Press release
Paper Drying Systems Market Explores New Growth Opportunities By 2025
Paper Drying Systems Market: Drivers and RestraintsGrowing paper and pulp manufacturing industry which has surged in demand for smoother and glossy paper material and development of innovative infrared dryers’ technology for quick coating immobilization are the primary factor driving the growth of global paper drying systems market. Moreover, expanding consumerism, rising literacy rate, and growing environmental concern are some of the prominent factors increasing the demand for papers, which is further fuelling the demand for paper drying systems to improve the paper quality.
However, increasing quality standards, government policies, regulations, and the high cost of dryer systems may limit the growth of the paper drying systems market during the forecast the period.
Paper Drying Systems Market: Overview
Paper drying systems market revenue is expected to grow at a rapid growth rate, over the forecast period. The market is anticipated to perform well soon owing to the use of electromagnetic radiating energy in infrared drying technique, and expanding the use of papers as packaging material. Additionally, rising demand for energy saving technologies, and enhance productivity are the factors that can propel the market revenue growth of Paper Drying Systems in the near future. Based on drying method, multi-cylinder dryers segment is projected to lead the global paper drying systems market over the forecast period attributed to the fact that minimize heat loss from the outer surface, reduce resistance to vapor from the web.
Paper Drying Systems Market: Region-wise Outlook
Depending on the geographic region, Paper Drying Systems market is classified into seven key regions: North America, Eastern Europe, Latin America, Western Europe, Japan, Asia-Pacific, and the Middle East & Africa. Asia-Pacific is expected to be the leading markets in the global paper drying systems market followed by Europe, and Japan is owing to high awareness among manufacturers, advanced paper making process technology, and high demand for custom designed and engineered systems such as pocket ventilation systems to optimize the drying process.
The market in Asia-Pacific is projected to have the fastest growth due to expanding paper and pulp industry, increasing paper usage as wrapping and packaging material, and growing demand for environmentally friendly products are the factors which are expected to witness a rise in revenue share of Paper Drying Systems during the forecast period.
Paper Drying Systems Market: Key Players
Some of the prominent players in the paper drying systems market are Forbes Marshall Ltd., Kadant Inc., Voith GmbH, R-V Industries, Inc., Ircon Drying Systems AB, ABK Groupe, A.Celli Paper S.p.A., Alfa Laval AB, Allimand,S.A., Andritz AG, Basque Paper Consortium, A.I.E., BHS Corrugated Company, Marsden, Inc., and others.
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