Industrial Dryers Market Forcasted for Accelerated Growth by 2024

Global Industrial Dryers Market: Overview

Industrial dryers are used to manufacture the mass amount of materials with lower moisture levels. They can be found in various forms based on the material type and quantity that needs to be processed. Commonly used industrial dryers include rolling bed dryers, convection dryers, fluidized bed dryers, and rotary dryers. These dryers perform effective functions such as high performance, reduction of utility resource wastage, optimal use of power, and controlling of different types of parameters.

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Global Industrial Dryers Market: Growth Factors

Increasing use of superheated steam drying is the key factor that is responsible for the industrial dryers market growth. Industrial dryers are gaining prominence in a variety of companies including biotechnology, chemical, pharmaceuticals, and others, which projects to propel the industrial dryers market. The factors that restrain the market for industrial dryers include the requirement of high maintenance, the high operating cost of the industrial dryers, and lack of skilled professionals.

Global Industrial Dryers Market: Segmentation

The industrial dryers market is categorized based on the application, product, type, and end-user. The application segment is divided into fertilizer, cement, pharmaceutical, chemicals, food, and others. Depending on the product, the market is classified into indirect dryers, direct dryers, and specialty dryers. Based on the type, the market is fragmented into conveyor dryers, freeze dryers, fluidized bed dryers, drum dryers, flash dryers, rotary dryers, and spray dryers. The fluidized bed dryer is the dominating segment among others. There is an increase in the applications of fluidized bed dryers in food and pharmaceuticals due to its cost effective nature and energy efficiency. By end-user, the industrial dryers market is segregated into cement, pharmaceutical, fertilizers, chemical, food, and others. The pharmaceuticals segment accounted for the largest market share owing to growing need for moisture removal from solid or liquids substance by sublimation and evaporation process.

Global Industrial Dryers Market: Regional Analysis

Asia Pacific is the leading region for industrial dryers market, it is predicted that it is going to continue its growth in the near future. Escalating demand for industrial dryers in cement, materials, pharmaceuticals, chemicals, and other end-user industries is expected to drive the market in this region. The increase in the use of industrial dryers from these industries coupled with ample amount of availability of raw materials and labor will foster the market growth. Other emerging countries such as India, China, and Japan are expected to contribute for significant market share in coming years. Growth and development of the end-user industries such as pharmaceuticals, chemicals, and others in the North America will anticipate boosting the market growth. The U.S is the most dominant region globally due to higher demand for industrial dryers.

Global Industrial Dryers Market: Competitive Players

Major players operating in the global industrial dryers market include Buhler Holding AG, GEA Group, Andritz AG, and ThyssenKrupp AG. Other prominent players include Carrier Vibrating Equipment, Inc., Mitchell Dryers Ltd., FL Smidth & Co. A/S, ANIVI Ingenieria SA, and Comessa.

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