Press Release

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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