PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1447034
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1447034
According to Stratistics MRC, the Global Tube Falling-Film Evaporator Market is growing at a CAGR of 5.5% during the forecast period. A Tube Falling-Film Evaporator is a type of heat exchanger used in the process industries for concentrating solutions. It operates on the principle of a falling film, where a liquid film flows downward over the surface of vertical tubes, while steam or another heating medium is applied to the exterior of the tubes. This causes evaporation of the volatile component(s) from the liquid film, leaving behind a more concentrated solution or a dry solid. These evaporators are commonly used in industries such as food and beverage, pharmaceuticals, and chemical processing for applications such as concentration of fruit juices, dairy products, pharmaceutical solutions, and various chemical solutions.
Growing demand for concentrated products
The market is experiencing a surge in demand for concentrated products due to several factors. Customers are increasingly seeking higher concentration levels in their products for enhanced quality and efficiency. Additionally, the growing trend towards compact and efficient manufacturing processes is driving the adoption of concentrated products, as they offer reduced storage and transportation costs. This trend is expected to continue driving growth in the market as companies prioritize efficiency and product quality.
Stringent regulatory compliance
Stringent regulatory compliance is a critical factor in the market, ensuring adherence to safety, environmental, and quality standards. Manufacturers must comply with regulations governing materials, processes, and emissions to guarantee product integrity and user safety. These regulations encompass various aspects, including design specifications, material sourcing, production methods, and waste management. Adhering to such standards not only fosters consumer trust but also enhances industry credibility, driving innovation and sustainability in the market.
Increasing focus on energy efficiency
As industries strive for sustainability and cost-effectiveness, the demand for evaporators that optimize energy usage has surged. Manufacturers are innovating with advanced materials and designs to enhance thermal efficiency while minimizing energy consumption. Additionally, regulatory pressures and heightened environmental consciousness among consumers are further driving this trend, prompting businesses to prioritize energy-efficient solutions in their operations to reduce carbon footprint and operational costs.
Fluctuating raw material prices
The market experiences fluctuations in raw material prices due to various factors such as supply chain disruptions, changes in demand dynamics, and geopolitical tensions. These fluctuations can impact production costs and pricing strategies for manufacturers. Volatility in prices of key materials like stainless steel, copper, and aluminium directly influences the overall operational expenses in the production of tube falling-film evaporators, thereby affecting market dynamics and profitability for industry players.
The COVID-19 pandemic significantly impacted the Tube Falling-Film Evaporator market, causing disruptions in supply chains, reduced industrial activities, and project delays. As many industries scaled back operations or faced closures, demand for such evaporators dwindled, leading to a decline in market growth. Additionally, restrictions on movement and trade hindered the installation and servicing of equipment, further challenging market dynamics. However, with the gradual easing of restrictions and recovery efforts, the market is expected to gradually rebound, albeit with lingering uncertainties.
The wiped film segment is expected to be the largest during the forecast period
The wiped film segment is expected to be the largest during the forecast period due to their efficiency in various industries. These evaporators offer enhanced heat transfer capabilities and minimal product degradation, making them ideal for sensitive applications. Additionally, their compact design and high scalability further contribute to their popularity in the market. With increasing demand for efficient evaporation solutions, the market is expected to witness continued expansion in the foreseeable future.
The multiple effect segment is expected to have the highest CAGR during the forecast period
The multiple effect segment is expected to have the highest CAGR during the forecast period. This innovation offers enhanced efficiency and productivity by utilizing multiple stages of evaporation within a single system. It optimizes energy consumption while maximizing output, making it highly attractive for industries requiring concentration or purification processes. With its ability to handle various liquids and adapt to diverse industrial needs, the multiple effect is poised to witness substantial growth.
North America is projected to hold the largest market share during the forecast period. With a focus on efficiency and sustainability, companies are increasingly adopting tube falling-film evaporators for their superior performance in heat-sensitive processes. The market is characterized by innovation and technological advancements, catering to diverse applications across various sectors. As demand for high-quality evaporators continues to rise, the market remains competitive and dynamic, poised for further growth.
Asia Pacific is projected to hold the highest CAGR over the forecast period due to rising demand across various industries such as food and beverage, pharmaceuticals, and chemical processing. Factors such as increasing adoption of energy-efficient technologies, stringent regulations regarding environmental sustainability, and growing investments in industrial infrastructure are driving market expansion. Additionally, advancements in manufacturing processes and technological innovations are further fueling market growth.
Key players in the market
Some of the key players in Tube Falling-Film Evaporator market include Alfa Laval, GEA Group, Robert Bosch GmbH, Evonik Industries, Siemens AG, Buchi Corporation, Hitachi Zosen Corporation, Mitsubishi Heavy Industries, Ltd., Kubota Corporation, Komax Systems, Inc., L&T Hydrocarbon Engineering and Tetra Pak.
In January 2024, Evonik has launched a sustainable baobab oil sourced from the Sahel region of Ghana as the latest product in its ECOHANCE(R) program.ECOHANCE(R) Soft Baobab is refined from the non-edible seeds of the baobab fruit and can be used in a wide range of natural cosmetic formulations such as hand creams, hair conditioners and body butters.
In November 2023, Evonik and Fuhua Tongda Chemicals Company (Fuhua) have signed a license agreement for Fuhua to build a new hydrogen peroxide plant in Leshan, Sichuan Province, using Evonik's know-how. Furthermore, both partners will evaluate a cooperation to jointly produce and market specialty grades of hydrogen peroxide with the aim to meet the rising demand for those applications on the Chinese market.