Solvent Evaporation Market for Pharmaceutical and Biopharmaceutical Industry Segment to Grow Significantly During 2021–2028
According to the latest study on “Solvent Evaporation Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and End User,” the market was valued at US$ 470.77 million in 2020 and it is projected to reach US$ 821.41 million by 2028; it is expected to grow at a CAGR of 6.7% during 2021–2028. The report highlights trends prevailing in the market and the factors driving and restraining the market growth.
Solvent evaporation involves emulsification of polymer in aqueous phase and dispersion in a volatile solvent like dichloromethane, chloroform, and ethyl acetate. Then the solvent is evaporated using high temperature, vacuum, or by continuous stirring. Size of the particles can be controlled by adjusting parameters like manipulating evaporation temperature, controlling the rate of evaporation, manipulating stirring rate, etc. This method is being practiced for the nanoparticles developed using respective polymers such as, PLA, PLGA, PCL, polyhydroxybutyrate, etc. loaded with various drugs like tetanus toxoid, testosterone, loperamide, cyclosporin A, and indomethacin. Solvent evaporators are widely used in processes such as microencapsulation and are required to prepare polymeric nanoparticles for various pharmaceutical formulations. Technological advancements in solvent evaporation systems, such as centrifugal concentration, freeze-drying, and high-power cold traps, have led to enhanced evaporation and improved solvent recovery, with lesser environmental impact.
Based on end-user, the global solvent evaporation market is segmented into pharmaceutical and biopharmaceutical industry, diagnostic laboratories, and research and academic institutes. The pharmaceutical and biopharmaceutical industry segment held the largest share of the market in 2020. However, the research & academic institutes segment is estimated to register the highest CAGR of 7.7% in the market during the forecast period owing to factors such as increasing drug development studies, and rising demand for continuous innovation and enhancement of existing products.
Buchi Labortechnik AG; Biotage AB; Labconco Corporation; Heidolph Instruments GmbH & Co. Kg; Yamato Scientific Co., Ltd.; Porvair Plc; IKA Works GmbH and Co. KG; Steroglass SRL; Organomation Associates, Inc.; KNF Neuberger, Inc.; Raykol; Apricot Designs, Inc.; Labtech S.R.L.; Crescent Scientific; and Scinco Co., Ltd. are among the major companies operating in the global solvent evaporation market.
The report segments global solvent evaporation market as follows:
- Rotary Evaporators
- Nitrogen Blowdown Evaporators
- Centrifugal Evaporators
- Spiral Air Flow Evaporators
By End User
- Pharmaceutical and Biopharmaceutical Industry
- Diagnostic Laboratories
- Research and Academic Institutes
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- North America
- Rest of Europe
- Asia Pacific (APAC)
- South Korea
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South and Central America (SCAM)
- Rest of South and Central America
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