The global solvent evaporators market size is projected to reach USD 694 million by 2024 from USD 487 million in 2019, growing at a CAGR of 7.3%. The growth of the biologics sector, increasing research & development expenditure, rising purity demands in end-use markets, and the growing development of large molecule biopharmaceuticals are the primary growth factors for this market. Also, the untapped markets in emerging regions and the increasing demand for laboratory automation are expected to offer significant opportunities for market growth in the coming years.
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Yamato Scientific Co., Ltd. (Japan), BÜCHI Labortechnik AG (Switzerland), Biotage AB (Sweden), Heidolph Instruments GmbH & CO. KG (Germany), Labconco Corporation (US), Porvair plc (UK), IKA Works GmbH & Co. KG (Germany), Steroglass Srl (Italy), Organomation Associates, Inc. (US), KNF Neuberger, Inc. (US), BioChromato, Inc. (Japan), Radleys (UK), LabTech S.r.l. (Italy), Abel Industries Canada Ltd. (Canada), DOÐA Limited (Turkey), ANPEL Laboratory Technologies Inc. (China), Asahi Glassplant Inc. (Japan), EYELA (Japan), Pope Scientific, Inc. (US), and SP Industries, Inc. (UK) are some key players in the global solvent evaporators market. These companies are focusing on increasing their presence in the high-growth markets through both organic as well as inorganic growth strategies such as product launches, partnerships, and expansions.
BÜCHI Labortechnik AG (Switzerland) is a prominent player in the global solvent evaporators market. The company has a strong geographic footprint, serving over 40,000 customers operating in the pharmaceutical and biopharmaceutical space. BÜCHI also has an extensive distribution channel across the globe. The company offers a variety of reliable solutions during the production of a new drug, from lead generation to final registration. The company’s major selling rotary evaporator models are Rotavapor R-300 and Rotavapor R-220 Pro.
Heidolph Instruments GmbH & CO. KG (Germany) is a leading provider of advanced rotary evaporators for drug manufacturing, biologics research and production, and laboratory testing. Heidolph’s key advantage over its competitors is that it leverages its industry scale in high-growth and emerging markets such as China and India. This can be reflected in its strong performance in these markets, which represented 20% of its total revenue in 2018.
Biotage AB (Sweden) offers a wide range of nitrogen blowdown evaporators like TurboVap Evaporators and 96 Well Plate Evaporators. As a solvent evaporator manufacturer, the company provides integrated products with various technologies that span the whole pharmaceutical value chain. The major end-users of the company’s products include pharmaceutical and biotechnology companies, government research institutes, consumer and healthcare product manufacturers, formulators, and diagnostic laboratories. The company has a strong presence in North America. It has direct sales operations in India, where a lot of effort has been put into setting up and improving sales. In Europe, the company has strengthened its sales organization and established direct sales in the Benelux.
Solvent Evaporation Market by Evaporator Type (Rotary Evaporator, Nitrogen Blow Down Evaporator, Centrifugal Evaporator), End-Use (Pharmaceutical & Biopharmaceutical, Diagnostic Laboratories, Research & Academic Institute), Region - Global Forecast to 2024