Spray Drying Equipment Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1686
Spray Drying Equipment market size is driven by increasing application outlook in pharmaceutical, food, and chemical industries.
Drying is dehydration process and removes all the moisture content from the product. Spray driers prevents microbial growth and led to longer product shelf life. The various spray drying equipment parts are feed pump, atomiser, air heater, air disperser, drying chamber, powder recovery system, exhaust air cleaning system and process control system.
Spray drying equipment finds strong application in dairy industry to manufacture powdered milk. Powdered milk is easy to store and overcomes seasonal milk scarcity. Milk powder is widely used in bakery, chocolates and sweets. Increase in skimmed milk powder may experience high demand due to rise in convenient food demand and hectic schedule.
Spray drying equipment is implemented to manufacture heat sensitive drugs in pharmaceutical company. Rise in geriatric population along with growing consumer spending on medicine owing to increase in various diseases are driving factors for pharmaceutical industry.
Global pharmaceutical market size is estimated to reach over USD 1.2 trillion by 2024. Growing concern for hygienic condition, preventing drug contamination and effective pressure control in pharmaceutical sector may propel spray drying equipment market size. Government initiatives towards improvement of production procedures along with technological advancement should stimulate industry growth.
The two-stage spray drying equipment, suitable for heat sensitive products and may grow significantly over the forecast timeframe. This process is used by pharmaceutical companies to restore medicines chemical composition. Increase in health consciousness and rise in spending on medicines has propelled pharmaceutical industry.
Strong application outlook in chemical sector should drive spray drying equipment market size. Global chemical market may surpass USD 5.2 trillion by 2024. The global chemical industry is highly regulated and provides high range of products. Companies provide spray drying solutions for advanced specialty chemical and bulk products.
Change in dietary intake has increased human dependence on food grains and crops, which in turn boost fertiliser market size. Global fertiliser market was estimated to cross over USD 152 billion in 2024. Spray drying equipment forms uniform size of the granule, improves flow property and prevents cohesion, thereby enhance fertiliser quality. It provides better control on flow ability, bulk density and moisture content parameters.
Spray drying equipment provides redisperability and storage stability to redisperable polymer. The global redisperable polymer market may grow significantly at over 5% owing to increase in industrial, residential and commercial construction buildings. The redisperable polymer preferably used in mortar, plastering, insulation system, flooring and tiling work. Increase in consumer preference for aesthetic values and surge in repair and renovation has boosted redisperable polymer industry growth.
North America, driven by Canada and the U.S spray drying equipment market size may witness strong growth owing to increase in powdered milk consumption, and pharmaceutical industry. Rise in healthcare facilities along with strong R&D investment in pharmaceutical sector should stimulate regional industry growth.
Europe driven by UK, France and Germany spray drying equipment market size may show remarkable growth in the dairy sector. Friesland Campina, Arla, Danone, Nestle and Lactalis are leading European dairy companies. Increase in aging population has stimulated pharmaceutical industry growth. Stringent regulations by EU on dust particle emission to reduce air pollution may drive industry growth.
Asia Pacific led by Japan, India, and China spray drying equipment may witness favourable gains over the forecast timeframe. Increase in fertilizer industry mainly in India may propel product demand. Rapid urbanisation and FDI is leading to growth in infrastructural development in China and India.
High maintenance and operation cost may hinder industry profitability, thereby affecting spray drying equipment market price trend. Increasing food encapsulation market is likely to create new avenues in the industry growth. It mainly consumes high electricity and has low thermal efficiencies. Increasing investments in R&D and innovations to find alternatives may impede industrial growth.
Global spray drying equipment market share is consolidated. The dominant players are SPX Flow, Acmefil, Changzhou Lemar, AVM Systech and Shandong Shungeng.
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