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Hopper dryers market Insight Growth Analysis on Volume, Revenue and Forecast to 2018-2025

03-17-2020 07:13 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Allied Market Research published a report, titled, Hopper Dryers Market by Product type (Less Than 100 KG, 100 KG to 500 KG, and More Than 500 KG) and Application (Injection Molding Machine, Extrusion Machine, and Blow Molding Machine): Global Opportunity Analysis and Industry Forecast, 2018-2025. The report provides extensive analyses of the market dynamics, top investment pockets, key market segments, strategic developments, and competitive landscape. According to the report, the global hopper dryers market generated $421.3 million in 2017, and is expected to reach $576.2 million by 2025, growing at a CAGR of 3.9% from 2018 to 2025.

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High demand for hopper dryers in plastic processing machinery and associated advantages such as energy saving, robustness, rapid drying, easy operation, and low maintenance drive the growth of the market. However, high initial cost and environmental concerns regarding usage of plastic hinder the growth of the industry. On the other hand, emergence of new technologies and advancements in design create new opportunities for the market.

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 dryer serves as an energy efficient and ideal solution for drying plastic materials. 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 dryer industry.

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Hopper dryer requires less amount of time to dry thermoplastics and other plastic materials as compared to conventional dryers. For instance, DH series drying hoppers offered by Conair saves time, energy, and money by delivering consistent and efficient drying. In addition, hopper dryer 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.

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 dryers 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.
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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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