Industrial dryers are used widely in various industries for drying or dehydrating materials, commodities, and products. These drying technologies provide advantages such as reduced energy consumption, enhanced product quality, and increased production output.
The global Industrial Dryer Market is estimated to be valued at Us$ 1.37 Bn in 2023 and is expected to exhibit a CAGR Of 6.1% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Advances in drying technologies have accelerated growth of the industrial dryer market. Manufacturers are focusing on developing energy-efficient and high-performance industrial dryers. For instance, spray dryer technology utilizes hot air to produce dry particles and offer significant advantages over drum and tower dryers such as reduced energy consumption. Similarly, fluidized bed dryers enable uniform drying, minimize caking and over-drying, and consume 30% less energy than conventional dryers. Rising adoption of these advanced drying solutions across industries like food, pharmaceutical, chemicals, and paper is expected to continue driving the industrial dryer market during the forecast period.
Segment Analysis
The global Industrial Dryer market is dominated by rotary dryers segment, accounting for over 40% share in 2023. Rotary dryers are extensively used for drying large volumes of materials continuously at high temperatures. Their large drum with perforated walls ensures efficient heat transfer and uniform drying. Agitated air flow and tumbling action inside the drum makes rotary dryers ideal for drying fibrous, granular or particulate products without manual intervention.
Key Takeaways
The Global Industrial Dryer Market Demand is estimated to be valued at US$ 1.37 Bn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030.
Regional analysis:
Asia Pacific region is expected to dominate the Industrial Dryer market during the forecast period. Growth in various end-use industries such as food processing, rubber and plastic, ceramic and cement in economies like China and India is driving the demand for industrial dryers in the region.
Key players:
Key players operating in the Industrial Dryer market are PepsiCo, Inc., Nestle SA, The Coca-Cola Company, Groupe Danone, Abbott Laboratories, Bernard Food Industries, Inc, Zydus Wellness Ltd., Dr. Pepper Snapple Group Inc., McNeil Nutritionals LLC, Cargill, Incorporated, and Ajinomoto Co., Inc. The global Industrial Dryer market is highly competitive with presence of numerous global and regional players. Major players are focusing on new product launches and expanding their manufacturing facilities to strengthen market presence.
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