Industrial Crystallizers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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