Industrial Dryers Market Anticipated to Grow at a Significant Pace by 2027

Market Overview

Industrial dryers are often used to efficiently handle large amounts of bulk materials requiring reduced moisture levels. Industrial dryers are available in various sizes depending on the volume of material to be dried. In general, dryers are based on two concepts, namely direct drying and indirect drying, though different types of dryers are available on the market, such flash dryers, rotary dryers, spray dryers and fluidized dryers. Industrial dryers are used in a number of industries, including pharmaceutical, food, chemical, mining & minerals, building, etc. Other types of dryers are also affordable, such as paddle dryers, which have been used where the maximum heat transfer is necessary.

The global industrial dryer market accounted for US$ 2,929.7 million in revenue and 2,648 units in volume in 2019 and is anticipated to rise at CAGR by 3.5 percent in 2020-2027.

Market Drivers:

Major growth in the pharmaceutical industry is projected to fuel the growth of the global demand for industrial dryers market over the forecast years. For example, according to Pharmaceutical Research and Manufacturers of America, more than 750 orphan drugs were approved in the U.S. in 2018 compared to more than 600 in 2017.

In addition, the rising demand for gelatin is also anticipated to drive growth. Gelatin is often used in functional and nutraceutical foods that increase the market for food-grade gelatin, collagen peptide, and sub protein. A gelatin dryer is used in the drying process of gelatin products.

To More Information about Industrial Dryers Market Trend: https://www.globenewswire.com/news-release/2020/05/25/2038122/0/en/Industrial-Dryers-Market-to-surpass-US-3-895-3-Million-globally-by-2027-Coherent-Market-Insights.html