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Spray Drying Equipment Market by Type, Application, Drying Stage, Cycle Type, Flow Type, and Region - Global Forecast to 2022

Spray Drying Equipment Market: Global Forecast until 2022

  • January 2017
  • 135 pages
  • ID: 4616922
In this report:
According to IMS Health's figures on specialty medicines, the U.S. accounted for more than ##% of the share in the medicines market 2015, followed by Europe.
The mixed flow type spray drying process is expected to be the fastest growing, with a CAGR of ##.##% from 2016 to 2022 due to its larger application in the chemical industry.

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"Spray drying equipment market is estimated to rise at a compound annual growth rate of ~7.0 percent"

The spray drying equipment market, estimated at ~$3.8B in 2016, is expected to increase at a compound annual growth rate (CAGR) of ~7.0 percent, to attain ~$5.8B by 2022. The industry is primarily influenced by Elements such as increase in preference for ready to-eat and functional food & beverages. The emerging countries in the Asia-Pac region offer possibilities for the spray drying equipment manufacturers. Some of the main restraints in the increase of the spray drying equipment market are high thermal energy consumption and high operational costs.

"Closed loop spray dryer equipment type is expected to rise at the highest CAGR (Compound annual growth rate)"

The closed loop spray dryer is expected to grow at the highest compound annual growth rate (CAGR) for the projected time period from 2016 to 2022, succeeded 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 market. Both, closed loop and fluidized spray dryers are used for heat sensitive products.

"Chemicals segment is intended to be the quickest increasing sector during the outlook period"

The chemicals segment is forecasted to be the fastest-growing segment during the forecast period due to the growth in demand for plastic resins and other polymers that will boost the spray drying equipment market.

"Asia Pacific (APAC) & RoW: Important rise projected in the spray drying equipment market"

Asia Pacific (APAC) and the Rest of the globe are estimated to be the quickest-increasing sectors for the period considered for this analysis, due to high adoption rate of spray drying technology in food processing. China (CN) is anticipated to lead the sector for spray drying equipment in the Asia Pacific (APAC) area for the upcoming six years, as a result of increased demand for milk powders, whereas in African continent, coffee production and processing will lead to increase in the spray drying equipment market. The U.S.A maintains the biggest market share in the North American area for industrial application of spray dryers.

Segment Research

The document breaks down the spray drying equipment market based on equipment type, drying stage, cycle type, flow type, application, and area. In terms of insights, this market research has emphasized different levels of analyses-trade study, supply chain research, and company descriptions, which together comprise and examine the basic overviews on the competitive landscape, emerging & high-growth segments of the overall spray drying equipment market, high-growth areas, territories, drivers, market restraints, and alternatives.

Why acquiring this study can help you:

• To get a comprehensive overview of the spray drying equipment market

• To benefit wide ranging information about the top actors in this market, their service portfolios and top strategies approved by them

• To benefit business insights about the main countries/localities in which the spray drying equipment market is prospering

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