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IT
Sprintex Enters China’s Mechanical Vapor Recompression Market with Jiangsu Bosiwei Partnership
['Imelda Cotton']
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Sprintex (ASX: SIX) has partnered with Jiangsu Bosiwei Chemical Equipment Engineering to co-develop a range of sub-3-tonne mechanical vapor recompression (MVR) systems for industrial applications in China.
The maiden project will target an energy-saving retrofit solution for major Chinese agriculture and biotech enterprise Hebei Yufeng Industrial.
MVR Market GrowthThe global MVR evaporator market is projected to reach $6.38 billion by 2035 at a 7.1% compound annual growth rate, while the global MVR compressor segment is forecast to reach more than $1.24 billion by the same time at an 8.49% CAGR.
The Asia-Pacific region accounts for up to 45% of total global MVR market share, and China leads global deployments with over 2,600 active operational installations across the chemical, pharmaceutical, and food processing industries.
The nation’s sub-3-tonne MVR market represents a rapidly expanding segment driven by stringent national environmental policies, mandatory zero liquid discharge requirements, and industrial decarbonisation targets.