Press release
Global Centrifugal Industrial Dryer Market Worth US$ 264.8 Mn by the end of 2025
The present estimated value of the global centrifugal industrial dryer market is about US$ 195.1 Mn and the market will grow at a CAGR of 3.9% to reach a market valuation of US$ 264.8 Mn by the end of 2025.
Global Centrifugal Industrial Dryer Market: Dynamics
Centrifugal industrial dryers are widely used in applications such as metal finishing, food processing, plastic recycling, pharmaceutical and chemical. The following factors are primarily responsible for growth in revenue of the global market:
Healthy growth in the industrial sector to boost market demand: Centrifugal dryers are utilized in various end-use industries for drying of lightweight and small-sized components and products. Over the past few years, there has been a positive growth in the industry, which is an impact of re-shifting of manufacturing at the global level. This is expected to create hope for market participants for a positive upsurge in the demand for centrifugal dryers.
Request to sample report @ https://www.persistencemarketresearch.com/samples/19348
Growing environmental concerns increasing the need for plastic recycling: Dryers play a vital role in the plastic recycling process as the solid remains can be easily recycled post removal of moisture/oil.
Centrifugal dryer is a preferred choice in the recycling industry due to its capability to provide uniform drying for lightweight plastic solids. The growth of the plastic recycling industry in the world is projected to significantly boost revenue growth of centrifugal dryers.
Robust growth of the automotive component industry generating demand for finished metal components: The favorable macro-economic environment and healthy growth in the domestic and export market for automotive components is expected to create immense growth opportunities for the centrifugal dryer market across some regions of the world such as Asia Pacific.
Global Centrifugal Industrial Dryer Market: Forecast
Market insights suggests that the overall width of the global centrifugal industrial dryer market will expand within the forecast period. Several positive changes are expected to fuel the growth of the market. In the operating principlesegment, the direct type will play a pivotal role in building global market revenue. This segment is expected to be the most attractive market segment.
According to the report, the direct type centrifugal industrial dryer segment will account for a value share of more than 85% in the global centrifugal industrial dryer market. The segment will surge at a CAGR of 3.9% within the forecast period.
In the application segment, the metal finishing segment is the largest consumer of centrifugal industrial dryer and is expected to mint a significant revenue within the forecast period. The segment is projected to gain 250 basis points between 2017 and 2025 and reach a market value share of 60.1% by the end of the forecast period in 2025.
Amongst the major regional markets, Asia Pacific will show promising results during the forecast period. The region is estimated to represent a market share of 36.3% in 2017 and the market will expand at a CAGR of 4.8% within the stipulated time period.
The sales revenue of the North America centrifugal industrial dryer market will pump up to US$ 73.7 Mn by the end of 2025 with a CAGR of 3.3%. The markets in the Middle East & Africa region will remain fertile and vibrant during the forecast period.
Request Report for TOC @ https://www.persistencemarketresearch.com/market-research/centrifugal-industrial-dryer-market/toc
Global Centrifugal Industrial Dryer Market: Competitive Landscape
Some of the key market players who have been profiled in the global centrifugal industrial dryer market report are Colussi Ermes s.r.l., Gala Industries, Inc., ZIRBUS technology GmbH, Gostol TST d.d., Zhejiang Humo Polishing Grinder Manufacture Co., Ltd., Firex s.r.l., Sukup Manufacturing Co., Rösler Oberflächentechnik GmbH and Sino-alloy Machinery Inc.
Report overview @ https://www.persistencemarketresearch.com/market-research/centrifugal-industrial-dryer-market.asp
About Us
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated re-search, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Con-sumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
Contact
Persistence Market Research Pvt. Ltd
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Centrifugal Industrial Dryer Market Worth US$ 264.8 Mn by the end of 2025 here
News-ID: 955291 • Views: …
More Releases from Persistence Market Research Pvt. Ltd
Innovative Rehabilitation Technologies Drive Growth in Stroke Rehabilitation Mar …
Stroke Rehabilitation Market Size
The global stroke rehabilitation market size was valued at US$ 266.4 million in 2021 and is expected to grow at a CAGR of 9% from 2022 to 2032. Revenue generated from the sales of stroke rehabilitation solutions will surge to US$ 679.6 Million by the end of 2032.
The growth of the market is being driven by the increasing incidence of strokes, the growing demand for innovative rehabilitation…
Launch of New Laser-Based Devices by Key Players Fueling Growth of Global Aesthe …
Market Study on Aesthetic Lasers
The aesthetic lasers market reached US$2.8 billion in global revenue in 2021, and it will continue to expand quickly, with a value CAGR of 6.4%, to reach US$5.5 billion by the end of 2032. The growth of the market is being driven by the increasing demand for minimally invasive cosmetic procedures, rising disposable income, technological advancements, and growing medical tourism.
Stay Ahead with Market Intelligence Get Free…
Predictive Insights for Precision Medicine: The Global Biosimulation Market is S …
Biosimulation Market Research
The Global Biosimulation Market Size was valued at USD 2.9 billion in 2022 and is expected to reach USD 10.0 billion by 2030, registering a CAGR of 16.9% during the forecast period. The growth of the biosimulation market is being driven by the increasing use of biosimulation in a variety of applications, such as drug discovery, clinical trials, and toxicity prediction.
Market Overview
The biosimulation market has experienced rapid growth…
Wheelchair and Components Market: Growing Demand for Lightweight and Smart Wheel …
Wheelchair and Components Market
The global wheelchair and components market is projected to reach USD 17.9 billion by 2033, at a CAGR of 3.7% from 2022-2033. The growth of the market is driven by the increasing prevalence of disabilities, the rising geriatric population, and technological advancements in wheelchair design and manufacturing.
Click Here to Get Free Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/12961
The global wheelchair and components market has witnessed significant growth in…
More Releases for Centrifugal
Evolving Market Trends In The Centrifugal Separator Industry: Advancements In Ce …
The Centrifugal Separator Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Centrifugal Separator Market Size During the Forecast Period?
Growth has been substantial in recent years in the centrifugal separator market. It is expected to increase from $1.21 billion in 2024 to…
A Complete Guide to Centrifugal Pump
The Centrifugal Pump market size is projected to reach US$ 41,548.34 million by 2031 from US$ 27,338.55 million in 2023. The market is expected to register a CAGR of 5.4% during 2023-2031. The growing application of centrifugal pumps in wastewater treatment, oil and gas, mining, and modern farming sectors is likely to remain a key trend in the market. The growing population and rising urbanization are increasing the volume of…
The difference between single stage centrifugal pump and multistage centrifugal …
Centrifugal pumps are crucial in a variety of industrial and commercial applications, and selecting the right type can significantly impact performance and efficiency. Among the most common types are single stage centrifugal pump and multistage centrifugal pump. While both are designed to transfer fluids, they differ significantly in their construction and performance characteristics.
Image: https://www.puritypumps.com/uploads/PST-11.png
1. Maximum Head Capacity
One of the primary distinctions between single stage centrifugal pump and multistage centrifugal pumps…
Duct Ventilators - Centrifugal Blowers
In automobiles, a mechanical fan provides engine cooling and prevents the engine from overheating by blowing or sucking air through a coolant-filled radiator. It can be driven with a belt and pulley off the engine's crankshaft or an electric fan switched on/off by a thermostatic switch.
Canada Blower Axial flow fans have blades that force air to move along the shaft about which the blades rotate. Axial fans blow air across…
HVAC Centrifugal Compressors Market
The newly released research at Market Study Report titled “2017-2024 Global HVAC Centrifugal Compressors Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.
HVAC Centrifugal Compressors Market is estimated to exceed USD 1 billion by 2024; according to a new research report.
Chillers application is expected to value over USD 700 million by 2024. Hotels, shopping malls, commercial offices and hospitals are…
Centrifugal Pump Market Analysis: Global Centrifugal Pump Market Research Report …
This report studies the Centrifugal Pump market status and outlook of global and major regions, from angles of players, regions, product types and end industries; this report analyzes the top players in global and major regions, and splits the Centrifugal Pump market by product type and applications/end industries.
The global Centrifugal Pump market is valued at XX million USD in 2016 and is expected to reach XX million USD by the…
