Global Spray Drying Equipment Market - 2022-2029

Global Spray Drying Equipment Market - 2022-2029

Market Overview

Spray drying equipment market was valued at USD XX million in 2021. It is forecasted to reach USD XX million by 2029, growing at a CAGR of 8.3% during the forecast period (2022-2029).

Spray drying is a well-known method for creating particles that involves using a gaseous hot drying solution to transform a liquid substance into dried particles. For the production of medical equipment, this method offers clear advantages. The production of microspheres and microcapsules are very common for use in medication delivery systems. The demand for functional and ready-to-eat (RTE) foods is predicted to expand throughout the forecast period. Food manufacturing businesses are focusing on creating products with longer shelf life. During the forecast period, the market is anticipated to be driven by growing product usage in the pharmaceutical and nutraceutical sectors in producing enzymes, whey proteins, antibiotics, penicillin, and other substances.

Market Dynamics:

Significant growth in the demand for dry powder form coupled with various industries

The demand for the powder drying processes in the various industries primarily drives the market growth. The spray drying equipment is a special machine that uses spray drying to produce dry powder from a liquid or slurry by rapidly drying with hot gas. Compared to other industrial drying processes, spray drying is the most popular and simple drying method used for drying any liquid or semi-solid feed. In addition, it has a variety of uses in the food, medicinal, and industrial sectors. It is used in the pharmaceutical industry because it is used for additives, medical chemicals, and antibiotics. Industrial uses for it include catalytic supports, ceramic materials, and paint pigments. Additionally, it is the most practical way to make items sensitive to heat, such as fruit powder, milk powder, egg powder, and coffee powder. It assists in producing fine and granular dry powder particles that can be utilized as flavorings in culinary items, drinks, and bakery goods. As a result, the food processing, dairy, pharmaceutical, nutraceutical, and chemical industries adopt spray dryers extensively. This equipment drives developers to create equipment that supports various feedstock types, including a solution, paste, gel, slurry, suspension, and melt. These all lead to positive market growth.

However, high installation process and maintenance costs and a shortage of engineers with the required skills could restrain the market expansion.

Market Segmentation:

Nozzle Atomizer segment for the highest share in global spray drying equipment market

The segment is attributed to the widespread use of equipment with nozzle atomizers to create coarser, free-flowing powders. Furthermore, to provide a variety of flow rates, nozzle atomizer dryers can also be utilized in conjunction with various nozzle installations. These are, therefore, the best option for applications that call for the generation of adjustable particle sizes and appropriate flow rates.

On the other hand, the usage of fluidized dryers is anticipated to increase during the forecast period due to the growing demand to reduce moisture content when processing pharmaceutical items and to produce the best quality and fine granular particles when processing food products.

In 2021, the food & dairy segment had the highest revenue share of more than XX percent. The market segment is attributed to the significant adoption of machinery for making powder products, egg powder, and coffee powder. Additionally, the expansion of Foreign Direct Investment (FDI) limitations for the food processing sector by governments in emerging economies like China and India is encouraging corporations in the dairy sector to build processing facilities in these nations.

Geographical Penetration:

North America is the dominating region during the forecast period

In 2021, North America had the highest revenue share of almost XX percent. The region attributed owning to significant companies' swift adoption of new and developing technologies to boost overall efficiency and guarantee the highest possible product quality.

The expanded use of this technology was also influenced by improved R&D skills across various industries in the United States, including the pharmaceutical and nutraceutical sectors.

The Asia Pacific is predicted to have the fastest-growing regional market during the forecast period due to shifting dietary choices and rising disposable income levels. The market will also be boosted by the advantageous laws by various governments to entice foreign investors to build dairy and food production facilities in the area.

Competitive Landscape:

The global spray drying equipment market is fragmented due to the existence of a wide variety of producers competing in both domestic and international markets. It is defined by a substantial global consumer base, with businesses operating through specialized distribution networks. Prominent players in the spray drying equipment market include Shandong Tianli Energy Co., Ltd, Büchi Labortechnik AG, Yamato Scientific America, Inc., Tetra Pak International S.A., Dedert Corporation, Swenson Technology, Inc., SPX FLOW, Inc., GEA Group AG, Saka Engineering Systems Private Limited, Changzhou Lemar Drying Engineering Co. Ltd. among others. Major companies concentrate on increasing their geographic reach in developing nations. For example, Büchi Labortechnik AG has launched the Mini Spray Dryer S-300 in June 2022.These spray drying devices belong to a new generation. The newest tool offers unparalleled productivity, reproducibility, and safety during spray drying by fusing revolutionary automation capabilities with innovative system design. The Mini Spray Dryer S-300 has been thoughtfully created to utilize the operator's time as effectively as possible. The Mini Spray Dryer S-300's innovative Auto Mode offers a completely automated spray drying procedure, freeing up time for other tasks.

COVID-19 Impact:

Negative impact on the global spray drying equipment market

The spray drying equipment market witnessed a sharp decline in sales volume owing to the global lockdowns and trade restrictions imposed by various countries. For most of 2020, the manufacturing sector remained shut down or operated with a lower workforce and decreased production. Additionally, the drop in market value in 2020 is also induced by disruptions in logistics and transportation.

On the other hand, pharmaceutical spray dryers produce powder by dispersing liquids into an area with a drying medium using an atomizer or spray nozzle. The method is most frequently used to produce active medicinal compounds (APIs). Thus, the market is expanding due to the number of desirable qualities being provided, such as increased bioavailability, zero contamination, hygienic settings, and pressure control, which are perfect for medication created during the COVID-19 pandemic.

The global spray drying equipment market report would provide an access to approximately 77 market data tables, 73 figures and 170 pages