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 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 informs the emerging economies such as China, India, and Brazil would also be a driving factor for the growth of the industrial dryers industry.

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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 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.

Key players operational in the industrial dryers market include 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.).

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