DUBLIN, Dec 15, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Industrial Dryers Market - Global Forecast to 2026" report to their offering.
The global industrial dryers market was valued at USD 4.00 Billion in 2015 and is projected to reach USD 6.37 Billion by 2026, at a CAGR of 4.3% from 2016 to 2026. This growth is mainly attributed to the increasing demand for industrial dryers from various end-use industries such as food, pharmaceutical, chemicals, fertilizer, cement, minerals, and paper & pulp.
The Asia-Pacific region accounted for the largest share of the industrial dryers market in 2015, and is expected to continue its dominance till 2026. China, India, and Japan led the Asia-Pacific industrial dryers market in 2015. The industrial dryers market in China is projected to grow at the highest CAGR among all countries in the Asia-Pacific region between 2016 and 2026.
The factors inhibiting the growth of the industrial dryers market are unstable market and economic conditions. Apart from this, stringent environmental regulations also act as a challenge for the industry. Agreements such as that of BREXIT, which will lead to the U.K. moving out of the European Union, will also impact the drying equipment industry, as most of the exports of the U.K. are to the countries in the European Union due to the free trade agreement.
- Andritz AG
- Anivi Ingeniería SA
- Buhler Holding AG
- Carrier Vibrating Equipment, Inc.
- Flsmidth & Co. A/S
- Gea Group
- Metso Corporation
- Mitchell Dryers Ltd
- Thyssenkrupp AG
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Industrial Dryers Market, by Product
8 Industrial Dryers Market, by Type
9 Industrial Dryers Market, by Application
10 Industrial Dryers Market, by Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/3j4xm5/industrial_dryers
Laura Wood, Senior Manager
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SOURCE Research and Markets