During the forecast period, global spray dryer sales are expected to grow at a CAGR of 4.4%. The market revenue is expected to be valued at US$ 4,984.6 Million in 2022, rising to US$ 7,643.3 Million by 2032.
In spray dryers, the material to be dried is atomized into small particles and dried by bringing it in contact with the heating medium and the dried product is obtained in the form of dry granular powder. Spray dryer operation generally consists of three main parts — atomization, contacting with the heating medium and collection of product.
Spray dryers are used where functional and nutritional value of the material and drying of heat sensitive materials is of primary concern, such as in the food and pharmaceutical industry. Spray dryers are used for a variety of industrial products, such as milk powder, cereals, antibiotics, vitamins, paint pigments, catalyst support, ceramics, etc. and thus, there has been significant demand for spray dryers from food & beverage, pharmaceutical and chemicals, among other industries.
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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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Key Segments Profiled In The Spray Dryer Market Survey
By Type:
- Atomizer
- Fluidized
- Centrifugal
By Operation:
- Batch
- Continuous
By Operating Principal:
- Direct Drying
- Indirect Drying
By Flow Range:
- Co-Current
- Pharmaceutical
- Chemical
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Japan
- Middle East and Africa
