The crystallization equipment from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Crystallization Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The crystallization equipment market size has grown strongly in recent years. It will grow from $3.34 billion in 2023 to $3.53 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to the growing demand for crystallization equipment in the plastics industry, increasing demand for pharmaceuticals, need for high-purity compounds, rising demand for nutraceuticals and dietary supplements and increased industrial activity, rise in the demand for crystallization processes in the medical industries.
The crystallization equipment market size is expected to see strong growth in the next few years. It will grow to $4.41 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to the expansion of the pharmaceutical industry, increasing investment in research and development, stricter environmental regulations, rising mining and mineral processing and growth in the biotechnology sector, and rising demand for high-quality and pure crystals. Major trends in the forecast period include improvements in chemical engineering techniques, agricultural sector development, technological innovations, innovations in crystallization technology, and developments in biotechnology.
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Scope Of Crystallization Equipment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Crystallization Equipment Market Overview
Market Drivers –
The increasing demand for pharmaceuticals is expected to propel the growth of the crystallization equipment market going forward. The pharmaceutical industry is involved in the discovery, development, production, and marketing of pharmaceutical goods for use as drugs that cure, prevent, or alleviate symptoms of disease. The pharmaceutical industry is experiencing increased demand due to the growing need for drugs, biologics, and medical devices to cure, prevent, or alleviate diseases. Crystallization equipment in pharmaceuticals is crucial for purifying substances by inducing crystal formation and ensuring precise control over particle size, shape, and purity, which is essential for drug development and manufacturing processes. For instance, in June 2023, according to the European Federation of Pharmaceutical Industries and Associations, a Belgium-based association, in 2021, €42533 million (approximately $48.03 billion) was spent on pharmaceutical research and development across Europe, marking an increase of 4.62% compared to the estimated spending of €44,500 million (approximately $49.84 billion) in 2022. Therefore, the increasing demand for pharmaceuticals is driving the growth of the crystallization equipment market.
Market Trends –
Major companies operating in the crystallization equipment market are focusing on developing advanced products, such as multi-reactor crystallizers, to enhance efficiency, scalability, and precision in crystal formation processes. A multi-reactor crystallizer is a type of crystallization equipment that uses multiple reactors in parallel to facilitate the crystallization process. For instance, in April 2022, Technobis Crystallization Systems, a Netherlands-based technology company, launched the Crystal16 version 3, a multi-reactor crystallizer designed for medium-throughput solubility determination and solid-state research. The Crystal16 allows for the simultaneous testing of various crystallization conditions, including solvents, temperatures, and concentrations, to optimize the crystallization process. This user-friendly system can perform 16 different experiments simultaneously and includes integrated turbidity sensors and flexible software for generating simple phase diagrams and solubility curves, making it ideal for a wide range of industries.
The crystallization equipment market covered in this report is segmented –
1) By Type: Batch Vacuum Crystallizer, Cooling Crystallizer, Draft Tube Baffle Crystallizer, Evaporative Crystallizers, Fluidized Bed Crystallizers, Forced-Circulation Crystallizer, Oslo Crystallizer, Surface-Cooled Crystallizer, Vacuum Crystallizer
2) By Crystallization Type: Cooling, Evaporative, Reactive
3) By Process: Batch, Continuous
4) By End-User Industry: Agrochemical, Chemical, Food And Beverage, Metal And Mineral, Pharmaceutical, Wastewater Treatment
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Regional Insights –
North America was the largest region in the crystallization equipment market in 2023. The regions covered in the crystallization equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the crystallization equipment market are Sumitomo Heavy Industries Ltd., GEA Group Aktiengesellschaft, Mettler Toledo, Sulzer Ltd., Veolia Water Technologies & Solutions, SPX FLOW, EKATO HOLDING GmbH, Fives Group, BMA Braunschweigische Maschinenbauanstalt GmbH, 3V Tech S.p.A., Bepex International LLC, Chem Process Systems, A.H.Lundberg Systems Limited, Technobis Crystallization Systems, Dedert Corporation, Conair, Swenson Technology Inc., The CMM Group, Rosenblad Design Group Inc., Condorchem Enviro Solutions
Table of Contents
1. Executive Summary
2. Crystallization Equipment Market Report Structure
3. Crystallization Equipment Market Trends And Strategies
4. Crystallization Equipment Market – Macro Economic Scenario
5. Crystallization Equipment Market Size And Growth
…..
27. Crystallization Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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