INDUSTRIAL CRYSTALLIZER MARKET REPORT OVERVIEW
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The global industrial crystallizer market size was USD 399.8 million in 2022 and is projected to touch USD 517.7 million by 2028, exhibiting a CAGR of 4.4% during the forecast period.
The sudden spike in CAGR is attributable to the industrial crystallizer market growth and demand returning to pre-pandemic levels once the pandemic is over. The global COVID-19 pandemic has been unprecedented and staggering, with industrial crystallizers experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. Crystallization is a chemical solid-liquid separation technique. The chemical is highly organized into a structure known as crystal. In this process, mass transfer from a solute which is approved out from the liquid solution, to a pure solid crystalline phase. The shape and size of crystals play crucial role in industrial crystallization. Further, crystallization is related to precipitation, although the result is not disordered or amorphous a crystal. They are an essential piece of chemical processing equipment. They are capable of generating high purity products with relatively low energy input. In addition, crystal formation can be divided into two types; menthol and sodium acetate.
The organic chemistry laboratory demands an industrial crystallizer for the purification of impure solid. Various applications of crystallization such as flow chemistry, nanoparticle synthesis, photochemistry in the glow, and reaction calorimetry is expected to boost the demand of industrial crystallizer.. Further, the need for increased control of drug substances' physical properties in pharmaceutical sector is expected to increase market growth. In addition, growing new technologies in pharmaceutical industry are predicted to accelerat demand for the product Crystallization can also control size of crystal which make them recyclable and economical. These factors are expected to increase industrial crystallizer market growth.
COVID 19: Pandemic Restricted Production and Manufacturing Activities
The outbreak of COVID-19 led to the imposition of lockdown measures. Increasing number of Coronavirus cases consequently impacted the demand for industrial crystallizers in the chemical and food industries. Further, the market witnessed a decline in economic growth. Production and manufacturing activities were shut down due to limited capacity of labor. The spread of COVID-19 had significantly hampered economic activity on the industrial sector. In addition, shutdown of industrial sectors led to decline in industrial developments which affected the market growth.
On the contrary the pharmaceutical sector was boosted due to increasing demand for vaccines.. Further, increasing demand to fight against coronavirus accelerated market growth during the pandemic.
LATEST TRENDS
"Growing Pharmaceutical Activities to Develop Market Growth "
The crystallization process is a separation process that is used in different material industries. The most common use of the process is in the pharmaceutical industry. Growing demand for solid-liquid separation activities in the pharmaceutical industry is expected to boost market growth. Further, increasing crystallization process is used for removing mixed products which is anticipated to increase the chemical process demand., the demand for rising crystallization process in the healthcare sector is anticipated to boost demand for crystal . Increasing number of drug innovations in formulations is anticipated to drive market growth. In addition, growing order to control physical properties of drug substances in the pharmaceutical industry is expected to boost market growth during the forecast period.
INDUSTRIAL CRYSTALLIZER MARKET SEGMENTATION
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- By Type
On the basis of type, the market is classified into evaporative crystallizers and cooling crystallizers.
Evaporative crystallizers are the leading part of the type segment.
- By Application
Based on application, the market is classified into chemical industry, food industry, pharmaceutical, and others.
Chemical industry is the leading part of the application segment.
DRIVING FACTORS
"Increasing Crystallization Activities to Promote Product Adoption"
The growing demand for purification of impure solids in organic chemistry laboratories is expected to propel industrial crystallizer market growth. Further, increasing chemical process in the industries for various applications is projected to drive demand for chemical reactions. qualities such as recyclability and cost-effectiveness are expected to accelerate market growth in the coming years. Increase demand for chemical reactions is also expected to drive the demand for the product. In addition, various applications of crystallization in flow chemistry, drug discovery and development, photochemistry, reaction calorimetry, and nanoparticle synthesis is predicted to develop market growth during the forecast period.
"Demand for Processed Food Products to Encourage Market Growth "
Manufacturing of sugar and processed food products demand the adoption of the industrial crystallizer. Growing demand for processed food items in the food industry is expected to boost market growth. The process is also used to separate solid-phase from different liquid phases and is predicted to increase market growth. The crystalline products are glucose, sugar, lactose, citric acid, and salt. Further, to make a smooth texture of ice cream, crystallization process is used. In addition, maximum demand for crystallization in food processing industry is expected to increase market growth during the forecast period.
RESTRAINING FACTORS
"High Cost of Crystallization to Restrict Market Growth "
High cost of crystallization is predicted to hamper industrial crystallizer market growth. Further, lack of skilled labor is expected to hinder market growth during the forecast period.
INDUSTRIAL CRYSTALLIZER MARKET REGIONAL INSIGHTS
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Asia Pacific is expected to dominate industrial crystallizer market share due to rapid industrialization. High technological developments in countries such as India, Japan, and China is expected to accelerate chemical reaction demand. Further, growing chemical industries,agricultural sector, and demand for potassium chloride conversion is projected to drive market growth. In addition, growing CAGF (Chromatin-Associated Growth Factor) arrtibuted to the presence of wide chemical and pharmaceutical industries and is predicted to boost market growth during the forecast period.
Europe is the second dominating region in the industrial crystallizer market share due to increasing innovations in drug formulation. Further, the presence of pharmaceutical industries in countries such as Germany, France, Norway, France, and the U.K is expected to drive the market growth.
KEY INDUSTRY PLAYERS
"Leading Players Adopt New Launch Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- GEA Group (Germany)
- Sulzer Chemtech (Switzerland)
- Fives (France)
- Tsukishima Kikai (TSK) (Japan)
- Hebei Yunhao (China)
- Whiting Equipment (Canada)
- Chem Process Systems (India)
- Alaqua (U.S.)
- LEKE (China)
- Technoforce (India)
- Ebner (China)
- Boardman (U.K.)
- Shijizhuang Dingwei (China)
- Rosenblad (U.S.)
- Hebei Leheng (China)
- Katsuragi Industry (Japan)
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
| REPORT COVERAGE | DETAILS |
|---|---|
| Market Size Value In | US$ 399.8 Million in 2022 |
| Market Size Value By | US$ 517.7 Million by 2028 |
| Growth Rate | CAGR of 4.4% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
| Historical Data Available | Yes |
| Segments Covered | Type and Application |
| Regional Scope | Global |
Frequently Asked Questions
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What value is the industrial crystallizer market expected to touch by 2028?
The global industrial crystallizer market is expected to reach USD 517.7 million by the end of 2028.
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What CAGR is the industrial crystallizer market expected to exhibit by 2028?
The industrial crystallizer market is expected to exhibit a CAGR of 4.4 % by 2028.
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Which are the driving factors of the industrial crystallizer market?
Drivers of this industrial crystallizer market are rising demand for industrial activities and growing processed food items.
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Which are the top companies operating in the industrial crystallizer market?
Top companies operating in the industrial crystallizer market are GEA Group, Sulzer Chemtech, Fives, Tsukishima Kikai (TSK), Hebei Yunhao, Whiting Equipment, Chem Process Systems, Alaqua, LEKE, Technoforce, Ebner, Boardman, Shijizhuang Dingwei, Rosenblad, Hebei Leheng, and Katsuragi Industry
