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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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.
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.
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Apart from this, stringent environmental regulations also act as a challenge for the industry.
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 food industry typically uses industrial dryers for drying products such as dairy (milk, whey, creamers), coffee, coffee surrogates, tea, flavors, powdered drinks, processed cereal-based foods, potatoes, starch derivatives, sugar beet pulp, fruits, vegetables, and spices.
The food industry uses dryers such as spray dryers and fluidized bed dryers to meet its requirements.
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Profile break-up of primary participants for the report:
- By Company Type: Tier 1 – 55 %, Tier 2 – 20%, Tier 3 – 25%
- By Designation: Manager level – 75%, C level – 25%
- By Region: Europe – 30%, Asia-Pacific – 25%, North America – 20%, Middle East & Africa – 15%, Latin America – 10%
The report defines, segments, and projects the global industrial dryers market on the basis of product, type, application, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges.
It also strategically profiles key players and comprehensively analyze their market share and core competencies and tracks and analyzes competitive developments such as partnerships, agreements, and joint ventures; mergers & acquisitions; expansions; new product developments; and research & development activities in the industrial dryers market.
Key Points From Table Of Content:
12 Company Profiles
(Overview, Products and Services, Financials, Strategy & Development)*
12.2 Thyssenkrupp AG
12.3 Andritz AG
12.4 GEA Group
12.5 Metso Corporation
12.6 Flsmidth & Co. A/S
12.7 Buhler Holding AG
12.8 Anivi Ingeniería SA
12.9 Carrier Vibrating Equipment, Inc.
12.11 Mitchell Dryers Ltd
12.12 Other Companies
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