Report : South America Solvent Evaporation Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Rotary Evaporators, Nitrogen Blowdown Evaporators, Centrifugal Evaporators, and Spiral Air Flow Evaporators) and End User (Pharmaceutical and Biopharmaceutical Industry, Diagnostic Laboratories, and Research and Academic Institutes)

Rotary Evaporators Segment to Dominate the SAM Solvent Evaporation Market During 2021-2028

According to a new market research study on “SAM Solvent Evaporation Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and End User” is expected to reach US$ 29.65 million by 2028 from US$ 20.46 million in 2021. The market is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The report provides trends prevailing in the SAM solvent evaporation market along with the drivers and restraints pertaining to the market growth.Use of advanced solvent evaporator and rapidly growing biotech and pharmaceuticals industries are the major factor driving the growth of the SAM solvent evaporation market. However, problems such as inaccuracies in results and wastage of resources hinders the growth of SAM solvent evaporation market.    

In case of COVID-19, SAM is highly affected especially Brazil followed by Argentina and Chile. The COVID-19 is expected to result in the region's worst recession, causing a 9.1% contraction in regional GDP in 2020. This is expected to increase the number of poor up by 45 million and the extremely poor number by 28 million. Although, several governments policies across the region that favor domestic pharmaceutical manufacturers, such as no import duties on raw materials and intermediate products and interest-free financing, contribute to the region's pharmaceutical market growth. The pharmaceutical & biotechnology invested in R&D for the new molecule entity. The pandemic as no impact on R&D process, due to pandemic R&D activity increase to find better medicines to cure the life-threatening disease. These factors had a no impact on the SAM solvent evaporation market.

The SAM solvent evaporation market has been segmented based on type, end user, and country. Based on type, the market is segmented into rotary evaporators, nitrogen blowdown evaporators, centrifugal evaporators, and spiral air flow evaporators. The rotary evaporators segment dominated the SAM solvent evaporation market in 2020 and nitrogen blowdown evaporators segment is expected to be fastest growing during forecast period. The rotary evaporators segment is further segmented into small-volume rotary evaporators and large-volume rotary evaporators. Based on end user, the market is segmented into the pharmaceutical and biopharmaceutical industry, diagnostic laboratories, and research and academic institutes. The pharmaceutical and biopharmaceutical industry segment dominated the SAM solvent evaporation market in 2020 and research and academic institutes segment is expected to be fastest growing during forecast period. Based on country, the market has been segmented into Brazil, Argentina, and rest of SAM.

Apricot Designs, Inc.; Biotage AB; Büchi Labortechnik AG; Heidolph Instruments GmbH & CO. KG; IKA Werke GmbH & CO. KG; KNF NEUBERGER, INC.; LabTech S.r.l.; Organomation Associates, Inc.; Porvair plc; and Yamato Scientific co., ltd. are among the leading companies in the SAM solvent evaporation market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Organomation, a leading laboratory evaporation solutions provider has partnered with KNF to provide rotary evaporators to customers worldwide. Organomation will offer additional KNF rotary evaporator accessories such as a chiller, vacuum system, bump trap, a cold finger condenser, and a protective shield.   

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