Spray Drying Equipment Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

Description

Spray Drying Equipment Market: Market Segments: By Product Type (Rotary Atomizer, Nozzle Atomizer, Fluidized and Centrifugal); By Stage (Single-Stage, Two-Stage and Multi-Stage); By Flow Type (Co-Current, Counter-Current, and Mixed Flow); By Application (Food & Dairy, Pharmaceuticals & Nutraceuticals, Chemical and Others); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Product Overview
Spray drying facilities are used to remove the moisture content from the product. A basic spray drying process consists of dispersing a liquid/slurry in the form of small droplets and then bringing it into contact with a hot gas. The hot gas causes all the moisture from the droplets to evaporate and we eventually get our product in the form of grains. The most popular spray dryer equipment design consists of a long column / vessel with the top-end slurry dispenser and hot gases circulating from bottom to top fashion.
Market Highlights
Spray Drying Equipment Market is expected to project a notable CAGR of 5.9% in 2030.
Spray Drying Equipment Market to surpass USD 7.5 billion by 2030 from USD 4.2 billion in 2018 at a CAGR of 5.9% throughout the forecast period, i.e., 2019-30. The growing pharmaceutical, food, and chemical industries are driving the growth of the global market for spray-drying equipment. Some macroeconomic factors that have a positive impact on the global market for spray drying equipment include rapid urbanization, population growth, lifestyle change, and domestic revenue growth.
Spray Drying Equipment Market: Segments
Fluidized segment to grow with the highest CAGR of XX.X% during 2019-30
Spray Drying Equipment Market is segmented by product type as rotary atomizer spray dryer, nozzle atomizer spray dryer, fluidized spray dryer, closed loop spray dryer, centrifugal spray dryer. The greater market share of 41.3% in 2018 was accounted by nozzle atomizer segment of the Spray Drying Equipment market owing to the substantial adoption of equipment based on nozzle atomizer to produce coarser and free-flowing powders. In addition, nozzle atomizer dryers can also be used to offer a broad range of flow rates in conjunction with multiple nozzle installations. For applications that require optimum flow rates and involve the production of flexible particle sizes, these are therefore the ideal option.
Spray Drying Equipment Market: Market Dynamics
Drivers
Increase in the consumption of processed and RTE Foods
Ready-to-eat (RTE) foods, as the name suggests, refer to that form of food products derived from animals or plants, or a combination that can be offered after pre-washed, pre-cooked, processed, and frozen to customers. They do not, therefore, require elaborate processing before consumption by end-consumers; thus, saving their time and energy. In addition, changes in consumers’ lifestyles over the last decade have led to a high demand for processed and ready-to – eat food products due to rapid urbanization.
Restrain
High installation and operational cost
The spray drying of the required equipment and its continuous operations is offered at high costs. The main auxiliary equipment is equally costly, regardless of the type of atomizer and the capacity of the dryer. Due to the large volume of hot air that circulates in the chamber without contacting the particles, spray dryers generally have low thermal efficiency.
Spray Drying Equipment Market: Regions
Spray Drying Equipment Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Spray Drying Equipment Market in North America held the largest market share of 30.2% in the year 2018 due of the rapid adoption by key businesses of new and emerging technologies to improve overall efficiency and ensure optimum product quality. Moreover, higher R&D capabilities in the U.S. across different industries, such as pharmaceutical and nutraceutical, led to increased adoption of these devices. During the forecast period, the Asia Pacific region is projected to grow at the highest CAGR. The market in this region is mainly driven by the growing demand among consumers for nutritional products such as infant food and milk powder. In the Asia Pacific region, China is estimated to hold the largest market share for spray drying equipment. The nation is also one of the world’s major food and drug encapsulation markets; the market here is projected to grow significantly in the coming years.
Spray Drying Equipment Market: Key Players
• Acmefil
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Buchi Labortechnik AG
• C. E. Rogers
• Changzhou Lemar Drying Engineering Co. Ltd.
• Dedert Corporation
• European Spraydry Technologies LLP
• GEA Group AG
• New AVM Systech
• Shandong Tianli Drying Technology and Equipment
Spray Drying Equipment Market report also contains analysis on:
Spray Drying Equipment Market Segments:
By Product Type:
• Rotary Atomizer
• Nozzle Atomizer
• Fluidized
• Centrifugal
By Stage:
• Single-Stage
• Two-Stage
• Multi-Stage
By Flow Type:
• Co-Current Flow Spray Dryers
• Counter-Current Flow Spray Dryers
• Mixed Flow Spray Dryers
By Application:
• Food & Dairy
• Pharmaceuticals & Nutraceuticals
• Chemical
• Others
• Spray Drying Equipment Market Dynamics
• Spray Drying Equipment Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints