The global industrial dryers market was valued at USD 3.2 billion in 2019 and is expected to reach USD 6.12 billion by 2026, expanding at a CAGR of 4.8% during the forecast period, 2020 – 2026. Industrial dryers are used to remove or reduce moisture levels and various other solvents in materials. These dryer solvents are built such that it doesn’t affect the chemical, physical and biological features of the material, hence industrial dryers are designed in various categories of forms with different requirement and choice of right dryer is the crucial for processing.
Industrial Dryers Market Executive Summary
Most common types of industrial dryers are pharmaceutical dryers, fluidized bed dryers, convection dryers, rotary dryers, conduction dryers, rolling bed dryers, and dispersion dryers.
Market Trends, Drivers, Restraints, and Opportunities:
Increasing usage of superheated steam drying (SSD), in turn, is driving the growth for the global industrial dryers
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Increase in number of industrial dryers manufacturers players globally specially in developing countries, is fueling the growth of the market.
Increase in infrastructure development and rapid urbanization, has fueled the need for industrial dryers
Lack of skilled professionals for dryers and increasing cost of quality standard dryers’ raw materials, are the key restraint to the global industrial dryers
Some industrial dryers are very large in size, which poses as a challenge to the global market.
Organizations focusing on fast growing segments are anticipated to offer growth opportunities in forecast period.