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Flash Dryers Market

Flash Dryers Market

Flash Dryers Market Analysis by Size (Small, Medium, Large Size Flash Dryers), by Operating Principle (Direct Drying, Indirect Drying), by End-use Industry & Region - Global Forecast 2022-2032

Flash Dryers Market
FACT1600MR

Global Flash Dryers Market Outlook

The global flash dryers market is estimated at USD 973 Million in 2022 and is forecast to surpass USD 1,369 Million by 2032, growing at a CAGR of 3.5% from 2022 to 2032.

Report Attributes

Details

Base Year Value (2021A)

USD 944 Million

Estimated Year Value (2022E)

USD 973 Million

Projected Year Value (2032F)

USD 1,369 Million

Global Growth Rate (2022-2032)

 CAGR 3.5%

North America Market Share in 2021

~29%

North America Growth Rate (2022-2032)

CAGR 3.3%

Collective Value Share (USA, Brazil,  Germany and Japan) 2022: Top 4 Countries

~38%

Top 5 Companies Market Share in 2021

~26%

Key Companies Profiled

  • ThyssenKrupp AG
  • GEA Group Aktiengesellschaft
  • ANDRITZ AG
  • FLSmidth Group
  • SPX Flow, Inc.
  • Carrier Vibrating Equipment, Inc.
  • Hosokowa Micron BV
  • Changzhou Fanqun Drying Equipment Co. Ltd.
  • IEP Technologies, LLC
  • Other Key Players

The global Flash Dryers market holds more than 0.2% market share in the global industrial dryers market. It is projected to rise with a CAGR of 4.6% by the end of 2032.

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2017-2021 Global Flash Dryers Market Outlook in Comparison to 2022-2032 Growth Forecast

Historically, the market value of the flash dryers industry witnessed a growth of 2.3% CAGR from 2017 to 2021. The global flash dryers market has generated an absolute dollar opportunity of nearly USD 100 Million in the same period. It is expected to generate absolute dollar opportunities of nearly USD 202 Million and 260 Million in mid-term (2022-27) and long-term (2022-2032) respectively.

Also, the European flash dryers market holds the 3rd position in the global flash dryers market which is assessed to lose 73 BPS at a CAGR of 2.6%. Moreover, the Germany flash dryers market is one of the significant market shareholder in the region market growth with more than 1/4th market share.

Further, South Asia & Oceania flash dryers market has witnessed notable increase in the last half decade. It has gained substantial market share which is likely to continue at a CAGR of 4.1% in forecast period.

Fact.MR projects the flash dryers market is expected to witness exhibiting growth at 3.5% CAGR amid 2022 and 2032 in contrast to a CAGR of 3.6% with which it grew from 2017 and 2021.

Growing Demand in Food & Pharmaceutical Industry

In pharmaceutical and food industry, quality of products is the chief concern. Furthermore, rigorous government regulations over its specification and product quality in pharmaceutical and food industry lead to amplified emphasis toward the manufacturing process.

Furthermore, the products in these industries are often heat sensitive, necessitating the use of specialized drying equipment. Industrial dryers with cutting-edge technology, such as the flash dryer, are ideal for drying operations in the food and pharmaceutical industries. Furthermore, these dryers are appropriate for other unit processes involved in this business, such as separation and purification.

Additionally, the expansion of the food and pharmaceutical sectors, as well as the ongoing expansion of production facilities, has resulted in an increase in demand for flash dryers, which is likely to boost the overall flash dryers market. Over 450 projects in the pharmaceutical business and over 300 projects in the food industry are scheduled to be completed in the near future.

An Adaptive Approach to Modern-day Research Needs

Indispensable Part of Process Industry

Drying is a vital part for many process industries such as chemical, food & beverage, pharmaceuticals, construction and minerals.  The efficiency of drying process have a substantial impact on product quality and process efficiency.

Also, drying a product has various advantages, including convenience of packaging, handling, and storage of materials. There are numerous flash dryers available on the market for drying materials according to their specifications and requirements.

Furthermore, the availability of a large variety of dryers and their appropriateness for all types of materials has resulted in a significant increase in demand from end user sectors. The dome's technological progress contributes to an increase in demand for flash dryers in the near future.

Growing Demand for Customized Flash Dryers

Usage of various customized flash dryers is increasing in developed as well as developing countries, due to the increasing number of food processing, pharmaceutical, fertilizer and chemical industries and their production capacity. There is a shift in the preference towards customized flash dryers coupled with growing demand for dried food, chemical, pharmaceutical and fertilizer products into powder form.

Customized flash dryer machines are mostly used in various food industries, such as coffee industry, food powder, fruits, vegetables, flavor and other industries for producing processed food products and also, it has numerous usage in chemical and pharmaceutical industries for producing dried products.

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Higher Operational Cost and Environment Regulations are Likely to Hinder the Growth of Market

Drying is a high-energy process used in the production of a product. It is estimated that the drying process alone uses 10% to 20% of the energy used in the industrial sector when compared to other unit processes.

Furthermore, the majority of flash dryers operate in an indirect mode, requiring hot air for drying, which is generated by the combustion of fossil fuels. The use of fossil fuels adds to the drying process's operational costs. After the drying process is completed, heated air is allowed to escape, which has a negative impact on the environment.

Besides this, Industries are constantly working on lowering energy consumption and requiring energy-efficient equipment. EPA, REACH, and other stringent government regulations in industrialized countries have also imposed various constraints on the process industries. As a result, the greater operating costs associated with drying, as well as environmental regulations governing the process, have limited the market spread of flash dryers.

Market Consolidation and Expansion are the key Trends

There has been an upsurge in the number of consolidations in the flash dryers manufacturing industry during the last five years. This is mostly due to companies' efforts to address expanding demand for flash dryers, gain access to growth markets in Asia Pacific, and strengthen their footholds in regions such as North America and Europe.

Flash Dryers Market forecast analysis by Fact.MR

Country-wise Insights

What is the North America Flash Dryers Market Scenario?

A variety of government regulations and standards are likely to influence the growth of the flash dryers market in North America. As the National Fire Protection Association (NFA) and the Occupational Safety and Health Administration (OSHA) mandate manufacturing industries across the United States to offer healthy and safe work environment.

It is boosting the sales of flash dryers across the industrial sector in North America. At the same time, the U.S. Environmental Protection Agency (EPA) imposes rules, which all the manufacturers in the North American flash dryers market must comply with.

Overall, the flash dryers market in North America is likely to witness growth in coming years. It is likely to gain 27 BPS and projected to acquire nearly 1/3rd global market share by the end of 2032.

Which Region holds for Higher Demand for Flash Dryers Market?

The Asia Pacific region has been segregated into two parts including East Asia and South Asia & Oceania. East Asia flash dryers market is the important market from the growth viewpoint. It has gained more than 27% market share of the global flash dryers market in the last half-decade. 

The Chinese flash dryers market accounts for ~3/4th of the East Asian flash dryers market in 2022. It is considered to generate an absolute $ opportunity of USD 80 million amid 2022 & 2032.

Category-wise Insights

Which Size of Flash Dryers is The Largest Contributor to the Flash Dryers Market?

To provide in-depth insights into the pattern of demand for flash dryers market, the market is segmented on the basis of size. It includes small, medium and large, which are largely domination the global market.

Small size dryers are those dryers which are used for producing small quantity of dried products in a single unit operation. Most of the low economy countries have installed these type of dryers in their production plants due to high cost of medium and large capacity dryers

Large size of dryers are generally installed in large production plants which has capacity of producing large quantity of dried product at a continuous level. Capacity ranges from tons to kilo tons in a single production.

Further, it is expected to continue its dominance in flash dryers market over the forecast period, in terms of value, which accounted for 3/5th value share in 2022. Additionally, the segment is predicted to grow at a CAGR of 2.6% and lose nearly 305 BPS by the end of 2032.

Which End-Use Industry is Poised to Show Lucrative Growth in Flash Dryers Market?

In food industry, main concern is on nutritional value and its composition. Generally, materials involved in this industry are heat sensitive owing to which controlled drying system is required. Owing to this, flash dryers are used for operations in this industry.

However, the food industry has acquired more than 1/4th market share in end-use industry segment. It is projected to grow at a CAGR of 4% during the assessment period. This is likely to generate absolute dollar opportunity of around USD 94 Million to the flash dryers market over the forecast period of 2022-2032.

Competitive Landscape: Top Companies in Flash Dryers Market

The global flash dryers market is highly fragmented, with a significant number of local and regional companies. As a vital strategy to support their market footprint and better fulfil the needs of customers, industry players are focusing on developing new goods in response to the dynamic industry needs.

Also, the key companies have adopted numerous strategies including merger & acquisition partnership, etc. product development is the key strategy to upscale their market presence among consumers.

Fact.MR has provided detailed information about price points of top manufacturers of flash dryers market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

  • On 14th May 2020, GEA Group Aktiengesellschaft announced to form partnership with an aim to drive forward their GEA’s digital transformation and strengthen their product portfolio.
  • On 13th December 2021, Lone Star Funds is likely to acquire SPX FLOW, Inc. This acquisition is likely to increase the operations in new markets.

Global Flash Dryers Market Segments

  • By Size :

    • Small Size Flash Dryers
    • Medium Size Flash Dryers
    • Large Size Flash Dryers
  • By Operating Principle :

    • Direct Drying
    • Indirect Drying
  • By End-Use Industry :

    • Food
    • Fertilizer
    • Chemical
    • Construction Material
    • Pharmaceutical
    • Others
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- FAQs -

The global value of flash dryers market is estimated to be worth over USD 973 Million in 2022.
The demand is anticipated to surpass USD 1,369 Million by 2032 end.
During 2017-2021, global flash dryers market grew at 2.3% CAGR.
Some of the prominent players in flash dryers market are ThyssenKrupp AG, GEA Group, Aktiengesellschaft, ANDRITZ AG, FLSmidth Group, SPX Flow, Inc. etc.
North America tops the global flash dryers market accounting for 29% of global market share in 2022.
Chemical under the end-use industry segment contributes 28% of market share in global sales of flash dryers.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

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