Global Spray Drying Equipment Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Spray Drying Equipment Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Drying Type (Single Stage, Double Stage, and Multi-stage), Application (Food, Pharmaceuticals, Chemical, and Others), Process (Rotary atomizer spray dryer, Nozzle atomizer spray dryer, Fluidized spray dryer, Centrifugal spray dryer, Closed-loop spray dryer, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Spray Drying Equipment Market was valued at USD 5,526.3 million in 2023 and is expected to reach USD 8,741.8 million by 2031 while growing at a CAGR of 5.9% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global spray drying equipment market growth. Spray drying equipment is crucial in various industries, converting liquid or slurry into dry powder or granules for enhanced shelf life and stability. The process includes atomizing the feedstock and rapidly drying the droplets with hot air or other agents.
Increasing demand for processed foods, like powdered flavors and instant foods, coupled with ongoing technological advancements in spray drying equipment, drives market growth. However, obstacles such as high initial capital investment and concerns about product quality and heat-sensitive compound loss may hinder expansion.
Furthermore, the global spray drying equipment industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Drying Type Analysis
The Global Spray Drying Equipment Market is segmented among Single Stage, Double Stage, and Multi-stage, based on Drying Type. In 2023, Double Stage accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Application Analysis
The Global Spray Drying Equipment Market is segmented among Food, Pharmaceuticals, Chemical, and Others, based on Application. In 2023, Food accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Spray Drying Equipment Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Durr Systems, Inc, SiccaDania, GEA Group, Changzhou Jinqiao Spray Drying and Engineering Co., Ltd, Shandong Shungeng Drying Equipment Co., Ltd., European SprayDry Technologies, Applied Chemical Technology, Inc, and Van Air Systems.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Spray Drying Equipment Market Dynamics
Drivers
Restraints
Opportunity
4. Global Spray Drying Equipment Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Spray Drying Equipment Market Segmentation, By Drying Type
Global Spray Drying Equipment Market Share Analysis, By Drying Type
Global Spray Drying Equipment Market Growth Analysis, By Drying Type
Global Spray Drying Equipment Market Trends, By Drying Type
o Single Stage
o Double Stage
o Multi-stage
6. Global Spray Drying Equipment Market Segmentation, By Application
Global Spray Drying Equipment Market Share Analysis, By Application
Global Spray Drying Equipment Market Growth Analysis, By Application
Global Spray Drying Equipment Market Trends, By Application
o Food
o Pharmaceuticals
o Chemical
o Others
7. Global Spray Drying Equipment Market Segmentation, By Process
Global Spray Drying Equipment Market Share Analysis, By Process
Global Spray Drying Equipment Market Growth Analysis, By Process
Global Spray Drying Equipment Market Trends, By Process
o Rotary atomizer spray dryer
o Nozzle atomizer spray dryer
o Fluidized spray dryer
o Centrifugal spray dryer
o Closed-loop spray dryer
o Others
8. Global Spray Drying Equipment Market Segmentation, By Region
Global Spray Drying Equipment Market Share Analysis, By Region
Global Spray Drying Equipment Market Growth Analysis, By Region
Global Spray Drying Equipment Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
9. Competitive Landscape
Durr Systems, Inc*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
SiccaDania, GEA Group
Changzhou Jinqiao Spray Drying and Engineering Co., Ltd
Shandong Shungeng Drying Equipment Co., Ltd.
European SprayDry Technologies
Applied Chemical Technology, Inc
Van Air Systems
*Similar analysis will be provided for each company listed above.
