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2023

Solvent Evaporation Market

Solvent Evaporation Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by End User : Global Opportunity Analysis and Industry Forecast, 2023-2032

LS : Medical Devices & Supplies

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Author's: Monika Darandale| Jay Mehta| Shreya Mantri | Roshan Deshmukh
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Solvent Evaporation Market Research, 2032

The global solvent evaporation market size was valued at $588.5 million in 2022, and is projected to reach $1,036.14 million by 2032, growing at a CAGR of 5.8% from 2023 to 2032. A solvent evaporator is a laboratory instrument used to remove solvents from liquid samples through the process of evaporation. This equipment is widely used in various scientific and industrial applications including chemistry, biology, pharmaceuticals, materials science and biopharmaceutical. The primary purpose of a solvent evaporator is to separate a solvent from a sample, leaving behind the solute or material of interest. Solvent evaporators work by applying heat and reducing the pressure in a controlled environment, which causes the solvent to vaporize and leave the sample. The solvent vapor is then condensed and collected for further use or disposal. 

Solvent Evaporation Market

 

Market Dynamics

The solvent evaporation market size has experienced substantial growth owing to combination of technological advancements, expansion of research activities, and the need for efficient sample preparation in various industries. Solvent evaporation is a crucial step in concentration and purification processes, and is utilized across a range of scientific fields, such as pharmaceuticals, biotechnology, chemistry, and environmental analysis.

Research and development activities across industries are a primary driver during solvent evaporation market forecast. As industries such as pharmaceuticals, biotechnology and materials science continue to innovate, the demand for efficient sample preparation and solvent removal techniques becomes essential. Solvent evaporation serves as a critical step in isolating and concentrating compounds for further analysis and experimentation.

In addition, the pharmaceutical industry heavily relies on solvent evaporation for drug discovery and development. The need to prepare high-purity compounds, test multiple formulations, and concentrate active pharmaceutical ingredients has driven the demand for advanced solvent evaporation technologies. Further, the trend toward high-throughput screening in drug discovery necessitates the processing of a large number of samples in a short time. Solvent evaporation systems that offer automation, precision, and speed are crucial in this context, driving the adoption of sophisticated evaporators.

Advancements in technology have had a profound impact on various industries, including the field of solvent evaporation. These advancements have led to the development of more efficient, precise and user-friendly solvent evaporation systems, which in turn, have significantly transformed laboratory processes, research outcomes, and industrial applications.

In addition, technology has enabled the automation of solvent evaporation processes, reducing the need for manual intervention and enhancing precision. Automated systems can control parameters such as temperature, pressure and flow rates, ensuring consistent and reproducible results. For instance, in rotary evaporators, automation allows researchers to program specific evaporation protocols and optimize parameters for different samples.

Furthermore, solvent evaporation plays a pivotal role in preparing samples for various analytical techniques, such as chromatography, mass spectrometry, and spectroscopy. Efficient sample concentration and purification enhance the accuracy and reliability of analytical results, driving the adoption of advanced solvent evaporators and driving solvent evaporation market growth.
Moreover, traditional evaporation methods often involve large quantities of solvents and energy consumption. In response to environmental concerns, industries are shifting toward more efficient and sustainable solvent evaporation technologies that minimize solvent usage and energy consumption. In addition, the need for safe and controlled evaporation processes in compliance with safety regulations is pushing industries to adopt advanced solvent evaporation systems. Automated systems with safety features reduce the risk of accidents and ensure user protection.

Modern solvent evaporation systems offer customization options to cater to various sample types and volumes. This versatility is especially valuable in research settings where diverse sample requirements exist. In addition, industries such as clinical, cosmetics, and environmental analysis rely on solvent evaporation for quality control and assurance purposes. Efficient concentration and purification processes ensure consistent product quality.
The demand for solvent evaporator is not only limited to developed countries but is also being witnessed in the developing countries, such as China, Brazil, and India, which fuels the growth of the market. Emerging economies are investing heavily in research and development across various sectors, including biopharmaceuticals and pharmaceuticals. Increased funding for research activities drives the demand for efficient sample preparation methods such as solvent evaporation.

However, the upfront cost of advanced solvent evaporation systems with automation and sophisticated features can be a barrier for small laboratories or institutions with budget constraints, thereby restraining the market growth. In addition, different sample types may require unique evaporation conditions, making it challenging to create a one-size-fits-all solution. Manufacturers must invest in research to ensure compatibility with a wide range of samples.

On the other hand, growing emphasis on sustainability drives the demand for solvent evaporation systems that minimize energy consumption, solvent waste, and environmental impact, thus driving market growth. In addition, the ability to offer solvent evaporation systems that can be tailored to various sample types, volumes, and applications presents a lucrative opportunity to key players of the market. 

Further, integration of automation, real-time monitoring, and programmable protocols in solvent evaporation systems presents a significant opportunity. Manufacturers that offer advanced features enhancing user convenience, process control, and efficiency are expected to capture market share.

The ongoing global recession has had a significant impact on various industries including pharmaceutical and biotechnology industries. Reduced funding in sectors such as pharmaceuticals, biotechnology and chemicals has led to fluctuations in demand for solvent evaporation systems, as laboratories and companies adjust their spending priorities. Research funding cutbacks have impacted purchasing decisions for laboratory equipment, potentially affecting the adoption of solvent evaporation technologies. 

Further, the prevailing economic uncertainties have led to a scenario where companies are opting to defer their capital expenditures, which encompasses holding back on investments in sophisticated equipment such as solvent evaporation systems. This cautious approach is in alignment with the potential impact on the gross domestic product (GDP), as economic fluctuations can influence corporate spending decisions, thereby affecting industries capabilities to make significant investments in equipment and technologies such as advanced solvent evaporation systems. For instance, according to International Monetary Fund in 2022, a financial agency of the U.S., has predicted that real gross domestic product (GDP) growth in the U.S., will fall from 1.6% in 2022 to 1% in 2023 owing to the tightening of monetary and financial conditions. 

In addition, the article also stated that, in the pharmaceutical arena, small and mid-sized enterprises (SMEs) are predicted to be heavily impacted as the economic downturn affects plans to raise capital, amongst other things. Supply chain disruptions owing to factory closures and logistic challenges could hinder the availability of critical components, leading to production delays. Furthermore, recessions have led to the postponing or cancellation of research projects. This can have a cascading effect on the demand for laboratory equipment, including solvent evaporation systems used in research activities. Thus, solvent evaporation market is experiencing a moderate positive impact from the global recession.

However, amidst these challenges, there might be an increased interest in efficiency-enhancing and automated solvent evaporation solutions. As the economic landscape evolves, the resilience of essential industries and potential post-recession recovery could also lead to a rise in demand for solvent evaporation systems.

Segmental Overview

The global solvent evaporation market is segmented on the basis of type, end user and region. On the basis of type, the market is classified into rotary evaporators, centrifugal evaporators and others. Rotary evaporators are further segmented into small volume rotary evaporators and large volume rotary evaporators. Others are further segmented into nitrogen blowdown evaporators and spiral air flow evaporators/ smart evaporators/ intelligent evaporators. Depending on end user, it is categorized into pharmaceutical and biopharmaceutical industry, diagnostic laboratories, research and academic institutes. Based on region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and Rest of LAMEA).

By Type

On the basis of type, the rotary evaporator segment dominated the market in terms of revenue in 2022 and is anticipated to register highest CAGR during the forecast period. This dominance is attributed to the extensive adoption of rotary evaporators across diverse sectors such as pharmaceuticals, biotechnology, and chemical research. In addition, wide availability of advanced rotary evaporator with precise temperature control, high evaporation rates and versatility in handling different solvents make it a preferred choice for laboratories, thus driving the segment growth.

Solvent Evaporation Market by Type

By End User

By end user, the pharmaceutical and biopharmaceutical industry segment accounted for the largest solvent evaporation market share in terms of revenue in 2022, owing to escalating need for drug development, drug manufacturing and cutting-edge therapeutic approaches. Furthermore, the industry's emphasis on personalized medicine, biologics and pioneering therapies has spurred a heightened demand for automated solvent evaporators, consequently propelling the expansion of the segment.

However, research and academic institutes segment is expected to witness highest growth during the forecast period, owing to increasing investments directed towards research endeavors, the requirement for enhanced analytical techniques, and the exploration of novel drugs and compounds. 

Solvent Evaporation Market by End User

By Region

North America accounted for the largest solvent evaporation market share in terms of revenue in 2022, owing to robust pharmaceutical industry, advanced research capabilities, and rigorous regulatory norms. Additionally, the presence of major leading industry players offering cutting-edge solvent evaporators has propelled market expansion.
However, Asia-Pacific is anticipated to witness the highest CAGR during the forecast period, owing to flourishing pharmaceutical and biotechnology sectors, continuous advancements in research and development, and rise in number clinical trials.

The Asia-Pacific region is experiencing rapid economic growth and industrialization, leading to increased research and development activities in sectors such as pharmaceuticals, biotechnology, chemicals, and materials science. As industries expand, the demand for efficient sample preparation techniques such as solvent evaporation rises, driving the solvent evaporation industry growth.

Further, countries such as India, China, South Korea, and Japan have vibrant pharmaceutical and biotechnology industries. These sectors are increasingly adopting solvent evaporation technologies for drug discovery, formulation and production processes, contributing to market expansion. Furthermore, the Asia-Pacific region is becoming a hub for clinical trials and drug development owing to its diverse patient population and lower operational costs. Solvent evaporation systems play a crucial role in drug formulation, concentration, and preparation for clinical trials, boosting solvent evaporation industry growth.

Moreover, a rise in research activities as well as the well-established presence of domestic companies in the region are expected to provide notable opportunities for market growth. In addition, a rise in contract manufacturing organizations within the region is expected to open new avenues for market growth. 

Solvent Evaporation Market by Region

Competition Analysis

Competition analysis and profiles of the major players in the solvent evaporation market such as ATS Corporation, BioChromato, Biotage, BÜCHI Labortechnik AG, Heidolph Instruments GmbH & Co. KG, Labconco Corporation, Organomation, Pope Scientific Inc., Steroglass S.r.l. and Yamato Scientific co., ltd. are provided in this report. Major players have adopted agreement, rebranding, product launch and expansion as a key developmental strategy to strengthen their foothold in the solvent evaporation market.

Recent Product Launch in Solvent Evaporation Market

In October 2021, SP Industries (SP) announced the launch of its new SP Genevac EZ-2 4.0 Benchtop Evaporator series for the fast, safe and environment-friendly removal of all commonly used solvents and acids. The new EZ-2 4.0 centrifugal evaporator makes evaporation effortless, even for the less experienced user.

Recent Agreement in Solvent Evaporation Market

In February 2023, ATS Automation Tooling Systems Inc., an industry-leading automation solutions provider, announced it has entered into a definitive agreement to acquire SP Industries, Inc., a designer and manufacturer of high-grade biopharma processing equipment, life sciences equipment, and lab apparatus products.

 

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the solvent evaporation market analysis from 2022 to 2032 to identify the prevailing solvent evaporation market opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the solvent evaporation market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global solvent evaporation market trends, key players, market segments, application areas, and market growth strategies.

Solvent Evaporation Market Report Highlights

Aspects Details
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Market Size By 2032

USD 1 billion

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Growth Rate

CAGR of 5.8%

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Forecast period

2022 - 2032

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Report Pages

218

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By Type
  • Rotary Evaporators
    • Type
      • Small Volume Rotary Evaporators
      • Large Volume Rotary Evaporators
  • Centrifugal Evaporators
  • Others
    • Type
      • Nitrogen Blowdown Evaporators
      • Spiral Air Flow Evaporators
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By End User
  • Diagnostic Laboratories
  • Research and Academic Institutes
  • Pharmaceutical and Biopharmaceutical Industries
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (Japan, China, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

Organomation, Pope Scientific Inc., Biotage, Yamato Scientific Co., Ltd., BioChromato, Steroglass S.r.l., ATS Corporation, BÜCHI Labortechnik AG, Labconco Corporation, Heidolph Instruments GmbH & Co. KG

Analyst Review

The solvent evaporation market presents several opportunities and challenges. The increase in focus on research and development of novel molecules and the rise in presence of pharmaceutical and biopharmaceutical industries worldwide remains a key driver; thus, providing opportunities for market expansion.

The growing focus of key players in development of efficient, accurate and environmentally sustainable solvent evaporation systems, in corporations for eco-friendly approaches are contributing to the market expansion. In addition, the market benefits from the flexibility provided by leading companies, offering customizable solutions such as diverse evaporator capacities tailored to industry needs. This adaptability fosters increased adoption of solvent evaporators, fueling the market demand. As a result, the convergence of technological advancement and customer-centric offerings is propelling the solvent evaporation market's upward trajectory.

Furthermore, in the North American region, several factors contribute to the growth of the solvent evaporation market. The strong presence of pharmaceutical industry, advanced research capabilities, and stringent regulatory standards drive the demand for pure samples and thereby drives the market growth. Furthermore, Asia-Pacific is anticipated to witness notable growth during the forecast period owing to rise in government initiatives on research and development of novel molecules and increase in pharmaceutical and biotechnology industries.

Author Name(s) : Monika Darandale| Jay Mehta| Shreya Mantri | Roshan Deshmukh
Frequently Asked Questions?

Solvent evaporation is a process involving the controlled removal of a liquid solvent from a solution or mixture, leaving behind concentrated solutes or desired substances. This technique finds widespread application in diverse industries, enabling the purification, concentration, or recovery of valuable compounds.

The major factor that fuels the growth of the solvent evaporation market are technological advancements in solvent evarporators , increase in demand for pure samples in the end-user markets and availability of various capacity evaporator systems drive the growth of the global solvent evaporation market .

The rotary evaporator segment is the most influencing segment in solvent evaporation market owing to its widespread use in various industries, including pharmaceuticals, biotechnology and chemical research.

Top companies such as BÜCHI Labortechnik AG, ATS Corporation, Biotage, Yamato Scientific Co., Ltd., and Heidolph Instruments GmbH & Co. KG held a high market position in 2022. These key players held a high market postion owing to the strong geographical foothold in North America, Europe, Asia-Pacific, and LAMEA.

The base year is 2022 in solvent evaporation market .

The forecast period for solvent evaporation market is 2023 to 2032

The market value of solvent evaporation market in 2032 is $1.0 billion

The total market value of solvent evaporation market is $0.58 billion in 2022.

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Solvent Evaporation Market

Global Opportunity Analysis and Industry Forecast, 2023-2032