Dry Vacuum Pump Market Share

APAC Market Forecast

The Asia Pacific dry vacuum pump market is set to hold the highest revenue share by 2037. The use of dry vacuum pumps in the chemical and petroleum sectors in the region is contributing to the growth of the regional market. For use in the chemical industry, solvents may be concentrated and recovered at the site of vacuum pump discharge. Therefore, it is an ideal design for the extraction of solvents. Most chemical-duty dry pumps can achieve vacuum values of between 5 and 6, according to their designs. 05 Torr. These benefits are relatively high in terms of their costs from the point of view of competing technologies. In the Asia Pacific region, the chemical industry accounts for more than 45% of global chemical production and 69% of global job opportunities. The demand for dry vacuum pumps will therefore increase as a result of the growth of the chemical industry in the Asia Pacific region.

North American Market Statistics

The dry vacuum pump market in the North America region is set to hold a significant share of 19% by the end of forecast period. Several chemistries specially developed for dry pump technology are used by the pharmaceutical sector in the region. Hydrocarbon cracking and stripping, compound synthesis, neutralisation and adsorption reactions as well as pharmaceutical intermediates are the most common chemical reactions used. Approximately 45% of the global pharmaceuticals market and 22% of world production are expected to be held by the US. Due to the continued spread of worldwide immunizations and rising demand for essential and ancillary healthcare, U.S. pharmaceutical production and sales continue to grow strongly in 2022.