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Industrial Dryer Market

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Title: Industrial Dryer Market


1
  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

2
INDUSTRIAL 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

3
Market 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.

6
Figure 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.

9
Figure 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

12
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    market-insight/industrial-dryer-market-3789

13
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14
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15
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