Spray Drying Equipment Market is Considered as One of the Rapidly Growing Dynamic Markets

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Updated on Nov 21, 2019

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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 Grand View Research, 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.

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

Grand View Research has segmented the global spray drying equipment market on the basis of product, stage, cycle, flow, application, and region:

Spray Drying Equipment Product Outlook (Revenue, USD Million, 2015 - 2025)

  • Rotary Atomizer

  • Nozzle Atomizer

  • Fluidized

  • Centrifugal

Spray Drying Equipment Stage Outlook (Revenue, USD Million, 2015 - 2025)

  • Single-Stage

  • Two-Stage

  • Multi-Stage

Spray Drying Equipment Cycle Outlook (Revenue, USD Million, 2015 - 2025)

  • Open

  • Closed

Spray Drying Equipment Flow Outlook (Revenue, USD Million, 2015 - 2025)

  • Co-Current

  • Counter-Current

  • Mixed Flow

Spray Drying Equipment Application Outlook (Revenue, USD Million, 2015 - 2025)

  • Food & Dairy

  • Pharmaceuticals & Nutraceuticals

  • Chemical

  • Others

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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