Solvent Evaporation Market Size, Share, Trends, Growth and Forecast 2032

Solvent Evaporation Market Insights

According to the report published by Zion Market Research, the global Solvent Evaporation Market size was valued at USD 628.37 Million in 2023 and is predicted to reach USD 1142.17 Million by the end of 2032. The market is expected to grow with a CAGR of 6.87% during the forecast period. The report analyzes the global Solvent Evaporation Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Solvent Evaporation industry.

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Global Solvent Evaporation Market: Overview

The solvent evaporation process consists of a polymer emulsification procedure in aqueous phase along with effective dispersion in a volatile solvent such as ethyl acetate, chloroform, and dichloromethane. The solvent is evaporated with the help of continuous stirring, vacuum, or high pressure. However, the particle size can be effectively controlled by modifying parameters like manipulating a string rate, controlling evaporation rate, manipulating evaporation temperature, etc. This method is used for the nanoparticles developed by utilizing the polymers like polyhydroxybutyrate, PCL, PLA, PLGA, and others loaded with a large number of drugs like indomethacin, cyclosporin A, loperamide, testosterone, tetanus toxoid, and others. Solvent evaporators find a large number of applications in processes like microencapsulation and are needed to make polymeric nanoparticles for a large number of pharmaceutical formulations.

Global Solvent Evaporation Market: Growth Factors

The growth of the biologics sector globally is one of the major reasons driving the growth of the global solvent evaporation market significantly. A large number of ongoing developments of large molecule biopharmaceuticals require solvent evaporation techniques. However, the spike in demand for pure samples in the different end-user markets also fuels its demand. Furthermore, the benefits associated with the solvent evaporation technique offer spray drying and sonication, which are widely utilized in microencapsulation and floating microspheres.

Also, the significant spike in demand for the highest quality drugs along with the growing requirement for laboratory automation is likely to further fuel the growth of the global solvent evaporation market in the forthcoming years. The laboratory automation is likely to explore the untapped potential and also create several lucrative growth opportunities in the global solvent evaporation market. The growing research and development activities in the field of solvent evaporation to overcome the underlying challenges will further accentuate the growth.

However, the growing funding from the pharmaceutical segment is likely to fuel the development of the solvent evaporation market as it is an important step in the drug discovery process. It is utilized in several stages like solvent recycling, sample preparation, synthesis, and scaling the production of novel therapeutics. The outbreak of the Covid-19 pandemic all across the globe has significantly escalated the demand for medical supplies all around the world. Additionally, it has also propelled the drug discovery processes, which in turn is likely to have a positive impact on the global solvent evaporation market.

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Global Solvent Evaporation Market: Segmentation

The global solvent evaporation market can be segmented into end-user, type, and region.

By end-user, the market can be segmented into the pharmaceutical & biopharmaceutical sector, research & academic institutes, diagnostic laboratories, and others. The pharmaceutical sector segment holds the largest share in the global solvent evaporation market. However, the research & academic institute segment is likely to be the fastest-growing segment in the forthcoming years due to the growing drug development activities along with surging demand for innovations and improvements of existing products.

By type, the market can be segmented into the spiral, airflow, evaporator, centrifugal, evaporators, rotary, nitrogen blowdown, and other evaporators. The rotary evaporator segment accounts for the largest share in the global solvent evaporation market as it plays a vital role in the extraction of solvent through the process of evaporation to develop pure samples.

Solvent Evaporation Market: Report Scope

Global Solvent Evaporation Market: Regional analysis

North America accounts for the largest share in the global solvent evaporation market due to the growing research and development activities in the region. The significant spike in the biosimilars and generic market in the region will accentuate the growth of the regional market. Furthermore, the growing healthcare expenditure and presence of robust healthcare infrastructure are likely to promulgate the growth of the regional market in the forthcoming years. However, the region is the largest market for biopharmaceuticals, and therefore, it holds most of the research and development centers, which in turn is expected to boost the demand for solvent evaporation techniques in the region.

Asia Pacific is expected to witness a significant growth rate in forthcoming years due to the presence of prominent market leaders in the region. Furthermore, the growing concentration on developing personalized therapeutics and enhancing the healthcare facility will further boost the growth of the regional market. The regulatory compliance in the region for biopharmaceutical and pharmaceutical companies is expected to offer ample thrust to growth of the regional market in the forthcoming years.

Global Solvent Evaporation Market: Competitive Players

Some of the significant players in the global solvent evaporation market are:

• SP Industries, Inc.
• Pope Scientific, Inc.
• EYELA
• Asahi Glassplant Inc.
• ANPEL Laboratory Technologies Inc.
• DOÐA Limited
• Abel Industries Canada Ltd.
• LabTech S.r.l.
• Radleys
• BioChromato, Inc.
• KNF Neuberger, Inc.
• Organomation Associates, Inc.
• Steroglass Srl
• IKA Works GmbH & Co. KG
• Porvair plc
• Labconco Corporation
• Heidolph Instruments GmbH & CO. KG
• Biotage AB
• BÜCHI Labortechnik AG
• Yamato Scientific Co., Ltd.

The Global Solvent Evaporation Market is segmented as follows:
    
By end-user 

• pharmaceutical & biopharmaceutical sector 
• research & academic institutes 
• diagnostic laboratories, and others 

By type 

• spiral
• airflow
• evaporator 
• centrifugal 
• evaporators
• rotary 
• nitrogen blowdown 
• and other evaporators

Global Solvent Evaporation Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.