The Spray Drying Equipment Market was valued at $4.90Billion in 2018 and is forecast to grow at a modest7.8 % CAGR between2018 and 2025, culminating in 2026 global sales of $8.20Billion.
Increase in shelf-life leading to improved logistics, Growing demand for ready-to-eat and functional food, reduction in thermal damage caused to the product, technological innovations, and developing applications in biotechnology are some of the significant factors that are anticipated to drive the growth of the spray drying equipment market during the forecast period.Spray drying is a process of making a dry powder from a slurry or liquid through swiftly drying with hot gas. The hot gas evaporates all moisture particle from the droplets and finally,the product converted into the form of grains. Spray drying is playing a crucial operation roleinthe chemical process industry and it is the ideal method of drying for the heat-sensitive product.This segment is inspiring the producers to develop and design the technology procedure equipment that reinforcement several kinds of feedstock, for example, slurry, paste, gel, suspension, and a solution. Completely these reasons are propelled the industry growth.The increasing demands for functional food & beverages in the market trust the demand for these equipment segment in the food & beverage business, which is projected to drive the growth of the global spray drying equipment market in the coming future.
“Optimal Price Point (OPP) for Global Spray Drying Equipment”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On average, in the China Global Spray Drying Equipment materials are available at USD xxx- USD xxxx. However, high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Global Spray Drying Equipment Market by “Key Product Categories”
We have segmented the Global Spray Drying Equipment based on Product categories as Rotary Atomizer, Nozzle Atomizer, Fluidized, and Centrifugal.
We have observed the rapid growth of Spray Drying Equipment followed by Nozzle Atomizer segmentwith the forecast period.This segment is used as a dryer connecting with several nozzles to provide a broad range of flow rates which can produce a free-flowing and coarse powder. So, they are a suitable application for maximum production and ideal flow rates.
Global Spray Drying Equipment Market by “Stage Categories”
We have segmented the Global Spray Drying Equipment based onStage Categories as Single-Stage, Two-Stage, and Multi-Stage.
We have observed the rapid growth of Spray Drying Equipment followed by Two-Stage segmentwith 48% of the revenue sharein 2018. It helps to reduce the production cost and improve production quality. Two-stage dryers are typically used by large and medium scale industrial manufacturers due to the profitability characteristics, likethe capacity to process fluctuating volumes of feedstocks.
The Multi-Stage segment is also anticipated to highest CAGR in terms of revenue during the forecast period. Because it is having the capacity to produce dust free agglomerated product with the finest dispersibility between the entry stage and complete stage of spray dry.
Global Spray Drying Equipment Market by “Flow Type”
We have segmented the Global Spray Drying Equipment based on Flow as Co-Current, Counter-Current, and Mixed Flow.
We have observed that the rapid growth of Spray Drying Equipment followed by Co-Current Flow segment with the forecast period. These flows basically used in R&D, Laboratory, and Industrial sector for the processing of heat sensitive product.
The mixed flow segment is anticipated to propel themarket growth over the forecast period. Because it provides potentially delivers and mixing capabilities with the mixing of counter and co-current flow.
Global Spray Drying Equipment Market by “Cycle”
We have segmented the Global Spray Drying Equipment based on Cycle as Open and Closed cycle.
We have observed that the rapid growth of Spray Drying Equipment followed by Open Cycle Segment with 65% of the revenue share in 2018. This segment having the capacity to control heat sensitive and heat resistive product in all sizes with low energy consumption.
Closed Cycle is anticipated to register a CAGR of 8.1% in terms of revenue during the forecast period.
Global Spray Drying Equipment Market by “Application Categories”
We have segmented the Global Spray Drying Equipment based on Application Categories as Food & Dairy, Pharmaceuticals & Nutraceuticals, Chemicals, Others.
We have observed that the rapid growth of Spray Drying Equipment followed by Food & Diary product with 45% of the total revenue share in 2018. Due to the increased consumption of coffee powder, egg powder, and infant product.
Alternatively, growing product demand from the chemical industry for spray drying resins, polymers, and other middle chemical products is expected to move the growth of the chemical industry segment.
North America accounted for the maximum revenue share of over xx% in 2018 due to increased demand of Global Spray Drying Equipment materials followed by EU- Top 5 countries contribute $X.6 Billion in 2018 and expected to reach $x.5 Billion by 2026.
The rapid growth of the Chemical Industry and the availability of Global Spray Drying Equipment materials option create an impact in developing countries for the demand for advanced technology and food & dairy production.
“Competitive Landscape” and “Merger& Acquisition Insights”
The key market participants are GEA Group Aktiengesellschaft, G. Larsson Starch Technology AB, SPX FLOW, Inc., Dedert Corporation, Shandong Tianli Drying Technology and Equipment Co., Ltd., Hemraj Enterprises, New AVM Systech Pvt. Ltd., BÜCHI Labortechnik AG, Yamato Scientific America, Inc., Swenson Technology, Inc., Tetra Pak International S.A., Saka Engineering Systems Private Limited,and Acmefil Engineering Systems Pvt. Ltd.are few major players in Global Spray Drying Equipmentmarkets. TheGlobal Spray Drying Equipment market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Global Spray Drying Equipment Market by Key Product categories(Revenue, Million, 2018 – 2026)
- Rotary Atomizer
- Nozzle Atomizer
Global Spray Drying Equipment Market by Stage Categories(Revenue, Million, 2018 – 2026)
Global Spray Drying Equipment Market by Flow Type (Revenue, Million, 2018 – 2026)
- Mixed Flow
Global Spray Drying Equipment Market by Cycle (Revenue, Million, 2018 – 2026)
Global Spray Drying Equipment Market by Application Categories (Revenue, Million, 2018 – 2026)
- Food & Dairy
- Pharmaceuticals & Nutraceuticals
Global Spray Drying EquipmentMarket Regional Outlook (Revenue, USD Million, 2018-2026)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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