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Spray Drying Equipment Market Estimated at USD 3.85 billion in 2016, Projected to grow at a CAGR of 7.03% to reach USD 5.80 billion by 2022

Press Release   •   Jun 06, 2017 02:09 GMT

"Spray Drying Equipment Market Estimated at USD 3.85 billion in 2016, Projected to grow at a CAGR of 7.03%to reach USD 5.80 billion by 2022" published in June 2017. It is a professional and in-depth study.

Summary

Market Research Report Storeannounces a new report"Spray Drying Equipment Market"added to its database.The spray drying equipment market, estimated at USD 3.85 billion in 2016, is projected to grow at a CAGR of 7.03%, to reach USD 5.80 billion by 2022. The market is primarily driven by factors such as rise in preference for ready to-eat and functional food & beverages. The emerging countries in the Asia-Pacific region provide opportunities for the spray drying equipment manufacturers. Some of the major restraints in the growth of the spray drying equipment market are high thermal energy consumption and high operational costs.

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“Closed loop spray dryer equipment type is projected to grow at the highest CAGR”

The closed loop spray dryer is projected to grow at the highest CAGR for the projected time period from 2016 to 2022, followed 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 industry. Both, closed loop and fluidized spray dryers are used for heat sensitive products.

“Chemicals segment is projected to be the fastest growing market during the forecast period“

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

“Asia Pacific & RoW: High growth projected in the spray drying equipment market”

Asia-Pacific and the Rest of the World (RoW) are projected to be the fastest-growing markets for the period considered for this study, due to high adoption rate of spray drying technology in food processing. China is expected to lead the market for spray drying equipment in the Asia-Pacific region for the next six years, as a result of increased demand for milk powders, whereas in Africa, coffee production and processing will lead to growth in the spray drying equipment market. The U.S. holds the largest market share in the North American region for industrial application of spray dryers.

Leading players profiled in this report:

  • GEA Group AG (Germany)
  • SPX Flow Technology (U.S.)
  • Dedert Corporation (U.S.)
  • Buchi Labortechnik AG (Switzerland)
  • European Spray Dry Technology LLP (U.K.)
  • Changzhou Lemar Drying Engineering Co. Ltd. (China)
  • Shandong Shungeng Drying Equipment Co. Ltd. (China)
  • Acmefil Engineering Systems Pvt. Ltd. (India)
  • New AVM Systech Pvt. Ltd (India)
  • C.E Rogers Company (U.S.)
  • Research Coverage:

    The report segments the spray drying equipment market on the basis of equipment type, drying stage, cycle type, flow type, application, and region. In terms of insights, this research report has focused on various levels of analyses—trade analysis, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global spray drying equipment market, high-growth regions, countries, drivers, restraints, and opportunities.

    Reasons to buy this report:

  • To get a comprehensive overview of the spray drying equipment market
  • To gain wide ranging information about the top players in this industry, their service portfolios and key strategies adopted by them
  • To gain insights about the major countries/regions in which the spray drying equipment market is flourishing
  • TABLE OF CONTENTS

    1 INTRODUCTION 13

    1.1 OBJECTIVES OF THE STUDY 13

    1.2 MARKET DEFINITION 13

    1.3 MARKET SCOPE 14

    1.4 YEARS CONSIDERED FOR THE STUDY 15

    1.5 CURRENCY CONSIDERED 15

    1.6 STAKEHOLDERS 15

    2 RESEARCH METHODOLOGY 17

    2.1 RESEARCH DATA 17

    2.1.1 SECONDARY DATA 19

    2.1.1.1 Key data from secondary sources 19

    2.1.2 PRIMARY DATA 20

    2.1.2.1 Key data from primary sources 20

    2.1.2.2 Key industry insights 21

    2.1.2.3 Breakdown of primary interviews 22

    2.2 MARKET SIZE ESTIMATION 22

    2.3 MARKET BREAKDOWN & DATA TRIANGULATION 24

    2.4 RESEARCH ASSUMPTIONS & LIMITATIONS 25

    2.4.1 ASSUMPTIONS 25

    2.4.2 LIMITATIONS 25

    3 EXECUTIVE SUMMARY 26

    4 PREMIUM INSIGHTS 31

    4.1 ATTRACTIVE OPPORTUNITIES IN THE SPRAY DRYING EQUIPMENT MARKET 31

    4.2 SPRAY DRYING EQUIPMENT MARKET, BY SPRAY DRYER TYPE 32

    4.3 APAC SPRAY DRYING EQUIPMENT MARKET, BY SPRAY DRYER TYPE AND BY COUNTRY 33

    4.4 SPRAY DRYING EQUIPMENT MARKET: MAJOR COUNTRIES 34

    4.5 SPRAY DRYING EQUIPMENT MARKET, BY APPLICATION 34

    4.6 LIFE CYCLE ANALYSIS: SPRAY DRYING EQUIPMENT MARKET 35

    5 MARKET OVERVIEW 36

    5.1 INTRODUCTION 36

    5.2 EVOLUTION 36

    5.3 MARKET SEGMENTATION 37

    5.3.1 BY SPRAY DRYER TYPE 37

    5.3.2 BY DRYING STAGE 37

    5.3.3 BY CYCLE TYPE 38

    5.3.4 BY FLOW TYPE 38

    5.3.5 BY APPLICATION 38

    5.3.6 BY REGION 39

    5.4 MARKET DYNAMICS 39

    5.4.1 DRIVERS 40

    5.4.1.1 Increased demand for RTE and functional food & beverages 40

    5.4.1.2 Reduction in thermal damage caused to the product 40

    5.4.1.3 Increase in shelf life is leading to improved logistics 40

    5.4.1.4 Technological innovation in spray drying equipment 40

    5.4.2 RESTRAINTS 41

    5.4.2.1 Changes in organoleptic properties 41

    5.4.2.2 High operational costs 41

    5.4.3 OPPORTUNITIES 41

    5.4.3.1 New target market: APAC 41

    5.4.3.2 Industrial application of spray drying in food encapsulation 41

    5.4.4 CHALLENGES 42

    5.4.4.1 Infrastructural challenges in developing countries 42

    6 INDUSTRY TRENDS 43

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    Market Research Report Store

    About Market Research Report Store

    Market Research Report Store is one of the most fast-growing and professional online platforms for industry reports, market reports, and professional surveys. Our collection covers more than 100 global markets. We have cooperated with leading publishers and consultant companies to offer the best market intelligence products to our clients with instant access to our database.

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