Industrial Dryers Market Expands in Asia-Pacific: A Fertile Ground for Growth

Posted by Jack Martin on October 16th, 2023

The global industrial dryers market is projected to reach USD 6.37 billion by 2026, at a CAGR of 4.3%. The driving factors for the market include the wide applicability of industrial dryers in areas such as food, pharmaceutical, chemicals, and fertilizer, cement, minerals, and paper & pulp industries. Apart from this, high demand inform emerging economies such as China, India, and Brazil would also be a driving factor for the growth of the industry. 

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Industrial dryers are equipment used in a range of sectors to remove moisture from materials. They are employed in many industries, including food, pharmaceuticals, chemicals, and agriculture. Industrial dryers are used to dry wet or moist commodities such as grains, wood chips, and fruits. They can also be used to remove moisture from commodities such as coal and ore. Industrial dryers employ a mix of heat, air flow, and/or moisture absorption to remove moisture from the material. The increased demand for drying materials in the food, pharmaceutical, and chemical industries will drive up demand for industrial dryers.

The industrial dryer’s specialty drying product segment is projected to grow at the fastest rate from 2016-2026. Specialty dryers are dryers that are built by manufacturers for their clients to fulfill customized solutions. As the demand for dryers has been increasing across a wide variety of applications, the demand from end-use industries for more customized solutions is also increasing. Buhler AG (Germany) manufactures custom-designed conveyor dryers that aim to provide efficient drying of super absorbent polymers, elastomers, polyacrylonitrile, and fluoropolymers.

The fluidized bed dryers segment is projected to be the fastest-growing segment in the industrial dryers market, by type, from 2016 to 2026. This growth can be mainly attributed to the growth in the demand for fluidized bed dryers from different application industries such as food and pharmaceuticals. Fluidized bed dryers are cost as well as energy efficient.

The pharmaceutical segment is projected to be the fastest-growing application segment from 2016 to 2026. This growth can be attributed to the increased demand of industrial dryers in the pharmaceutical industry. The pharmaceuticals industry uses industrial dryers to remove liquids or moisture from bulk solids, powders, or other liquids by evaporation or sublimation.

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The Asia-Pacific region is estimated to be the fastest-growing market for industrial dryers market from 2016-2026. The growth is the result of rising demand for industrial dryers in this region. This increased demand can be attributed to the growing demand for industrial dryers from the end-use industries such as food, pharmaceutical, chemicals, and fertilizer, cement, minerals, and paper & pulp in the region. China, India, and Japan are the leading countries in terms of consumption of industrial dryers in the Asia-Pacific region. Easy availability of raw material and labor and the increase in demand from end-use industries is projected to drive the growth of the industrial dryers market in these countries.