The crystallization equipment market is estimated to rise from USD 3,229.6 million in 2024 to USD 4,174.7 million by 2034. Sales of crystallization equipment are anticipated to grow at a CAGR of 3.20% from 2024 to 2034. In 2023, the global crystallization equipment market was valued at USD 3,136.8 million.
Attributes | Key Statistics |
---|---|
Crystallization Equipment Market Size (2024) | USD 3,229.6 million |
Anticipated Market Value (2034) | USD 4,174.7 million |
Value-based CAGR (2024 to 2034) | 3.20% CAGR |
Increasing Demand for Crystallization Equipment from the Pharmaceutical Sector
The COVID-19 pandemic has substantially transformed the global pharmaceutical industry in many ways. There has been an increasing demand for efficient processes for manufacturing pharmaceutical compounds such as drugs, medications, vaccines, etc. This has resulted in a rapid surge in the demand for crystallization equipment, a critical step in pharmaceutical manufacturing. It is used to isolate and purify chemical compounds, ensuring the production of high-quality pharmaceutical products.
The market has also boomed in the past few years because it helps achieve the desired level of purity, which is crucial for the efficacy and safety of the final drug product. The pharmaceutical industry is continuously expanding due to population growth, aging demographics, and increasing healthcare needs. All of these factors have collectively led to the rise in the significance of crystallization equipment in the pharma industry, thus elevating the global market revenue.
The crystallization equipment market heavily relies on the performance of several industries, such as pharmaceutical, biotechnology, chemical, and food and beverage. The growth of this market is also dependent upon the adoption of advanced technologies and crystallization equipment in manufacturing factory units all over the world. The overall global economic condition also significantly influences the expansion of this market.
Historically speaking, the crystallization equipment market has witnessed several peaks and troughs. During the pandemic, the demand for machine tool equipment rapidly declined as the world faced sudden shutdowns. Sluggish manufacturing needs in the initial phases of the pandemic adversely affected the market. Later on, as the pharma industry boomed, the demand for crystallization processes in the medical industries experienced a remarkable expansion.
Post-pandemic, as the world returned to normalcy and the demand for manufacturing equipment became steady, the market growth became stable. Recessionary economies and the ongoing war-like situations in many European as well as Middle Eastern countries have heavily impacted the petrochemical industry, which is one of the largest consumers of the market. Despite these challenges, the food and beverage industry and technological advancements in biotechnology are expected to propel the market.
Attributes | Key Statistics |
---|---|
Crystallization Equipment Market Value (2019) | USD 2,830.7 million |
Historical Market Value (2023) | USD 3,136.8 million |
CAGR (2019 to 2023) | 2.60% CAGR |
The pharmaceutical industry has been going through a period of rapid expansion in the past few years. The increasing need for precision and efficiency in drug development and manufacturing in the pharmaceutical industry is one of the critical drivers for the growth of the equipment market. Pharma companies all over the world are investing heavily to bring innovations in the crystallization processes, thus fueling the market growth.
Top End-Use Industry | Pharmaceutical |
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Market share (2024) | 24.00% |
On the basis of the end-use industry, the pharmaceutical industry dominates the market with a whopping market share of 24.00% in 2024. This highly sophisticated technology has not only seen adoption in developed countries but has also gained popularity in developing countries such as India, Brazil, Australia, etc. As the pharma industry continues to grow, the demand for crystallization equipment is bound to experience a considerable expansion.
The batch-type crystallization equipment is gaining tremendous attention from industries all over the world due to its flexibility and ease of control. Batch crystallization allows for the precise manipulation of conditions such as temperature, pressure, and solvent ratios. These factors are crucial for achieving consistent product quality, especially in industries such as pharmaceutical and chemical, where the slightest variation in crystallization conditions can significantly impact the purity and characteristics of the final product.
Top Product Type | Batch-type |
---|---|
Market share (2024) | 31.00% |
On the basis of product type, batch-type crystallization equipment dominates the market with a share of 31.00%. Its demand in the international market can also be attributed to its ability to handle a wide range of production volumes without compromising on efficiency or product quality. This makes batch-type crystallization equipment a preferred choice for small-scale as well as giant manufacturing units in streamlining their operations.
This section provides an analysis of the crystallization equipment market by countries, including the United States, the United Kingdom, Australia, China, and India. The table presents the CAGR for each country, indicating the expected growth of the market through 2034.
Countries | CAGR (2024 to 2034) |
---|---|
India | 3.90% |
China | 3.70% |
Australia | 2.90% |
United Kingdom | 2.80% |
United States | 2.80% |
The crystallization equipment market in India is anticipated to grow at a significant rate of 3.90% CAGR during the forecast period from 2024 to 2034.
The Chinese crystallization equipment market is expected to showcase remarkable growth of 3.70% from 2024 to 2034.
The crystallization equipment market in Australia is anticipated to grow at a significant rate of 2.90% CAGR over the forecast period.
The crystallization equipment market in the United Kingdom is anticipated to grow at a significant rate of 2.80% from 2024 to 2034.
The crystallization equipment market in the United States is anticipated to grow at a 2.80% CAGR over the forecast period.
The competitive landscape for crystallization equipment is filled with numerous international companies with a worldwide reach. The industry is still nascent, with ample room for innovations. There is a noticeable push towards sustainable manufacturing practices in the manufacturing hub, and the crystallization processes are no exception. Despite these challenges, many small to medium-sized enterprises cater to the needs of local manufacturers seeking efficient crystallization services.
Recent Developments
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Units) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Type, 2019 to 2034
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Table 7: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: North America Market Volume (Units) Forecast by Country, 2019 to 2034
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Table 19: Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
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Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
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Table 31: South Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
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Table 37: Oceania Market Value (US$ Million) Forecast by Country, 2019 to 2034
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Table 43: MEA Market Value (US$ Million) Forecast by Country, 2019 to 2034
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Table 48: MEA Market Volume (Units) Forecast by Application, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Type, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Application, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Volume (Units) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 9: Global Market Volume (Units) Analysis by Type, 2019 to 2034
Figure 10: Global Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 11: Global Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 12: Global Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 13: Global Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 14: Global Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 15: Global Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 16: Global Market Attractiveness by Type, 2024 to 2034
Figure 17: Global Market Attractiveness by Application, 2024 to 2034
Figure 18: Global Market Attractiveness by Region, 2024 to 2034
Figure 19: North America Market Value (US$ Million) by Type, 2024 to 2034
Figure 20: North America Market Value (US$ Million) by Application, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 23: North America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 26: North America Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 27: North America Market Volume (Units) Analysis by Type, 2019 to 2034
Figure 28: North America Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 29: North America Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 30: North America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 31: North America Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 34: North America Market Attractiveness by Type, 2024 to 2034
Figure 35: North America Market Attractiveness by Application, 2024 to 2034
Figure 36: North America Market Attractiveness by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) by Type, 2024 to 2034
Figure 38: Latin America Market Value (US$ Million) by Application, 2024 to 2034
Figure 39: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 45: Latin America Market Volume (Units) Analysis by Type, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 49: Latin America Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 52: Latin America Market Attractiveness by Type, 2024 to 2034
Figure 53: Latin America Market Attractiveness by Application, 2024 to 2034
Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 55: Europe Market Value (US$ Million) by Type, 2024 to 2034
Figure 56: Europe Market Value (US$ Million) by Application, 2024 to 2034
Figure 57: Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 59: Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 62: Europe Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 63: Europe Market Volume (Units) Analysis by Type, 2019 to 2034
Figure 64: Europe Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 65: Europe Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 66: Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 67: Europe Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 68: Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 69: Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 70: Europe Market Attractiveness by Type, 2024 to 2034
Figure 71: Europe Market Attractiveness by Application, 2024 to 2034
Figure 72: Europe Market Attractiveness by Country, 2024 to 2034
Figure 73: East Asia Market Value (US$ Million) by Type, 2024 to 2034
Figure 74: East Asia Market Value (US$ Million) by Application, 2024 to 2034
Figure 75: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 76: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 77: East Asia Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 78: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 79: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 80: East Asia Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 81: East Asia Market Volume (Units) Analysis by Type, 2019 to 2034
Figure 82: East Asia Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 83: East Asia Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 84: East Asia Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 85: East Asia Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 86: East Asia Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 87: East Asia Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 88: East Asia Market Attractiveness by Type, 2024 to 2034
Figure 89: East Asia Market Attractiveness by Application, 2024 to 2034
Figure 90: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 91: South Asia Market Value (US$ Million) by Type, 2024 to 2034
Figure 92: South Asia Market Value (US$ Million) by Application, 2024 to 2034
Figure 93: South Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: South Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: South Asia Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 96: South Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 97: South Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 98: South Asia Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 99: South Asia Market Volume (Units) Analysis by Type, 2019 to 2034
Figure 100: South Asia Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 101: South Asia Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 102: South Asia Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 103: South Asia Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 104: South Asia Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 105: South Asia Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 106: South Asia Market Attractiveness by Type, 2024 to 2034
Figure 107: South Asia Market Attractiveness by Application, 2024 to 2034
Figure 108: South Asia Market Attractiveness by Country, 2024 to 2034
Figure 109: Oceania Market Value (US$ Million) by Type, 2024 to 2034
Figure 110: Oceania Market Value (US$ Million) by Application, 2024 to 2034
Figure 111: Oceania Market Value (US$ Million) by Country, 2024 to 2034
Figure 112: Oceania Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 113: Oceania Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 114: Oceania Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 115: Oceania Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 116: Oceania Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 117: Oceania Market Volume (Units) Analysis by Type, 2019 to 2034
Figure 118: Oceania Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 119: Oceania Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 120: Oceania Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 121: Oceania Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 122: Oceania Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 123: Oceania Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 124: Oceania Market Attractiveness by Type, 2024 to 2034
Figure 125: Oceania Market Attractiveness by Application, 2024 to 2034
Figure 126: Oceania Market Attractiveness by Country, 2024 to 2034
Figure 127: MEA Market Value (US$ Million) by Type, 2024 to 2034
Figure 128: MEA Market Value (US$ Million) by Application, 2024 to 2034
Figure 129: MEA Market Value (US$ Million) by Country, 2024 to 2034
Figure 130: MEA Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 131: MEA Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 132: MEA Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 133: MEA Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 134: MEA Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 135: MEA Market Volume (Units) Analysis by Type, 2019 to 2034
Figure 136: MEA Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 137: MEA Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 138: MEA Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 139: MEA Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 140: MEA Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 141: MEA Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 142: MEA Market Attractiveness by Type, 2024 to 2034
Figure 143: MEA Market Attractiveness by Application, 2024 to 2034
Figure 144: MEA Market Attractiveness by Country, 2024 to 2034
The crystallization equipment market is projected to expand at a CAGR of 3.20% from 2024 to 2034.
The pharmaceutical industry majorly drives the demand for crystallization equipment in the global marketplace.
Amcor, Berry Global, and Sealed Air are some of the leading players in the market.
The market is anticipated to reach USD 4,174.7 million by 2034.
India is the leading country in the market, with a CAGR of 3.90% through 2034.
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