Press release
Centrifugal Industrial Dryer Market to Witness Increasing Revenue Growth During the Forecast Period
Centrifugal dryer is a preferred choice in the metal finishing and recycling industry due to its capability to provide uniform drying for lightweight plastic solid. The growth of the global plastic recycling industry is projected to significantly boost market revenue growth. Centrifugal industrial dryer is expected to witness high demand from metal finishing/electroplating applications. The global demand for centrifugal industrial dryer was approximately 7,712 units in 2016. Sales revenue of centrifugal industrial dryer is expected to register a CAGR of 3.9% over the forecast period (2017–2025).Request For Report Sample@ https://www.persistencemarketresearch.com/samples/19348
Factors influencing the global centrifugal industrial dryer market growth
The global centrifugal industrial dryer market is expected to gain traction owing to healthy growth in the domestic and export market for automotive components in the coming years. Centrifugal dryers are best suited for lightweight and small-sized parts in various end-use industries, such as metal finishing/electroplating, food & beverages, pharmaceutical and chemical, among others. Additionally, manufacturers in the market provide tailor-made products as per end-user requirements. Such benefits act as a major factor supplementing the adoption of centrifugal industrial dryers. However, the market for centrifugal industrial dryers is largely dominated by products such as fluidized bed dryers, spray dryers and flash dryers, among others. The fluidized and spray dryers collectively hold nearly half of the total industrial dryer market sales, whereas centrifugal dryer has always been a niche product category that has limited application and its use is limited to small-sized and lightweight products. The product struggles for focus by manufacturers as it has limited demand and low profit margins as compared to the other industrial dryer products. This can restrict market revenue growth in the coming years.
centrifugal industrial dryer market
Demand from specific end-use industries such as metal finishing and food processing are likely to create new opportunities in the global centrifugal industrial dryer market
Request For Report Table of Content (TOC)@ https://www.persistencemarketresearch.com/methodology/19348
Of the different applications utilizing centrifugal industrial dryers, demand from the metal finishing application is anticipated to dominate the global market in the coming years. The metal finishing segment by application is projected to lead the global centrifugal industrial dryer market in terms of revenue share, estimated to hold a value share in excess of 55% throughout the forecast period. Plastic recycling is the second largest segment in the global centrifugal industrial dryer market in terms of value, estimated to hold a revenue share of around 16% throughout the forecast period. The metal finishing segment was valued at US$ 108.3 Mn in 2016 and is estimated to reach US$ 112.4 Mn by 2017 end. This segment is expected to create an incremental $ opportunity of US$ 46.7 Mn during the forecast period and is anticipated to reach a market valuation of US$ 159.1 Mn by the end of the forecast period in 2025. The plastic recycling segment was valued at US$ 31.0 Mn in 2016 and is estimated to reach US$ 32.0 Mn by 2017 end. This segment is expected to create an incremental $ opportunity of US$ 9.3 Mn during the forecast period. The segment is expected to reach a market valuation of US$ 41.3 Mn by the end of the forecast period in 2025. The plastic recycling segment is expected to grow by about 1.3X over the forecast period. Other applications of centrifugal industrial dryer include applications such as oil & gas, agricultural and other industrial manufacturing. The others segment is expected to hold a relatively low market share in the global centrifugal industrial dryer market over the forecast period.
ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
CONTACT:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Centrifugal Industrial Dryer Market to Witness Increasing Revenue Growth During the Forecast Period here
News-ID: 1592676 • Views: …
More Releases from Persistence Market Research
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for Centrifugal
Evolving Market Trends In The Centrifugal Separator Industry: Advancements In Ce …
The Centrifugal Separator Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Centrifugal Separator Market Size During the Forecast Period?
Growth has been substantial in recent years in the centrifugal separator market. It is expected to increase from $1.21 billion in 2024 to…
A Complete Guide to Centrifugal Pump
The Centrifugal Pump market size is projected to reach US$ 41,548.34 million by 2031 from US$ 27,338.55 million in 2023. The market is expected to register a CAGR of 5.4% during 2023-2031. The growing application of centrifugal pumps in wastewater treatment, oil and gas, mining, and modern farming sectors is likely to remain a key trend in the market. The growing population and rising urbanization are increasing the volume of…
The difference between single stage centrifugal pump and multistage centrifugal …
Centrifugal pumps are crucial in a variety of industrial and commercial applications, and selecting the right type can significantly impact performance and efficiency. Among the most common types are single stage centrifugal pump and multistage centrifugal pump. While both are designed to transfer fluids, they differ significantly in their construction and performance characteristics.
Image: https://www.puritypumps.com/uploads/PST-11.png
1. Maximum Head Capacity
One of the primary distinctions between single stage centrifugal pump and multistage centrifugal pumps…
Duct Ventilators - Centrifugal Blowers
In automobiles, a mechanical fan provides engine cooling and prevents the engine from overheating by blowing or sucking air through a coolant-filled radiator. It can be driven with a belt and pulley off the engine's crankshaft or an electric fan switched on/off by a thermostatic switch.
Canada Blower Axial flow fans have blades that force air to move along the shaft about which the blades rotate. Axial fans blow air across…
HVAC Centrifugal Compressors Market
The newly released research at Market Study Report titled “2017-2024 Global HVAC Centrifugal Compressors Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.
HVAC Centrifugal Compressors Market is estimated to exceed USD 1 billion by 2024; according to a new research report.
Chillers application is expected to value over USD 700 million by 2024. Hotels, shopping malls, commercial offices and hospitals are…
Centrifugal Pump Market Analysis: Global Centrifugal Pump Market Research Report …
This report studies the Centrifugal Pump market status and outlook of global and major regions, from angles of players, regions, product types and end industries; this report analyzes the top players in global and major regions, and splits the Centrifugal Pump market by product type and applications/end industries.
The global Centrifugal Pump market is valued at XX million USD in 2016 and is expected to reach XX million USD by the…
