The crystallization equipment market has grown consistently, increasing from $3.34 billion in 2023 to $3.53 billion in 2024, with a CAGR of 5.6%. Growth is driven by rising demand in pharmaceuticals and plastics, and increasing research activities. The market is projected to reach $4.41 billion by 2028, fueled by biotech sector growth, mining, and environmental regulations. Key trends include advancements in crystallization technology, agricultural innovations, and biotechnology progress.
Major Driver In The Crystallization Equipment Market
The demand for pharmaceuticals is anticipated to enhance the growth of the crystallization equipment market. With a rising need for new drugs and biologics, crystallization equipment plays a crucial role in purifying substances effectively. The European Federation of Pharmaceutical Industries and Associations reported a spending increase in pharmaceutical R&D from €42,533 million (approximately $48.03 billion) in 2021 to €44,500 million (approximately $49.84 billion) in 2022. This trend suggests a growing market for crystallization equipment, projected to be $XX billion in 2023, increasing to $XX billion in 2024 and $XX billion by 2028.
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Crystallization Equipment Market Competitive Landscape
Sumitomo Heavy Industries Ltd., GEA Group AG, Mettler Toledo, Sulzer Ltd., Veolia Water Technologies & Solutions, SPX FLOW, EKATO HOLDING GmbH, Fives Group, 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
Key Crystallization Equipment Market Trend
In the crystallization equipment market, advancements like multi-reactor crystallizers are enhancing efficiency and precision. In April 2022, Technobis Crystallization Systems, a Netherlands-based technology company, launched the Crystal16 version 3, which allows simultaneous testing of various crystallization conditions to optimize processes. This user-friendly system supports solid-state research and can perform 16 experiments concurrently, equipped with integrated turbidity sensors and flexible software.
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Crystallization Equipment Market Segmentation
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
By Geography:The regions covered in the crystallization equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the crystallization equipment market in 2023.
The Crystallization Equipment Global Market Report 2024 furnishes information about the global crystallization equipment market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
