Global Wiped Film Evaporators (WFE) Market Size By Application (Chemical Industry, Pharmaceuticals, Food and Beverages, Petrochemical Industry, Textile Industry), By Geographic Scope And Forecast
Published on: 2024-08-04 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Wiped Film Evaporators (WFE) Market Size By Application (Chemical Industry, Pharmaceuticals, Food and Beverages, Petrochemical Industry, Textile Industry), By Geographic Scope And Forecast
Wiped Film Evaporators (WFE) Market Size And Forecast
Wiped Film Evaporators (WFE) Market size was valued at USD 465.96 Million in 2022 and is projected to reach USD 613.10 Million by 2030, growing at a CAGR of 3.58% from 2024 to 2030.
The increasing demand for efficient separation and purification processes, as well as the growing need for heat-sensitive material processing, has contributed to the market’s expansion. The Global Wiped Film Evaporators (WFE) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
What are Wiped Film Evaporators (WFE)?
A Wiped Film Evaporator (WFE) is a type of thin-film evaporator used to separate components of a liquid mixture based on their boiling points. It is widely used in various industries for distillation, concentration, and purification processes. The name “wiped film” comes from the way the liquid is spread as a thin film on the inner surface of the evaporator, and a wiping mechanism ensures that the film remains uniform and continuously renewed.
Wiped film evaporators quickly separate components that are more volatile from those that are less volatile by using controlled mechanical agitation of a flowing product film and indirect heat transfer. Depending on the use, either the distillate (which is vaporized) or the concentrated component may be the final result.
Concentration, resource recovery, devolatilization, evaporation, purification, finishing, distillation / fractionation, solvent recovery, drying / dehydration, reactions, reboiling, and stripping are typical processes for wiping film evaporators.
If you require a continuous processing method for your heat-sensitive, viscous, and fouling materials, a wiped film evaporator is the best equipment for you. It is made up of a single evaporation tube that has a mechanical rotating mechanism attached to it. This device guarantees a continual mixing of the film, a uniform distribution of the liquid on the heated surface, and low fouling of the evaporation surface.
What's inside a
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
Global Wiped Film Evaporators (WFE) Market Overview
The Wiped Film Evaporators (WFE) Market has been experiencing steady growth due to their widespread applications in various industries such as pharmaceuticals, chemicals, food and beverage, petrochemicals, and others. The increasing demand for efficient separation and purification processes, as well as the growing need for heat-sensitive material processing, has contributed to the market’s expansion.
The pharmaceutical and chemical sectors have been witnessing substantial growth, driving the demand for separation and purification technologies like Wiped Film Evaporators. The pharmaceutical industry has indeed been experiencing significant growth, and this trend was expected to continue in the coming years. The global population is aging, particularly in developed countries. An aging population often leads to an increase in chronic diseases and medical conditions that require pharmaceutical interventions, boosting demand for medications.
Similarly, the chemical industry had been experiencing growth, and the trend was expected to continue in the coming years. The availability of shale gas in some regions has provided a cost advantage for the production of petrochemicals, which are used as raw materials in various industries. Along with, there is a rising demand for specialty chemicals that offer unique properties and specific applications, including high-performance materials, advanced coatings, and specialty additives.
Global Wiped Film Evaporators (WFE) MarketSegmentation Analysis
The Global Wiped Film Evaporators (WFE) Market is segmented on the basis of Application and Geography.
Wiped Film Evaporators (WFE) Market, By Application
To Get a Summarized Market Report By Application-
Based on Application, the Global Wiped Film Evaporators (WFE) market can be segmented into Chemical Industry, Pharmaceuticals, Food and Beverages, Petrochemical Industry, Textile Industry, and Others. The Chemical Industry accounted for the largest market share of 38.82% in 2022, with a market value of USD 180.90 Million, and is projected to grow at the highest CAGR of 4.44% during the forecast period.
Wiped Film Evaporators (WFE) Market, By Geography
To Get a Summarized Market Report By Geography-
On the basis of regional analysis, the Global Wiped Film Evaporators (WFE) Market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia-Pacific accounted for the largest market share of 43.23% in 2022, with a market value of USD 201.43 Million, and is projected to grow at the highest CAGR of 4.43% during the forecast period.
Key Players
The major players in the market are Sulzer, 3V Tech, BUSS-SMS-CANZLER GMBH, GIG KARASEK GMBH, LCI CORPORATION, VTA, PFAUDLER, Waterman Engineers, Pinakin Technology Solutions, WUXI HAIYUAN, Biochemical Equipment, WUXI HEXIANG Biochemical Equipment, Technoforce, Artisan Industries, VOBIS, LLC, WUXI LIMA Chemical Machinery, Concept Process Equipment, Chem Process Systems Ltd, SVAAR Process, Chem Flotronics, and others. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2019-2030 |
BASE YEAR | 2022 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2019-2021 |
UNIT | Value (USD Million) |
KEY COMPANIES PROFILED | Sulzer, 3V Tech, BUSS-SMS-CANZLER GMBH, GIG KARASEK GMBH, LCI CORPORATION, VTA, PFAUDLER, Waterman Engineers, Pinakin Technology Solutions, WUXI HAIYUAN, Biochemical Equipment, & Others |
SEGMENTS COVERED | Application and Geography |
CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
To Get Customized Report Scope-
Top Trending Reports
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
Customization of the Report
• In case of any please connect with our sales team, who will ensure that your requirements are met.