According to the current analysis
of Reports and Data, the global Spray
Drying Equipment market was valued at USD 4.26 Billion in 2018 and is
expected to reach USD 7.4 Billion by year 2026, at a CAGR of 7.1% The study
covers the different equipment used for spray drying, its applications and the
demand and supply trends. Spray drying is technique used to convert liquid
molecules into solid powder form with the help of gaseous hot-drying medium.
This equipment is finds its application by the liquid to be converted into
powder is sprayed into a hot-chamber, which falls down in the form of fine
powder particles. This dry powder consists of low density and is extensively
used in pharmaceutical and food industry, for example, milk powder. This
technique is gaining popularity owing to its properties like consistent
particle size distribution, which is of high importance for several products
like the catalyst. The development and expansion of chemical industry is
expected to drive the global industry. Owing to the precision and ease provided
by the technique is employed in various applications such as in manufacture of
chemical fertilizers. On account of high investment in agricultural sector,
favorable government policies, introduction of new hi-tech seeds and need for
increased productivity has led to an increase in the usage and demand for
fertilizers. This is eventually expected to drive the industry during the
forecasted period. Apart from chemical industry, this technique is also widely
used in food industry. For example, spray drying technique is used for
encapsulation of food ingredients, flavors and nutrients. However, the
technology has huge potential which is beyond mere dehydration. Some of the
additional benefits provided by the equipment are enhanced dissolvability,
better flow properties and non-dusty powders.
Wide range of applicability,
increase in demand for processed food products, growing agricultural sector,
expansion of food industry, increase in geriatric population, and high demand
for pharmaceutical products are some of the factors driving the market growth
of spray drying equipment. However, high installation and operational cost,
high thermal energy consumption, high emission of toxic gases and strict
government regulation regarding the environmental concerns are the major
factors hindering the market growth during 2019-2026.
To identify the key trends in
the industry, click on the link below:
Further key findings from
the report suggest
- The Equipment market is growing at a CAGR of 6% in
Asia Pacific followed by North America and Europe, with 7.1 % and 6.9%
CAGR, respectively. Increased adoption of new technology by the food and
pharmaceutical companies is the significant factor to accelerate the
industry growth during forecast period across all regions
- As of 2018, Nozzle Atomizer is the dominating which
holds 35.5% of the global share. North American region is the chief
revenue generating source for this product segment, followed by
Asia-Pacific and European regions.
- Some of the strategies adopted by the manufacturers
include partnership, expansion, new product launch and mergers &
acquisitions in order to increase the market share. For example, European
SprayDry Technologies started a new plant in U.K., especially designed to
dry a wide range of dairy products while providing maximum flexibility for
drying of various products.
- Apart from food and pharmaceutical industry, the
equipment have a wide range of applicability across other industries
including detergent industry, ceramic industry, dye & pigments
industry and polymers & resins industry.
- Fluidized method is used extensively in food industry
for producing minute and high quality powders from milk products, food
colors, vegetable proteins, soup mixes and edible enzymes.
- Increase in investments is expected to raise the
demand for spray drying equipment in the coming years. For instance In
September 18 2018, Thermo Fisher Scientific announced an investment of USD
30 million to expand their spray drying capabilities.
- Moreover, increased in international trading
activities related to food products is expected to propel the industry
growth during the forecast period. For example, GEA along with its partner
Fonterra announced the installation of world’s second largest plant in
Fonterra plant in New Zealand. Fonterra will export the premium milk
powder produces from the new plant to international markets in China and
South-East Asia.
- Asia Pacific is expected to account for the 29.5% of
the market, developing nations such China and India are also likely to
witness high growth.
- Key participants include GEA (Germany), SPX FLOW
(US), Dedert Corporation (US), Buchi Labortechnik (Switzerland), European
Spraydry Technologies (UK), Changzhou Lemar Drying Engineering Co. Ltd.
(China), Shandong Tianli Drying Technology and Equipment (China), Acmefil
(India), New AVM Systech (India), C. E. Rogers (US), Advanced Drying
System (India), and Labplant (UK).
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