The global spray drying equipment market size is estimated to reach USD 7.19 billion by 2025 registering a CAGR of 6.8%, according to a new study by Radiant Insights, Inc. Spray drying envisages transforming a liquid, slurry, or semi-solid feed into a dried powder form using hot gas. It is a widely preferred method to dry food materials, pharmaceutical products, and other temperature-sensitive items, such as dairy products. Moreover, rising need to increase the shelf-life of processed food and pharmaceutical products is opening new growth opportunities in the food processing and pharmaceutical industries. 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.
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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 and to prevent disorders, such as obesity, diabetes, and high BP. This, in turn, has also augmented the demand for dryers from the nutraceutical industry. 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 Polyvinyl Chloride (E-PVC), and other chemicals required for producing building pipes, cable insulations, and hard and soft foils, among others. Demand for spray dryers for industrial purposes is further expected to drive the market from 2019 to 2025.
Growing need for application-specific dryers is also offering new growth opportunities for companies to develop innovative equipment. 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 a 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 over the forecast period.
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Further key findings from the study suggest:
• Demand for three-stage spray drying equipment is expected to increase from 2019 to 2025 due 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 of more than 30% in 2018 owing to high annual milk production in U.S. as a result of rising demand for powdered milk, infant products, and other nutraceutical products
• Extensive product usage in the pharmaceutical industry for R&D purposes in laboratories is also anticipated to drive the North American regional market over the forecast period
• Changing consumer food preferences and increasing number of installations of food processing plants in emerging economies, such as India and China, are expected to drive the APAC market
• The chemical application segment is expected to witness the highest CAGR over the forecast period owing to higher product adoption in the manufacturing of polymers and resins, hard metals, dyestuff and pigments, and agrochemicals
• Key companies in the spray drying equipment market are GEA Group AG, Dedert Corporation, and Tetra Pak International S.A. These companies are strategically expanding their geographical footprint to increase their market share and overall profitability
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About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
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FactMR, a leading authority on market research brings original, in-depth, and insightful reports to investors.
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FactMR’s new report will highlight various growth forecasts, key trends, and notable segments ripe for upcoming investments.
The business report highlights the drivers, restraints, opportunities and trends affecting spray drying equipment market growth.
Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.FactMR promises to ready new investors in the world of digital age with information from key stakeholders in the industry, objective forecasts, and independent analysis of a wide range of viewpoints.
The company leverages information from key stakeholders of information including World Bank, the UNO, WHO, among others to tackle challenges of investing head-on.For the spray drying equipment market, FactMR has considered 2018 as the base year for projections, while 2019-2029 period as the forecast period.
