Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Market Overview

 Industrial dryers are used to effectively process large quantities of bulk materials that require reduced moisture levels. Industrial dryers are available in different sizes depending upon the amount of material needing to be dried. Generally, dryers function on two principles namely direct drying and indirect drying whereas various types of dryers are available in the market including a flash dryer, rotary dryer, spray dryer, and fluidized dryer. Industrial dryers find applications in various sectors including pharmaceutical, food, chemical, mining & minerals, constructions, etc. Other types of dryers are also available such as paddle dryers that are used where maximum heat transfer is required.

The global Industrial Dryer Market was accounted for US$ 2,929.7 Mn in terms of value and 2,648 units in terms of volume in 2019 and is expected to grow at CAGR of 3.5% for the period 2020-2027.

Market Dynamics- Driver

  1. Rising demand from pharmaceutical and food sectors is expected to drive growth of the global industrial dryer market during the forecast period

The quality of the product in the pharmaceutical industry is a major concern. This is also important due to strict government regulations over product quality and its specification in food and pharmaceutical industry. Generally, products in the industries are heat sensitive that require suitable devices for drying process. The technologically advanced industrial dryers such as vacuum dryers and fluidized bed dryers are suitable equipment for drying operation in food and pharmaceutical industry. Moreover, these dryers are suitable for other unit operations such as purification and separation involved in the industry. Thus, high growth of the pharmaceutical and food sectors is expected to drive growth of the global industrial dryer market in the near future. According to Coherent Market Insights’ analysis, there are over 450 projects in the pharmaceutical industry and over 300 projects in the food industry that are expected to be completed in the near future.

  1. Increasing application of dryers in various sectors is expected to propel the global industrial dryers market growth over the forecast period

Industrial dryers have witnessed a massive demand from various industry including healthcare, chemical, mining & minerals, constructions, etc. Different types of industrial dryers are used such as vacuum dryer in biological products and food sector, fluidized bed dryer in fertilizer, pesticides, and ceramics, sprayer in antibiotics, vitamins, and catalyst support, and rotary dryers in fertilizers, waste sludge, limestone, plastics, and chemicals. Hence, the wide use of dryers is expected to propel the global industrial dryer market growth over the forecast period.

Statistics:

Asia Pacific region is expected to dominate the global Industrial Dryer Market in 2019, accounting for 31.7 % share in terms of value, followed by North America, Europe, Middle East and Africa and Latin America.

Figure 1: Global Industrial Dryer Market Share (%) in Terms of Value, By Region, 2019

Industrial Dryer  | Coherent Market Insights

Market Dynamics- Restraints

  1. High operational costs are expected to hamper growth of the global industrial dryer market during the forecast period

The process of drying is energy-intensive regarding manufacturing a product. In industrial sector, it is estimated that drying process alone consumes around 10% to 20% energy relative to other unit operations involved in the industry. Furthermore, majority of industrial dryers are focused on operations that require hot air for drying, which is formed by the burning of fossil fuel. Burning of fossil fuel imparts additional operational costs in the drying process. Hence, these factors are expected to hamper the market growth in the near future.

  1. Strict environmental regulations are expected to hinder the global industrial dryer market growth over the forecast period

There are various strict government regulations enforced across the globe including REACH, EPA, etc. Industrial dryers such as belt dryers and tray dryers are adopted by small industries since they are low cost although they are less efficient well. Hence, these factors are expected to hinder the global industrial dryer market growth over the forecast period.

Market Opportunities

  1. High growth of food processing industry can present major business opportunities

Food processing industry has expanded significantly in the recent past. Dryers can be used to prevent food spoilage by removing water from both preparation and processing of food products. Dryers can provide clean and dry air that can help extend product life and can assist in packaging, transporting and storing food products. Key companies in the market can capitalize on lucrative opportunities and gain significant advantages in the market.

  1. High growth of the pharmaceutical industry can pose significant growth opportunities

The pharmaceutical industry deploys different types of industrial dryers including freeze-dryers, vacuum dryers, continuous-tray dryers, mixer dryers, etc. The pharmaceutical industry has expanded significantly in the recent past and as a result of this, there is a high demand for dryers. Key companies in the market can capitalize on lucrative opportunities and gain significant advantages in the market.

The global industrial dryer market was valued at US$ 2,929.7 Mn in 2019 and is forecast to reach a value of US$ 3,895.7 Mn by 2027 at a CAGR of 3.5% between 2020 and 2027.

Figure 2: Global Industrial Dryer Market Value (US$ Mn), 2016 - 2027

Industrial Dryer  | Coherent Market Insights

Market Trends

  1. Rising adoption of superheated steam dryers is a major adoption

Superheated steam dryers have witnessed significant massive adoption with industries demanding standards for intended drying applications. Higher operating costs associated with conventional drying processes resulted in growing emphasis on either improving drying process economics or on the development of alternative lower-cost processes. For instance, the GEA group offers Superheated Steam Dryer & Processor for drying of oilseeds, beans, and proteins. Also, BMA AG offers a fluidized-bed steam dryer for drying of biomass, which can recover 90% of energy.

  1. Market consolidation activities worldwide

Major companies in the market are focused on merger and acquisition activities, in order to enhance the market presence. For instance, in June 2016, ANDRITZ AG acquired Euroslot KDSS, including its two subsidiaries in China and India, which are involved in manufacturing of separation and filtration equipment. Moreover, in November 2016, HEINKEL Drying and Separation Group announced expansion of two of its workshops in Foshan, China, in order to increase its presence in the APAC market.

Segment information:

In global Industrial Dryer Market, by Operating Principle, Indirect Drying sub-segment dominated the global market in 2019, accounting for 77.7% share in terms of value, followed by Direct Drying.

Competitive Section

Key players operating in the global industrial dryer market are Metso Corporation, Anivi Ingenieria SA, ThyssenKrupp AG, YAMATO SANKO MFG. CO. LTD., ANDRITZ AG, Wuxi Modern Spray Drying Equipment Co., Ltd, Buhler AG, Ventilex Inc., GEA Group, Comspain XXI S.A., Carrier Vibrating Equipment, Inc., FEECO International, Inc., HEINKEL Drying and Separation Group, Mitchell Dryers Ltd., Spooner Industries Ltd, Changzhou Fanqun Drying Equipment Co. Ltd., and Changzhou Yibu Drying Equipment Co., Ltd.

Key Developments

  1. Major companies in the market are involved in partnerships and collaborations, in order to enhance the market. For instance, in May 2016, the company entered into a long term service partnership agreement with TATA Chemicals Limited to restructure pyro-processing systems. The agreement includes repairing, rebuilding and modifying 7 calciners and 12 rotary dryers at the Green River, U.S. production facility.
  2. Key players in the market are focused on mergers and acquisitions, in order to gain a competitive edge in the market. In June 2015, ANDRITZ AG acquired Euroslot KDSS, including its two subsidiaries in China and India which are involved in the manufacturing of separation and filtration equipment

Industrial dryers are used to effectively process large quantities of bulk materials that require reduced moisture levels. Industrial dryers are available in different sizes depending upon the amount of material needing to be dried. Generally, dryers function on two principles namely direct drying and indirect drying whereas various types of dryers are available in the market including a flash dryer, rotary dryer, spray dryer, and fluidized dryer. Industrial dryers find applications in various sectors including pharmaceutical, food, chemical, mining & minerals, constructions, etc. Other types of dryers are also available such as paddle dryers that are used where maximum heat transfer is required.

Market Dynamics

The quality of the product in the pharmaceutical Operating Principal is a major concern. This is also important due to strict government regulations over product quality and its specification in food and pharmaceutical Operating Principal. Generally, products in the industries are heat sensitive that require suitable devices for drying process. The technologically advanced industrial dryers such as vacuum dryers and fluidized bed dryers are suitable equipment for drying operation in food and pharmaceutical Operating Principal. Moreover, these dryers are suitable for other unit operations such as purification and separation involved in the Operating Principal. Thus, high growth of the pharmaceutical and food sectors is expected to drive growth of the global industrial dryer market in the near future. According to Coherent Market Insights’ analysis, there are over 450 projects in the pharmaceutical Operating Principal and over 300 projects in the food Operating Principal that are expected to be completed in the near future. Industrial dryers have witnessed a massive demand from various Operating Principal including healthcare, chemical, mining & minerals, constructions, etc. Different types of industrial dryers are used such as vacuum dryer in biological products and food sector, fluidized bed dryer in fertilizer, pesticides, and ceramics, sprayer in antibiotics, vitamins, and catalyst support, and rotary dryers in fertilizers, waste sludge, limestone, plastics, and chemicals. Hence, the wide use of dryers is expected to propel the global industrial dryer market growth over the forecast period.

Market Taxonomy

This report Product types the Global Industrial Dryer Market on the basis of Product type, Operating Principal, End-use Industry and Region. On the basis of Product type, Global Industrial Dryer Market is segmented into (Fluidized Bed Dryer (Batch, Continuous), Rotary Dryer, Spray Dryer, Flash Dryer, Vacuum Dryer and Other). On the basis of Operating Principal, the Global Industrial Dryer Market is segmented into Direct Drying and Indirect Drying. On the basis of Operating Principal, the Global Industrial Dryer Market is segmented into Direct Drying and Indirect Drying On the basis of region, Global Industrial Dryer Market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.

Key features of the study:

  • This report provides an in-depth analysis of the Global Industrial Dryer Market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different Product types and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global Industrial Dryer Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the Global Industrial Dryer Market includes Metso Corporation, Anivi Ingenieria SA, ThyssenKrupp AG, YAMATO SANKO MFG. CO. LTD., ANDRITZ AG, Wuxi Modern Spray Drying Equipment Co., Ltd, Buhler AG, Ventilex Inc., GEA Group, Comspain XXI S.A., Carrier Vibrating Equipment, Inc., FEECO International, Inc., HEINKEL Drying and Separation Group, Mitchell Dryers Ltd., Spooner Industries Ltd, Changzhou Fanqun Drying Equipment Co. Ltd., and Changzhou Yibu Drying Equipment Co., Ltd.
  • These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
  • The global Industrial Dryer market report caters to various stakeholders in this Operating Principal including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Industrial Dryer Market

Detailed Product Segmentation:

  • Global Industrial Dryer Market, By Product type:
    • Fluidized Bed Dryer
      • Batch
      • Continuous
    • Rotary Dryer
    • Spray Dryer
    • Flash Dryer
    • Vacuum Dryer
    • Other
  • Global Industrial Dryer Market, By Operating Principal:
    • Direct Drying
    • Indirect Drying
  • Global Industrial Dryer Market, By End-Use Industry:
    • Food
    • Fertilizer
    • Chemical
    • Construction Material
    • Paper & Pulp
    • Pharmaceutical
    • Others
  • Global Industrial Dryer Market, By Region:
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East and Africa
  • Company Profiles
    • ANDRITZ AG
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Anivi Ingenieria SA
    • Buhler AG
    • Carrier Vibrating Equipment, Inc.
    • Changzhou Fanqun Drying Equipment Co. Ltd.
    • Changzhou Yibu Drying Equipment Co., Ltd.
    • Comspain XXI S.A.
    • FEECO International, Inc.
    • GEA Group
    • HEINKEL Drying and Separation Group
    • Metso Corporation
    • Mitchell Dryers Ltd.
    • Spooner Industries Ltd
    • Spray Drying Equipment Co., Ltd
    • ThyssenKrupp AG
    • Ventilex Inc.
    • Wuxi Modern
    • YAMATO SANKO MFG. CO. LTD.

Browse all the market data tables and figures on “Global Industrial Dryer Market - Forecast to 2027”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, BY Product type
      • Market Snippet, By Operating Principal
      • Market Snippet, By End-use Industry
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Operating Principal Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global Industrial Dryer Market, BY Product type, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Product type Trends
    • Fluidized Bed Dryer
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
        • Batch
        • Continuous
    • Rotary Dryer
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Spray Dryer
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Flash Dryer
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Vacuum Dryer
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Other
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  5. Global Industrial Dryer Market, By Operating Principal, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Product type Trends
    • Direct Drying
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Indirect Drying
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  6. Global Industrial Dryer Market, By Operating Principal, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Product type Trends
    • Food
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Fertilizer
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Chemical
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Construction Material
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Paper & Pulp
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Pharmaceutical
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  7. Global Industrial Dryer Market, By Region, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, Product type, 2019–2027(US$ Million)
      • Market Size and Forecast, By Operating Principal, 2020–2027 (US$ Million)
      • Market Size and Forecast, By End-Use Industry, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, Product type, 2019–2027(US$ Million)
      • Market Size and Forecast, By Operating Principal, 2020–2027 (US$ Million)
      • Market Size and Forecast, By End-Use Industry, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, Product type, 2019–2027(US$ Million)
      • Market Size and Forecast, By Operating Principal, 2020–2027 (US$ Million)
      • Market Size and Forecast, By End-Use Industry, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, Product type, 2019–2027(US$ Million)
      • Market Size and Forecast, By Operating Principal, 2020–2027 (US$ Million)
      • Market Size and Forecast, By End-Use Industry, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, Product type, 2019–2027(US$ Million)
      • Market Size and Forecast, By Operating Principal, 2020–2027 (US$ Million)
      • Market Size and Forecast, By End-Use Industry, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2027 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  8. Competitive Landscape
    • Company Profiles
      • ANDRITZ AG.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Anivi Ingenieria SA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Buhler AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Carrier Vibrating Equipment, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Changzhou Fanqun Drying Equipment Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Changzhou Yibu Drying Equipment Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Comspain XXI S.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • FEECO International, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • GEA Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • HEINKEL Drying and Separation Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Metso Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Mitchell Dryers Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Spooner Industries Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Spray Drying Equipment Co., Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ThyssenKrupp AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Ventilex Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Wuxi Modern
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • YAMATO SANKO MFG. CO. LTD.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse market data tables and figures on “Global Industrial Dryer Market -forecast to 2027”.

Frequently Asked Questions

The global market for Industrial Dryer is expected to reach USD 3,260.8 Million by 2022.
Rising demand from pharmaceutical and food sectors is expected to drive growth of the global industrial dryer market during the forecast period
Indirect Drying sub-segment holds the largest market share among Operating Principle segment contributing 77.7% market share in terms of value in 2019.
Asia Pacific region hold the largest share in the global Industrial Dryer market in 2019, accounting for 31.7% share in terms of value.
Key players operating in the global Industrial Dryer market are Metso Corporation, Anivi Ingenieria SA, ThyssenKrupp AG, YAMATO SANKO MFG. CO. LTD., ANDRITZ AG, Wuxi Modern Spray Drying Equipment Co., Ltd, Buhler AG, Ventilex Inc., GEA Group, Comspain XXI S.A., Carrier Vibrating Equipment, Inc., FEECO International, Inc., HEINKEL Drying and Separation Group, Mitchell Dryers Ltd., Spooner Industries Ltd, Changzhou Fanqun Drying Equipment Co. Ltd., and Changzhou Yibu Drying Equipment Co., Ltd.
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