Spray Dryer Market Size & Share | Global Industry Report for 2022-2032

Global spray dryer sales are estimated to increase at a CAGR of 4.4% during the forecast period. The market revenue is likely to be valued at US$ 4,984.6 Mn in 2022, and exhibit a revenue growth of US$ 7,643.3 Mn by 2032.

The size of the spray dryer market is likely to increase due to macroeconomic factors like the population growth, changing lifestyles, and rising domestic income. The high cost and infrastructure of this equipment, however, pose significant obstacles and limit the market's growth.

Spray dryers are used in industries like food and pharmaceuticals where drying heat-sensitive materials and maintaining a material's functional and nutritional value are top priorities. Spray dryers are used for a wide range of industrial products, including milk powder, cereals, antibiotics, vitamins, paint pigments, catalyst support, ceramics, etc. As a result, the food and beverage, pharmaceutical, and chemicals industries, among others, have seen a significant increase in demand for spray dryers.

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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 drying equipment 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.

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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.

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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.

Global Spray Dryer Market Segmentation
On the basis of type, the global Spray Dryer market is segmented into:
• Atomizer
o Rotary
o Nozzle
• Fluidized
• Centrifugal

On the basis of mode of operation, the global Spray Dryer market is segmented into:
• Batch
• Continuous

On the basis of Operating Principal, the global Spray Dryer market is segmented into:
• Direct drying
• Indirect Drying

On the basis of Type of flow, the global Spray Dryer market is segmented into:
• Co-Current
• Counter current
• Mixed Flow

Based on Applications, the global Spray Dryer market is segmented into:
• Food & Beverage
• Pharmaceutical
• Chemical
• Others

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This release was published on openPR.