Industrial Dryers Market Overview
Major trend identified in the global industrial dryers market, which will gain traction during the forecast period, is superheated steam drying. Superheated steam refers to the steam at temperatures higher than its boiling point at the absolute pressure where the temperature is measured. The steam can cool down, by losing its internal energy by some amount, resulting in lowering of its temperature to some extent without changing from the gaseous state and becomes a mixture of saturated vapor and liquid. Growing food and beverages and pharmaceuticals industries in developing countries will aid new opportunities to the market.
Industrial dryers are most commonly used setups in many types of industrial processing applications. Key exertion of these dryers is to eliminate or remove moisture, water, and other solvents from the material under processing. A dryer consists of numerous components, including electric motor, fan, tube coil, and stainless-steel body. The primary function of these dryers is to attract moisture from each particle to the surface, using the complete heat transfer mechanisms, which include conduction, convection, and radiation.
Based on product, the industrial dryers market can be classified into direct, indirect, and specialty dryers. The direct dryers category is expected to account for the largest revenue share the market, during the forecast period. Direct dryers use direct contact between material and drying air to dry the material, with the potential of using internal lifting flights to maximize the heat transfer.
On the basis of type, the industrial dryers market is categorized into rotary, fluidized bed, and spray dryers. Among these, the fluidized bed dryers are projected to be the fastest-growing category in the market during the forecast period. Rising demand for fluidized bed dryers is attributed to the growing number of applications of these dryers in different application industries such as pharmaceuticals and food and beverages. Further, energy efficient, homogenous drying, and cost-effective nature are the major factors driving the growth of flexible bed dryers market.
Based on application, the industrial dryers market can be categorized into food and beverages, pharmaceuticals, chemicals, fertilizer, and cement. The pharmaceuticals category is projected to be the fastest-growing application area in the market during the forecast period. The market growth can be attributed to the increased demand for these dryers in pharmaceuticals industry. The pharmaceuticals industry uses dryers to remove liquids or moisture from bulk solids, powders, or other liquids by evaporation or sublimation. Further, improving medical and healthcare sector due to disease prevalence, drug affordability, consumer attitudes, and government policies is also expected to drive the market growth during the forecast period.
Geographically, the industrial dryers market is categorized into North America, Europe, Latin America, Asia-Pacific (APAC), and the Middle East and Africa (MEA). Among these, the APAC market is expected to witness the fastest growth during the forecast period. The major factors driving the regional market growth include diversified applications of dryers across various industries, including chemicals, food and beverages, fertilizer, cement, paper and pulp, minerals, and pharmaceuticals.
The increasing disposable income and rise in living standards have changed the food habits of individuals, which has propelled the growth of the food and beverages market, which is further expected to boost growth opportunities for manufacturers of these dryers in the region. China, India, and Japan are the leading contributors to the APAC industrial dryers market.
Industrial Dryers Market Dynamics
Growing commercial applications such as food and beverages and pharmaceuticals, and rising investment for infrastructure development in developing economies are the major factors driving the market. Further, the market growth is expected to be propelled by growing need to maintain high production quality in pharmaceuticals and chemical industries. Rising demand for these dryers from food and beverages and chemicals industries is also expected to impel the growth of the industrial dryers market.
The uncertain market and economic conditions, and stringent environmental and safety regulations are the major restraining factors for the growth of the industrial dryers market. Industrial dryers can produce harmful and unwanted gases and particulates that are classified as hazardous air pollutants. Furthermore, ignorance of new technological developments by the industries in major developing countries would also affect the market in longer term.
Industrial Dryers Market Competitive Landscape
Some of the major players operating in the global industrial dryers market are ThyssenKrupp AG, Andritz AG, GEA Group Aktiengesellschaft, Metso Corporation, FLSmidth & Co. A/S, Buhler Holding AG, ANIVI Ingeniería SA, Carrier Vibrating Equipment Inc., Comessa, Glatt GmbH, CAD Works Engineering Ltd., and FEECO International Inc.
The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Russia, Japan, China, India, South Korea, Brazil, and Mexico.