Title: Industrial Dryer Market
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2INDUSTRIAL DRYER MARKET ANALYSIS
- Industrial Dryer Market, by Product Type
(Fluidized Bed Dryer (Batch, Continuous), Rotary
Dryer, Spray Dryer, Flash Dryer, Vacuum Dryer and
Other), by Operating Principle (Direct Drying and
Indirect Drying), by End-use Industry (Food,
Fertilizer, Chemical, Construction Material,
Paper Pulp, Pharmaceutical and Others) and by
Region (North America, Latin America, Europe,
Asia Pacific, Middle East and Africa) - Size,
Share, Outlook, and Opportunity Analysis, 2020 -
2027
3Market Overview Industrial dryers are used to
effectively process large quantities of bulk
materials that require reduced moisture levels.
Industrial dryers are available in different
sizes depending upon the amount of material
needing to be dried. Generally, dryers function
on two principles namely direct drying and
indirect drying whereas various types of dryers
are available in the market including a flash
dryer, rotary dryer, spray dryer, and fluidized
dryer. Industrial dryers find applications in
various sectors including pharmaceutical, food,
chemical, mining minerals, constructions, etc.
Other types of dryers are also available such as
paddle dryers that are used where maximum heat
transfer is required. The global Industrial
Dryer Market was accounted for US 2,929.7 Mn in
terms of value and 2,648 units in terms of volume
in 2019 and is expected to grow at CAGR
of 3.5 for the period 2020-2027.
4- Market Dynamics- Driver
- Rising demand from pharmaceutical and food
sectors is expected to drive growth of the global
industrial dryer market during the forecast
period - The quality of the product in the pharmaceutical
industry is a major concern. This is also
important due to strict government regulations
over product quality and its specification in
food and pharmaceutical industry. Generally,
products in the industries are heat sensitive
that require suitable devices for drying process.
The technologically advanced industrial dryers
such as vacuum dryers and fluidized bed dryers
are suitable equipment for drying operation in
food and pharmaceutical industry. Moreover, these
dryers are suitable for other unit operations
such as purification and separation involved in
the industry. Thus, high growth of the
pharmaceutical and food sectors is expected to
drive growth of the global industrial dryer
market in the near future. According to Coherent
Market Insights analysis, there are over 450
projects in the pharmaceutical industry and over
300 projects in the food industry that are
expected to be completed in the near future.
5- Increasing application of dryers in various
sectors is expected to propel the global
industrial dryers market growth over the forecast
period - Industrial dryers have witnessed a massive demand
from various industry including healthcare,
chemical, mining minerals, constructions, etc.
Different types of industrial dryers are used
such as vacuum dryer in biological products and
food sector, fluidized bed dryer in fertilizer,
pesticides, and ceramics, sprayer in antibiotics,
vitamins, and catalyst support, and rotary dryers
in fertilizers, waste sludge, limestone,
plastics, and chemicals. Hence, the wide use of
dryers is expected to propel the global
industrial dryer market growth over the forecast
period. - Statistics
- Asia Pacific region is expected to dominate the
global Industrial Dryer Market in 2019,
accounting for 31.7 share in terms of value,
followed by North America, Europe, Middle East
and Africa and Latin America.
6Figure 1 Global Industrial Dryer Market Share
() in Terms of Value, By Region, 2019
7- Market Dynamics- Restraints
- High operational costs are expected to hamper
growth of the global industrial dryer market
during the forecast period - The process of drying is energy-intensive
regarding manufacturing a product. In industrial
sector, it is estimated that drying process alone
consumes around 10 to 20 energy relative to
other unit operations involved in the industry.
Furthermore, majority of industrial dryers are
focused on operations that require hot air for
drying, which is formed by the burning of fossil
fuel. Burning of fossil fuel imparts additional
operational costs in the drying process. Hence,
these factors are expected to hamper the market
growth in the near future - .
- Strict environmental regulations are expected to
hinder the global industrial dryer market growth
over the forecast period - There are various strict government regulations
enforced across the globe including REACH, EPA,
etc. Industrial dryers such as belt dryers and
tray dryers are adopted by small industries since
they are low cost although they are less
efficient well. Hence, these factors are expected
to hinder the global industrial dryer market
growth over the forecast period.
8- Market Opportunities
- High growth of food processing industry can
present major business opportunities - Food processing industry has expanded
significantly in the recent past. Dryers can be
used to prevent food spoilage by removing water
from both preparation and processing of food
products. Dryers can provide clean and dry air
that can help extend product life and can assist
in packaging, transporting and storing food
products. Key companies in the market can
capitalize on lucrative opportunities and gain
significant advantages in the market. - High growth of the pharmaceutical industry can
pose significant growth opportunities - The pharmaceutical industry deploys different
types of industrial dryers including
freeze-dryers, vacuum dryers, continuous-tray
dryers, mixer dryers, etc. The pharmaceutical
industry has expanded significantly in the recent
past and as a result of this, there is a high
demand for dryers. Key companies in the market
can capitalize on lucrative opportunities and
gain significant advantages in the market. - The global industrial dryer market was valued at
US 2,929.7 Mn in 2019 and is forecast to reach a
value of US 3,895.7 Mn by 2027 at a CAGR of 3.5
between 2020 and 2027.
9Figure 2 Global Industrial Dryer Market Value
(US Mn), 2016 - 2027
10- Market Trends
- Rising adoption of superheated steam dryers is a
major adoption - Superheated steam dryers have witnessed
significant massive adoption with industries
demanding standards for intended drying
applications. Higher operating costs associated
with conventional drying processes resulted in
growing emphasis on either improving drying
process economics or on the development of
alternative lower-cost processes. For instance,
the GEA group offers Superheated Steam Dryer
Processor for drying of oilseeds, beans, and
proteins. Also, BMA AG offers a fluidized-bed
steam dryer for drying of biomass, which can
recover 90 of energy. - Market consolidation activities worldwide
- Major companies in the market are focused on
merger and acquisition activities, in order to
enhance the market presence. For instance, in
June 2016, ANDRITZ AG acquired Euroslot KDSS,
including its two subsidiaries in China and
India, which are involved in manufacturing of
separation and filtration equipment. Moreover, in
November 2016, HEINKEL Drying and Separation
Group announced expansion of two of its workshops
in Foshan, China, in order to increase its
presence in the APAC market.
11- Segment information
- In global Industrial Dryer Market, by Operating
Principle, Indirect Drying sub-segment dominated
the global market in 2019, accounting for 77.7
share in terms of value, followed by Direct
Drying. - Competitive Section
- Key players operating in the global industrial
dryer market are Metso Corporation, Anivi
Ingenieria SA, ThyssenKrupp AG, YAMATO SANKO MFG.
CO. LTD., ANDRITZ AG, Wuxi Modern Spray Drying
Equipment Co., Ltd, Buhler AG, Ventilex Inc., GEA
Group, Comspain XXI S.A., Carrier Vibrating
Equipment, Inc., FEECO International, Inc.,
HEINKEL Drying and Separation Group, Mitchell
Dryers Ltd., Spooner Industries Ltd, Changzhou
Fanqun Drying Equipment Co. Ltd., and Changzhou
Yibu Drying Equipment Co., Ltd. - Key Developments
- Major companies in the market are involved in
partnerships and collaborations, in order to
enhance the market. For instance, in May 2016,
the company entered into a long term service
partnership agreement with TATA Chemicals Limited
to restructure pyro-processing systems. The
agreement includes repairing, rebuilding and
modifying 7 calciners and 12 rotary dryers at the
Green River, U.S. production facility. - Key players in the market are focused on mergers
and acquisitions, in order to gain a competitive
edge in the market. In June 2015, ANDRITZ AG
acquired Euroslot KDSS, including its two
subsidiaries in China and India which are
involved in the manufacturing of separation and
filtration equipment
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