Global Washing Machines & Solvent Distillation Units Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Washing Machines & Solvent Distillation Units Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Washing Machines clean press components using solvent or alkaline water-based cleaners, capable of washing all types of inks and leaving them completely clean and dry, ready for immediate use. These machines are usually made of high-strength materials to ensure a long service life and low maintenance. Automated plate cleaning frees operators to do more profitable things like focusing on the printing process and makeready functions. Solvent Distillation Units are used for steam and wastewater stripping, chemical product purification, and solvent recovery. Solvent Distillation Units typically consist of metal cylinders with perforated horizontal plates inside to facilitate the separation of liquids rising as vapor. Solvent Distillation Units facilitate the clean, safe, reliable, and cost-effective recovery and recycling of waste.

Market Overview:

The latest research study on the global Washing Machines & Solvent Distillation Units market finds that the global Washing Machines & Solvent Distillation Units market reached a value of USD 112.0 million in 2022. It’s expected that the market will achieve USD 145.87 million by 2028, exhibiting a CAGR of 4.5% during the forecast period.

North America

North America is one of the major markets for printers in terms of market size. A wide range of applications in many sectors such as government, enterprise, home and office, educational institutions, etc., drives the revenue growth of the printer market in this region. The market growth is primarily attributed to the high demand for commercial printing for marketing, packaging, labeling, and advertising purposes. A mature business environment has increased the demand for printing inks in packaging and labeling applications, as has the use of large format printers for printing professional data and business presentations. For example, the U.S. Government Publishing Office’s (GPO) Print Acquisition Program awarded nearly $401.6 million in contracts to private printing companies nationwide to meet the printing and publishing needs of federal agencies in FY 2021. Nearly 82 percent of all print ordered by federal agencies comes from GPO services performed by private sector firms that contract with the agency. GPOs typically award contracts to 1,000–2,000 print contractors per year on a competitive basis. The rise of digital printing and the rapid development of 3D printing technology has increased the demand for new printers. Digital printing, driven by the adoption of artificial intelligence and IoT technologies, reduces the cost of color printing and has a better return on investment. 3D printing is mainly used in industries such as consumer goods, healthcare, education and research, defense, aerospace, and automotive. The major drivers of the North American 3D printing market include efficient use of materials, minimization of human errors, customization of products, and reduction in production time and cost. U.S. government initiatives for the development of 3D printing and funding for research and development have accelerated the adoption of the technology in the region. Therefore, the prosperity of the North American printer market represented by the United States has promoted the demand for printer cleaning equipment.

North America is expected to lead the solvent distillation unit market due to the presence of a large number of chemicals, food, and other players. The United States is one of the world's largest producers of chemical products. Besides Germany, the US is the world's largest exporter of chemicals. Dow, LyondellBasell, and DuPont from the United States are global leaders in the chemical industry. According to Statista data, including the pharmaceutical industry, its chemical shipments in 2021 will be close to 770 billion US dollars. In the same year, the added value of the chemical industry in the United States exceeded 438 billion US dollars. At the same time, the US chemical industry spends enormous amounts on research and development. In 2021, the chemical industry will spend more than $11 billion on research and development. R&D funding has remained fairly constant over the past decade. As such, the US is a global leader in the development of new chemical and pharmaceutical entities. The prosperity of the chemical industry has driven the demand for wastewater recovery and solvent recycling.

Europe

Europe is one of the world's major commercial printing markets. The printing market is primarily driven by growing advertising demand from multinational corporations and increasing automation leading to increased efficiency and improved outcomes in printing operations. Manufacturers of pharmaceutical and tobacco product packaging and labels have increased demand for security printing. The increasing use of advanced flexographic printing methods by businesses is also stimulating the growth of the market. The Covid-19 pandemic has led to a surge in food and pharmaceutical purchases, proving that packaging is a highly resilient segment of the printing industry. But it is also subject to increasing regulatory scrutiny in the European Union. Environmental concerns have prompted regulatory agencies to raise standards in the printing industry, increasing the demand for eco-friendly inks. Eco-friendly inks help to improve the recyclability of paper and achieve effective separation of ink and paper. Western Europe is the main market for print-on-demand services in the EU. Print-on-demand services include on-demand printing of brochures, newspapers, and other products. It is a better solution for low-quantity orders of printed products, and it provides better product quality as well as customer support than traditional printing. Additionally, in 2019 the European Union announced funding of €300,000 to enhance the competitiveness of SMEs in the field of 3D printing. The initiative aims to accelerate the European 3D printing market under Industry 4.0 by creating a digital framework to strengthen the additive manufacturing technology cluster. Therefore, the printing industry market in Europe is relatively large, creating a demand for printer cleaning equipment.

Solvents are widely used in paints and coatings, automotive, pharmaceutical, petrochemical, and various other manufacturing industries. The cost of disposing of solvents increases costs for manufacturers due to rising solvent prices and rising disposal costs. This is also a major factor contributing to the growth of the solvent recovery industry. The need to maintain a safe environment by removing used chemicals from production sites has also increased the need for solvent recovery. A large number of SMEs operating in different parts of Europe are outsourcing solvent recovery to avoid the costs of plant and machine setup. Strong government focuses on sustainable industrial operations coupled with a focus on hazardous solvent handling will drive the demand for solvent recovery equipment in the European region. The European Solvent Recovery Group (ESRG) was founded based on the German Chemical Distributors Association, which focuses on promoting solvent recovery among member companies. The objectives of the ESRG are fully in line with the requirements of European law for the efficient use and management of resources. Technological advancements and the use of advanced systems for solvent reuse in the industry have also led to the growth of the solvent recovery industry in Europe.

Asia-Pacific Due to the rapid industrialization trend of high-growth economies, the printing industry in countries such as China, India, and the ASEAN region is growing rapidly. Rising demand for high-quality pictures owing to increasing government funding and improving educational facilities in many developing countries has led to increased sales of printers for printing learning and teaching materials. Economic development has increased the number of SMEs and the rising demand for printers to print important documents in the corporate sector is also positively impacting the market. Advances in digital technology in China and India have prompted traditional printers to be replaced by high-tech commercial printers due to their high-speed capabilities. Major players in the printing industry are focusing on collaborations and mergers and acquisitions to increase their overall sales and market share, and they are also integrating advanced technologies to launch drip-free refill mechanisms and affordable products that minimize printing interruptions. They are designing wireless printers thanks to dramatic improvements in network infrastructure. In addition, the boom in retail and e-commerce platforms offers great potential for the growth of the packaging industry and also boosts the demand for printers.

Asia Pacific is expected to be the major region in the global solvent distillation unit market. The growing pharmaceutical, electronics, agrochemical, and chemical industries, the introduction of environmental laws by governments of various countries, and the rising awareness about by-product management and recycling will greatly facilitate the growth of the solvent recovery market. Manufacturing upgrades have resulted in the outsourcing of most chemical manufacturing in Europe to the Asia-Pacific region, where industrial subsidiaries and multinational corporate offices are also growing. Furthermore, the low cost of raw materials and labor required for the production of solvent distillation units in Asia Pacific is favorable for the growth of the industry.

Region Overview:

In 2022, the share of the Washing Machines & Solvent Distillation Units market in North America stood at 35.00%.

Company Overview:

The major players operating in the Washing Machines & Solvent Distillation Units market include DW RENZMANN, OFRU, NexGen Enviro Systems, IST, Flexo Wash, etc. Among which, DW RENZMANN ranked top in terms of sales and revenue in 2023.

Segmentation Overview:

By type, Washing Machines segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Printers segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Washing Machines & Solvent Distillation Units market covered in Chapter 3:

Flexo Wash
OFRU
IST
Brofind
Alphasonics
Trimac
YUBO GRAVURE TECHNOLOGY CO.,LIMITED
DW RENZMANN
NexGen Enviro Systems

In Chapter 4 and Chapter 14.2, on the basis of types, the Washing Machines & Solvent Distillation Units market from 2018 to 2029 is primarily split into:

Washing Machines
Solvent Distillation Units

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Washing Machines & Solvent Distillation Units market from 2018 to 2029 covers:

Printers
Coating, Paint, Glue, Ink
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)