April 18, 2024
Industrial Dryer Market

Industrial Dryer Market is Expected to be Flourished by Growing Demand for Drying Food Products

An industrial dryer refers to heavy-duty machine used for dewatering or completely drying off liquid components from materials, products, or waste. It is mainly utilized across food processing, chemical, and pharmaceutical industries for drying off a wide range of products such as grains, herbs, chemicals, tablets, granules, and more. Industrial dryers use high heat and air flow to evaporate moisture from a material. Some key product types include spray dryers, fluidized bed dryers, belt dryers, and rotary dryers. The global food processing industry has undergone rapid expansion over the past few years on the back of increased demand for processed food products. Industrial dryers are an integral part of processing of food products such as cereals, snacks, herbs & spices, meat, coffee, and milk powder. Factors such as changing lifestyles and increasing purchasing power have encouraged higher demand for dehydrated food products with long shelf life.

The global industrial dryer market is estimated to be valued at US$ 4.5 billion 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 Dynamics:
Growing demand for drying food products is one of the major drivers propelling growth of the industrial dryer market. As mentioned earlier, factors such as rising health consciousness, increasing disposable incomes, and busy lifestyles have led to greater consumption of dried and dehydrated food products globally. Additionally, drying helps in preserving perishable food products for longer duration without refrigeration, while retaining most of their nutrients. This helps address issues pertaining to food wastage and security. Another driver influencing the market growth is stringent regulations mandating reduction of moisture content in final products across industries such as pharmaceutical and chemicals. Strict norms have compelled manufacturers to opt for highly efficient industrial dryers capable of achieving desired moisture specifications. Technological advancements in drying technologies focused on minimizing energy consumption and reducing drying time will further aid expansion of the industrial dryer market during the forecast period.

Segment Analysis
The industrial dryer market can be segmented into tunnel dryers, spray dryer, fluidized bed dryers, and other dryers. Tunnel dryers dominate the market and account for over 30% of market share. Tunnel dryers are effective in drying large volumes of materials continuously with a high degree of product uniformity. They are extensively used in construction material production, mining, and agriculture.

PEST Analysis
Political: Governments across regions are supporting manufacturing sector growth via incentives and investments. This boosts demand for industrial drying equipment from cement, mining, food processing industries.

Economic: Rapid industrialization and infrastructure development especially in Asia Pacific are fueling the consumption of construction materials which require drying. Also, growing processed food consumption propels the food processing industry’s need for dryers.

Social: Rising populations are increasing demand for housing and food globally. This necessitates higher cement, minerals, grains production and processing – key application sectors for industrial dryers.

Technological: Adoption of advanced process controls and PLC systems in tunnel dryers have improved drying uniformity. Similarly, new dryer designs using hybrid heating modes and materials are delivering higher efficiencies.

Key Takeaways
The Global Industrial Dryer Market Size is expected to witness high growth over the forecast period.

Regional analysis: Asia Pacific accounts for over 40% share led by China, India, and Japan. Expanding manufacturing capacity additions for sectors like cement, food processing, fertilizers, and metals will sustain the region’s market prominence. The APAC industrial dryer market is projected to rise at a CAGR of 7.2% during the forecast period.

Key players: Key players operating in the industrial dryer market are thyssenkrupp, ANDRITZ, GEA, FLSmidth, Buhler, Carrier Vibrating Equipment, Metso Corporation. Thyssenkrupp has maintained its market position by consistently upgrading existing dryer technologies such as the K-T Energysaver for enhanced resource efficiency.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it