Superheated steam: Key market research findings
- Increased use of superheated steam drying
- Emergence of new drying technologies
- Key players include Carrier Vibrating Equipment, FEECO, GEA, Glatt, and Metso
Technavio’s market research analysts predict the global industrial dryers market to grow at a CAGR of around 4% between 2016 and 2020. The growth of the market is primarily due to the increasing production output from the end-user industries like cement, fertilizer, and food. Increased use of the superheated steam drying (SSD) technique is identified as one of the major factors that will gain traction in the market in the next four years. Superheated steam gets in contact with the dry material and uses simple heat transfer to dry the wet material. APAC will dominate the market during the forecast period by occupying around 65% of the total market share by 2020. The increasing population in emerging countries and rapid urbanization coupled with the increase in healthcare and infrastructure expenditure will fuel the demand for cement from this region.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Vendors are coming up with various innovations in the drying technologies and have enabled spray dryers to produce engineered powders of a particular particulate size and structure. They are integrating information technology with the drying process, resulting in the better design of dryer chambers. Manufacturers are using cleanable bag filters in the drying technology which helps to retain the particulates within the dryer chamber. The use of this technology coupled with a fluidized spray dryer allows efficient production of granulated products at considerably lower temperatures than those found in conventional spray dryers,” says Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research
During 2015, the cement segment dominated the industrial dryers market and accounted for almost 22% of the total market share. Growth in the construction sector in all countries across the world and the increasing investment in infrastructure development will result in more demand for cement and will, in turn, propel the demand for industrial drying equipment from this market segment.
The presence of several leading international industrial dryers manufacturers and regional players, makes the diverse industrial dryers market fragmented. The market is capital-intensive and there are continuous R&D investments from international players. Having witnessed no significant consolidation in the recent years, this market research analysis has predicted that the market will remain fragmented during the forecast period.
A more detailed analysis is available in the Technavio report, Global Industrial Dryers Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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