9-May-2019: The global spray drying equipment market size
is estimated to reach USD 7.19 billion by 2025 expanding at a CAGR of 6.8%,
according to a new study by Grand View Research, Inc. Spray drying method
transforms a liquid, slurry, or semi-solid feed into a dried powder form using
hot gas. It is the most preferred method to dry food materials, pharmaceutical
products, and other temperature-sensitive items, such as dairy products. Thus,
demand from the dairy processing industry for producing milk powder and stabilizing
the milk constituents and from the pharmaceutical industry for producing
antibiotics is anticipated to drive the market.
The demand for nutrition
products including whey protein, mass gainer, egg white protein, casein protein
has increased due to rising awareness about leading a healthy lifestyle. This,
in turn, has also augmented the demand for dryers from the nutraceutical
industry. Moreover, growing need to increase the shelf-life of processed food
and pharma products will open new growth opportunities in the food processing
and pharmaceutical industries. Increasing demand for resins and polymers in
line with the growing usage of synthetics has triggered the demand for drying
Suspension Polyvinyl Chloride (S-PVC), Emulsion (E)-PVC, and other chemicals
required for producing building pipes, cable insulations, and hard and soft
foils.
In addition, rising usage of
spray dryers for industrial purposes is expected to drive the market growth
from 2019 to 2025. Additionally, increasing need for application-specific
dryers is also creating opportunities for the product manufacturers. For
instance, the risk of explosion and emission of hazardous gases while drying
chemical and pharmaceutical products has led to the development of closed loop
dryers. Similarly, the need to process and produce powder particles in bulk
quantities is leading to significant adoption of three-stage equipment.
However, high installation and maintenance costs and the inability of spray
dryers to process highly-viscous materials, such as starch and fruit pulp, may
hinder the market growth.
In
depth research report on Spray Drying Equipment Market
Further
key findings from the study suggest:
· The
demand for three-stage spray drying equipment is expected to increase over the
forecast period owing to its benefits, such as high thermal efficiency, low
energy consumption ratio, and ability to process bulk production
· North
America accounted for the largest market share in 2018 owing to high annual
milk production in U.S. as a result of demand for powdered milk, infant
products, and other nutraceutical products
· Wide
product usage in the pharmaceutical industry is also anticipated to drive the
North America spray drying equipment market over the forecast period
· Changing
food preferences and growing number of food processing plants in emerging
economies, such as India and China, are expected to propel the APAC market
· Chemical
is expected to be the fastest-growing application segment over the forecast
period due to wide use of spray drying equipment in the production of polymers
& resins, hard metals, dyestuff & pigments, and agrochemicals
· Key
companies, such as GEA Group Aktiengesellschaft, Dedert Corporation, Tetra Pak
International S.A., are strategically expanding their geographical footprint to
increase the overall profitability
Grand View Research has
segmented the global spray drying equipment market on the basis of product,
stage, cycle, flow, application, and region:
Spray
Drying Equipment Product Outlook (Revenue, USD Million, 2015 - 2025)
· Rotary
Atomizer
· Nozzle
Atomizer
· Fluidized
· Centrifugal
Spray
Drying Equipment Stage Outlook (Revenue, USD Million, 2015 - 2025)
· Single-Stage
· Two-Stage
· Multi-Stage
Spray
Drying Equipment Cycle Outlook (Revenue, USD Million, 2015 - 2025)
· Open
· Closed
Spray
Drying Equipment Flow Outlook (Revenue, USD Million, 2015 - 2025)
· Co-Current
· Counter-Current
· Mixed
Flow
Spray
Drying Equipment Application Outlook (Revenue, USD Million, 2015 - 2025)
· Food
& Dairy
· Pharmaceuticals
& Nutraceuticals
· Chemicals
· Others
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About
Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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