Spray Dryer Market Current and Future Trends, Leading Players, Industry Segments and Regional Forecast By 2032 | Says FMI Analyst
During the forecast period, spray dryer sales are expected to increase globally at a CAGR of 4.4%. It is anticipated that market revenue will amount to US$4,984.6 million in 2022 and US$7,643.3 million by 2032.
The material to be dried is atomized into tiny particles in spray dryers, where it is then dried by coming into contact with the heating medium. The dried product is then obtained in the form of dry granular powder. Atomization, contact with the heating medium, and product collection are the three main steps in the operation of a spray dryer.
Spray dryers are used in industries like food and pharmaceuticals where drying heat-sensitive materials and maintaining a material’s functional and nutritional value are top priorities. Spray dryers are used for a wide range of industrial products, including milk powder, cereals, antibiotics, vitamins, paint pigments, catalyst support, ceramics, etc. As a result, the food and beverage, pharmaceutical, and chemicals industries, among others, have seen a significant increase in demand for spray dryers.
Global Spray Dryer Market: Dynamics
Increasing demand from the food and pharmaceutical industry is the major driving factor for the growth of spray dryers market. Spray dryers also help in increasing the shelf life of products, which helps in easy transportation of products and minimizing the damage caused during the drying of products, which in turn, is resulting in an increase in demand for spray dryers.
Furthermore, technological advancements in spray dryers that increase their drying efficiency and minimize energy consumption will create opportunities for growth in the spray dryer market. Apart from this, in some cases, drying of food products with the help of spray dryers has resulted in some changes in food products’ organoleptic properties, such as taste, smell, etc.
This particular factor may hamper the growth of the spray dryer market owing to changing preference for alternative dryers for the same. Also, high maintenance and operation costs are yet another major factors expected to limit the selection of spray dryers in various industrial applications.
Global Spray Dryer Market: Regional Outlook
Significant growth of the food and pharmaceuticals industry in the Asia Pacific (APAC) region wherein spray dryers are frequently used will help in boosting the demand for spray dryers. Also, rising investments in the food sector and increasing demand for processed food products in APAC region will also lead to increased demand for spray dryers over the forecast period.
Moreover, rising investments in the food & pharmaceutical industry as well as new upcoming projects in countries, such as India and China, will help in driving the spray dryer market. Furthermore, growing demand from the chemical industry is major factor that is expected to drive growth in the spray dryer market in APAC region.
Thus, the spray dryer market in APAC region is expected to register healthy growth over the forecast period. North America and Europe are the other major markets for spray dryers owing to increasing demand from the food industry for energy efficient equipment coupled with standard manufacturing norms regarding food processing.
In Europe and North America, the spray dryers market is expected to register substantial growth over the forecast period. Moreover, Latin America and Middle East & Africa spray dryers market are expected to register slow growth over the forecast period.
Global Spray Dryer Market: Key player
Examples of some of the market participants identified across the value chain of the global Spray Dryer market include GEA Group AG, European Spraydry Technologies Llp, Dedert Corporation, SPX Flow Technology Denmark A/S, C.E. Rogers Company, Changzhou Lemar Drying Engineering Co. Ltd., Buchi Labortechnik AG, Shandong Shungeng Drying Equipment Co., Ltd., Acmefil Engineering Systems Pvt. Ltd. and New AVM Systech Pvt. Ltd., among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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