SAN FRANCISCO, April 3, 2019 /PRNewswire/ -- The global spray drying equipment market size is estimated to reach USD 7.19 billion by 2025 expanding at a CAGR of 6.8%, according to a new study by Grand View Research, Inc. Spray drying method transforms a liquid, slurry, or semi-solid feed into a dried powder form using hot gas. It is the most preferred method to dry food materials, pharmaceutical products, and other temperature-sensitive items, such as dairy products. Thus, demand from the dairy processing industry for producing milk powder and stabilizing the milk constituents and from the pharmaceutical industry for producing antibiotics is anticipated to drive the market.
Key suggestions from the report:
The demand for three-stage spray drying equipment is expected to increase over the forecast period owing to its benefits, such as high thermal efficiency, low energy consumption ratio, and ability to process bulk production
North America accounted for the largest market share in 2018 owing to high annual milk production in U.S. as a result of demand for powdered milk, infant products, and other nutraceutical products
Wide product usage in the pharmaceutical industry is also anticipated to drive the North America spray drying equipment market over the forecast period
Changing food preferences and growing number of food processing plants in emerging economies, such as India and China, are expected to propel the APAC market
Chemical is expected to be the fastest-growing application segment over the forecast period due to wide use of spray drying equipment in the production of polymers & resins, hard metals, dyestuff & pigments, and agrochemicals
Key companies, such as GEA Group Aktiengesellschaft, Dedert Corporation, Tetra Pak International S.A., are strategically expanding their geographical footprint to increase the overall profitability
The demand for nutrition products including whey protein, mass gainer, egg white protein, casein protein has increased due to rising awareness about leading a healthy lifestyle. This, in turn, has also augmented the demand for dryers from the nutraceutical industry. Moreover, growing need to increase the shelf-life of processed food and pharma products will open new growth opportunities in the food processing and pharmaceutical industries. Increasing demand for resins and polymers in line with the growing usage of synthetics has triggered the demand for drying Suspension Polyvinyl Chloride (S-PVC), Emulsion (E)-PVC, and other chemicals required for producing building pipes, cable insulations, and hard and soft foils.
In addition, rising usage of spray dryers for industrial purposes is expected to drive the market growth from 2019 to 2025. Additionally, increasing need for application-specific dryers is also creating opportunities for the product manufacturers. For instance, the risk of explosion and emission of hazardous gases while drying chemical and pharmaceutical products has led to the development of closed loop dryers. Similarly, the need to process and produce powder particles in bulk quantities is leading to significant adoption of three-stage equipment. However, high installation and maintenance costs and the inability of spray dryers to process highly-viscous materials, such as starch and fruit pulp, may hinder the market growth.
Grand View Research has segmented the global spray drying equipment market on the basis of product, stage, cycle, flow, application, and region:
Welding Machinery Market – Escalating demand across various application segments such as shipbuilding, automotive, offshore exploration, aerospace, oil & gas, energy, and construction is anticipated to be the key force that drives the global welding machinery market growth.
Water Heaters Market – Rising disposable income and recuperating residential housing industry are expected to be the key factors driving the global water heaters market growth over the forecast period.
Magnetic Flowmeter Market – Rising demand for measuring mass, volume, linear & non linear flow rate in the oil & gas sector is expected to be a key driver for the global magnetic flowmeter market growth.
Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.