Asia-Pacific to Dominate Global Industrial Dryers Market till 2024
According to TechSci Research
report, “Global
Industrial Dryers Market By Product, By Type, By End Use Industry, By
Region, Competition, Forecast & Opportunities, 2024”, global industrial
dryers market is projected to grow at a CAGR of over 5% during 2019-2024, on
account of increasing use of superheated steam
drying. Moreover, industrial dryers are
gaining prominence in a variety of industries including pharmaceuticals, biotechnology,
chemical and others.
In terms of end use industry,
food segment is expected to account for a significant share of the global
market during the forecast period. The food
industry uses industrial dryers on a large scale to dry raw materials before
they can be processed and converted into final products. The food industry
typically uses industrial dryers for drying products such as coffee, dairy, tea,
processed cereal-based foods, flavors, fruits, vegetables and spices. The food
industry uses dryers such as spray dryers and fluidized bed dryers to meet its
requirements.
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In 2018, Asia-Pacific
industrial dryers market emerged as the largest generating generation region
and is expected to remain as the largest market in coming years, backed by
rising demand for industrial dryers from end-use industries such as
pharmaceutical, food, fertilizers, chemicals, paper & pulp, cement and
minerals. Moreover, growing adoption of industrial dryers in food
processing plants and fertilizer industries in the Asia-Pacific is region is further
likely to drive the market.
“Global industrial dryers market
is anticipated to witness steady growth over the course of next five years, on
account of increasing adoption of industrial dryers in various industries
namely chemical, food and fertilizers. The effective functioning of industrial
dryers, such as optimal use of power, reduction in wastage of utility resource,
high performance, and different parameter controlling, is likely to drive global
industrial dryers market during the forecast period. Wide industrial
application of dryers and rapidly evolving food industry would also have a
positive impact on the market.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
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“Global Industrial Dryers Market By Product, By Type, By End Use
Industry, By Region, Competition, Forecast & Opportunities, 2024” has
evaluated the future growth potential of global industrial dryers market and
provides statistics and information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global industrial dryers market.
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