Spray Drying Equipment Market

Spray Drying Equipment Market by Product Type (Rotary Atomizer, Nozzle Atomizer, Fluidized, Centrifugal), Application (Food, Pharmaceutical, Chemical, Feed), Cycle Type, Drying Stage, Flow Type, Region - Global Forecast to 2025

Report Code: FB 4895 Oct, 2020, by marketsandmarkets.com

[205 Pages Report] The global spray drying equipment market size is estimated at USD 4.5 billion in 2020 and is projected to grow at a CAGR of 5.7% to reach USD 6.0 billion by 2025. The market has a promising growth potential due to several factors, including the rising consumption of processed and RTE food products and technological innovation in the field of spray drying equipment.

Global Spray drying equipment Market Trends

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COVID-19 Impact on the Global Spray drying equipment Market

The significant impact of the COVID-19 pandemic on the growth of the spray drying equipment market can be seen in its application areas. The major application areas of spray drying equipment include food & beverage, which witnessed a decrease in production in the first and second quarters of the year. However, the demand for these products is projected to increase majorly from the third quarter of 2020 due to the increase in demand for processed food products such as milk powders, ready-to-eat foods, and packaged foods. Another major sector that has been positively impacted is the pharmaceutical industry. The production of active pharmaceutical ingredients (API) and vaccines by spray drying equipment has been a constantly growing industry. The ability of manufacturers of spray drying equipment to produce fine, uniform micron size particles, as well as heat-sensitive vaccines, are two important factors that are projected to encourage the usage of spray drying equipment in the pharmaceutical industry.

One of the new emerging application areas of spray drying equipment in the market is ceramics and specialty chemicals, which might witness a moderate impact due to the COVID-19 pandemic. Since these are new industries, the investment is projected to decrease from the demand side. Customers might not invest in new projects due to the instability in the market post-COVID-19 pandemic. 

Spary drying equipment Market Dynamics 

Driver: Increase in the consumption of processed and RTE Foods

Ready-to-eat (RTE) foods, as the name suggests, refer to that form of animal or plant-derived food products or a combination that can be offered to customers after being pre-washed, pre-cooked, processed, and frozen. Hence, they do not require elaborate processing by end-consumers before consumption; thus, saving their time and energy. According to the US Food Code, RTE foods, also known as ready meals, packed foods, or instant ready meals, is the largest segment globally in the overall conventional and non-conventional food industry due to higher consumer acceptance of food products. Further, changes in the lifestyle of consumers over the last decade due to rapid urbanization have led to a high demand for processed and ready-to-eat food products. A steep rise in dual-income levels, standards of living and the demand for convenience have also led to an increase in the busy lifestyles of consumers.

Thus, processed food manufacturers are opting for spray drying technologies. For instance, maltodextrin acts as a food additive in confectioneries and is widely used in sports and wellness products; maltodextrin is usually a spray-dried powder extracted from corn starch. The significant rise in demand for maltodextrin has led to an increase in the usage of spray dryers among food additive manufacturers and has reflected on the spray drying equipment market positively.

Restraint: High installation and operational cost

Spray drying is offered at high costs from the equipment required and its continuous operations. Main auxiliary equipment is equally expensive, regardless of atomizer type and dryer capacity. Spray dryers generally have low thermal efficiencies due to the large volume of hot air that circulates in the chamber without contacting the particles. Additionally, spray dryers that utilize two-fluid nozzles require compressed gas for atomizing. Without factoring in labor and maintenance costs, the high energy and pressure requirements already add to the overhead costs.

Apart from these factors, spray dryers also have high maintenance costs, mostly for the nozzles used. One-fluid nozzle and two-fluid nozzles are particularly prone to clogging and abrasion at the nozzle mouth. Rotary disc atomizers suffer from internal corrosion due to the number of moving parts in direct contact with the powders. Finally, issues with the powder sticking to the internal chamber walls further contribute to cleaning costs and profit losses.

Opportunity: Increase in encapsulation application in food products

Spray drying technique has been widely used for drying heat-sensitive foods, pharmaceuticals, and other substances, as it witnesses rapid solvent evaporation from the droplets. Although it is most often considered a dehydration process, and spray drying can also be used as an encapsulation method when it entraps ‘active’ material within a protective matrix, which is essentially inert to the material being encapsulated. As compared to the other conventional microencapsulation techniques, it offers the advantage of producing microcapsules in a relatively simple, continuous processing operation.

Recently, the spray drying technique has been widely used for encapsulation techniques. Encapsulation using spray drying is highly preferred due to economic advantages as compared to the other encapsulation methods. Encapsulation of oils and food products using the spray drying technique is done to enhance the handling properties of products and improve the oxidation stability by protecting the bioactive compounds.

Challenge: Infrastructural challenges in developing countries

The saturated markets of developed countries encourage manufacturers of spray drying equipment to search for untapped markets and find new consumer bases. This requires substantial investments in various aspects of business expansion, particularly with regard to the establishment of new facilities in developing countries. Apart from internal investments in facilities, manufacturers also need to spend increasingly on the development of efficient supply chain management and the storage of raw materials and finished goods. Although low raw material prices and labor costs benefit the companies, the investment costs for infrastructural development is a major challenge. Therefore, key players in the spray drying equipment market need to work with government organizations to make them affordable for manufacturers of food products. 

Spray drying equipment Market Ecosystem

Spray Drying Equipment Market Ecosystem

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On the basis of product type, the rotary atomizer segment is projected to be the larget segment during the forecast period

Rotary atomizers convert feed into fine droplets by spraying them through a high-speed rotating perforated disc, which is known as rotary disc atomization. Their ability to produce uniform and fine particle size for non-viscous fluids is one of the main factors that has led to an increase in demand for rotary atomizers.

On the basis of application, the food segment is projected to be the larget segment during the forecast period

The quick process of spray drying is largely used in the food industry, particularly in the dairy sector. Dairy products, such as milk, whey, cheese, buttermilk, butter, and dry creamers, are common items made using the spray drying technique. Instant coffee, dry creamers, and instant soups are also a few end-products that utilize spray-drying technology. It has a wide range of applications, which include food ingredients and the conversion of fruit & vegetable juices into instant mixes, instant coffee mixes, and drying of eggs and dairy products.

On the basis of cycle type, the closed cycle segment is projected to witness the highest growth in the market

The closed cycle spray dryer is estimated to hold a market size of USD 1,151.2 million in 2020. This type of spray drying process is preferred when there are environmental issues. The efficiency is also higher in the closed cycle spray drying process. This type of drying process also absorbs lesser thermal energy and increases the overall quality of the final product. These types of spray dryers are primarily used in the pharmaceutical industry for the production of special drugs and vaccines. 

Spray Drying Equipment Market By Region

Asia Pacific is projected to be the fastest growing region in the spray drying equipment market.

The Asia Pacific region is projected to be the fastest-growing market for spray drying equipment. India is one of the largest producers of milk in the world. Hence, the market for spray drying has been consistently witnessing growth in the Indian dairy processing equipment market. The market for infant formula and baby food has growth potential in countries such as China, Japan, and India. This would lead to an increase in demand for spray drying equipment.

Key Market Players

Many domestic and global players provide spray drying equipment to improve animal health and performance. Major manufacturers have their presence in the European and Nprth America countries. The key companies in the spray drying equipment market are GEA Group (Germany), SPX Flow (US), Shandong Tianli Drying Technology & Equipment (China), Buchi Labortechnik AG (Switzerland), and European SprayDry Technologies (UK). Various strategies, such as expansions, mergers & acquisitions, and new product launches, were adopted by the key companies to remain competitive in the dairy processing equipment market. 

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Scope of the Report

Report Metric

Details

Market size estimation

2018–2025

Base year considered

2019

Forecast period considered

2020–2025

Units considered

Value (USD)

Segments covered

Product type, application, flow type, cycle type, drying stage, and Region

Regions covered

North America, Asia Pacific, Europe, and RoW

Companies studied

GEA Group AG (Germany), SPX Flow (US), Shandong Tianli Drying Technology & Equipment (China), European Spraydry Technologies (UK), Buchi Labortechnik AG (Switzerland), and Labplant (UK), Advanced Drying Systems (India), Freund Vector Corporation (US), Dedert Corporation (US), Carrier Vibrating Equipment Inc. (US), and Yamato Scientific America (US), Tetra Pak International SA (Switzerland), G Larsson Starch Technology AB (Sweden), Hemraj Enterprise (India), and Acmefil Engineering Systems Pvt. Ltd. (India).

This research report categorizes the dairy processing equipment market based on  product type, application, operation and region.

On the basis of product type, the spray drying equipment market has been segmented as follows:

  • Rotary atomizers
  • Nozzle atomizers
  • Fluidized
  • Centrifugal
  • Other product types 

On the basis of application, the spray drying equipment market has been segmented as follows:

  • Food
  • Feed
  • Chemical
  • Pharmaceutical
  • Other application 

On the basis of cycle type, the spray drying equipment market has been segmented as follows:

  • Closed type
  • Open type

On the basis of flow type, the spray drying equipment market has been segmented as follows:

  • Co-current
  • Counter current
  • mixed

On the basis of drying stage, the spray drying equipment market has been segmented as follows:

  • single stage
  • two stage
  • multi stage 

On the basis of region, the dairy processing equipment market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • RoW (South America, Africa and the Middle East)

Recent Developments

  • In May 2018,Dedert Corporation opened a new food-grade spray test facility in Illinois. This would help the company to increase its customer base in the US market.
  • In October 2016, European Spraydry Technologies launched the ESDT15 spray dryer fro small-scale industries. The company focusses on offering small-scale and laboratory specific spray-drying equipment to gain a wider reach among commercial as well as academic customers.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 21)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
        FIGURE 1 MARKET SEGMENTATION
    1.4 REGIONS COVERED
    1.5 PERIODIZATION CONSIDERED
    1.6 CURRENCY CONSIDERED
        TABLE 1 USD EXCHANGE RATES CONSIDERED, 2017–2019
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 26)
    2.1 RESEARCH DATA
        FIGURE 2 SPRAY DRYING EQUIPMENT MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primary interviews
                            FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                 FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                 FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION
        FIGURE 6 DATA TRIANGULATION METHODOLOGY
    2.4 RESEARCH ASSUMPTIONS
    2.5 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 34)
  FIGURE 7 ROTARY ATOMIZER SPRAY DRYERS TO BE THE LARGEST MARKET DURING FORECAST PERIOD
  FIGURE 8 FOOD SEGMENT IS ESTIMATED TO BE THE MOST ATTRACTIVE APPLICATION SEGMENT IN 2020
  FIGURE 9 CLOSED CYCLE SEGMENT TO RECORD A HIGHER CAGR DURING THE FORECAST PERIOD
  FIGURE 10 CO-CURRENT FLOW TYPE TO OCCUPY A MAJOR SHARE IN 2020
  FIGURE 11 SINGLE STAGE SEGMENT TO DOMINATE THE MARKET IN 2025
  FIGURE 12 ASIA PACIFIC IS PROJECTED TO BE THE FASTEST-GROWING MARKET DURING THE FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 38)
    4.1 OPPORTUNITIES IN THE SPRAY DRYING EQUIPMENT MARKET
        FIGURE 13 RISE IN CONSUMPTION OF PROCESSED AND READY-TO-EAT FOODS HAS LED TO AN INCREASE IN DEMAND FOR SPRAY DRYING EQUIPMENT
    4.2 SPRAY DRYING EQUIPMENT MARKET, BY TYPE AND REGION
        FIGURE 14 NORTH AMERICA IS ESTIMATED TO DOMINATE THE SPRAY DRYING EQUIPMENT MARKET IN 2020
    4.3 ASIA PACIFIC: SPRAY DRYING EQUIPMENT MARKET, BY OPERATION AND COUNTRY
        FIGURE 15 CHINA IS ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE IN 2020
    4.4 SPRAY DRYING EQUIPMENT MARKET, BY KEY COUNTRY
        FIGURE 16 INDIA TO BE THE FASTEST-GROWING MARKET DURING THE FORECAST PERIOD FOR SPRAY DRYING EQUIPMENT

5 MARKET OVERVIEW (Page No. - 42)
    5.1 INTRODUCTION
           5.1.1 MACROECONOMIC INDICATORS
                    5.1.1.1 Increase in demand for multi-functional equipment
    5.2 MARKET DYNAMICS
        FIGURE 17 INCREASE IN DEMAND FOR PROCESSED FOOD ITEMS & NEW TECHNOLOGICAL ADVANCEMENTS TO DRIVE THE GROWTH OF THE SPRAY DRYING EQUIPMENT MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increase in the consumption of processed and RTE foods
                    5.2.1.2 Technological innovations and advancements in the spray drying equipment
                            TABLE 2 VARIOUS APPLICATIONS OF NANO SPRAY DRYING TECHNOLOGY
                    5.2.1.3 Reduced thermal damages and increased shelf life of final products
           5.2.2 RESTRAINTS
                    5.2.2.1 High installation and operational cost
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increase in encapsulation applications of food products
                            TABLE 3 APPLICATIONS OF ENCAPSULATED OILS USING SPRAY DRYING TECHNIQUE IN SEVERAL FUNCTIONAL FOOD PRODUCTS
                    5.2.3.2 New applications in the pharmaceutical and ceramic industries
           5.2.4 CHALLENGES
                    5.2.4.1 Infrastructural challenges in developing countries
    5.3 VALUE CHAIN ANALYSIS
        FIGURE 18 VALUE CHAIN ANALYSIS
           5.3.1 RESEARCH & PRODUCT DEVELOPMENT
           5.3.2 REGISTRATION
           5.3.3 MANUFACTURING
           5.3.4 DISTRIBUTION, MARKETING, AND SALES
           5.3.5 POST-SALES SERVICES
    5.4 SUPPLY CHAIN
        FIGURE 19 SUPPLY CHAIN
    5.5 TECHNOLOGY ANALYSIS
    5.6 MARKET ECOSYSTEM
    5.7 PATENT ANALYSIS
        FIGURE 20 NUMBER OF PATENTS GRANTED FOR SPRAY DRYING EQUIPMENT, 2017–2020
        FIGURE 21 REGIONAL ANALYSIS: PATENT APPROVAL FOR SPRAY DRYING EQUIPMENT, 2017–2020
        TABLE 4 LIST OF IMPORTANT PATENTS PERTAINING TO SPRAY DRYING EQUIPMENT, 2017–2020
    5.8 YC–YCC SHIFTS IN THE SPRAY DRYING EQUIPMENT MARKET
        FIGURE 22 DEMAND FOR SPRAY DRYING EQUIPMENT IN THE PRODUCTION OF PROCESSED FOODS IS THE NEW HOT BET IN THE MARKET
    5.9 CASE STUDY ANALYSIS
           5.9.1 SAMPLE: DAIRY PROCESSING EQUIPMENT MARKET – GLOBAL FORECAST TO 2025

6 IMPACT OF COVID-19 ON THE SPRAY DRYING EQUIPMENT MARKET (Page No. - 55)
  FIGURE 23 COVID-19: GLOBAL PROPAGATION
  FIGURE 24 COVID-19 PROPAGATION: SELECT COUNTRIES
    6.1 COVID-19 IMPACT ON THE SPRAY DRYING EQUIPMENT MARKET
        FIGURE 25 CHART OF PRE- & POST-COVID SCENARIOS IN THE SPRAY DRYING EQUIPMENT MARKET

7 SPRAY DRYING EQUIPMENT MARKET, BY PRODUCT TYPE (Page No. - 58)
    7.1 INTRODUCTION
        FIGURE 26 SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020 VS. 2025 (USD MILLION)
        TABLE 5 SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2016- 2019 (USD MILLION)
        TABLE 6 SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
    7.2 ROTARY ATOMIZER
           7.2.1 ABILITY TO PRODUCE FINE AND SMALL GRANULES FROM COARSE DROPLETS DRIVES THE MARKET GROWTH OF ROTARY ATOMIZERS
                 TABLE 7 ROTARY ATOMIZER SPRAY DRYING EQUIPMENT MARKET SIZE, BY REGION, 2016–2018 (USD MILLION)
                 TABLE 8 ROTARY ATOMIZER SPRAY DRYING EQUIPMENT MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
    7.3 NOZZLE ATOMIZER
           7.3.1 FLEXIBILITY TO CHANGE THE NOZZLE SIZE AS PER THE REQUIREMENTS OF FINAL PRODUCTS ENCOURAGES PREFERENCE FOR NOZZLE ATOMIZER AMONG CUSTOMERS
                 TABLE 9 NOZZLE ATOMIZER SPRAY DRYING EQUIPMENT MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 10 NOZZLE ATOMIZER SPRAY DRYING EQUIPMENT MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
    7.4 FLUIDIZED
           7.4.1 FLUIDIZED SPRAY DRYERS ARE CONSIDERED SUITABLE FOR HEAT-SENSITIVE PRODUCTS AS THEY HELP IN MAINTAINING LOW-TEMPERATURE THROUGHOUT THE PROCESS
                 TABLE 11 FLUIDIZED SPRAY DRYING EQUIPMENT MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 12 FLUIDIZED SPRAY DRYING EQUIPMENT MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
    7.5 CENTRIFUGAL
           7.5.1 CENTRIFUGAL SPRAY DRYERS ARE USED TO REDUCE THE DRYING TIME OF THE FINAL POWDERED PRODUCTS
                 TABLE 13 CENTRIFUGAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY REGION, 2016- 2019 (USD MILLION)
                 TABLE 14 CENTRIFUGAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
    7.6 OTHER PRODUCT TYPES
           7.6.1 LABORATORY-SPECIFIC MINI SPRAY DRYERS ENABLE R&D DEPARTMENTS TO CONDUCT PILOT TESTING OF PRODUCTS PRIOR TO COMMERCIALIZATION
                 TABLE 15 OTHER SPRAY DRYING EQUIPMENT MARKET SIZE, BY REGION, 2016–2018 (USD MILLION)
                 TABLE 16 OTHER SPRAY DRYING EQUIPMENT MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)

8 SPRAY DRYING EQUIPMENT MARKET, BY APPLICATION (Page No. - 66)
    8.1 INTRODUCTION
        TABLE 17 SOME PATENTS FOR SPRAY DRYING TECHNOLOGY IN VARIOUS SEGMENTS
        FIGURE 27 SPRAY DRYING EQUIPMENT MARKET SIZE, BY APPLICATION, 2020 VS. 2025 (USD MILLION)
        TABLE 18 SPRAY DRYING EQUIPMENT MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
        TABLE 19 SPRAY DRYING EQUIPMENT MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
    8.2 FOOD
           8.2.1 RISE IN CONSUMPTION OF PROCESSED AND RTE FOODS HAS LED TO AN INCREASE IN DEMAND FOR SPRAY DRYING EQUIPMENT IN THE FOOD INDUSTRY
                 TABLE 20 SPRAY DRYING EQUIPMENT MARKET SIZE FOR FOOD, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 21 SPRAY DRYING EQUIPMENT MARKET SIZE FOR FOOD, BY REGION, 2020–2025 (USD MILLION)
    8.3 PHARMACEUTICAL
           8.3.1 ADOPTION OF NOVEL DRUG TECHNOLOGIES SUCH AS ENCAPSULATION AND VACCINE PRODUCTION IS A KEY FACTOR DRIVING THE DEMAND FOR SPRAY DRYING IN THE PHARMACEUTICAL INDUSTRY
                 TABLE 22 SPRAY DRYING EQUIPMENT MARKET SIZE FOR PHARMACEUTICAL, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 23 SPRAY DRYING EQUIPMENT MARKET SIZE FOR PHARMACEUTICAL, BY REGION, 2020–2025 (USD MILLION)
    8.4 CHEMICAL
           8.4.1 PRODUCTION OF DYES USED IN THE FABRICS AND METAL INDUSTRIES DRIVES THE DEMAND FOR SPRAY DRYING EQUIPMENT
                 TABLE 24 SPRAY DRYING EQUIPMENT MARKET SIZE FOR CHEMICAL, BY REGION, 2018–2025 (USD MILLION)
                 TABLE 25 SPRAY DRYING EQUIPMENT MARKET SIZE FOR CHEMICAL, BY REGION, 2020–2025 (USD MILLION)
    8.5 FEED
           8.5.1 SPRAY DRYING EQUIPMENT IS USED TO PRODUCE COARSE GRAIN FOR FEED PRODUCTS BY TAKING OUT THE MOISTURE FROM LIQUID FEEDS
                 TABLE 26 SPRAY DRYING EQUIPMENT MARKET SIZE FOR FEED, BY REGION, 2018–2025 (USD MILLION)
                 TABLE 27 SPRAY DRYING EQUIPMENT MARKET SIZE FOR FEED, BY REGION, 2020–2025 (USD MILLION)
    8.6 OTHER APPLICATIONS
           8.6.1 INCREASE IN USE OF AGROCHEMICALS SUCH AS FERTILIZERS AND PESTICIDES TO DRIVE THE MARKET GROWTH OF SPRAY DRYING EQUIPMENT
                 TABLE 28 SPRAY DRYING EQUIPMENT MARKET SIZE FOR OTHER APPLICATIONS, BY REGION, 2018–2025 (USD MILLION)
                 TABLE 29 SPRAY DRYING EQUIPMENT MARKET SIZE FOR OTHER APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)

9 SPRAY DRYING EQUIPMENT MARKET, BY CYCLE TYPE (Page No. - 75)
    9.1 INTRODUCTION
        FIGURE 28 SPRAY DRYING EQUIPMENT MARKET SIZE, BY CYCLE TYPE, 2020 VS. 2025 (USD MILLION)
        TABLE 30 SPRAY DRYING EQUIPMENT MARKET SIZE, BY CYCLE TYPE, 2016–2018 (USD MILLION)
        TABLE 31 SPRAY DRYING EQUIPMENT MARKET SIZE, BY CYCLE TYPE, 2020–2025 (USD MILLION)
    9.2 OPEN CYCLE
           9.2.1 MAJORITY OF PRODUCTS USE OPEN CYCLE TYPE OF SPRAY DRYER TO USE ATMOSPHERIC GAS AS THE DRYING AGENT
                 TABLE 32 SPRAY DRYING EQUIPMENT MARKET SIZE FOR OPEN CYCLE, BY REGION, 2016–2018 (USD MILLION)
                 TABLE 33 SPRAY DRYING EQUIPMENT MARKET SIZE FOR OPEN CYCLE, BY REGION, 2020–2025 (USD MILLION)
    9.3 CLOSED CYCLE
           9.3.1 CLOSED CYCLE SPRAY DRYERS ARE PREFERRED IN THE MANUFACTURE OF PHARMA PRODUCTS AS THEY ARE HEAT-SENSITIVE AND CANNOT BE EXPOSED TO ATMOSPHERIC AIR
                 TABLE 34 SPRAY DRYING EQUIPMENT MARKET SIZE FOR CLOSED CYCLE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 35 SPRAY DRYING EQUIPMENT MARKET SIZE FOR CLOSED CYCLE, BY REGION, 2020–2025 (USD MILLION)

10 SPRAY DRYING EQUIPMENT MARKET, BY DRYING STAGE (Page No. - 80)
     10.1 INTRODUCTION
          FIGURE 29 SPRAY DRYING EQUIPMENT MARKET SIZE, BY DRYING STAGE, 2020 VS. 2025 (USD MILLION)
          TABLE 36 SPRAY DRYING EQUIPMENT MARKET SIZE, BY DRYING STAGE, 2016–2019 (USD MILLION)
          TABLE 37 SPRAY DRYING EQUIPMENT MARKET SIZE, BY DRYING STAGE, 2020–2025 (USD MILLION)
     10.2 MULTI-STAGE
             10.2.1 PRODUCTS DERIVED FROM OILS AND DISPERSION LIQUIDS THAT REQUIRE MORE THAN ONE STAGE TO OBTAIN THE DESIRED DRYNESS ENCOURAGE THE DEMAND FOR MULTI-STAGE SPRAY DRYERS
                    TABLE 38 SPRAY DRYING EQUIPMENT MARKET SIZE FOR MULTI-STAGE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 39 SPRAY DRYING EQUIPMENT MARKET SIZE FOR MULTI-STAGE, BY REGION, 2020–2025 (USD MILLION)
     10.3 TWO-STAGE
             10.3.1 TWO-STAGE SPRAY DRYERS USE FLUID BED TO RETAIN SOME MOISTURE IN THE FINAL DRIED PRODUCTS
                    TABLE 40 SPRAY DRYING EQUIPMENT MARKET SIZE FOR TWO-STAGE, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 41 SPRAY DRYING EQUIPMENT MARKET SIZE FOR TWO-STAGE, BY REGION, 2020–2025 (USD MILLION)
     10.4 SINGLE STAGE
             10.4.1 PRODUCTS SUCH AS MILK POWDERS THAT REQUIRE HIGH HEAT TO BE DRIED COMPLETELY INCREASE THE DEMAND FOR SINGLE-STAGE SPRAY DRYERS IN THE MARKET
                    TABLE 42 SPRAY DRYING EQUIPMENT MARKET SIZE FOR SINGLE STAGE, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 43 SPRAY DRYING EQUIPMENT MARKET SIZE FOR SINGLE STAGE, BY REGION, 2020–2025 (USD MILLION)

11 SPRAY DRYING EQUIPMENT MARKET, BY FLOW TYPE (Page No. - 86)
     11.1 INTRODUCTION
          FIGURE 30 SPRAY DRYING EQUIPMENT MARKET SIZE, BY FLOW TYPE,  2020 VS. 2025 (USD MILLION)
          TABLE 44 SPRAY DRYING EQUIPMENT MARKET SIZE, BY FLOW TYPE, 2016–2018 (USD MILLION)
          TABLE 45 SPRAY DRYING EQUIPMENT MARKET SIZE, BY FLOW TYPE, 2020–2025 (USD MILLION)
     11.2 CO-CURRENT
             11.2.1 ABILITY TO REDUCE THERMAL DEGRADATION OF THE FINAL PRODUCT INCREASES THE DEMAND FOR CO-CURRENT SPRAY DRYERS IN THE MARKET
                    TABLE 46 CO-CURRENT SPRAY DRYING EQUIPMENT MARKET SIZE, BY REGION, 2016–2018 (USD MILLION)
                    TABLE 47 CO-CURRENT SPRAY DRYING EQUIPMENT MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
     11.3 COUNTER-CURRENT
             11.3.1 PRODUCTION OF DETERGENTS AND CERAMICS DRIVE THE DEMAND FOR COUNTER-CURRENT SPRAY DRYERS FOR IMPROVED HEAT UTILIZATION TO SAVE ENERGY COSTS
                    TABLE 48 COUNTER-CURRENT SPRAY DRYING EQUIPMENT MARKET SIZE, BY REGION, 2016–2018 (USD MILLION)
                    TABLE 49 COUNTER-CURRENT SPRAY DRYING EQUIPMENT MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
     11.4 MIXED
             11.4.1 MIXED FLOW SPRAY DRYERS USE BOTH COUNTER-CURRENT AND CO-CURRENT MECHANISMS TO OBTAIN MAXIMUM DRYING OF THE FINAL PRODUCT
                    TABLE 50 MIXED SPRAY DRYING EQUIPMENT MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 51 MIXED SPRAY DRYING EQUIPMENT MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)

12 SPRAY DRYING EQUIPMENT MARKET, BY REGION (Page No. - 92)
     12.1 INTRODUCTION
          FIGURE 31 SPRAY DRYING EQUIPMENT MARKET SHARE (VALUE), BY KEY COUNTRY, 2020
          TABLE 52 SPRAY DRYING EQUIPMENT MARKET SIZE, BY REGION, 2016-2019 (USD MILLION)
          TABLE 53 SPRAY DRYING EQUIPMENT MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
     12.2 NORTH AMERICA
             12.2.1 REGULATORY FRAMEWORK
             12.2.2 TRADE ANALYSIS
                    FIGURE 32 NORTH AMERICA SPRAY DRYING EQUIPMENT MARKET: SNAPSHOT
                    TABLE 54 NORTH AMERICA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY COUNTRY, 2016-2019 (USD MILLION)
                    TABLE 55 NORTH AMERICA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY COUNTRY, 2020-2025 (USD MILLION)
                    TABLE 56 NORTH AMERICA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2016- 2019 (USD MILLION)
                    TABLE 57 NORTH AMERICA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
                    TABLE 58 NORTH AMERICA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY DRYING STAGE, 2016-2019 (USD MILLION)
                    TABLE 59 NORTH AMERICA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY DRYING STAGE, 2020-2025 (USD MILLION)
                    TABLE 60 NORTH AMERICA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY CYCLE TYPE, 2016-2019 (USD MILLION)
                    TABLE 61 NORTH AMERICA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY CYCLE TYPE, 2020-2025 (USD MILLION)
                    TABLE 62 NORTH AMERICA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY FLOW TYPE, 2016-2019 (USD MILLION)
                    TABLE 63 NORTH AMERICA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY FLOW TYPE, 2020-2025 (USD MILLION)
                    TABLE 64 NORTH AMERICA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY APPLICATION, 2016-2019 (USD MILLION)
                    TABLE 65 NORTH AMERICA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY APPLICATION, 2020-2025 (USD MILLION)
             12.2.3 US
                        12.2.3.1 Increase in the use of spray drying technology in the food & beverage industry is driving the market in the US
                                 FIGURE 33 US WHOLE MILK POWDER PRODUCTION, 2015-2019
                                 FIGURE 34 US SKIMMED MILK POWDER PRODUCTION, 2015-2019
                                 TABLE 66 US: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2016-2019 (USD MILLION)
                                 TABLE 67 US: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
             12.2.4 CANADA
                        12.2.4.1 Use of spray drying equipment in the drug and pharmaceutical industry in Canada for the production of powdered drugs and medicines
                                 TABLE 68 CANADA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2016-2019 (USD MILLION)
                                 TABLE 69 CANADA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
             12.2.5 MEXICO
                        12.2.5.1 Production of milk concentrates to drive the growth of the spray drying equipment market in Mexico
                                 TABLE 70 MEXICO: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2016-2019 (USD MILLION)
                                 TABLE 71 MEXICO: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
     12.3 ASIA PACIFIC
          FIGURE 35 ASIA PACIFIC SPRAY DRYING EQUIPMENT MARKET: SNAPSHOT
          TABLE 72 ASIA PACIFIC: SPRAY DRYING EQUIPMENT MARKET SIZE, BY COUNTRY, 2016-2019 (USD MILLION)
          TABLE 73 ASIA PACIFIC: SPRAY DRYING EQUIPMENT MARKET SIZE, BY COUNTRY, 2020-2025 (USD MILLION)
          TABLE 74 ASIA PACIFIC: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2016-2019 (USD MILLION)
          TABLE 75 ASIA PACIFIC: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
          TABLE 76 ASIA PACIFIC: SPRAY DRYING EQUIPMENT MARKET SIZE, BY DRYING STAGE, 2016-2019 (USD MILLION)
          TABLE 77 ASIA PACIFIC: SPRAY DRYING EQUIPMENT MARKET SIZE, BY DRYING STAGE, 2020-2025 (USD MILLION)
          TABLE 78 ASIA PACIFIC: SPRAY DRYING EQUIPMENT MARKET SIZE, BY CYCLE TYPE, 2016-2019 (USD MILLION)
          TABLE 79 ASIA PACIFIC: SPRAY DRYING EQUIPMENT MARKET SIZE, BY CYCLE TYPE, 2020-2025 (USD MILLION)
          TABLE 80 ASIA PACIFIC: SPRAY DRYING EQUIPMENT MARKET SIZE, BY FLOW TYPE, 2016-2019 (USD MILLION)
          TABLE 81 ASIA PACIFIC: SPRAY DRYING EQUIPMENT MARKET SIZE, BY FLOW TYPE, 2020-2025 (USD MILLION)
          TABLE 82 ASIA PACIFIC: SPRAY DRYING EQUIPMENT MARKET SIZE, BY APPLICATION, 2016-2019 (USD MILLION)
          TABLE 83 ASIA PACIFIC: SPRAY DRYING EQUIPMENT MARKET SIZE, BY APPLICATION, 2020-2025 (USD MILLION)
             12.3.1 CHINA
                        12.3.1.1 High demand for baby foods among domestic consumers to drive the growth of the spray drying market in China
                                 TABLE 84 CHINA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2016-2019 (USD MILLION)
                                 TABLE 85 CHINA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
             12.3.2 JAPAN
                        12.3.2.1 Expansion of the Japanese dairy industry to drive the growth of the spray drying equipment market in the region
                                 TABLE 86 JAPAN: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2016-2019 (USD MILLION)
                                 TABLE 87 JAPAN: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
             12.3.3 INDIA
                        12.3.3.1 The increased consumption of processed and RTE foods has made India as one of the emerging regions in the spray drying equipment market
                                 TABLE 88 INDIA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2016-2019 (USD MILLION)
                                 TABLE 89 INDIA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
             12.3.4 SOUTH KOREA
                        12.3.4.1 Development of spray drying labs in the industrial and chemical sectors to drive the demand for spray drying equipment in the region
                                 TABLE 90 SOUTH KOREA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2016-2019 (USD MILLION)
                                 TABLE 91 SOUTH KOREA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
             12.3.5 AUSTRALIA
                        12.3.5.1 Spray drying equipment in the Australian region witnesses a high demand in the resins and polymers industries
                                 TABLE 92 AUSTRALIA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2016-2019 (USD MILLION)
                                 TABLE 93 AUSTRALIA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
             12.3.6 REST OF ASIA PACIFIC
                        12.3.6.1 Consumption of milk powders and other dairy products to drive the growth of the spray drying equipment market
                                 TABLE 94 REST OF ASIA PACIFIC: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2016-2019 (USD MILLION)
                                 TABLE 95 REST OF ASIA PACIFIC: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
     12.4 EUROPE
             12.4.1 REGULATORY FRAMEWORK
             12.4.2 TRADE ANALYSIS
                    FIGURE 36 SKIMMED MILK POWDER MARKET PRICES, JAN 2020–SEP 2020
                    TABLE 96 EUROPE: SPRAY DRYING EQUIPMENT MARKET SIZE, BY COUNTRY, 2016-2019 (USD MILLION)
                    TABLE 97 EUROPE: SPRAY DRYING EQUIPMENT MARKET SIZE, BY COUNTRY, 2020-2025 (USD MILLION)
                    TABLE 98 EUROPE: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2016- 2019 (USD MILLION)
                    TABLE 99 EUROPE: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
                    TABLE 100 EUROPE: SPRAY DRYING EQUIPMENT MARKET SIZE, BY DRYING STAGE, 2016-2019 (USD MILLION)
                    TABLE 101 EUROPE: SPRAY DRYING EQUIPMENT MARKET SIZE, BY DRYING STAGE, 2020-2025 (USD MILLION)
                    TABLE 102 EUROPE: SPRAY DRYING EQUIPMENT MARKET SIZE, BY CYCLE TYPE, 2020-2025 (USD MILLION)
                    TABLE 103 EUROPE: SPRAY DRYING EQUIPMENT MARKET SIZE, BY CYCLE TYPE, 2020-2025 (USD MILLION)
                    TABLE 104 EUROPE: SPRAY DRYING EQUIPMENT MARKET SIZE, BY FLOW TYPE, 2016-2019 (USD MILLION)
                    TABLE 105 EUROPE: SPRAY DRYING EQUIPMENT MARKET SIZE, BY FLOW TYPE, 2020-2025 (USD MILLION)
                    TABLE 106 EUROPE: SPRAY DRYING EQUIPMENT MARKET SIZE, BY APPLICATION, 2016-2019 (USD MILLION)
                    TABLE 107 EUROPE: SPRAY DRYING EQUIPMENT MARKET SIZE, BY APPLICATION, 2020-2025 (USD MILLION)
             12.4.3 GERMANY
                        12.4.3.1 Innovation in spray drying technologies has driven the growth of the German market as it reduces energy and production costs of powdered products
                                 TABLE 108 GERMANY: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
                                 TABLE 109 GERMANY: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
             12.4.4 FRANCE
                        12.4.4.1 High demand for cosmetics powders across regions to drive the growth of the spray dryers market in France
                                 TABLE 110 FRANCE: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
                                 TABLE 111 FRANCE: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
             12.4.5 UK
                        12.4.5.1 Production of coffee mixes to cater to the requirements of customers to drive the demand for spray drying equipment in the market
                                 TABLE 112 UK: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
                                 TABLE 113 UK: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
             12.4.6 ITALY
                        12.4.6.1 Increased consumption of food, flavor, and protein products to drive the growth of the spray drying equipment market in Italy
                                 TABLE 114 ITALY: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
                                 TABLE 115 ITALY: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
             12.4.7 SPAIN
                        12.4.7.1 Use of spray drying equipment for the production of food additives offers growth potential for manufacturers in the Spanish market
                                 TABLE 116 SPAIN: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
                                 TABLE 117 SPAIN: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
             12.4.8 REST OF EUROPE
                        12.4.8.1 Countries such as Netherlands, Poland, and Denmark are some of the potential markets for spray drying equipment due to their use in the pharmaceuticals and ceramics industries
                                 TABLE 118 REST OF EUROPE: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
                                 TABLE 119 REST OF EUROPE: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
     12.5 REST OF THE WORLD (ROW)
             12.5.1 REGULATORY ANALYSIS
             12.5.2 TRADE ANALYSIS
                    TABLE 120 ROW: SPRAY DRYING EQUIPMENT MARKET SIZE, BY COUNTRY, 2016-2019 (USD MILLION)
                    TABLE 121 ROW: SPRAY DRYING EQUIPMENT MARKET SIZE, BY COUNTRY, 2020-2025 (USD MILLION)
                    TABLE 122 ROW: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2016- 2019 (USD MILLION)
                    TABLE 123 ROW: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
                    TABLE 124 ROW: SPRAY DRYING EQUIPMENT MARKET SIZE, BY DRYING STAGE, 2016-2019 (USD MILLION)
                    TABLE 125 ROW: SPRAY DRYING EQUIPMENT MARKET SIZE, BY DRYING STAGE, 2020-2025 (USD MILLION)
                    TABLE 126 ROW: SPRAY DRYING EQUIPMENT MARKET SIZE, BY CYCLE TYPE, 2020-2025 (USD MILLION)
                    TABLE 127 ROW: SPRAY DRYING EQUIPMENT MARKET SIZE, BY CYCLE TYPE, 2020-2025 (USD MILLION)
                    TABLE 128 ROW: SPRAY DRYING EQUIPMENT MARKET SIZE, BY FLOW TYPE, 2016-2019 (USD MILLION)
                    TABLE 129 ROW: SPRAY DRYING EQUIPMENT MARKET SIZE, BY FLOW TYPE, 2020-2025 (USD MILLION)
                    TABLE 130 ROW: SPRAY DRYING EQUIPMENT MARKET SIZE, BY APPLICATION,  2016-2019 (USD MILLION)
                    TABLE 131 ROW: SPRAY DRYING EQUIPMENT MARKET SIZE, BY APPLICATION, 2020-2025 (USD MILLION)
             12.5.3 SOUTH AMERICA
                        12.5.3.1 Increase in consumption of dairy products in South America to offer growth potential for spray drying equipment manufacturers in this sector
                                 TABLE 132 SOUTH AMERICA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2016-2019 (USD MILLION)
                                 TABLE 133 SOUTH AMERICA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
             12.5.4 MIDDLE EAST
                        12.5.4.1 Increase in consumption of convenience food and processed food products to drive the growth of the spray drying equipment market in the Middle East
                                 TABLE 134 MIDDLE EAST: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2016-2019 (USD MILLION)
                                 TABLE 135 MIDDLE EAST: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
             12.5.5 AFRICA
                        12.5.5.1 Use of spray drying equipment for the production of agrochemicals and in the food industry to drive the growth of the market in the African region
                                 TABLE 136 AFRICA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2016-2019 (USD MILLION)
                                 TABLE 137 AFRICA: SPRAY DRYING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)

13 COMPETITIVE LANDSCAPE (Page No. - 136)
     13.1 OVERVIEW
     13.2 MARKET RANKING
          FIGURE 37 TOP FIVE COMPANIES IN THE SPRAY DRYING EQUIPMENT MARKET, 2019
             13.2.1 MARKET SHARE ANALYSIS
                    FIGURE 38 SPRAY DRYING EQUIPMENT MARKET: COMPANY MARKET SHARE OF PRODUCT MANUFACTURERS, 2020
             13.2.2 MARKET EVALUATION FRAMEWORK
                    FIGURE 39 SPRAY DRYING EQUIPMENT MARKET: TRENDS IN COMPANY STRATEGIES, 2017-2019
     13.3 COMPETITIVE SCENARIO
             13.3.1 EXPANSIONS & INVESTMENTS
                    TABLE 138 EXPANSIONS & INVESTMENTS, 2016–2018
             13.3.2 NEW PRODUCT LAUNCHES
                    TABLE 139 NEW PRODUCT LAUNCHES, 2015–2016
             13.3.3 AGREEMENTS AND PARTNERSHIPS
                    TABLE 140 AGREEMENTS AND PARTNERSHIPS, 2016–2019
     13.4 COVID-19 SPECIFIC COMPANY RESPONSE

14 COMPANY EVALUATION MATRIX & COMPANY PROFILES (Page No. - 142)
     14.1 COMPANY EVALUATION MATRIX (OVERALL MARKET)
             14.1.1 STARS
             14.1.2 PERVASIVE PLAYERS
             14.1.3 EMERGING LEADERS
             14.1.4 PARTICIPANTS
                    FIGURE 40 SPRAY DRYING EQUIPMENT MARKET: COMPANY EVALUATION MATRIX, 2019
     14.2 COMPETITIVE LEADERSHIP MAPPING (START-UPS/SMES)
             14.2.1 PROGRESSIVE COMPANIES
             14.2.2 STARTING BLOCKS
             14.2.3 RESPONSIVE COMPANIES
             14.2.4 DYNAMIC COMPANIES
                    FIGURE 41 SPRAY DRYING EQUIPMENT: COMPETITIVE LEADERSHIP MAPPING, 2019

15 COMPANY PROFILES (Page No. - 146)
(Business Overview, Products,, Key Insights, Recent Developments, MnM View)*
     15.1 GEA GROUP
          FIGURE 42 GEA GROUP: COMPANY SNAPSHOT
     15.2 SPX FLOW
          FIGURE 43 SPX FLOW: COMPANY SNAPSHOT
     15.3 SHANDONG TIANLI DRYING TECHNOLOGY AND EQUIPMENT
     15.4 BάCHI LABORTECHNIK
     15.5 EUROPEAN SPRAYDRY TECHNOLOGIES
     15.6 DEDERT CORPORATION
     15.7 CHANGZHOU LEMAR DRYING ENGINEERING
     15.8 ACMEFIL ENGINEERING SYSTEMS PVT. LTD
     15.9 NEW AVM SYSTECH
     15.10 ADVANCED DRYING SYSTEMS
     15.11 LABPLANT
     15.12 SWENSON TECHNOLOGY, INC.
     15.13 YAMATO SCIENTIFIC AMERICA
     15.14 TETRA PAK INTERNATIONAL S.A
     15.15 G LARSSON STARCH TECHNOLOGY AB
     15.16 HEMRAJ ENTERPRISES
     15.17 SAKA ENGINEERING SYSTEMS PRIVATE LIMITED
     15.18 CUSTOM FABRICATING & REPAIR
     15.19 FREUND VECTOR CORPORATION
     15.20 SANOVO TECHNOLOGY GROUP

*Details on Business Overview, Products & Key Insights, Recent Developments,  MnM View might not be captured in case of unlisted companies.

16 ADJACENT MARKETS (Page No. - 182)
     16.1 INTRODUCTION
     16.2 LIMITATIONS
     16.3 DAIRY PROCESSING EQUIPMENT MARKET
             16.3.1 MARKET DEFINITION
             16.3.2 MARKET OVERVIEW
             16.3.3 DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE
                        16.3.3.1 Introduction
                                 TABLE 141 DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 142 DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
             16.3.4 DAIRY PROCESSING EQUIPMENT MARKET, BY REGION
                        16.3.4.1 Introduction
                                 TABLE 143 DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                                 TABLE 144 DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
                        16.3.4.2 North America
                                 TABLE 145 NORTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 146 NORTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
                        16.3.4.3 Europe
                                 TABLE 147 EUROPE: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 148 EUROPE: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
                        16.3.4.4 Asia Pacific
                                 TABLE 149 ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 150 ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
                        16.3.4.5 South America
                                 TABLE 151 SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 152 SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
                        16.3.4.6 Rest Of The World (RoW)
                                 TABLE 153 REST OF THE WORLD: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 154 REST OF THE WORLD: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
     16.4 BLOOD MEAL MARKET
             16.4.1 LIMITATIONS
             16.4.2 MARKET DEFINITION
             16.4.3 MARKET OVERVIEW
             16.4.4 BLOOD MEAL MARKET SIZE, BY PROCESS
                        16.4.4.1 Introduction
                        16.4.4.2 Solar drying
                        16.4.4.3 Drum drying
                        16.4.4.4 Ring and flash drying
                        16.4.4.5 Spray drying
             16.4.5 BLOOD MEAL MARKET, BY REGION
                    TABLE 155 BLOOD MEAL MARKET SIZE, BY REGION, 2017–2025 (USD MILLION)
                        16.4.5.1 North America
                                 TABLE 156 NORTH AMERICA: BLOOD MEAL MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION)
                        16.4.5.2 Europe
                                 TABLE 157 EUROPE: BLOOD MEAL MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION)
                        16.4.5.3 Asia Pacific
                                 TABLE 158 ASIA PACIFIC: BLOOD MEAL MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION)
                        16.4.5.4 Rest o f the World (RoW)
                                 TABLE 159 ROW: BLOOD MEAL MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION)

17 APPENDIX (Page No. - 197)
     17.1 DISCUSSION GUIDE
     17.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     17.3 AVAILABLE CUSTOMIZATIONS
     17.4 RELATED REPORTS
     17.5 AUTHOR DETAILS

The study involved four major activities in estimating the spray drying equipment market size. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments. 

Secondary Research

In the secondary research process, various sources such as the Food and Drug Administration (FDA), United States Department of Agriculture (USDA), European Food Safety Agency (EFSA), Food and Agriculture Organization (FAO), The World Bank, were referred to, to identify and collect information for this study. The secondary sources also included spray drying equipment manufacturers’ annual reports, press releases, and investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and paid databases. 

Primary Research

The market comprises several stakeholders in the supply chain, which include suppliers, manufacturers, and end-use product manufacturers. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include manufacturers of food & beverage products, feed, agricultural fertilizers, cosmetics and personal care, pharmaceuticals, energy, and research institutions involved in R&D; and government agencies. The primary sources from the supply side include spray drying equipment manufacturers, suppliers, distributors, importers, and exporters. Given below is the breakdown of the primary respondents.

Breakdown of Primary participants

Spray Drying Equipment Market Ecosystem

To know about the assumptions considered for the study, download the pdf brochure 

Market Size Estimation

Both the top-down and bottom-up approaches have been used to estimate and validate the total size of the spray drying equipment market. These approaches have also been used extensively to determine the size of the various sub-segments in the market. The research methodology used to estimate the market size includes the following details:

  • The key players in the industry and market have been identified through extensive secondary research.
  • The spray drying equipment value chain and market size in terms of value have been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All macroeconomic and microeconomic factors affecting the growth of the spray drying equipment market were considered while estimating the market size.
  • All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. 

Data Triangulation 

After arriving at the overall market size from the estimation process described above, the total market was split into several segments. To complete the overall spray drying equipment market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size was validated using both top-down and bottom-up approaches. It was then verified through primary interviews. Hence, three approaches were adopted—top-down approach, bottom-up approach, and the one involving expert interviews. Only when the values arrived at from the three points match, the data is assumed to be correct. 

Report Objectives

  • To describe and forecast the spray drying equipment market, in terms of product type, application, cycle type, drying stage, flow type and region
  • To describe and forecast the spray drying equipment market, in terms of value and volume, by region–North America, Europe, Asia Pacific, and the Rest of the World—along with their respective countries
  • To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micro-markets with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of the spray drying equipment market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the spray drying equipment market
  • To strategically profile the key players and comprehensively analyze their market positions, in terms of ranking and core competencies, along with details on the competitive landscape of market leaders
  • To analyze strategic approaches, such as acquisitions & partnerships, expansions, product launches & approvals, and agreements, in the spray drying equipment market

Available Customizations:

Based on the given market data, MarketsandMarkets offers customizations in the reports according to client-specific requirements.The following customization options are available for the report:

PRODUCT ANALYSIS

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company

GEOGRAPHIC ANALYSIS

  • Further breakdown of the Rest of Europe market into Netherlands, Belgium, Poland, and Denmark
  • Further breakdown of the Rest of Asia Pacific market into India, Vietnam, Malaysia, and Thailand
  • Further breakdown of the RoW market into South America, Middle east, and Africa

COMPANY INFORMATION

  • Detailed analyses and profiling of additional market players (up to five)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Spray Drying Equipment Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Spray Drying Equipment Market

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