Industrial Dryers Market Forecasts to 2030 – Global Analysis By Product Type (Fluidized Bed Dryer, Continuous, Rotary Dryer, Spray Dryer, Flash Dryer and Other Product Types), Type (Direct, Indirect and Specialty), Application and By Geography

Industrial Dryers Market Forecasts to 2030 – Global Analysis By Product Type (Fluidized Bed Dryer, Continuous, Rotary Dryer, Spray Dryer, Flash Dryer and Other Product Types), Type (Direct, Indirect and Specialty), Application and By GeographyAccording to Stratistics MRC, the Global Industrial Dryers Market is accounted for $7.02 billion in 2023 and is expected to reach $11.50 billion by 2030 growing at a CAGR of 7.3% during the forecast period. The material is shielded from moisture and humidity while being manufactured or stored using industrial dryers. Direct dryers and inert gas dryers are the two types of dryers that operate. Hot fluid is circulated through a jacket-topped packed container containing the product in indirect dryers, which operate as batch operations. Pharmaceuticals, food, chemicals, mining & minerals, construction, and other industries can all benefit from industrial dryers.

According to Pharmaceutical Research and Manufacturers of America, over 750 orphan drugs were approved in the U.S. in 2018, compared to over 600 in 2017

Market Dynamics:

Driver:

Use of dryers in the agriculture sector

Agriculture plays a vital role in feeding the world's growing population, and the need for efficient post-harvest processing and preservation of crops is crucial to reduce food wastage and ensure food security. Industrial dryers are essential tools for farmers and food processors as they enable the rapid removal of moisture from harvested crops, grains, fruits, and vegetables, thereby preventing spoilage and extending shelf life. By using dryers, agricultural stakeholders can mitigate the risks associated with weather-dependent drying methods and maintain product quality and nutritional value.

Restraint:

High operational cost and uses cost

The Industrial Dryers Market faces restraint due to high operational costs and usage expenses. These dryers are often energy-intensive, leading to significant operational expenditures for industries relying on them for various applications, such as drying, heating, and processing. The substantial energy consumption not only contributes to higher utility bills but also raises concerns about environmental impact, in line with increasing sustainability demands. Moreover, the maintenance and servicing costs of industrial dryers can be substantial, especially for larger and more complex systems.

Opportunity:

Rising food industry demands dryers

Industrial dryers play a crucial role in food processing by removing moisture from various food items, thereby extending their shelf life and ensuring product quality. With consumers increasingly seeking convenience and ready-to-eat options, the food industry requires efficient and reliable drying solutions to meet the growing demand for processed foods. Moreover, advancements in drying technologies have led to the development of specialized dryers that cater to specific food types, enhancing overall efficiency and product output. As the food industry expands, industrial dryer manufacturers have the chance to capitalize on this opportunity by offering innovative, cost-effective, and high-capacity drying solutions, thus establishing a strong foothold in the market and catering to the evolving needs of the food processing sector.

Threat:

Strict government rules regarding environmental concern

As governments worldwide intensify their focus on sustainability and environmental protection, industries are facing stringent regulations to reduce greenhouse gas emissions and minimize their carbon footprint. Industrial dryers, which are widely used in various sectors such as food processing, pharmaceuticals, chemicals, and manufacturing, often consume substantial amounts of energy and release harmful emissions. Compliance with these evolving environmental regulations requires manufacturers to invest in eco-friendly and energy-efficient dryer technologies, which may result in higher production costs.

Covid-19 Impact:

The Covid-19 pandemic has had a mixed impact on the Industrial Dryers Market. During the initial phases of the pandemic, many industries faced disruptions in their operations due to lockdowns and restrictions, leading to a temporary decline in the demand for industrial dryers. Sectors like manufacturing, automotive, and construction witnessed reduced activities, which directly affected the need for drying equipment. However, the food and pharmaceutical industries, deemed essential, experienced an increased demand for dried and processed products, contributing to the market's stability.

The fluidized bed dryer segment is expected to be the largest during the forecast period

The fluidized bed dryer segment held the largest share in the market owing to the increasing demand of the fluidized bed dryer the market, which is widely recognized for its efficiency and versatility. This dryer operates by passing hot air through a bed of solid particles, causing them to behave like a fluid, hence the term ""fluidized."" The fluidization process ensures uniform heat distribution and efficient moisture removal, making it ideal for drying various materials, including granules, powders, and even certain pastes. Its ability to handle heat-sensitive materials and provide gentle drying makes it popular in industries such as pharmaceuticals, food processing, and chemicals.

The pharmaceutical segment is expected to have the highest CAGR during the forecast period

During the projection period, the pharmaceutical segment is expected to have the greatest CAGR. The pharmaceutical industry holds a significant position in the market, utilizing drying technology for various critical processes. Pharmaceutical manufacturers heavily rely on industrial dryers for the drying and processing of active pharmaceutical ingredients (APIs), excipients, and other intermediate products. The stringent requirements of the pharmaceutical sector demand precise and controlled drying conditions to maintain the integrity and quality of drugs. Industrial dryers, such as vacuum dryers, freeze dryers, and spray dryers, are widely employed in this industry for their ability to handle heat-sensitive substances and achieve efficient drying without compromising product efficacy.

Region with largest share:

The Asia Pacific region market is estimated to witness the highest share of the global Industrial Dryers market during the forecast period. The region rapidly expanding industrial sectors, including food processing, pharmaceuticals, chemicals, and manufacturing, are driving the demand for efficient drying solutions. As countries in Asia Pacific experience economic development and urbanization, the need for processed and preserved products escalates, further propelling the adoption of industrial dryers. Furthermore, the rising awareness regarding sustainability and energy efficiency is spurring the demand for eco-friendly dryers in compliance with stringent environmental regulations.

Region with highest CAGR:

The Europe region is expected to have the highest growth rate over the forecast period. The region's diverse industries, including food processing, chemicals, pharmaceuticals, and textiles, rely heavily on efficient drying processes to meet market demands. With a growing focus on sustainable practices and energy efficiency, European manufacturers are increasingly adopting advanced drying technologies that minimize environmental impact and optimize resource utilization. Moreover, stringent regulations regarding product quality and safety have stimulated the demand for precise and controlled drying solutions.

Key players in the market

Some of the key players in Industrial Dryers market include Andritz Ag, Anivi Ingenieria SA, Buhler AG, Carrier Vibrating Equipment, Inc., Changzhou Yibu Drying Equipment Co.,Ltd, Comspain XXI S.A., FEECO International, Inc., GEA Group, Heinkel Drying and Separation Group, Metso Corporation, Mitchell Dryers Ltd., Spooner Industries Ltd, ThyssenKrupp AG, Ventilex Inc., Wuxi Modern Spray Drying Equipment Co.,Ltd and Yamato Sanko MFG. CO. LTD.

Key Developments:

In June 2023, Metso launches RotarEkiln, an electrically powered, indirect rotary kiln for sustainable heat treatment of advanced materials.

In May 2023, thyssenkrupp nucera Supplies the Electrolyzers for H2 Green Steel to Build One of the Largest Integrated Green Steel Plants in Europe.

Product Types Covered:
• Fluidized Bed Dryer
• Continuous
• Rotary Dryer
• Spray Dryer
• Flash Dryer
• Vacuum Dryer
• Conveyor Dryers
• Freeze Dryers
• Other Product Types

Types Covered:
• Direct
• Indirect
• Specialty
• Aftermarket

Applications Covered:
• Food
• Fertilizer
• Chemicals
• Construction
• Paper & Pulp
• Pharmaceutical
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements