Overview and Scope
Spray drying is a way of quickly drying a liquid or slurry into a dry powder with a hot flame. Spray drying equipment is widely used in foods, pharmaceuticals, plastic resins, ceramics, and the chemical industry.
Sizing and Forecast
The spray drying equipment market size has grown strongly in recent years. It will grow from <b>$5.85 billion in 2023 to $6.35 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. </b> The growth in the historic period can be attributed to rapid rate of urbanization, growing demand for processed food products, growing pharmaceutical, food, and chemical industries, chemical industry applications, altering lifestyle and rising domestic income.
The spray drying equipment market size is expected to see strong growth in the next few years. It will grow to <b>$8.88 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. </b> The growth in the forecast period can be attributed to environmental regulations, increase research and development, emerging markets, specialty chemicals and advanced materials, growing population. Major trends in the forecast period include industry 4.0 integration, hybrid drying technologies, customized and modular solutions, biotechnology advancements, energy efficiency.
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Segmentation & Regional Insights
The spray drying equipment market covered in this report is segmented –
1) By Product Type: Rotary Atomizers, Nozzle Atomizers, Fluidized, Centrifugal, Other Product Types
2) By Flow Type: Co-current, Counter Current, Mixed
3) By Application: Food, Chemical, Pharmaceutical, Other Applications
<b>North America</b> was the largest region in the spray drying equipment market in 2023. <b>Asia-Pacific</b> is expected to record the fastest growth over the spray drying equipment market share during the forecast period. The regions covered in the spray drying equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
An increase in the consumption of processed and ready-to-eat (RTE) foods is expected to propel the growth of the spray drying equipment market during the forecast period. Spray drying technologies are becoming increasingly common with packaged food producers. For instance, according to Press Information Bureau, an India-based government agency, in comparison to 2020-21 (April-October), India’s exports of ready-to-eat foods increase by 24% to $ 394 million in 2021–22 (April–October). Thus, with spray drying being used by manufacturers of ready-to-eat (RTE) foods, the increase in their consumption is expected to boost the growth of the spray drying equipment market.
Key Industry Players
Major companies operating in the spray drying equipment market include <b> GEA Group AG, SPX Flow Inc., Shandong Tianli Drying Technology & Equipment Co. Ltd., Buchi Labortechnik AG, European SprayDry Technologies LLP, Dedert Corporation, Acmefil Engineering Systems Pvt. Ltd., Yamato Scientific America Inc., Swenson Technology Inc., Tetra Pak International S.A., Saka Engineering Systems Private Ltd., Shandong Shungeng Drying Equipment Co. Ltd., G. Larsson Starch Technology AB, Hemraj Enterprises, New AVM Systech Pvt. Ltd., C. E. Rogers Company, Changzhou Lemar Drying Engineering Co. Ltd., Dürr Systems Inc., SiccaDania Group, Advanced Drying Systems, Labplant, AVM Systech, Pilotech, Changzhou Ruide Drying Engineering Technology Co. Ltd. </b>
The spray drying equipment market report table of contents includes:
1. Executive Summary
2. Spray Drying Equipment Market Characteristics
3. Spray Drying Equipment Market Trends And Strategies
4. Spray Drying Equipment Market – Macro Economic Scenario
5. Global Spray Drying Equipment Market Size and Growth
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26. South America Spray Drying Equipment Market
27. Brazil Spray Drying Equipment Market
28. Middle East Spray Drying Equipment Market
29. Africa Spray Drying Equipment Market
30. Spray Drying Equipment Market Competitive Landscape And Company Profiles
Top Major Players:
- GEA Group AG
- SPX Flow Inc.
- Shandong Tianli Drying Technology & Equipment Co. Ltd
- Buchi Labortechnik AG
- European SprayDry Technologies LLP
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