Crystallization Equipment Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
The crystallization equipment market consists of sales of filters, separators, heat exchangers, agitators, and stirrers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Sizing and Forecast
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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Segmentation & Regional Insights
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

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.

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Major Driver Impacting Market Growth
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.

Key Industry Players
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

The crystallization equipment market report table of contents includes:

1. Executive Summary
2. Crystallization Equipment Market Characteristics
3. Crystallization Equipment Market Trends And Strategies
4. Crystallization Equipment Market – Macro Economic Scenario
5. Global Crystallization Equipment Market Size and Growth
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32. Global Crystallization Equipment Market Competitive Benchmarking
33. Global Crystallization Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Crystallization Equipment Market
35. Crystallization Equipment Market Future Outlook and Potential Analysis
36. Appendix

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