Spray Drying Equipment Market to be Worth US$ 6,399.7 Million by 2030
Reports and Insights has published a new report titled, “Spray Drying Equipment Market: Opportunity Analysis and Future Assessment 2022-2030” By Type (Rotary Atomizer Spray Dryer, Nozzle Atomizer Spray Dryer, Fluidized Spray Dryer, Closed Loop Spray Dryer, Centrifugal Spray Dryer, Others), By Application (Food, Pharmaceutical, Chemical, and Others), By Cycle Type (Open Cycle and Closed Cycle), By Operating Principle (Direct Drying, and Indirect Drying), By Drying Stage (Multistage, Two Stage, and Single Stage), By Flow Type (Co-Current Flow Spray Dryers, Counter-Current Flow Spray Dryers, and Mixed Flow Spray Dryers), By Capacity (Small (upto 2 Tons/Hr.), Medium (2 - 50 Tons/Hr.), & Large (More than 50 Tons/Hr.)), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, & Africa)
A recently published Reports & Insights report anticipates the global market for Spray Drying Equipment to flourish at a CAGR of 5.4% to reach US$ 6,399.7 Mn. Substantial demand for the production of ready to eat food items including fruit and vegetable juices, milk powder, dry eggs and others are anticipated to bolster the growth of the market in the coming years.
A spray dryer separates the solute or suspension as a solid and the solvent as a vapour from a liquid stream. Generally, the material is gathered in a drum or cyclone. The liquid input stream is sprayed into a hot vapour stream and evaporated using a nozzle and as the liquid in the droplets evaporates, solid products form.
The spray dryers are used in the product of powdered food items, pharmaceutical products all these includes dries eggs, milk powder, instant coffee and tea, powdered juices, active pharmaceutical ingredients, pharmaceutical excipients, fine chemicals, polymers, cosmetics and detergents and others.
Growing demand for processing in Chemical and Pharmaceutical Industry
Pharmaceutical and chemical industries are witnessing tremendous growth all over the globe. Increase in demand for fine chemicals, detergents, polymer and cosmetics has been observed in past few years. Further demand for active pharmaceutical ingredients along with excipients have witness a lucrative growth. These chemicals and pharmaceutical products are being manufactured with spray drying equipment in the manufacturing industries. Growing demand is boosting the market of spray dryers.
Due to increased product use in the chemical industry for spray drying polymers, resins, and other intermediate chemical products, the chemical segment is expected to have the a significant CAGR over the forecast period. The growing need to ensure compliance with environmental and safety laws for the processing of products such as flammable organic solvents, catalysts, and other chemical compounds is likely to drive sector expansion.
Growing manufacturing industries and increasing production of the chemicals and medicine and drugs are anticipated to propel the growth of the market in the coming years.
Key Takeaways from the Market Study
Global spray drying equipment market to be valued at US$ 4.2 Billion by end of year 2022
The nozzle atomizer spray dryer product type segment likely to expand at a CAGR of 5.8% until 2030
In 2022, the food application segment accounted for the largest market share and expected to grow at 5.5% CAGR during the forecast period.
Asia Pacific region is expected to remain the prominent region in the global market and is estimated to remain the fastest growing region
Spray drying equipment market is expected to increase 1.52X times during the forecast period of 2022 to 2030
Some of the key participating players in global spray drying equipment market are AVM Systech Pvt.Ltd., ACMEFIL ENGINEERING SYSTEMS PVT. LTD., Changzhou Lemar Drying Engineering Co. Ltd., Labplant, GEA Group Aktiengesellschaft, SPX FLOW, Inc., Dedert Corporation, Buchi Labortechnik AG, C.E. Rogers, European SprayDry Technologies, Yamato Scientific America Inc., Tetra Pak Group, Saka Engineering Systems Private Limited, Advanced Drying Systems, and Shandong Tianli Drying Technology and Equipment
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