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Global Spray Drying Equipment Market To Be Driven By Rapid Technological Advancements In The Forecast Period Of 2023-2028
Spray Drying Equipment Market
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The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
Historical Market Size (2022): USD 6.40 billion
Forecast CAGR (2023-2028): 6.8%
The spray drying equipment market is driven by the food, pharmaceutical, and chemical sectors as they are developing innovative products with extended shelf-life that need dehydration and drying of certain ingredients.
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The demand for spray drying equipment is rising demand as it assists in the manufacturing of fine and granular dried powdered particles for use as flavouring agents in food and beverages, as well as fillings in bread items. Spray drying equipment is one of the most efficient techniques to produce heat-sensitive products such as milk powder, egg powder, and coffee powder.
Spray Drying Equipment Industry Definition and Major Segments
Spray drying is a common and more preferred method in comparison to other drying techniques. It is widely used to dry any liquid or semi-solid feed. Spray drying is used in a various industries including food, pharmaceuticals, resins, ceramics, and the chemical industry.
Based on spray dryer type, the market is divided into:
Rotary Atomizer
Nozzle Atomizer
Fluidized
Closed Loop
Centrifugal
On the basis of drying stage, the market segmented into:
Multistage
Two-stage
Single Stage
On the basis of application, the market can be segmented into:
Food
Pharmaceutical
Chemical
On the basis of cycle type, the market can be segmented into:
Open Cycle
Closed Cycle
On the basis of flow type, the market can be bifurcated into:
Co-current Flow
Counter-current Flow
Mixed Flow
The regional markets include:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Spray Drying Equipment Market Trends
The growing prevalence for functional and ready-to-eat food products, as well as manufacturers'increased focus on releasing food products with longer shelf lives, are driving the expansion of the spray drying equipment sector. Furthermore, manufacturers are inventing and manufacturing application-specific spray drying equipment that can accommodate a variety of feedstock types, including solution, gel, slurry, paste, suspension, etc.
Due to increased demand for the product from the pharmaceutical and nutraceutical industries for the production of antibiotics, penicillin, enzymes, and whey proteins is expected to drive market expansion over the forecast period. High maintenance costs and a shortage of experienced engineers may hinder market growth to some extent.
Key Market Players
The major players in the market are:
SPX FLOW (NYSE: FLOW)
GEA Group Aktiengesellschaft
BÜCHI Labortechnik AG
European SprayDry Technologies
Changzhou Lemar Drying Engineering
Acmefil Engineering System PVT. LTD.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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