Hopper Dryer Market Scope, Product Estimates & Strategy Framework, Forecasts 2025

The growth of the global hopper dryers market is driven by surge in demand for plastic processing machinery such as injection molding machine across of the world. In addition, the market for injection molding machine is mainly compelled by the escalating demand for injection-molded parts from various end-use industries such as the automotive, packaging, consumer goods, and others. Since, hopper dryers are installed on injection molding machine, it is estimated to positively influence the growth of the hopper dryers industry. The various features of hopper dryer such as low maintenance, robustness, and ease of operation drive the growth of the hopper dryers market across the world. On the other hand, emergence of new technologies and advancements in design create new opportunities for the market.

Global hopper dryers market size was $421.3 million in 2017, and is expected to reach $576.2 million in 2025, growing at a CAGR of 3.9%. The injection molding machine segment accounted for more than half of the hopper dryers market share in 2017, and is expected to witness significant growth during the forecast period.

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By using hopper dryers to dry plastics and other polymers, moisture from these materials can be eradicated straight at the throat of the machine. The moisture in the plastic resins whether hygroscopic or non-hygroscopic disturbs the quality and surface finish of the molded parts and products. Hence, hopper dryers serves as an energy efficient and ideal solution for drying plastic materials.

Hopper dryers requires less amount of time to dry thermoplastics and other plastic materials as compared to conventional dryer. For instance, DH series drying hoppers offered by Conair saves time, energy, and money by delivering consistent and efficient drying. In addition, hopper dryers is used for drying straight at the throat of machine thereby eradicating the risk of contamination and re-absorption of moisture during the time of transporting from a central drying position to the machine hopper. Nearly every polymer other than polyolefin, displays some sort of polarity and hence, can absorb a definite quantity of moisture from the surrounding. Hence, such kinds of polymers require proper drying before molding them to get end component of great surface finish and quality, thereby driving the growth of the hopper dryer market.

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Based on the application, the injection molding machine segment is expected to account for the largest share in the global market during the forecast period as hopper dryer installed on injection molding machine are capable to produce large quantity of molded parts and products. Based on the product type segment, more than 500 KG segment is expected to hold maximum share, growing at a significant CAGR during the forecast period. This is attributed to large scale industries such as automotive and others opting for bigger plastic processing machinery to dry plastics using hopper dryers of capacity greater than 500 KG.

Asia-Pacific to maintain its lead position by 2025

Significant proliferation of small and mid-level manufacturers in emerging economies such as China and India have enabled the Asia-Pacific region to contribute nearly half of the global market revenue in 2017. This region is expected to maintain its lead throughout the forecast period. However, LAMEA region would grow at the highest CAGR of 5.2% from 2018 to 2025, owing to the growing preference for hopper dryers over conventional drying methods to develop high quality finished plastic products.

Key Findings of the Hopper dryer Market:
o Based on product type, the less than 100 KG segment is projected to grow at a highest CAGR during the hopper dryer market forecast period.
o LAMEA is anticipated to grow at a highest CAGR during the forecast period.
o In application segment, the injection molding machine generated the highest revenue in 2017, and is estimated to grow at a substantial rate.
o In Asia-Pacific, China accounted for the largest market share in 2017.

The key players profiled in Hopper dryer Market report include ACS Group, Bry-Air, Conair, Dri-Air Industries Inc., Kenplas Industry Ltd., Motan Colortronic, Novatec, Inc., Shini Plastics Technologies Inc., Summit Systems, and Yann Bang.

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