Spray Dryer Market Dynamics 2017: Opportunities, Risks and Driving Factors to 2025
According to a new report published by Reports Monitor titled, “Spray Dryer Market by type, by mode of operation, by operating principle and by end user: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the spray dryer market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. North America dominates the spray dryer market, in terms of value, and is expected to maintain this trend throughout the forecast period.
Spray dryer is equipment which uses hot gas to convert solute liquid into dry powder and solvent get vaporized, it is a preferred method of drying for many thermally sensitive products.
Rising demand for functional food and beverages results in increasing use of spray dryer this helps to the growth of the market.
Increasing shelf life of material due to spray drying is one of the technological factors enhancing growth of the market.
Changing lifestyle led to the rising demand of the dairy product in powder form such as milk powder this brings demand for the spray dryers.
Technological advancement in spray dryer result in less energy consumption and drying efficiency helps to creates opportunity for the market.
Higher maintenance and operating cost are some of the challenges to the spray dryer market.
Sometimes spray drying led to the product adulteration such as change in taste and smells can restraints the growth of the market.
• Atomizer contributes higher market share as it is used for heat sensitive food products.
• In segmentation by mode of operation, continuous segment is dominates the market.
• Food & pharmaceutical industry is accounted for major contributor in terms of revenue in spray dryer market.
• North America dominates the spray dryer market on the other hand Asia-Pacific is expecting to grow at higher rate.
The major companies profiled in the report include Acmefil Engineering Systems Pvt. Ltd., C.E. Rogers Company, Changzhou Lemar Drying, Engineering Co. Ltd., Dedert Corporation, European Spraydry Technologies LLP, New, AVM Systech Pvt. Ltd., Ohkawara Kakohki Co., Ltd., PRECI Co., Ltd. and Shandong Shungeng Drying Equipment Co., Ltd.
About Garner Insights:
We at Garner Insights.com provide a comprehensive analysis by providing in-depth reports of the various market verticals. Our Mission is to provide a detailed analysis of the vast markets worldwide backed by rich data. Decision makers can now rely on our well-defined data gathering methods to get the correct and accurate market forecasting along with detailed analysis.