Spray Drying Equipment Market

Spray Drying Equipment Market Outlook (2023 to 2033)

The global spray drying equipment market accounts for a valuation of US$ 5.4 billion in 2023 and is extrapolated to secure a revenue of US$ 9.5 billion by 2033-end. This Fact.MR research analysis predicts global demand for spray drying equipment to increase at 5.8% CAGR over the next ten years.

Spray drying is a process in which liquid or slurry is turned into powder form by rapidly drying it with hot gas. This spray drying method is extensively used for thermally-sensitive products such as pharmaceuticals and foods to avoid damage and oxidization during the drying process.

Surging establishment of brownfield and Greenfield manufacturing facilities around the world from different industry verticals is a prime factor that is slated to augment shipments of spray drying equipment over the coming years. Rapid industrialization and supportive government initiatives to promote manufacturing activity around the world are also projected to favor market development throughout the forecast period.

Rapidly rising demand for processed foods and increasing investments in the food processing industry are also anticipated to uplift spray drying equipment sales in the long run.

• As per a study published in Frontiers in Nutrition, ultra-processed food accounts for more than 60% of the total caloric intake of people in the United States.

Rapid advancements in spray drying technology, the growing popularity of customized spray dryers, increasing demand for bulk chemicals, high pharmaceutical manufacturing activity, expanding demand for encapsulation, and evolving food preferences around the world are other aspects that could alter spray drying equipment shipments going forward.

On the flip side, the high operational costs and the effect of spray drying on the organoleptic properties of edible foods are anticipated to be prime constraints for spray drying device demand throughout the forecast period. Moreover, the dearth of skilled workforce to operate spray drying devices is also anticipated to inhibit spray drying equipment market evolution in the long run.

Report Attributes	Details
Spray Drying Equipment Market Size (2023)	US$ 5.4 Billion
Projected Market Value (2033F)	US$ 9.5 Billion
Global Market Growth Rate (2023 to 2033)	5.8% CAGR
Market Share of Tier 1 Spray Drying Equipment Companies (2023)	~60%
Key Companies Profiled	GEA Group AG Labplant Swenson Technology AVM Technologies Buchi Labortechnik AG SPX Flow Technology Yamato Scientific America Shandong Shungeng Drying Equipment Co. Ltd. Dedert Corporation European Spray Dry Technologies LLP C.E. Rogers Acmefil

Which Opportunity Can Key Companies Capitalize on to Bolster Their Growth Potential?

“Surging Demand for Pharmaceuticals and Processed Foods”

Rising prevalence of chronic diseases and increased healthcare expenditure have resulted in high demand for pharmaceuticals, which, in turn, is projected to uplift spray drying equipment sales over the coming years. Spray dryers improve the bioavailability of crystalline substances used in drug manufacturing and are expected to play a crucial role in the drug manufacturing industry across the forecast period.

Advantages of spray drying associated with encapsulation such as the delayed release of antibiotics and controlled dosage also are expected to boost the use of spray drying methods in the pharmaceutical manufacturing marketplace over the next ten years.

Rapidly growing world population and increasing adoption of hectic lifestyles have resulted in high consumption of processed and packaged foods around the world. The aforementioned factors are responsible for the ever-expanding food processing industry around the world and are projected to influentially augment demand for industrial air dryers and other industrial processing equipment throughout the forecast period and beyond. Milk spray dryer machines are expected to exhibit high demand from the dairy industry as consumption of cheese and other dairy products surges.

An exhaustive analysis of aspects such as product standards, safety regulations, pricing trends, and other factors affecting market development on a global and regional level have been listed in this latest spray drying equipment market survey by analysts at Fact.MR, a market research and competitive intelligence provider.

Country-wise Insights

Will Sales of Spray Drying Machines Soar High in Asian Countries?

“High Demand for Bulk Chemicals and Processed Foods Driving Demand Outlook”

Supportive government initiatives to promote industrialization and expansion of manufacturing capabilities in developing Asian economies are expected to primarily bolster demand for products such as mini spray dryers, industrial spray dryer machines, vacuum spray dryers, etc. over the coming years. India, China, Japan, and South Korea are predicted to be the leading markets to watch out for in the APAC region throughout the forecast period.

Increasing chemical manufacturing activity, rising per capita disposable income, evolving consumer preferences, rapid urbanization, presence of key chemical companies, and growing demand for customized spray dryers are other key aspects that are expected to bolster market growth in Asian countries over the next ten years.

• The Asia Pacific region is anticipated to account for around 40% of all new installations of spray drying equipment in the world by the end of the forecast period.

Why Should Spray Drying Equipment Companies Invest in the United States?

“Surging Consumption of Pharmaceuticals and Nutraceuticals Offering New Business Opportunities”

The United States is known around the world for its developed healthcare infrastructure and the recent hike in the prevalence of several diseases has resulted in high demand for pharmaceuticals in the country. To meet the increasing demand, pharmaceutical companies are advancing their drug manufacturing activities and this is anticipated to boost demand for commercial spray dryers and laboratory-scale spray dryers in the country over the coming years.

Increasing consumption of encapsulated nutraceuticals owing to the high focus on preventive healthcare and fitness among the general population is also predicted to further bolster sales of industrial spray dryers over the next ten years.

Changing consumer preferences, supportive initiatives to promote manufacturing in different industry verticals, rapid adoption of advanced spray drying devices and technologies, and high investments in R&D sectors of various industry verticals are other aspects that could sculpt spray drying equipment demand in the United States through 2033.

What Makes Europe an Opportune Market for Spray Dryer Manufacturers?

“Huge Food Processing Industry Leading Spray Drying Device Sales”

The presence of an established food processing industry and the presence of key dairy companies in the European region are expected to primarily boost sales of spray drying equipment over the coming years. Supportive government initiatives to promote industrialization and growing demand for processed food products are also projected to favor sales of food spray dryers, commercial spray dryer machines, and industrial-grade spray drying devices in European countries across the forecast period.

Germany, France, Italy, Spain, and the United Kingdom are estimated to be noteworthy markets in the European region over the next ten years and beyond.

Category-wise Insights

Which Type of Spray Drying Machines are Widely Preferred?

“Closed Loop Spray Drying Systems Account for Commanding Market Share”

Based on cycle type, the spray drying equipment market is segmented into closed loop systems and open loop systems.

Closed loop drying systems are preferred over open loop systems as they do not emit heat into the environment and are seen as a more sustainable drying equipment alternative. These systems are more efficient as compared to open loop systems and the implementation of stringent mandates to conserve the environment is estimated to bolster the sales of closed loop spray dryer machines across the forecast period.

Surging demand for pharmaceuticals is also a key aspect that is predicted to favor shipments of closed loop spray drying devices in the future. Closed loop drying systems are considered safer as they eliminate the risk of explosions and oxidization of products. All of the aforementioned prospects are resulting in high demand for closed loop spray dryer machines through 2033.

Competitive Landscape

Leading spray drying equipment manufacturers are focusing on launching new products that allow them to extend their competitive advantage and strengthen their stance in the global marketplace.

• Buchi Labortechnik AG, a leading provider of laboratory technologies and a renowned name in the R&D services industry, announced the launch of its new spray dryer in June 2022. The Mini Spray Dryer S-300 is an automated system that is capable of regulating drying gas, pump speed, and other factors to ensure the protection of heat-sensitive products as well.

Prime spray drying system suppliers are also opting for different strategies that allow them to expand their business scope and revenue generation potential to gain a competitive advantage over other companies

• In November 2021, Hovione, an established name in the particle engineering and spray drying marketplace, announced that it was investing around US$ 170 million to increase its global capacity by nearly 25%. The investment was intended to be directed toward facilities in New Jersey, Portugal, and Ireland.

More detailed insights regarding mergers, acquisitions, collaborations, and other strategies adopted by established market participants such as SPX Flow Technology, Yamato Scientific America, Shandong Shungeng Drying Equipment Co. Ltd., etc. are listed in this latest Fact.MR market research report.

Key Segments of Spray Drying Equipment Industry Research

• By Product Type :

  • Rotary Atomizers
  • Nozzle Atomizers
  • Fluidized
  • Centrifugal
  • Closed Loop

• By Capacity :

  • Small (Up to 2 Tons/Hr.)
  • Medium (2 to 50 Tons/Hr.)
  • Large (More than 50 Tons/Hr.)

• By Operating Principle :

  • Direct Drying
  • Indirect Drying

• By Cycle Type :

  • Open Loop Systems
  • Closed Loop Systems

• By Flow :

  • Co-Current Flow Spray Dryers
  • Counter-Current Flow Spray Dryers
  • Mixed Flow Spray Dryers

• By End-use Industry :

  • Food & Beverages
  • Chemicals
  • Pharmaceuticals
  • Others (Feed, Paper & Pulp, etc.)

• By Region :

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA