Asia-Pacific 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)

Market Introduction

APAC is fastest growing market for solvent evaporation market. The region consists of the countries such as China, India, Japan, Australia, and South Korea. China led the APAC market in terms of revenue. China is a big hub for pharmaceutical and biotechnology companies. In recent ages, the Chinese government introduced the series of policies for pharmaceutical industries, the policies such as accelerating the drug approval process for special medicine, developing clinical centers, and improve in the protection of clinical data. These factors Chinese pharmaceutical industry more invested in drug discovery and development process. The investment in drug discovery creates huge demand for solvent evaporation devices.Similarly, growth in pharmaceutical industry supports the growth of solvent evaporation market during the forecast period. According to research study, the Chinese pharmaceutical market is estimated to reach at USD 161.8 billion by 2023. Similarly, the Chinese biotech market is growing from USD 40 billion in 2018 and is expected to reach at 96 billion by 2023. Thus, the growing pharma & biotech industry supports the growth of the market during estimated time period. Other factors such as burgeoning biotech industries in developing countries and rising use of advanced solvent evaporator are also driving the growth of the APAC solvent evaporation market.

In case of COVID-19, APAC is highly affected specially India. The spread of infection has also affected other countries such as South Korea, Australia, Malaysia, and Singapore. Countries in APAC are facing challenges due to increasing incidences of COVID-19. Currently, India is the second worse hit country worldwide. Many measures have been implemented to contain the spread of COVID-19, which have resulted in significant operational disruption for many companies including in the healthcare industry. Staff quarantine, supply-chain failures, and reductions in demand have generated serious complications for companies. The countries participated in the exhibition to gain maximum numbers of customers that helps company to increase its revenue through it. Raykol's distributor attended the Thailand Lab 2020 from Oct 28 to Oct 30, 2020. Many of Raykol's new products were displayed at the exhibition and attracted many users’ inquiries and visits. This helps the company to provide trade opportunity for laboratory equipment industry in Thailand and in Asia. Therefore, the outbreak of the COVID-19 pandemic is estimated to affect no impact on solvent evaporation industry.

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Market Overview and Dynamics

The APAC solvent evaporation market is expected to grow from US$ 122.59 million in 2021 to US$ 201.99 million by 2028; it is estimated to grow at a CAGR of 7.4% from 2021 to 2028. Solvent evaporation active substances are an essential step in the drug discovery process, as it is used in stages such as synthesis, sample preparation, and solvent recycling, as well as in the production scale-up of novel therapeutics. Many pharmaceutical companies invest huge amounts in research and development (R&D) process that mainly revolves around discovering and developing innovative molecules. According to a report published in Statista, the region spending on pharmaceutical R&D totaled ~USD more then 40 billion in 2018, and it expected to reach more than 50 billion by 2026. As per the India Brand Equity Foundation, Indian pharmaceutical companies invested ~7.0% of their revenues in the R&D process in 2015 and R&D investment grew by 8.6% in 2019. Thus, increasing R&D expenditure is fueling the growth of the APAC solvent evaporation market.

Key Market Segments

In terms of type, the rotary evaporators segment accounted for the largest share of the APAC solvent evaporation market in 2020. In terms of end user, the pharmaceutical and biopharmaceutical industry segment held a larger market share of the APAC solvent evaporation market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the APAC solvent evaporation market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Apricot Designs, Inc.; Biotage AB; Büchi Labortechnik AG; Crescent Scientific; Heidolph Instruments GmbH & CO. KG; IKA Werke GmbH & CO. KG; KNF NEUBERGER, INC.; LabTech S.r.l.; Organomation Associates, Inc.; Porvair plc; Raykol; SCINCO CO.,LTD.; and Yamato Scientific co., ltd.

Reasons to buy report

To understand the APAC solvent evaporation market landscape and identify market segments that are most likely to guarantee a strong return
Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC solvent evaporation market
Efficiently plan M&A and partnership deals in APAC solvent evaporation market by identifying market segments with the most promising probable sales
Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC solvent evaporation market
Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

APAC Solvent Evaporation Market Segmentation

APAC Solvent Evaporation Market - By Type

Rotary Evaporators
- Small-Volume Rotary Evaporators
- Large-Volume Rotary Evaporators
Nitrogen Blowdown Evaporators
Centrifugal Evaporators
Spiral Air Flow Evaporators

APAC Solvent Evaporation Market - By End User

Pharmaceutical and Biopharmaceutical Industry
Diagnostic Laboratories
Research and Academic Institutes

APAC Solvent Evaporation Market - By Country

APAC Solvent Evaporation Market - Company Profiles

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 APAC Solvent Evaporation Market – By Type

1.3.2 APAC Solvent Evaporation Market – By End User

1.3.3 APAC Solvent Evaporation Market – By Country

2. APAC Solvent Evaporation Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. APAC Solvent Evaporation Market – Market Landscape

4.1 Overview

4.2 APAC PEST Analysis

4.3 Expert Opinion

5. APAC Solvent Evaporation Market – Key Market Dynamics

5.1 Key Market Drivers

5.1.1 Escalating R&D Expenditure in Pharma Industry

5.1.2 Surging Product Launches

5.2 Key Restraints

5.2.1 Hurdles Such as Inaccuracies in Results and Wastage of Resources

5.3 Key Opportunities

5.3.1 Burgeoning Biotech Industries in Developing Countries

5.4 Future Trend

5.4.1 Rising Use of Advanced Solvent Evaporator

5.5 Impact Analysis

6. Solvent Evaporation Market – APAC Analysis

6.1 Overview

6.2 APAC Solvent Evaporation Market Revenue Forecast and Analysis

7. APAC Solvent Evaporation Market Analysis– By Type

7.1 Overview

7.2 APAC Solvent Evaporation Market Share, by Type, 2020 and 2028 (%)

7.3 Rotary Evaporators

7.3.1 Overview

7.3.2 Rotary Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

7.3.3 Small-Volume Rotary Evaporators

7.3.3.1 Overview

7.3.3.2 Small-Volume Rotary Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

7.3.4 Large-Volume Rotary Evaporators

7.3.4.1 Overview

7.3.4.2 Large-Volume Rotary Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

7.4 Nitrogen Blowdown Evaporators

7.4.1 Overview

7.4.2 Nitrogen Blowdown Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

7.5 Centrifugal Evaporators

7.5.1 Overview

7.5.2 Centrifugal Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

7.6 Spiral Air Flow Evaporators

7.6.1 Overview

7.6.2 Spiral Air Flow Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

8. APAC Solvent Evaporation Market Analysis – By End User

8.1 Overview

8.2 APAC Solvent Evaporation Market Share, by End User, (%)

8.3 Pharmaceutical And Biopharmaceutical Industry

8.3.1 Overview

8.3.2 Pharmaceutical and Biopharmaceutical Industry: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

8.4 Diagnostic Laboratories

8.4.1 Overview

8.4.2 Diagnostic Laboratories: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

8.5 Research And Academic Institutes

8.5.1 Overview

8.5.2 Research and Academic Institutes: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

9. APAC Solvent Evaporation Market – Country Analysis

9.1 APAC

9.1.1 Overview

9.1.2 APAC: Solvent Evaporation Market, by Country, 2020 & 2028 (%)

9.1.3 China: Solvent Evaporation Market, by Country, 2020 & 2028 (%)

9.1.3.1 China: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)

9.1.3.2 China: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)

9.1.3.2.1 China: Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)

9.1.3.3 China: Solvent Evaporation Market, by End User– Revenue and Forecast to 2028 (USD Million)

9.1.4 Japan: Solvent Evaporation Market, by Country, 2020 & 2028 (%)

9.1.4.1 Japan: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)

9.1.4.2 Japan: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)

9.1.4.2.1 Japan: Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)

9.1.4.3 Japan: Solvent Evaporation Market, by End User– Revenue and Forecast to 2028 (USD Million)

9.1.5 India: Solvent Evaporation Market, by Country, 2020 & 2028 (%)

9.1.5.1 India: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)

9.1.5.2 India: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)

9.1.5.2.1 India: Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)

9.1.5.3 India: Solvent Evaporation Market, by End User– Revenue and Forecast to 2028 (USD Million)

9.1.6 South Korea: Solvent Evaporation Market, by Country, 2020 & 2028 (%)

9.1.6.1 South Korea: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)

9.1.6.2 South Korea: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)

9.1.6.2.1 South Korea: Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)

9.1.6.3 South Korea: Solvent Evaporation Market, by End User– Revenue and Forecast to 2028 (USD Million)

9.1.7 Australia: Solvent Evaporation Market, by Country, 2020 & 2028 (%)

9.1.7.1 Australia: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)

9.1.7.2 Australia: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)

9.1.7.2.1 Australia: Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)

9.1.7.3 Australia: Solvent Evaporation Market, by End User– Revenue and Forecast to 2028 (USD Million)

9.1.8 Rest of APAC: Solvent Evaporation Market, by Country, 2020 & 2028 (%)

9.1.8.1 Rest of APAC: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)

9.1.8.2 Rest of APAC: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)

9.1.8.2.1 Rest of APAC: Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)

9.1.8.3 Rest of APAC: Solvent Evaporation Market, by End User– Revenue and Forecast to 2028 (USD Million)

10. Impact of COVID-19 Pandemic on APAC Solvent Evaporation Market

10.1 APAC: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 Organic Developments

11.2.1 Overview

11.3 Inorganic Developments

11.3.1 Overview

12. Company Profiles

12.1 Büchi Labortechnik AG

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Biotage AB

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Heidolph Instruments GmbH & CO. KG

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Yamato Scientific co., ltd.

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Porvair plc

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 IKA Werke GmbH & CO. KG

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 KNF NEUBERGER, INC.

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Organomation Associates, Inc.

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Raykol

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Apricot Designs, Inc.

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

12.11 LabTech S.r.l.

12.11.1 Key Facts

12.11.2 Business Description

12.11.3 Products and Services

12.11.4 Financial Overview

12.11.5 SWOT Analysis

12.11.6 Key Developments

12.12 Crescent Scientific

12.12.1 Key Facts

12.12.2 Business Description

12.12.3 Products and Services

12.12.4 Financial Overview

12.12.5 SWOT Analysis

12.12.6 Key Developments

12.13 SCINCO CO.,LTD.

12.13.1 Key Facts

12.13.2 Business Description

12.13.3 Products and Services

12.13.4 Financial Overview

12.13.5 SWOT Analysis

12.13.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

Table 1. APAC Solvent Evaporation Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. China: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 3. China: Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)

Table 4. China: Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 5. Japan: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 6. Japan: Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)

Table 7. Japan: Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 8. India: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 9. India Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)

Table 10. India: Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 11. South Korea: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 12. South Korea: Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)

Table 13. South Korea: Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 14. Australia: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 15. Australia: Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)

Table 16. Australia: Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 17. Rest of APAC: Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 18. Rest of APAC: Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)

Table 19. Rest of APAC: Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 20. Organic Developments Done by Companies

Table 21. Inorganic Developments Done by Companies

Table 22. Glossary of Terms

LIST OF FIGURES

Figure 1. APAC Solvent Evaporation Market Segmentation

Figure 2. APAC Solvent Evaporation Market, By Country

Figure 3. APAC Solvent Evaporation Market Overview

Figure 4. The Rotary Evaporators Held Largest Share by Type Segment in Market

Figure 5. China is Expected to Show Remarkable Growth During the Forecast Period

Figure 6. APAC PEST Analysis

Figure 7. Expert Opinion

Figure 8. APAC Solvent Evaporation Market: Impact Analysis of Drivers and Restraints

Figure 9. APAC Solvent Evaporation Market – Revenue Forecast and Analysis to 2028

Figure 10. APAC Solvent Evaporation Market Share, by Type, 2020 and 2028 (%)

Figure 11. APAC Rotary Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

Figure 12. APAC Small-Volume Rotary Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

Figure 13. APAC Large-Volume Rotary Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

Figure 14. APAC Nitrogen Blowdown Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

Figure 15. APAC Centrifugal Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

Figure 16. APAC Spiral Air Flow Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

Figure 17. APAC Solvent Evaporation Market Share, by End User, 2020 and 2028 (%)

Figure 18. APAC Pharmaceutical and Biopharmaceutical Industry: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

Figure 19. APAC Diagnostic Laboratories: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

Figure 20. APAC Research and Academic Institutes: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

Figure 21. APAC: Solvent Evaporation Market, by Key Country – Revenue (2020) (USD Million)

Figure 22. APAC: Solvent Evaporation Market, by Country, 2020 & 2028 (%)

Figure 23. China: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)

Figure 24. Japan: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)

Figure 25. India: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)

Figure 26. South Korea: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)

Figure 27. Australia: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)

Figure 28. Rest of APAC: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)

Figure 29. Impact of COVID-19 Pandemic in APAC Country Markets

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