Industrial Dryer Market is blooming with the applications in pharmaceuticals
Posted by rohan on October 15th, 2019
The industrial dryer market was at US$ 6.68 billion in 2018 and is expected to grow at an annual rate of 5.77%, reaching US$ 8.84 billion by 2023. Drying is a critical unit used in many industries such as food processing, paper, pharmacy, chemistry and dairy. Industrial dryers are used in particular to reduce the moisture content during bulk material processing. The primary function of industrial driers is to draw moisture from the interior parts of each particle to the surface using complete heat transfer mechanisms that include conduction, convection, and radiation.
Market Drivers and Restraints:
The growth of the industrial dryer market is being driven by widespread commercial use of dryers, growing economies and fast-growing food industry. In addition, the improved clinical and healthcare industry offers ample growth opportunities for the market as dryers have huge demand in the pharmaceutical sector for extracting moisture from bulk solids, chemicals, powders, and numerous liquids.
However, the uncertain in the market and monetary conditions have had a negative impact on the market. Besides, strict environmental and safety guidelines have hampered the growth of the global industrial dryer market.
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Report segmented as
Based on the region, the global Industrial Dryers market is characterized into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The Asia-Pacific turned into the biggest marketplace in 2017, with countries such as China, India, and Japan leading the overall revenue share.
Important Market Players:
Some of the major players in Industrial Dryers market are ThyssenKrupp AG (Germany), Andritz AG (Austria), GEA Group (Germany), Metso Corporation (Finland), FLSmidth & Co. A/S (Denmark), Buhler Holding AG (Switzerland), ANIVI Ingeniería SA (Spain), Carrier Vibrating Equipment, Inc. (U.S.), COMESSA (France), and Mitchell Dryers Ltd. (U.K.), among others.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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About the Authorrohan
Joined: September 20th, 2017
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