PUNE, India, July 12, 2018 /PRNewswire/ --
The report "Spray Drying Equipment Market by Type (Rotary Atomizer, Nozzle, Fluidized, Closed Loop, Centrifugal), Application (Food, Pharma, Chemical, Feed), Flow Type, Cycle Type, Drying Stage, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the market is estimated to be valued at USD 4.38 billion in 2018, and is projected to reach USD 6.12 billion by 2023, at a CAGR of 6.9% from 2018.
Browse 70 market data Tables and 39 Figures spread through 145 Pages and in-depth TOC on "Spray Drying Equipment Market - Global Forecast to 2023"
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The market is driven by factors such as increasing demand for ready-to-eat and functional food products, reduction in thermal damage caused to the product, increase in shelf-life leading to improved logistics, technological innovations, and emerging applications in biotechnology and bioceramics industries.
Nozzle atomizer segment to lead the Spray Drying Equipment Market from 2018 to 2023
In nozzle atomizer spray dryers, the conversion of feed into fine droplets achieved by pumping the feed under high pressure through an orifice is known as nozzle atomization; this is largely used to produce coarse droplets resulting in large granular particles of dried products. The demand for this type of spray dryer is projected to be largely driven by its increasing usage in food and dairy industries.
Closed cycle segment projected to grow at the highest CAGR, by cycle type, from 2018 to 2023
The closed cycle segment, by cycle type, is projected to grow at a significantly higher rate during the forecast period. The closed cycle spray dryer process involves recycling of the drying gas, which is used to heat in the drying chamber. This type of spray drying process is preferred when there are environmental issues; the efficiency is also higher in the closed cycle spray drying process. Therefore, this segment is projected to grow at a higher CAGR during the forecast period.
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Mixed flow segment projected to grow at the highest CAGR, by flow type, from 2018 to 2023
The mixed flow segment, by flow type, is projected to grow at a significantly higher rate during the forecast period. Mixed flow spray dryers are a combination of both, co-current and counter-current flow spray dryers. This type of arrangement usually requires higher temperature and is used for drying specifically coarse free-flowing powders.
Multistage segment projected to grow at the highest CAGR, by drying stage, from 2018 to 2023
The multistage segment, by drying stage, is projected to grow at the highest rate during the forecast period. Significantly increasing usage of this drying stage for R&D purposes as well as its growing demand for food encapsulation is projected to drive this segment in the coming years.
Asia Pacific is projected to be the fastest-growing region during the forecast period
The Asia Pacific region is projected to grow at the highest CAGR during the forecast period. The market in this region is mainly driven by the increasing demand for nutritional products among consumers. Increase in the demand for spray dryers for food encapsulation has been witnessed in the Asia Pacific region. The rising demand for spray drying equipment for dairy products, infant formula, and baby food is expected to drive the Asia Pacific spray during equipment market during the review period.
China was the largest country-wise market for spray drying equipment in the Asia Pacific region. It is one of the major hubs of spray dryer manufacturers and caters to the country's top processing companies as well as to the export market. China is also one of the major markets for food and drug encapsulation in the world; the market here is projected to grow considerably in the next few years.
The report Spray Drying Equipment Market includes a study of business strategies, along with the product portfolios of leading companies such as GEA (Germany), SPX FLOW (US), Dedert Corporation (US), Buchi Labortechnik (Switzerland), European Spraydry Technologies (UK), Changzhou Lemar Drying Engineering Co. Ltd. (China), Shandong Tianli Drying Technology and Equipment (China), Acmefil (India), New AVM Systech (India), C. E. Rogers (US), Advanced Drying System (India), and Labplant (UK).
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