Spray Drying Equipment Market Analysis Report By Cycle, By Product, By Stage, By Flow, By Application And Segment Forecasts From 2019 To 2025

Industry Insights

The global spray drying equipment market size was accounted for USD 4.63 billion in 2018. It is estimated to grow at the CAGR of 6.8% over the forecasted period, from 2019 to 2025. Shifting consumer preference for fast food products and functional items along with rising focus by companies to improve shelf-life of products is projected to propel the market growth. Moreover, the product is highly used in antibiotics, enzymes, whey protein, and penicillin production which is anticipated to surge the market growth.

Spray drying is very easy to use and is utilized for drying solid feed and liquids. This process helps in producing heat-sensitive items such as egg powder, coffee powder, and milk powder. These granular and fine elements are highly used for flavoring the food products like juices and beverages in confectionery products.

In addition, this equipment is widely used across industries such as pharmaceuticals, nutraceuticals, chemicals, dairy, and food processing. Increasing applications are allowing manufacturers to develop a product that supports paste, gel, suspension, melt, and solution. However, high maintenance costs may restrain the market growth.

Toxic gas release and high energy utilization regarding the product is a major challenge for manufacturers. Thus, government authorities across the globe are focusing on using energy-efficient equipment in industrial operations. Moreover, technology advancement is encouraging companies to develop energy-efficient and innovative products. This trend is expected to create ample opportunities for market growth.

Product Insights

The spray drying equipment market is divided into fluidized, nozzle atomizer, centrifugal and rotary atomizer depending on the type of product. In 2018, nozzle atomizers dominated the market with the highest share of around 41.2% in the overall market. Nozzle atomizer is heavily used in the production of free-flowing and coarser powder. This equipment is highly recommended for attaining an optimal flow rate in drying applications.

In the pharmaceutical industry, to produce fine & granular particles and reduce moisture content, these products are necessary. Fluidized dryers are useful in food processing applications to attain optimum quality. All these key factors are anticipated to foster the need for spray drying products in the coming few years.

Stage Insights

Stages are comprised of single-stage, two-stage and multi-stage. In 2018, the two-stage segment attributed to a market share of over 40.0% in the overall market. Two-stage products have high demand from the industrial sector due to their lower production cost. This dryer is mainly used by large and medium scale companies.

The multi-stage dryer segment is anticipated to propel at the fastest CAGR from 2019 to 2025. This dryer has the ability to manage drop-in pressure before the final stage in the drying process. It also produces dust-free products with the required dispersibility. These benefits are projected to boost the demand for multi-stage dryers in large industries. Additionally, it can produce a dried powder with optimum thermal efficiency, which is also expected to surge the market growth.

Cycle Insights

In 2018, the open cycle segment led the market with the highest share of over 65.0% in the overall market. Open cycle type dryers are highly preferred due to their benefits such as the ability to produce heat-sensitive and heat-resistive products. This dryer consumes less energy to produce all sizes of products.

However, the products which are dissolved in organic solvents, which are not, dried using an open cycle type dryer as it can explode. Thus to avoid this, a closed-cycle dryer is used for drying products like dyestuffs, pigments, and carbides. In this dryer, nitrogen gas is inserted to eliminate the risk of a fire explosion. Due to these positive factors, the closed cycle dryer segment is projected to grow at a CAGR of 7.8% from 2019 to 2025.

Flow Insights

In 2018, the co-current flow segment contributed to a share of over 55.0% in the overall market. Co-current dryers have the ability to lower down the temperature by means of water vaporization. Due to this ability, these dryers are favored in the processing of high heat-sensitive products. The mixed flow dryer segment is estimated to grow at the fastest CAGR during the forecasted period. Mixed flow combines counter-current and co-current flow techniques to deliver high efficiency in the operation.

Application Insights

Application segments include pharmaceuticals & nutraceuticals, chemicals, food & dairy, and others. In 2018, the food and dairy segment led the spray drying equipment market, due to the increasing adoption of products for coffee powder, egg powder, and infant products. Moreover, supportive government initiatives across China and India are proliferating foreign direct investment in the country. This trend is expected to spur the growth of the food and dairy industry.

The chemical segment is projected to grow at the fastest CAGR over the forecasted period. The spray dryers are widely used for drying resins, polymers, and other chemical items. The growing need to adhere to environmental safety regulations in the processing of catalysts, flammable solvents, and other compounds is anticipated to bolster the product demand in the next few years.

Regional Insights

In 2018, North America attributed to a market share of over 30.0% in the overall market. It is anticipated to continue its dominance over the next few years, owing to the growing adoption of advanced technologies to improve the efficiency of the product.

Asia Pacific is projected to propel at the fastest CAGR of over 8.1% during the forecasted period. Furthermore, favorable government regulations to allow foreign investors and establish a business in the food sector are projected to contribute to market growth.

Impact of COVID-19

The COVID-19 outbreak has affected the supply chain of raw materials required for manufacturing drying equipment. International travel restrictions have set limits on trade & shipping activities. However, this impact is projected to remain for the short term.

Post lockdown in many countries; key players operating in the market have re-opened their manufacturing facilities. However, fluctuation in demand has impacted the overall sales. Several companies have started offering on-site customer support, and virtual services under government regulation. For instance, SPX FLOW, Inc. has introduced a virtual service platform to meet customer needs. Thus, the market is expected to grow at a steady rate post-COVID-19 period.

Spray Drying Equipment Market Share Insights

Leading players in the market include Larsson Starch Technology AB; GEA Group AG; SPX FLOW, Inc.; Hemraj Enterprises, Dedert Corporation; Yamato Scientific America, Inc.; BÜCHI Labortechnik AG; New AVM Systech Pvt. Ltd.; Swenson Technology, Inc.; Shandong Tianli Drying Technology and Equipment Co., Ltd.; Saka Engineering Systems Private Ltd.; and Tetra Pak International S.A.

Manufacturers are focusing on expanding their reach across the globe. For example, Dedert Corporation has introduced a spray dryer in the Indonesian market. Moreover, the company has installed its equipment in the plant of Archer Daniels company in China.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global spray drying equipment market report on the basis of product, stage, cycle, flow, application, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2025)
    • Rotary Atomizer
    • Nozzle Atomizer
    • Fluidized
    • Centrifugal

• Stage Outlook (Revenue, USD Million, 2015 - 2025)
    • Single-Stage
    • Two-Stage
    • Multi-Stage

• Cycle Outlook (Revenue, USD Million, 2015 - 2025)
    • Open
    • Closed

• Flow Outlook (Revenue, USD Million, 2015 - 2025)
    • Co-Current
    • Counter-Current
    • Mixed Flow

• Application Outlook (Revenue, USD Million, 2015 - 2025)
    • Food & Dairy
    • Pharmaceuticals & nutraceuticals
    • Chemical
    • Others

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • U.K.
        • Germany
        • France
        • Spain
        • Italy
    • the Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Australia
    • South America
        • Brazil
        • Argentina
    • Middle East & Africa (MEA)