The Spray Drying Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Spray Drying Equipment Global Market Report 2024, The spray drying equipment market size has grown strongly in recent years. It will grow from $5.85 billion in 2023 to $6.35 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. 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 $8.88 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. 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.
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.
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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
Major companies operating in the spray drying equipment market are developing innovative products such as Mini Spray Dryer to meet the growing demand for spray drying A mini spray dryer is a compact and versatile laboratory instrument used to convert liquid samples into dry powder form through the process of spray drying. For instance, in June 2022 BÜCHI Labortechnik, a Switzerland-based machinery manufacturer announced the launch of the Mini Spray Dryer S-300, which is a new generation of spray drying systems. The apparatus is designed for automatic control of various parameters, including spray gas, drying gas, and pump speed. Additionally, it keeps a vigilant watch on both the temperature of the product being produced and the temperature at the outlet, all in the interest of safeguarding heat-sensitive samples.
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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31. Global Spray Drying Equipment Market Competitive Benchmarking
32. Global Spray Drying Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Spray Drying Equipment Market
34. Spray Drying Equipment Market Future Outlook and Potential Analysis
35. Appendix
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Market Size – USD 4.26 Billion in 2018, Market Growth - CAGR of 7.1%, Market Trends – Frequent Product launch and more investment in R for advanced Spray Drying EquipmentThe Global Spray Drying Equipment Market report draws accurate insights by examining the latest and prospective industry trends, helping the readers recognize the products and services that are boosting revenue growth and profitability.
The study performs a detailed analysis of all the significant factors impacting the market on a global and regional scale, including drivers, constraints, threats, challenges, prospects, and industry-specific trends.
Additionally, the report cites worldwide certainties and endorsements, along with a downstream and upstream evaluation of leading participants.Avail the inside scoop of the Sample report @ https://www.reportsanddata.com/sample-enquiry-form/2035The Spray Drying Equipment market analysis is intended to provide all participants and vendors with pertinent specifics about growth aspects, roadblocks, threats, and lucrative business opportunities that the market is anticipated to reveal in the coming years.
This intelligence study also encompasses the revenue share, market size, production capacity, and rate of consumption to draw insights pertaining to the rivalry to gain control of a large portion of the market share.Key participants: 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).For the purpose of this report, Reports and Data has segmented the Spray Drying Equipment market on the basis of type, stage type, flow type, cycle, application and region:Type (Revenue, USD Million; 2016–2026)NozzleRotary AtomizerFluidizedCentrifugalOthersStage Type (Revenue, USD Million; 2016–2026)Single-StageTwo-StageMulti-StageFlow Type (Revenue, USD Million; 2016–2026)Co-CurrentCounter-CurrentMixed-FlowCycle (Revenue, USD Million; 2016–2026)OpenClosedApplication Type (Revenue, USD Million; 2016–2026)FoodPharmaceuticalChemicalsFeedOthersRegional Outlook (Revenue in USD Million; 2016–2026)North AmericaEuropeAsia PacificMiddle East & AfricaLatin AmericaAny Query or Discount?
Ask our Expert @ https://www.reportsanddata.com/discount-enquiry-form/2035Competitive landscapeThe Spray Drying Equipment Industry is extremely competitive and consolidated because of the existence of several established companies that are adopting different marketing strategies in order to increase their market share.
The vendors are gradually expanding their focus on product personalization by way of customer interaction.Points Covered in The Report:The pivotal aspects considered in the Global Spray Drying Equipment Market report consist of the leading competitors functioning in the global sector.The report also encompasses company profiles prominently positioned in the global market.The production, sales, corporate strategies, and the technological capabilities of leading manufacturers are also contained within the report.The driving factors for the growth of the Global Spray Drying Equipment Market are explained exhaustively, along with an in-depth account of the end-users in the industry.The report also explains critical application areas of the global sector, curating an accurate description of the market to the readers/users.The report undertakes a SWOT analysis of the market.
