the global Spray Drying Equipment market was valued at USD 4.26 Billion in 2018 and is expected to reach USD 7.4 Billion by year 2026, at a CAGR of 7.1%
New York, NY -- (SBWIRE) -- 01/28/2021 -- According to the current analysis of Reports and Data, the global Spray Drying Equipment market was valued at USD 4.26 Billion in 2018 and is expected to reach USD 7.4 Billion by year 2026, at a CAGR of 7.1% The study covers the different equipment used for spray drying, its applications and the demand and supply trends. Spray drying is technique used to convert liquid molecules into solid powder form with the help of gaseous hot-drying medium. This equipment is finds its application by the liquid to be converted into powder is sprayed into a hot-chamber, which falls down in the form of fine powder particles. This dry powder consists of low density and is extensively used in pharmaceutical and food industry, for example, milk powder.
Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.
Get a FREE Report Sample with Table of Contents and Figures @ https://www.reportsanddata.com/sample-enquiry-form/2035
The report covers the market dynamics analysis, company profiles, production and manufacturing capacity, product specifications, product value, and key players. The report also offers an insight into the growth prospects during the forecast period. The Spray Drying Equipment Market report also offers detailed data on the key market players to impart a deeper understanding of the competitive landscape. The report focuses on the key market elements to ensure the readers gain a competitive advantage and maximum benefit of the market data to assist them in achieving substantial growth and an advantageous position in the global market
Further key findings from the report suggest
The Equipment market is growing at a CAGR of 6% in Asia Pacific followed by North America and Europe, with 7.1 % and 6.9% CAGR, respectively. Increased adoption of new technology by the food and pharmaceutical companies is the significant factor to accelerate the industry growth during forecast period across all regions
As of 2018, Nozzle Atomizer is the dominating which holds 35.5% of the global share. North American region is the chief revenue generating source for this product segment, followed by Asia-Pacific and European regions.
Some of the strategies adopted by the manufacturers include partnership, expansion, new product launch and mergers & acquisitions in order to increase the market share. For example, European SprayDry Technologies started a new plant in U.K., especially designed to dry a wide range of dairy products while providing maximum flexibility for drying of various products.
Competitive Terrain:
The global Spray Drying Equipment market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies' current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.
The leading companies operating across the global Spray Drying Equipment market are listed below:
GEA (Germany), SPX FLOW (US), Dedert Corporation (US), Buchi Labortechnik (Switzerland), European Spraydry Technologies (UK), Changzhou Lemar Drying Engineering Co. Ltd. (China), Shandong Tianli Drying Technology and Equipment (China), Acmefil (India), New AVM Systech (India), C. E. Rogers (US), Advanced Drying System (India), and Labplant (UK).
Type (Revenue, USD Million; 2016–2026)
Nozzle
Rotary Atomizer
Fluidized
Centrifugal
Others
Stage Type (Revenue, USD Million; 2016–2026)
Single-Stage
Two-Stage
Multi-Stage
Flow Type (Revenue, USD Million; 2016–2026)
Co-Current
Counter-Current
Mixed-Flow
Cycle (Revenue, USD Million; 2016–2026)
Open
Closed
Application Type (Revenue, USD Million; 2016–2026)
Food
Pharmaceutical
Chemicals
Feed
Others
To get an exclusive discount on the report, visit @ https://www.reportsanddata.com/discount-enquiry-form/2035
Radical Features of the Spray Drying Equipment Market Report:
Valuable insights into the Spray Drying Equipment market to impart an in-depth understanding of the business verticle
An 8-year forecast estimation along with an analysis of key elements of the market
Technological advancements, regulatory framework, and recent developments covered in the report
Growth analysis and projections until 2027
Statistical analysis of the key players operating in the Spray Drying Equipment industry
Table Of Contents:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Spray Drying Equipment Market Segmentation & Impact Analysis
Chapter 5. Spray Drying Equipment Market, By Type Insights & Trends
Chapter 6. Spray Drying Equipment Market, By Application Insights & Trends
Chapter 7. Spray Drying Equipment Market, By End Use Insights & Trends
Chapter 8. Spray Drying Equipment Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
To Get This Report at a Lucrative Price, Click @ https://www.reportsanddata.com/checkout-form/2035
Thank you for reading our report. To know more about customization options, please get in touch with us. Our team will ensure the report is tailored to suit your requirements.
Have a Look at Related Reports:
Acoustic Metamaterials Market Size
Nylon Fully Drawn Yarns Market Share
Nylon Partially Oriented Yarns Market Growth
About Reports and Data:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.