Spray Drying Equipment Market 2024-2033: Trends, Analysis & 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.

Market Overview -
Spray drying is a way of quickly drying a liquid or slurry into a dry powder with a hot flame. Spray drying equipment is widely used in foods, pharmaceuticals, plastic resins, ceramics, and the chemical industry.

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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.

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.

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Key Segments -
The spray drying equipment market covered in this report is segmented -
1) By Product Type: Rotary Atomizers, Nozzle Atomizers, Fluidized, Centrifugal, Other Product Types
2) By Flow Type: Co-current, Counter Current, Mixed
3) By Application: Food, Chemical, Pharmaceutical, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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