Solvent Evaporation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The solvent evaporation market is expected to register a CAGR of 4.5% during the forecast period. This is attributing to increasing R&D expenditure, a growing development of large-molecule biopharmaceuticals, increasing demand for pure samples in the end-use markets.

The solvent evaporation technique is widely used in sample preparation across pharmaceutical industries. Thus, the increasing use of this technology, coupled with growing development in the novel drug, is propelling the market.

Moreover, the benefits of solvent evaporation techniques compared to other preparation methods, such as sonication and spray drying, are widely used in microencapsulation and floating microspheres. Furthermore, the rising demand to obtain the highest purity in drugs with rising demand for laboratory automation is likely to fuel the solvent evaporation market.

Key Market Trends

Rotary Evaporator in Solvent Evaporation Market is Estimated to Witness a Healthy Growth in Future.

A rotary evaporator is estimated to witness healthy growth in the future due to the increasing demand for pure samples in pharmaceutical and biotechnology industries and wide application in food technology, environmental engineering, and diagnosing laboratory. These rotary evaporator plays a major role in efficient extraction of solvent through evaporation which is an important step in developing pure samples in several industries. The increasing R&D expenditures worldwide may also propel the solvent evaporation market due to several benefits associated with this technique.

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America is expected to hold a significant market share in the global solvent evaporation market due to increasing R&D expenditure, rising growth in biosimilars and generics markets, increasing healthcare expenditure, and the presence of well-established healthcare infrastructure. Moreover, the United States is the largest market for biopharmaceuticals. It is the world leader in biopharmaceuticals R&D. As per the Pharmaceuticals Research and Manufacturers Association (PhRMA), the United States holds the most R&D centers worldwide in the pharmaceutical sector. Thus, the increasing number of pharmaceutical manufacturers is expected to boost the demand for this technique and further drive the market studied in the United States.

Competitive Landscape

The solvent evaporation market is moderately competitive and consists of several major players. Some of the companies in this market include Biotage, Buchi Labortechnik AG, Heidolph Instruments GmbH & CO. KG, Labconco, Yamato Scientific Co., Porvair PLC, KNF Neuberger Inc., and Steroglass Srl.

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