NEW YORK, Jan. 17, 2017 /PRNewswire/ --
"Spray drying equipment market is projected to grow at a CAGR of 7.03%"
The spray drying equipment market, estimated at USD 3.85 billion in 2016, is projected to grow at a CAGR of 7.03%, to reach USD 5.80 billion by 2022. The market is primarily driven by factors such as rise in preference for ready to-eat and functional food & beverages. The emerging countries in the Asia-Pacific region provide opportunities for the spray drying equipment manufacturers. Some of the major restraints in the growth of the spray drying equipment market are high thermal energy consumption and high operational costs.
"Closed loop spray dryer equipment type is projected to grow at the highest CAGR"
The closed loop spray dryer is projected to grow at the highest CAGR for the projected time period from 2016 to 2022, followed by fluidized spray dryer. Closed loop spray dryers are ideal for handling slurries and drying them into the required powder form which is applicable for the coating of tiles in the ceramic industry. Both, closed loop and fluidized spray dryers are used for heat sensitive products.
"Chemicals segment is projected to be the fastest growing market during the forecast period"
The chemicals segment is projected to be the fastest growing segment during the forecast period due to the rise in demand for plastic resins and other polymers that will boost the spray drying equipment market.
"Asia Pacific & RoW: High growth projected in the spray drying equipment market"
Asia-Pacific and the Rest of the World (RoW) are projected to be the fastest-growing markets for the period considered for this study, due to high adoption rate of spray drying technology in food processing. China is expected to lead the market for spray drying equipment in the Asia-Pacific region for the next six years, as a result of increased demand for milk powders, whereas in Africa, coffee production and processing will lead to growth in the spray drying equipment market. The U.S. holds the largest market share in the North American region for industrial application of spray dryers.
Leading players profiled in this report:
- GEA Group AG (Germany)
- SPX Flow Technology (U.S.)
- Dedert Corporation (U.S.)
- Buchi Labortechnik AG (Switzerland)
- European Spray Dry Technology LLP (U.K.)
- Changzhou Lemar Drying Engineering Co. Ltd. (China)
- Shandong Shungeng Drying Equipment Co. Ltd. (China)
- Acmefil Engineering Systems Pvt. Ltd. (India)
- New AVM Systech Pvt. Ltd (India)
- C.E Rogers Company (U.S.)
The report segments the spray drying equipment market on the basis of equipment type, drying stage, cycle type, flow type, application, and region. In terms of insights, this research report has focused on various levels of analyses—trade analysis, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global spray drying equipment market, high-growth regions, countries, drivers, restraints, and opportunities.
Reasons to buy this report:
- To get a comprehensive overview of the spray drying equipment market
- To gain wide ranging information about the top players in this industry, their service portfolios and key strategies adopted by them
- To gain insights about the major countries/regions in which the spray drying equipment market is flourishing
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