February 19, 2025
Industrial Dryer Market

Industrial Dryer Market Is Estimated To Witness High Growth Owing To Increasing Demand From Food, Chemical & Others Industries

The industrial dryer market is estimated to be valued at US$ 1.37 Bn in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Industrial dryers are widely used in various end-use industries such as food and beverage processing, chemical, pharmaceutical, cement, pulp and paper, and others. Industrial dryers are used to remove moisture from materials to improve processing, enhance stability, and increase shelf life. Key products in the market include rotary dryers, spray dryers, fluidized bed dryers and others which help drying of various materials including food products, chemicals, minerals, metals, wood chips, sludge and others.

Market Dynamics:
Increasing demand from food processing industry is expected to be a major driver for industrial dryer market growth over the forecast period. Dry food products hold large market share in food industry due to longer shelf life and ease of transport without any refrigeration requirement. Furthermore, growing adoption of industrial dryers in chemical industry is also expected to support market growth between 2023 and 2030. Chemical drying require advanced dryer technology which provides uniform drying and prevents thermal degradation of material which is fueling demand of fluidized bed dryers in chemical industry. However, high initial investment and maintenance cost associated with industrial dryer may hamper market growth over the forecast period.

SWOT Analysis

Strength: Industrial dryers offer a great solution for drying of various materials across diverse industries. They provide efficient drying at large scale production facilities. Many dryers also allow automatization and remote monitoring which increases productivity.

Weakness: High initial investment costs are required for installation and set up of industrial dryers. Additionally, maintenance and repair costs of dryers can be quite high. Complex machinery of dryers needs frequent maintenance checks which adds to operational expenses.

Opportunity: Growing demand for processed food and increasing need for drying applications in industries like chemicals, fertilizers, and minerals present new areas of application for industrial dryers. Advancements in drying technologies allow for more energy efficient and environment-friendly dryers.

Threats: Volatility in raw material prices can impact production costs for dryer manufacturers. Presence of alternative drying methods poses threat to market share of industrial dryers. Strict environmental regulations around emissions may require upgrades in dryer models.

Key Takeaways:

The global Industrial Dryer Market Growth is expected to witness high growth, exhibiting CAGR of 5.1% over the forecast period, due to increasing need for large scale drying across diverse process industries. Significant demand comes from food processing, fertilizers, minerals, chemicals and pharmaceutical sectors where dryer systems are indispensable.

Regional analysis Asia Pacific dominates the global industrial dryer market and is forecasted to grow at a CAGR of over 6% during the analysis period. This is attributed to rising processing activities in China, India and other Southeast Asian countries. Increased foreign investments in food processing plants, pharmaceutical manufacturing and other bulk processing industries drive the need for mass scale drying equipments.

Key players operating in the industrial dryer market are Carrier Vibrating Equipment Inc., ThyssenKrupp AG, Buhler Holding AG, FEECO International Inc., CAD Works Engineering Ltd., Glatt GmbH, Metso Corporation, ANIVI Ingeniería SA, FLSmidth& Co. A/S, Andritz AG, GEA Group, Aktiengesellschaft, Comessa. These players are focusing on developing technologically advanced products that conform to stringent energy and environmental standards. Strategic collaborations for joint projects and expansion into emerging markets also remain key moves by market leaders.

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

Money Singh
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. 

Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. 

View all posts by Money Singh →