Global Spray Drying Equipment Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

The spray drying equipment market consists of sales of spray dryers and related equipment by entities (organizations, sole traders, and partnerships) that are engaged in the production of different types of spray dryers for different industries. Spray drying is a way of quickly drying a liquid or slurry into a dry powder with a hot flame. Spray drying equipment is widely used in foods, pharmaceuticals, plastic resins, ceramics, and the chemical industry.

Global Spray Drying Equipment Market Size And Drivers:

The global spray drying equipment market is expected to grow from $4.35 billion in 2020 to $4.81 billion in 2021 at a compound annual growth rate (CAGR) of 10.58%. The growth is mainly due to increase in ready-to-eat food products, high consumption of processed food and increasing technological advancements in the market. The spray drying equipment market is expected to reach $6.44 billion in 2025 at a CAGR of 7.58%. 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.

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Trends In The Global Spray Drying Equipment Market

Increasing collaborations between companies is a key trend gaining popularity in the spray drying equipment market. Major companies are collaborating for advancing product performance, increasing production capabilities, expanding market share and developing new products. For instance, in March 2021, Sweden based Tetra Pak announced partnership Rockwell Automation based in US to advance performance for powder manufacturers starting with evaporation and spray drying.

Global Spray Drying Equipment Market Segments:
The global spray drying equipment market is further segmented based on product type, flow type, application and geography.
By Product Type: Rotary Atomizers, Nozzle Atomizers, Fluidized, Centrifugal, Others
By Flow Type: Co-current, Counter Current, Mixed
By Application: Food, Chemical, Pharmaceutical, Other Applications
By Geography: The global spray drying equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the spray drying equipment market in 2020.

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Spray Drying Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides spray drying equipment market overviews, analyzes and forecasts market size and growth for the global spray drying equipment market, spray drying equipment market share, spray drying equipment market players, spray drying equipment market segments and geographies, spray drying equipment market’s leading competitors’ revenues, profiles and market shares. The spray drying equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.