NEWARK, Del, Nov. 27, 2023 (GLOBE NEWSWIRE) -- The crystallization equipment market is expected to be worth US$ 3,229.6 million in 2024. By 2034, the market is projected to be valued at US$ 4,174.7 million. The adoption of crystallization equipment in various industries is likely to expand at a steady CAGR of 3.20% from 2024 to 2034.
The pharmaceutical manufacturing sector has sought efficient crystallization processes since the dawn of the century. This search intensified further when there was an exorbitant demand for pharmaceutical compounds, like medications, vaccines, chemicals, etc., during the COVID-19 pandemic. The demand for crystallization equipment is rising due to the booming pharmaceutical industry since the pandemic.
The crystallization equipment market not only finds its application in the pharma industry but is recently gaining popularity in various other sectors. There is a considerable demand for them in the food and beverage industry. These factory units install crystallization machinery to separate and purify certain additives in the food. Crystallization equipment is also used for sugar crystallization and the creation of crystalline structures in food products.
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The significance of crystallization processes has been growing rapidly in the chemical and petrochemical industries. Batch-type crystallization equipment further allows for the precise manipulation of conditions such as temperature, pressure, and solvent ratios, offering a level of control vital for achieving consistent product quality. With the growing emphasis on product quality and adherence to stringent industry standards, the adoption of batch-type crystallization equipment is increasing rapidly.
Key Takeaways from the Crystallization Equipment Market Report:
- Batch-type crystallization equipment commands a substantial market share of 31.00% in 2024, emerging as the predominant choice.
- Demand for crystallization equipment in the pharmaceutical industry accounts for a market share of 24.00% in 2024.
- The crystallization equipment market in India is predicted to grow at a CAGR of 3.90% through 2034.
- The crystallization equipment market in China is predicted to rise at a CAGR of 3.70% through 2034.
- The crystallization equipment market in Australia has the potential to grow at a 2.90% CAGR through 2034.
- The United Kingdom’s crystallization equipment market is predicted to rise at a 2.80% CAGR through 2034.
- The crystallization equipment market in the United States is predicted to grow at a CAGR of 2.80% through 2034.
“Technological advancements in the market for crystallization equipment are expected to attract small to medium-sized enterprises, creating opportunities for several players. The market is projected to expand in developing and underdeveloped countries over the forecast period,”- Says Nikhil Kaitwade, Associate Vice President at Future Market Insights, Inc.
Competitive Landscape for Crystallization Equipment Market:
The global industrial hub is moving toward more environmentally friendly manufacturing methods, extending to the crystallization procedures. Eco-conscious consumers and businesses are demanding crystallization machinery made from sustainable materials. A vast array of corporations are operating in the crystallization equipment market. This newly formed industry still has a lot of space for innovation. Despite these obstacles, many small and medium-sized businesses serve the requirements of regional producers looking for effective crystallization services.
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Key Companies in the Crystallization Equipment Market:
- GEA Group
- Sulzer Chemtech
- Fives
- Tsukishima Kikai
- Hebei Yunhao
- Whiting Equipment
- Chem Process Systems
- Alaqua
- LEKE
- Technoforce
Recent developments:
- In February 2023, SMS Siemag AG introduced the ContiCrystal continuous crystallization system, a game-changer in continuous crystallization technology. This ensures a seamless and uninterrupted process for various industries.
- In April 2023, Evonik Industries launched the SEPURION membrane crystallization technology, designed for precision and sustainability.
- In June 2023, the GEA Group introduced its innovative melt crystallization system, providing a highly efficient and precise solution for crystallization processes in various industries, like pharma, chemical, and cosmetics.
Crystallization Equipment Market Segmentation:
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
By Process:
- Batch
- Continuous
By Crystallization Type:
- Cooling
- Evaporative
- Reactive
By End-use Industry:
- Agrochemical
- Chemical
- Food & Beverage
- Metal & Mineral
- Pharmaceutical
- Wastewater Treatment
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East and Africa (MEA)
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Authored by:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil and gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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