Industrial Dryers Market

Industrial Dryers Market Size & Growth  (2023-2028):

The Industrial Dryers Market was valued at $ 6.72 billion in 2022 and is anticipated to reach $ 8.74 billion by 2028, with an annual expansion rate of 6.1% from 2023-2028.

This expansion is primarily attributed to the growing call for industrial dryers from various sectors. This helps various businesses meet their drying needs. Drying is a significant part of the industry that is employed in the manufacture of products. There are various industrial dryers available in the world and they are widely employed in various businesses. The instant dryer and vacuum dryer are in a slow expansion stage in the product life cycle due to limited usage.

Industrial Dryers Market Drivers:

The escalating use of superheated steam drying is the key factor responsible for the expansion of the industrial dryer industry. Industrial dryers are gaining prominence at a variety of companies, including biotechnology, chemicals, pharmaceuticals, and others, that have plans to drive the industrial dryer industry. Expansion in the use of superheated steam drying (SSD) is expected to be a major driver of expansion in the industrial dryer industry during the foreseen period. Superheated vapors in contact with the dry material use simple heat to dry the wet material. Industrial dryers are gaining prominence in some of the end-user businesses, such as chemicals, pharmaceuticals, and biotechnology, among others, which in turn has fueled the industry's calls for industrial dryers during the foreseen period.

Restraints in the Industrial Dryers Market:

Factors limiting the business of industrial dryers include a high maintenance requirement, a high operating cost for industrial dryers, and a lack of qualified professionals. Industrial dryer has faced significant drawbacks in recent days. Some types of industrial dryers are very large and pose a serious threat to the industrial dryer market. Industrial dryers need high maintenance which somehow escalates the operating expense related to these. In addition, qualified professionals are required to operate these dryers and these factors are supposed to be hampering the expansion prospects of the industrial dryer industry during the foreseen period.

Opportunities in the Industrial Dryers Market:

The surge in the call for industrial dryers from the food and chemical industry is foreseen to accelerate demand in this market in the future. The main trend identified in the world industry for industrial dryers, which will gain ground during the foreseen period, is superheated steam drying. Steam can cool down, losing its internal energy by a certain amount, causing its temperature to drop to a certain extent without changing the gaseous state and turning into a mixture of saturated and liquid steam. The expansion of the food and beverage and pharmaceutical businesses in developing countries will open up new opportunities in the industry.

Challenges in the Industrial Dryers Market:

The factors that hinder the expansion of the industrial dryers market are industry instability and economic conditions. In addition to this, strict environmental regulations also pose a challenge to the industry.

Recent Developments:

• Andritz presents the MasterDry range of dryer fabrics. The international technology group Andritz is launching its latest range of Masterdry drying fabrics based on high-performance drying fabric technology.

• At Microsoft Ignite, Bühler officially launched MoisturePro a digital cloud-based service that dramatically improves efficiency and reduces energy costs and the environmental footprint of heat treatment in the food and feed industry.

INDUSTRIAL DRYERS MARKET REPORT COVERAGE:

Market Segmentation:

Industrial Dryers Market - By Product:

• Direct

• Indirect

• Specialty dryers

The direct dryer category is expected to account for the majority of industry revenue during the foreseen period.

Industrial Dryers Market - By Type:

• Rotary

• Fluidized bed

• Spray dryers

Among these, fluid bed dryers are expected to be the fastest-growing category in the industry during the foreseen period. The escalating call for fluidized bed dryers is attributed to the escalating number of applications of these dryers in different application businesses.

Industrial Dryers Market - By Application:

• Food and Beverages

• Pharmaceuticals

• Chemicals

• Fertilizer

• Cement

The pharmaceutical category is expected to be the fastest-growing application area in the industry during the foreseen period. Industry expansion can be attributed to the escalated call for these dryers in the pharmaceutical industry.

Industrial Dryers Market - By Region:

• North America 

• Europe 

• Asia Pacific

• Latin America 

• The Middle East & Africa 

As Asia-Pacific is the leading region in the industrial dryer industry, it is expected to continue to grow in the near future. The escalating call for industrial dryers in cement, materials, pharmaceuticals, chemicals, and other businesses for end-users is expected to drive the industry in this region. The rising use of industrial dryers in these businesses, combined with the high availability of raw materials and labor, will promote industry expansion. Other emerging countries such as India, China, and Japan are expected to contribute significant industry share in the coming years. The expansion and development of end-user businesses, such as pharmaceuticals, chemicals, and the like in North America, are expected to drive industry expansion. The United States is the most dominant region in the world due to the escalated call for industrial dryers.

The Asia Pacific represented a significant part of the industrial dryer industry in 2020 and is expected to maintain its position during the foreseen period. The growing call for industrial dryers in end-user businesses such as pharmaceuticals, cement, chemicals, and materials, among others, has fuelled calls for industrial dryers in this region. The wide availability of labor and raw materials and the escalated use of end-user businesses are expected to stimulate the industry for industrial dryers in the coming years. China, Japan, and India are expected to retain a significant industry share of the industrial dryer industry during the foreseen period. North America accounted for a considerable industry share of the industrial dryer industry in 2020 due to developed end-user businesses such as pharmaceuticals, chemicals, and materials, among others.

Industrial Dryers Market Key Players:

Key players working in the worldwide industrial dryers market are

1. Buhler Holding AG
2. GEA Group
3. Andritz AG
4. ThyssenKrupp AG
5. Carrier Vibrating Equipment, Inc.
6. Mitchell Dryers Ltd.
7. FL Smidth & Co. A/S,
8. ANIVI Ingenieria SA,
9. Comessa.