Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 5.56 Billion | USD 9.39 Billion | CAGR at 6.00% | 2023 |
According to the report published by Zion Market Research, the global Spray Drying Equipment Market size was valued at USD 5.56 Billion in 2023 and is predicted to reach USD 9.39 Billion by the end of 2032. The market is expected to grow with a CAGR of 6.00% during the forecast period. The report analyzes the global Spray Drying Equipment Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Spray Drying Equipment Market industry.
Spray drying equipment is a device that is particularly used for the spray drying which helps in converting the substance that is originally in the liquid form to dry powder form with the help of hot gas. Spray drying uses the process of evaporation in order to produce dry powders. Various types of spray drying equipment that is available include rotary atomizer, fluidized, nozzle atomizer, centrifugal and closed loop and mini dryers.
The market for the spray drying equipment is globally fragmented into drying stage, equipment types, and application.
Depending on the drying stage, the global market is segregated into single, two, and multiple stage. It is the two stage segment that is holding the major market share.
Depending on the equipment type, the market is categorized into nozzle atomizer, closed loop, fluidized, centrifugal, and others. The nozzle atomizer segment is leading the global spray drying equipment.
Depending on the applications, the market is divided into pharmaceutical, food, ceramic material, fertilizer, chemical, and feed. In the application segment, the food industry has the maximum market share owing to the increasing demand for the ready-to-eat foods and functional foods.
The global spray drying equipment market will witness a significant market growth in the coming years. The factors that are contributing to the growth of the spray drying equipment market are the reduction in the product from getting thermal destruction, industrial development that is made in the spray drying products, increase in the demand for ready to eat foods and the functional food & beverages, and rise in the demand for the products that have longer shelf life. The spray drying equipment has high operational costs which are the major challenge for the spray drying equipment market and the variations in the organoleptic properties affect the profit margins of spray drying equipment market.
Report Attributes | Report Details |
---|---|
Report Name | Spray Drying Equipment Market Research Report |
Market Size in 2023 | USD 5.56 Billion |
Market Forecast in 2032 | USD 9.39 Billion |
Growth Rate | CAGR of 6.00% |
Number of Pages | 196 |
Key Companies Covered | Buchi Labortechnik AG, Acmefil Engineering Systems Pvt. Ltd., S P X Flow Technology Danmark A/S, GEA Group AG, New AVM Systech Pvt. Ltd., C.E. Rogers Company, Changzhou Lemar Drying Engineering Co. Ltd., European Spraydry Technologies Llp, Dedert Corporation, and others. |
Segments Covered | By Drying stage, By Equipment types, By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global spray drying equipment market is regionally diversified into Eastern Europe, Latin America, Western Europe, the Middle East & Africa, North America, and Asia Pacific. In terms of revenue, the global spray drying equipment market is lead by the North America. But in the coming years, Asia Pacific region will experience a rapid growth in the market owing to the growing health awareness among the consumers which potentially increases the pharmaceutical and food & beverages market. In the U.S. and Canada, there is an increased demand for the milk substitutes and the powdered forms of the dairy where the spray drying equipment is an essential element.
The key market players that are involved in the spray drying equipment market include:
By Drying stage
By Equipment types
By Application
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