Spray Drying Equipment Market Is Predicted To Reach USD 5.92 Billion With A CAGR Of 7.1% According To Market Data Forecast Report”0

Spray Drying Equipment Market Is Predicted To Reach USD 5.92 Billion With A CAGR Of 7.1% According To Market Data Forecast Report”0

ID: 7724 | October 2018 | Region: Global

Spray Drying Equipment Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Spray Drying Equipment Market is estimated to be USD 4.2 billion in 2016 and predicted to rise to USD 5.92 billion by 2021 with a CAGR of 7.1%. The market is segmented by Type (Rotary Atomizer, Nozzle Atomizer, Fluidized, Closed Loop, and Centrifugal), Application (Food, Pharmaceutical, and Chemical), Drying Stage, Cycle Type, and Flow Type. Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

This demand for this market is very closely linked with the demand for processed food and related products. Investments and technological advancements are the primary drivers of this market. Stable GDP and rising awareness among the consumers are other secondary factors driving the growth of this market.

Spray drying though advantageous adversely affects the organoleptic properties such as the taste and color of the particular food product if its operation is not properly handled which is the primary restraint of this market. Moreover, its operational cost is very high because of high consumption of thermal energy by the equipment which is the secondary restraint in the growth of this market.

The global Spray Drying Equipment can be categorized into five categories: by equipment type, by driving stage, by cycle type, by flow type and by application. If we go by equipment type, Spray Drying Equipment is segmented into Rotary atomizer, Nozzle atomizer, Fluidized, Closed loop, Centrifugal, and others. If we go by driving stage then the market is categorized into single-stage, two stage and multi stage. On the basis of cycle type the market is segmented into open and closed. If we go by flow type the market is segmented into co-current, counter current and mixed. On the basis of application the market is categorized into food, chemicals, pharmaceuticals and others. Spray drying has the potential to undergo growth in the future. 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 which might be the reason for the projected growth in the aforementioned forecast period. The chemicals category is estimated to be the fastest growing segment during the aforementioned forecast period because of the increase in demand for plastic resins and other polymers that will fuel the spray drying equipment market.

By geography, the global Spray Drying Equipment has been categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Presently, North America accounts for the largest market and Asia-Pacific has the highest CAGR.

Major companies in the Spray Drying Equipment are GEA Group AG (Germany), SPX Flow Technology (U.S.), Buchi Labortechnik AG (Switzerland), Dedert Corporation (U.S.) and European Spray Dry Technologies 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), and C.E. Rogers Company (U.S.).

Browse through the full report at https://www.marketdataforecast.com/market-reports/spray-drying-equipment-market-7714/

and checkout our recent reports in the Food and Beverages category at https://www.marketdataforecast.com/category/food-and-beverages-3/

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