Press release
| GEA Group AG, SPX Flow Inc., Shandong Tianli Drying Technology & Equipment Co. Ltd., Buchi Labortechnik AG
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2756The Business Research Company offers in-depth market insights through Spray Drying Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The spray drying equipment market size has grown strongly in recent years. It will grow from $5.85 billion in 2023 to $6.35 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to rapid rate of urbanization, growing demand for processed food products, growing pharmaceutical, food, and chemical industries, chemical industry applications, altering lifestyle and rising domestic income.
The spray drying equipment market size is expected to see strong growth in the next few years. It will grow to $8.88 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to environmental regulations, increase research and development, emerging markets, specialty chemicals and advanced materials, growing population. Major trends in the forecast period include industry 4.0 integration, hybrid drying technologies, customized and modular solutions, biotechnology advancements, energy efficiency.
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Market Segmentation:
The main types of spray drying equipment are rotary atomisers, nozzle atomisers, fluidised, centrifugal, and others. Rotary atomisers spray dryer uses a high-speed rotating wheel, disk, or cup to eject liquid at high speed to the boundary, creating a hollow cone spray. Nozzle atomisers are used to produce a fine spray from a liquid by using a high pressure which forces fluid through a small nozzle. A fluidised spray dryer uses a technology that involves spraying shell material into solution or hot melt form onto solid particles that are suspended in a stream of heated gases. A centrifugal spray dryer uses a rotating disc or wheel to break the liquid stream into droplets which transform liquid material into powdery or granulated solid material. The various types of flow in a spray dryer include co-current, counter-current, and mixed. Spray drying equipment is used in different sectors, including food, chemical, pharmaceutical, and others.
Major Driver - Rising Demand For Processed And Rte Foods Drives Growth In Spray Drying Equipment Market
An increase in the consumption of processed and ready-to-eat (RTE) foods is expected to propel the growth of the spray drying equipment market during the forecast period. Spray drying technologies are becoming increasingly common with packaged food producers. For instance, according to Press Information Bureau, an India-based government agency, in comparison to 2020-21 (April-October), India's exports of ready-to-eat foods increase by 24% to $ 394 million in 2021-22 (April-October). Thus, with spray drying being used by manufacturers of ready-to-eat (RTE) foods, the increase in their consumption is expected to boost the growth of the spray drying equipment market.
Competitive Landscape:
Major companies operating in the spray drying equipment market include GEA Group AG, SPX Flow Inc., Shandong Tianli Drying Technology & Equipment Co. Ltd., Buchi Labortechnik AG, European SprayDry Technologies LLP, Dedert Corporation, Acmefil Engineering Systems Pvt. Ltd., Yamato Scientific America Inc., Swenson Technology Inc., Tetra Pak International S.A., Saka Engineering Systems Private Ltd., Shandong Shungeng Drying Equipment Co. Ltd., G. Larsson Starch Technology AB, Hemraj Enterprises, New AVM Systech Pvt. Ltd., C. E. Rogers Company, Changzhou Lemar Drying Engineering Co. Ltd., Dürr Systems Inc., SiccaDania Group, Advanced Drying Systems, Labplant, AVM Systech, Pilotech, Changzhou Ruide Drying Engineering Technology Co. Ltd.
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Top Trend - Innovative Mini Spray Dryer Revolutionizes The Spray Drying Equipment Market
Major companies operating in the spray drying equipment market are developing innovative products such as Mini Spray Dryer to meet the growing demand for spray drying A mini spray dryer is a compact and versatile laboratory instrument used to convert liquid samples into dry powder form through the process of spray drying. For instance, in June 2022 BÜCHI Labortechnik, a Switzerland-based machinery manufacturer announced the launch of the Mini Spray Dryer S-300, which is a new generation of spray drying systems. The apparatus is designed for automatic control of various parameters, including spray gas, drying gas, and pump speed. Additionally, it keeps a vigilant watch on both the temperature of the product being produced and the temperature at the outlet, all in the interest of safeguarding heat-sensitive samples.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Spray Drying Equipment Market Characteristics
3. Spray Drying Equipment Market Trends And Strategies
4. Spray Drying Equipment Market - Macro Economic Scenario
5. Spray Drying Equipment Market Size And Growth
…..
27. Spray Drying Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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