Industrial, Manufacturing & Heavy Industry Market News

Industrial dryers market is projected to reach USD 6.37 billion with 4.3% CAGR to 2026 illuminated by new report

The global industrial dryers market was valued at USD 4.00 billion in 2015 and is projected to reach USD 6.37 billion by 2026, at a CAGR of 4.3% from 2016 to 2026.

The major driving factors for industrial dryers market is their wide applicability in several industries, such as food, pharmaceuticals, chemicals, fertilizers, cement, among others for processing their materials before they can be converted into the final product.

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Apart from this, another important driving factor is the big market opportunity provided by the emerging economies. For example, the large population in emerging economies such as China, India, and Brazil has an ever increasing demand for food, pharmaceutical products, and cement.

All these industries need industrial dryers to meet these demands.

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The factors inhibiting the growth of the industrial dryers market are unstable market and economic conditions.

Apart from this, stringent environmental regulations also act as a challenge for the industry.

Complete report on Industrial Dryers Marketspread across 148            pages, profiling 10 companies and supported with 72 tables and 52 figures is now available at www.reportsnreports.com/reports/770622-industrial-dryers-market-by-product-direct-indirect-specialty-type-rotary-fluidized-bed-spray-application-food-pharmaceutical-fertilizer-chemicals-cement-and-region-global-forecast-to-2026.html

Among all applications, food holds the largest market share, in terms of value, as of 2015. There is a high demand for industrial dryers from the food industry.

The food industry uses industrial dryers on a large scale to dry raw materials before they can be processed and converted into final products.

The Asia-Pacific region accounted for the largest share of the global industrial dryers market in 2015. It is projected to grow at the highest CAGR during the forecast period.

Study on Industrial Dryers, has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (55%); Tier 2 (20%) and other (25%) companies were contacted for interviews.

The interviews were conducted on Industrial Dryers with various key people such as C level (25%), Manager Level (75%) from various key organizations.

The primary interviews were conducted worldwide covering regions such as North America (20%), Europe (30%), Asia-Pacific (25%).

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Reasons to access the report:

The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall industrial dryers market and its sub segments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies.

The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

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