Industrial Dryer Market

Industrial Dryer Market Outlook (2024 to 2034)

Fact.MR, in its newly published study, says that the global industrial dryer market size is pegged at US$ 6,452.3 million in 2024. The global market is forecasted to increase at 5.1% CAGR and reach a market value of US$ 10,610.6 million by the end of 2034.

The industrial dryer market size is expected to experience growth opportunities in emerging economies, attributed to the expansion of the pharmaceutical and chemical industries. The critical role of industrial dryers in drying active pharmaceutical ingredients and chemicals is fundamental to the production of high quality, safe, and effective pharmaceuticals and chemicals.

In pharmaceutical manufacturing, active pharmaceutical ingredients often need to be dried to precise moisture levels. Industrial dryers provide the necessary control and precision in the drying process to ensure the stability and efficacy of pharmaceutical formulations.

The pharmaceutical industry operates under stringent quality standards and regulatory requirements. Industrial dryers contribute to quality assurance by enabling the uniform and controlled drying of APIs, minimizing the risk of degradation and ensuring consistent product quality.

Chemical manufacturing involves various synthesis processes that may produce wet or solvent-laden products. Industrial dryers play a crucial role in removing moisture or solvents from chemicals, contributing to the final product's purity and stability.

Report Attributes	Details
Industrial Dryer Market Size (2024E)	US$ 6,452.3 million
Forecasted Market Value (2034F)	US$ 10,610.6 million
Global Market Growth Rate (2024 to 2034)	5.1% CAGR
North America Market Share (2034F)	36.9%
Demand Growth in Japan (2024 to 2034)	5.6% CAGR
China Market Value (2034F)	US$ 1,976.0 million
Demand for Fluidized Bed Dryer (2034F)	US$ 2,461.7 million
Revenue Share of Indirect Drying Segment (2034F)	54.8%
Key Companies Profiled	Metso Corporation ThyssenKrupp AG ANDRITZ AG Buhler AG GEA Group Carrier Vibrating Equipment, Inc. HEINKEL Drying and Separation Group Spooner Industries Ltd Changzhou Yibu Drying Equipment Co., Ltd Mitchell Dryers Ltd.

Which Market Trends are Opening New Opportunities for Manufacturers?

“Advancements in Technology to Fuel the Market Growth”

The adoption of advanced technologies, including IoT integration, automation, and smart controls, in industrial dryers can significantly enhance efficiency, streamline operations, and reduce energy consumption. Industrial dryers equipped with IoT sensors allow for real-time monitoring of various parameters such as temperature, humidity, and energy consumption. The data can be accessed remotely, enabling operators to keep track of the drying process from anywhere.

IoT sensors can collect data on the performance of dryer components. Analyzing this data using machine learning algorithms enables predictive maintenance, allowing operators to address potential issues before they result in downtime, which can reduce maintenance costs and improve overall equipment efficiency.

“Rise in Manufacturing Activities to Accelerate the Market Growth”

Growing manufacturing activities often result from an expanding market for goods and products. Manufacturers need to scale up production volumes to meet market requirements, as demand for various goods increases. The increased production necessitates efficient and reliable industrial drying solutions to process and prepare raw materials and finished products.

Industries such as pharmaceuticals and food and beverages operate under strict quality and safety standards. Proper drying is often a critical step in ensuring that products meet regulatory requirements. Manufacturers invest in advanced industrial dryers to adhere to these standards and deliver high quality, compliant products.

“Growth in Food and Beverage Industry to Contribute Significantly”

The food and beverage industry has witnessed a surge in the demand for processed and convenience foods. The products often involve the use of industrial dryers in various stages of production, such as drying fruits, vegetables, and other ingredients used in snacks, cereals, and baked goods.

Industrial dryers are essential for removing moisture from food products, herbs, and spices. The drying process is crucial for preserving the quality and extending the shelf life of these items. The growth of microorganisms and the risk of spoilage are minimized, by reducing the water content.

The food and beverage industry relies heavily on herbs and spices to enhance the flavor profiles of products. Industrial dryers are used to dry herbs and spices efficiently, preserving their aromatic and flavorful qualities, which is essential for maintaining the consistency and quality of food products. Industrial dryers enable the efficient processing of food products in bulk quantities. The use of industrial dryers allows for consistent and high-volume production, whether it is drying grains, pasta, or other ingredients, meeting the demands of a growing market.

Which Factor is Restraining the Demand for Industrial Dryer?

“High Initial Investment Costs to Restrain the Market Growth”

Industrial drying equipment is often specialized and designed to meet the specific requirements of different industries. The purchase costs for these machines can be substantial, and businesses may need to invest in equipment tailored to their particular processes and materials.

Engineering and Installation Beyond the equipment purchase, businesses must consider the costs associated with the installation and setup of industrial drying systems, which may involve hiring specialized technicians or engineers to ensure proper integration with existing production lines.

Installing industrial drying equipment may require modifications to existing facilities, including the allocation of sufficient space and adjustments to utilities such as electricity and ventilation. The costs associated with these modifications can contribute significantly to the overall investment. Once the equipment is installed, employees need to be trained to operate and maintain it effectively. Training programs may incur additional costs, and the time required for employees to become proficient in using the new technology should be considered.

What Strategy Should Start-ups Incorporate to Enhance Their Market Presence?

“E-Commerce and Logistics is Key to Gaining Competitive Edge”

The growth of e-commerce and logistics has reshaped the retail landscape, creating a significant demand for efficient drying processes in packaging and material handling. Proper drying is crucial in various aspects of the e-commerce and logistics supply chain, ensuring the integrity of products during storage and transit. E-commerce shipments are exposed to various environmental conditions during transportation, including rain and humidity.

Efficient drying processes are essential for packaging materials to protect products from moisture, which is particularly critical for goods that are sensitive to water damage, such as electronics, paper products, and certain foods. Warehousing and storage facilities in the logistics chain can be prone to fluctuations in temperature and humidity. Proper drying of stored goods helps prevent the growth of mold and mildew, ensuring that products remain in optimal condition while awaiting shipment.

Country-wise Insights

Fact.MR, a market research and competitive intelligence provider, asserts in its newly published study that North America is predicted to hold a 36.9% share of the global market by 2034. Manufacturers focusing on providing customized solutions and innovating their product offerings to meet specific industry requirements and improve overall performance.

What is the Scenario of the Market in the United States?

“Pharmaceutical and Chemical Manufacturing to Augment the Growth”

Attribute	United States
Market Value (2024E)	US$ 1,563.1 million
Growth Rate (2024 to 2034)	5.0% CAGR
Projected Value (2034F)	US$ 2,541.0 million

The United States is predicted to account for 64.9% of the North American market by 2034. The pharmaceutical and chemical industries in the U.S. are major users of industrial dryers for processes like drying active pharmaceutical ingredients and chemicals. The expansion of these industries contributes to market growth.

Adoption of advanced technologies in industrial drying processes, such as smart controls, automation, and energy-efficient solutions, enhances the efficiency of manufacturing operations and boosts the demand for modern industrial dryers.

The construction industry's resurgence and increased demand for building materials can drive the need for industrial dryers in the production of construction materials like cement, tiles, and bricks.

What is Projected to Propel Demand for Industrial Dryer in China?

“Rapid Industrialization in China to Fuel the Demand”

Attribute	China
Market Value (2024E)	US$ 1,119.3 million
Growth Rate (2024 to 2034)	5.8% CAGR
Projected Value (2034F)	US$ 1,976.0 million

China is forecasted to hold a 57.3% share of East Asia market revenue by 2034. China's ongoing rapid industrialization, particularly in sectors such as manufacturing, chemicals, and pharmaceuticals, is a significant driver for the demand for industrial dryers in various applications.

The expansion of the manufacturing sector in China, covering industries such as textiles, chemicals, food and beverages, and electronics, contributes to the increased adoption of industrial dryers for production processes.

China's emphasis on energy efficiency and sustainable manufacturing practices is leading to the adoption of energy-efficient industrial drying technologies to reduce operational costs and environmental impact. The growth of the agricultural sector and food processing industries in China contributes to the demand for industrial dryers for drying agricultural produce, food ingredients, and processed foods.

What is Projected to Propel Demand for Industrial Dryer in Japan?

“High Tech Industries to Enhance Market Prospects”

Attribute	Japan
Market Value (2024E)	US$ 599.9 million
Growth Rate (2024 to 2034)	5.6% CAGR
Projected Value (2034F)	US$ 1,031.1 million

Japan is anticipated to hold a 29.9% share of East Asia market revenue by 2034. Japan is a hub for high-tech industries, including electronics, semiconductor manufacturing, and robotics. The production processes in these industries often involve the use of industrial dryers for precision and quality control.

Japan is known for adopting advanced technologies rapidly, which includes the incorporation of smart controls, automation, and other cutting-edge features in industrial drying systems. Japan's focus on research and innovation is reflected in the manufacturing sector, where companies are likely to adopt innovative industrial drying solutions to improve efficiency and product quality.

Industries with precision manufacturing needs, such as the production of optical and electronic components, often require industrial dryers to ensure the quality and reliability of the final products. The healthcare and biotechnology sectors in Japan are likely to contribute to the demand for industrial dryers for processes such as sterilization and drying in pharmaceutical and biotech manufacturing.

Category-wise Insights

Based on product type, global demand for industrial dryer is projected to rise significantly in the fluidized bed dryer segment. Fluidized bed dryers are versatile and suitable for processing a wide range of materials, including powders, granules, crystals, and even agglomerates. The versatility makes them applicable across various industries.

Which Product Type to Contribute Significantly in the Sales of Industrial Dryer?

“Fluidized Bed Dryer is expected to Accelerate the Demand for Industrial Dryer”

Attribute	Fluidized Bed Dryer
Segment Value (2024E)	US$ 1,561.5 million
Growth Rate (2024 to 2034)	4.7% CAGR
Projected Value (2034F)	US$ 2,461.7 million

The fluidized bed dryer segment of industrial dryer is forecasted to hold 23.2% of the market share by 2034. Fluidized bed dryers offer excellent uniformity in drying due to the fluidization of particles, ensuring that each particle is exposed to the drying medium consistently, which results in uniform moisture removal from the material being processed.

The fluidized bed drying process is known for its gentle handling of materials, which is particularly beneficial for heat-sensitive products or materials that may be prone to degradation or changes in physical properties during drying. Fluidized bed dryers provide high heat transfer rates, leading to efficient and rapid drying of materials. The high heat transfer capability contributes to shorter drying times, improving overall process efficiency.

Which Operating Principle of Industrial Dryer is set to Occupy a Leading Market Share?

“Indirect Drying Segment is Expected to be the Dominant Operating Principle”

Attribute	Indirect Drying
Segment Value (2024E)	US$ 3,555.2 million
Growth Rate (2024 to 2034)	5.0% CAGR
Projected Value (2034F)	US$ 5,814.6 million

The indirect drying segment is predicted to occupy a 54.8% share of the global market by 2034. Indirect drying is known for its gentle drying process, making it suitable for heat-sensitive materials or products that may be prone to degradation or changes in quality when exposed to direct heat.

In indirect drying, the drying medium does not come into direct contact with the material being dried, which reduces the risk of contamination, making indirect dryers suitable for applications where product purity is critical, such as in the pharmaceutical and food industries.

Indirect dryers allow for better control over temperature and humidity during the drying process. The precise control is advantageous for maintaining the desired characteristics of the material being processed.

Competitive Landscape

Major players in the industrial dryer sector are deploying a range of strategies to achieve their goals. The initiatives include fostering innovation, enforcing stringent quality control measures for their offerings, forging strategic partnerships, fine-tuning supply chain management systems, and consistently enhancing their products and technologies.

Company Portfolio

• GEA Group AG: GEA Group is a global technology company that provides industrial drying solutions for various industries, including food processing and environmental technologies.
• ANDRITZ AG: ANDRITZ is an Austrian multinational corporation that focuses on providing industrial systems, equipment, and services for various sectors, including pulp and paper, water treatment, and energy.

Metso Corporation, ThyssenKrupp AG, ANDRITZ AG, Buhler AG, GEA Group, Carrier Vibrating Equipment, Inc., HEINKEL Drying and Separation Group, Spooner Industries Ltd, Changzhou Yibu Drying Equipment Co., Ltd, and Mitchell Dryers Ltd. are key players in the market.

Segmentation of Industrial Dryer Market Research

• By Product Type

  • Fluidized Bed Dryer
  • Batch
  • Continuous
  • Rotary Dryer
  • Spray Dryer
  • Flash Dryer
  • Vacuum Dryer
  • Others

• By Operating Principle

  • Direct Drying
  • Indirect Drying

• By Region

  • North America
  • Europe
  • East Asia
  • Latin America
  • Middle East & Africa
  • South Asia & Oceania