Cibi e Bevande
Spray Drying Equipment Market to Expand at 4% CAGR as Applications in Food & Beverage Increases
NEW YORK , Dec. 6, 2021 /PRNewswire/ -- Sales in the global spray drying equipment market are projected to increase year-over-year by 4%, reaching US$ 820 Mn by 2027. Growing demand to increase production output across various end-use sectors is expected to continue pushing sales in the forthcoming years.
Demand for spray drying equipment is projected to remain high in food processing, chemicals, and pharmaceutical industries. Future investments in improving commercial manufacturing capabilities, efficiency, and quality of the final product are expected to boost the market.
Further, increasing investments in Greenfield and Brownfield establishments across various end-use verticals such as agriculture, chemical, and food & beverage will continue pushing sales. Growing replacement rate of spray dryers will create opportunities for product developments in the market over the forecast period.
In addition to this, increasing development of effective pharmaceutical formulations with improved bioavailability in drug manufacturing is paving the way for the growth in the market. Spray drying is widely used in the food and chemicals industry, however, increasing adoption on the pharmaceutical industry for mainstream products will spur demand for the same.
Ongoing production of active pharmaceutical ingredients (API) and vaccines by using spray drying is expected to boost sales. This allows manufacturers to produce fine particles and heat-sensitive vaccines, which will continue encouraging applications of spray drying equipment in the pharmaceutical industry.
Leading players operating in the global spray drying equipment market are focusing on research and development to improve product offerings. In addition to this, players are investing in mergers, acquisitions, and collaborations to improve their global presence and distribution networks.
For instance, in January 2020 , Dedert Corporation was awarded two drying orders in South Korea . The first one is for a 2-stage fluid bed drying system for polymer gel, and the second one is for a specialty food ingredient, with an evaporation rate of 1,094 kg/hr.
Fact.MR provides an unbiased analysis of the spray drying equipment market, presenting historical demand data (2013-2018) and forecast statistics for the period from 2019-2027. The study divulges compelling insights on the global spray drying equipment market with a detailed segmentation on the basis of:
The introduction of food vacuum drying machines has increased the feasibility of many food drying applications, indicating a bright future for the food vacuum dryers market. The significant increase in demand for food vacuum dryers is encouraging manufacturers in the food vacuum drying machine market to continue their efforts and improvements. These ongoing developments and initiatives to broaden the existing product framework are encouraging the market to continue on its upward trajectory. Furthermore, rising consumer demand for processed foods is driving up total demand for food vacuum dryers around the world.
Shotcrete technology is predicted to grow in popularity due to technological developments and increased spending in the research and development of new materials for construction purposes. Shotcrete concrete is an amazing technique for delivering structural stability in a short period of time without the usage of a mould. As a result, demand for shotcrete sprayers is predicted to expand significantly over the assessment period. Furthermore, with rapidly expanding mobility and space constraints, underground construction has seen a significant surge in demand in recent years.
- In the electronics sector, salt spray chambers are used to test electrical components such as ICs, PCBs, switches, and other components. If the pieces of these components become rusted, they will not function properly. The electronics components should be corrosion resistant to ensure improved quality and a longer lifespan for the gadgets. Electronic components are tested under high corrosive conditions to verify product quality and reliability. The increasing electronics sector is raising the global salt spray chamber market demand as a result of these causes.
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