$5.8 Billion Spray Drying Equipment Market 2017 - Global Forecast to 2022: Increased Demand for Rte and Functional Food & Beverages & Reduction in Thermal Damage Caused to the Product

Dublin, Jan. 18, 2017 -- Research and Markets has announced the addition of the "Spray Drying Equipment Market by Type (Rotary Atomizer, Nozzle Atomizer, Fluidized, Closed Loop, and Centrifugal), Application (Food, Pharmaceutical, and Chemical), Drying Stage, Cycle Type, Flow Type, and Region - Global Forecast to 2022" report to their offering.

The spray drying equipment market, estimated at USD 3.85 billion in 2016, is projected to grow at a CAGR of 7.03%, to reach USD 5.80 billion by 2022. The U.S. holds the largest market share in the North American region for industrial application of spray dryers.

The market is primarily driven by factors such as rise in preference for ready to-eat and functional food & beverages. The emerging countries in the Asia-Pacific region provide opportunities for the spray drying equipment manufacturers. Some of the major restraints in the growth of the spray drying equipment market are high thermal energy consumption and high operational costs.

The closed loop spray dryer is projected to grow at the highest CAGR for the projected time period from 2016 to 2022, followed by fluidized spray dryer. Closed loop spray dryers are ideal for handling slurries and drying them into the required powder form which is applicable for the coating of tiles in the ceramic industry. Both, closed loop and fluidized spray dryers are used for heat sensitive products.

The chemicals segment is projected to be the fastest growing segment during the forecast period due to the rise in demand for plastic resins and other polymers that will boost the spray drying equipment market.

Asia-Pacific and the Rest of the World (RoW) are projected to be the fastest-growing markets for the period considered for this study, due to high adoption rate of spray drying technology in food processing. China is expected to lead the market for spray drying equipment in the Asia-Pacific region for the next six years, as a result of increased demand for milk powders, whereas in Africa, coffee production and processing will lead to growth in the spray drying equipment market.

Market Dynamics

Drivers

• Increased Demand for Rte and Functional Food & Beverages
• Reduction in Thermal Damage Caused to the Product
• Increase in the Shelf Life Leading to Improved Logistics
• Technological Innovation in the Spray Drying Equipment

Restraints

• Changes in Organoleptic Properties
• High Operational Costs

Opportunities

• New Target Market: Asia-Pacific
• Industrial Application of Spray Drying in Food Encapsulation

Challenges

• Infrastructural Challenges in Developing Countries

Leading players profiled in this report:

• GEA Group AG (Germany)
• SPX Flow Technology (U.S.)
• Dedert Corporation (U.S.)
• Buchi Labortechnik AG (Switzerland)
• European Spray Dry Technology LLP (U.K.)
• Changzhou Lemar Drying Engineering Co. Ltd. (China)
• Shandong Shungeng Drying Equipment Co. Ltd. (China)
• Acmefil Engineering Systems Pvt. Ltd. (India)
• New AVM Systech Pvt. Ltd (India)
• C.E Rogers Company (U.S.)
  

For more information about this report visit http://www.researchandmarkets.com/research/gf6k84/spray_drying

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