Global Spray Drying Equipment Market Overview And Prospects
Learn about the global spray drying equipment market through The Business Research Company, which provides information on spray drying equipment market size, spray drying equipment market drivers and restraints, spray drying equipment market players, the COVID-19 impact on the spray drying equipment market, and more.
The global spray drying equipment market is expected to grow from $4.35 billion in 2020 to $4.81 billion in 2021 at a compound annual growth rate (CAGR) of 10.58%. The growth in mainly due to increase in ready-to-eat food products, high consumption of processed food and increasing technological advancements in the market. The spray drying equipment market is expected to reach $6.44 billion in 2025 at a CAGR of 7.58%.
An increase in the consumption of processed and ready-to-eat (RTE) foods is expected to drive innovation in spray drying equipment manufacturing, thus driving the market during the forecast period.
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The spray drying equipment market consists of sales of spray dryers and related equipment by entities (organizations, sole traders, and partnerships) that are engaged in the production of different types of spray dryers for different industries. 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.
Global spray drying equipment market segments include:
By Product Type: Rotary Atomizers, Nozzle Atomizers, Fluidized, Centrifugal, Others
By Flow Type: Co-current, Counter Current, Mixed
By Application: Food, Chemical, Pharmaceutical, Other Applications
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the spray drying equipment market in 2020.
Increasing collaborations between companies is a key trend gaining popularity in the spray drying equipment market. Major companies are collaborating for advancing product performance, increasing production capabilities, expanding market share and developing new products.
TBRC’s spray drying equipment market report covers:
Major Market Players: GEA Group, SPX Flow, Shandong Tianli Drying Technology & Equipment, Buchi Labortechnik AG, European SprayDry Technologies, 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, Changzhou Lemar Drying Engineering Co. Ltd., Dürr Systems Inc, and SiccaDania.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Spray Drying Equipment Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides spray drying equipment market overviews, analyzes and forecasts market size, share, spray drying equipment market players, spray drying equipment market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s spray drying equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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