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(Construction.IndustryNews247.Com, January 14, 2019 ) According to the new market research report “Industrial Dryers Market by Product (Direct, Indirect, Specialty), Type (Rotary, Fluidized Bed, Spray), Application (Food, Pharmaceutical, Fertilizer, Chemicals, Cement), and Region - Global Forecast to 2026”, published by MarketsandMarkets™, the global industrial dryers market was valued at USD 4.00 Billion in 2015 and is projected to reach USD 6.37 Billion by 2026, at a CAGR of 4.3% from 2016 to 2026.
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Increasing demand of industrial dryers from the food, pharmaceutical, chemicals, fertilizer, cement, minerals, and paper & pulp industries is projected to drive the growth of the market in the near future.
Fluidized bed dryers is the fastest-growing type segment of the global industrial dryers market
The fluidized bed dryers segment is projected to be the fastest-growing segment in the industrial dryers market, by type, from 2016 to 2026. This growth can be mainly attributed to the growth in demand for fluidized bed dryers from different application industries such as food and pharmaceuticals. Fluidized bed dryers are cost as well as energy efficient.
Pharmaceuticals industry is the fastest-growing application segment of the global industrial dryers market
The pharmaceuticals segment is projected to be the fastest-growing application segment from 2016 to 2026. This growth can be attributed to the increased demand for industrial dryers in pharmaceuticals industry. The pharmaceuticals industry uses industrial dryers to remove liquids or moisture from bulk solids, powders, or other liquids by evaporation or sublimation.
Browse and in-depth TOC on “Industrial Dryers Market”
72 - Tables
42 - Figures
148 - Pages
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The Asia-Pacific region was the largest market for industrial dryers in 2015
The Asia-Pacific region was the largest industrial dryers market in 2015 owing to the rise in demand for industrial dryers in this region from the end-use industries such as food, pharmaceutical, chemicals, fertilizer, cement, minerals, and paper & pulp in the region. China, India, and Japan are the leading countries in terms of consumption of industrial dryers in the Asia-Pacific region. The easy availability of raw material and labor and the increase in demand from end-use industries is projected to drive the growth of the industrial dryers market in these countries.
Key players operational in the industrial dryers market include ThyssenKrupp AG (Germany), Andritz AG (Austria), GEA Group (Germany), Metso Corporation (Finland), FLSmidth & Co. A/S (Denmark), Buhler Holding AG (Switzerland), ANIVI Ingeniería SA (Spain), Carrier Vibrating Equipment, Inc. (U.S.), COMESSA (France), and Mitchell Dryers Ltd. (U.K.).
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About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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