The global contact & convective dryers market is estimated to top USD 199.1 Million by 2022. Growing emphasis on drying across industries as an imperative process for the sustenance of product quality is favoring the growth in the market.
| Attribute | Details |
|---|---|
| Contact & Convective Dryers Market Estimated Size in 2022 | USD 199.1 Million |
| Contact & Convective Dryers Market Projected Size in 2029 | USD 252.4 Million |
| Contact & Convective Dryers Market Historical CAGR (2014 to 2021) | 2.9% |
| Contact & Convective Dryers Market Value-based CAGR (2022 to 2029) | 3.4% |
Sales in the global contact & convective dryers market are anticipated to rise at a CAGR of 3.4% during the forecast period 2022 to 2029, as per Future Market Insights (FMI). Increasing applications of contact & convective dryers in the food & beverages industry are propelling the growth of the market.
FMI has forecast East Asia to remain the dominant market followed by South Asia, accounting for around 32.8% of the sales in 2022. The top 4 market players in the market are projected to account for nearly 30%-32% through 2029.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 3.5% |
| H1,2022 Projected (P) | 3.5% |
| H1,2022 Outlook (O) | 3.7% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (+) 22 ↑ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 22 ↑ |
Future Market Insights estimated a comparison analysis for the Contact and Convective Dryers market which is primarily driven due to the high energy consumption rates of the product, government rules, and limits that have a significant impact on the market for contact and convective dryers. The growth of the target market in the country is anticipated to be moderately impacted by various government laws relating to the energy efficiency of products.
Over the past three decades, industrial drying has seen a tremendous increase in research and development (R&D) to keep up with the evolving product kinds that need to be dried. Before now, the drying industry research and development has turned from energy conservation to improving product quality, reducing emissions, and enhancing process safety.
Any sector that uses industrial drying, notably contact, and convective dryers, uses a significant amount of energy, and rising Research and Development expenditures are aimed at lowering that consumption. FMI evaluates the variations between the BPS points in this market in H1, 2022 - Outlook over H1, 2022 Projected a gain of 22 points. Notably, compared to H1, 2021, the market is expected to increase with 22 BPS points in H1 -2022.
Due to rising population needs, rising investments, and significant growth in Greenfield projects, the pharmaceutical, chemical, and food and beverage industries are expected to experience exponential growth in the country over the next few years. This is expected to further fuel demand for contact and convective dryers.
As per FMI, the demand in the global contact & convective dryers market grew at 2.9% CAGR over the assessment years between 2014 and 2021.
Contact & convective dryers are industrial dryers used for providing the heat necessary for evaporation and removing water or moisture from various products. These dryers offer consistent and even heating throughout the vessel, thereby, improving the quality and durability of the end product.
Due to these factors, contact & convective dryers are increasingly used as intermittent drying equipment to reduce moisture and cure products across food & beverage, chemicals, metallurgy, pharmaceuticals, and manufacturing industries.
The rapidly expanding chemical and pharmaceutical industries across developing economies such as China and India are fuelling the demand in the market. On account of this, the global contact & convective dryers market is expected to grow at 3.4% CAGR over the forecast period 2022 to 2029.
Principal Consultant
Industrial drying has emerged as a vital process, accounting for 12% to 25% of the total industrial energy consumption. With the increasing emphasis on declining energy consumption, contact dryers are gaining popularity owing to their ability to improve industrial energy efficiency and reduce greenhouse gases emission.
Also, governments in various countries are implementing stringent regulations to curb carbon dioxide emissions and improve industrial energy efficiency. This also has resulted in higher uptake of contact dryers. Within the pharmaceutical sector contact dryers are often used in the preparation of granules for tablets and capsules.
Within the food processing industry, the typical application of drying includes dairy products, coffee and coffee surrogates, processed cereals, starch derivatives, and potatoes. Demand in diverse sectors is likely to increase as the focus on reducing energy consumption rises. This will present lucrative scope for the market.
Rapid Growth of Industrial Processing Verticals to Propel Demand for Contact and Convective Dryers
FMI states that China is projected to account for the dominant share in the East Asia contact & convective dryers market through 2029.
Fast-paced expansion of the industrial processing sector in China, owing to increasing production and exports of chemicals and pharmaceuticals products is favoring the growth in the market. Also, the increasing adoption of high-performance industrial equipment for meeting complex drying requirements, especially for powdered products is propelling the demand for contact & convective dryers in the country.
Driven by this, the sales in China are estimated to rise at a robust CAGR, assisting the East Asia market to account for around 32.8% of the revenue share in 2022.
Growing Popularity of Superheated Steams Technique to Bolster Convectional Dryer Sales
With increasing concerns regarding the use of volatile components, industrial players are increasingly adopting convective dryers to eliminate risks of cross-contamination while removing remove moisture and water content for products, especially for heat-sensitive products.
Hence, they are extensively using innovative drying techniques such as superheated steam to nullify the presence of any volatile components, keep the environment inside the vessel inert and ease the exhaust gas treatment in convection dryers.
On account of this, the sales of conventional dryers are projected to accelerate at a rapid pace in India through 2029. This rise in sales is estimated to assist the South Asia market to capture nearly 30.7% of the value share in 2022.
Regulation to Control Industrial Greenhouse Gas Emission to Favor Sales of Contact Dryers
The government of the USA is increasingly focusing on curbing the country’s greenhouse emissions by implementing numerous regulations, especially across the industrial processing sector.
For instance, according to the Center for Climate and Energy Solutions, the Environmental Protection Agency in the USA has implemented a number of new source performance standards (NSPS) under Section 111(b) of the Clean Air Act for controlling industrial greenhouse gas emissions across the country in 2020.
As contact dryers assist in handling toxic materials, improving energy efficiency, and reducing carbon emissions, they are gaining immense popularity across the industrial sector. Hence, a slew of such regulations in the USA is projected to support the North American market to account for nearly 13.8% of total sales through 2022.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Surging Demand for Energy-Efficient Industrial Equipment to Augment the Contact Dryers Sales
As per Future Market Insights, the contact dryers segment is estimated to register growth at a robust CAGR between 2022 and 2029. Contact dryers use indirect methods for the removal of the liquid phase from products through the application of heat. They also assist in improving energy efficiency, eliminating solvent fumes, and providing faster drying.
Hence, the growing demand for energy-efficient industrial equipment across food & beverages, and chemical industries are spurring the sales of contact dryers.
Vertical Contact & Convective Dryers Demand to Soar through 2029
On the basis of orientation, the global contact & convection dryers market is segmented into vertical and horizontal. FMI states that the vertical segment is projected to account for the dominant share of the market over the assessment period.
Better product mixing capabilities, ability to fit in compact space, and high drying efficiency in comparison to horizontal dryers are primary factors favoring the sales of vertical contact & convection dryers.
Expanding Pharmaceutical Sector in China and India to Favor the Demand for Contact & Convective Dryers
As per FMI, the pharmaceutical segment is expected to account for a significant share of the market, expanding at a 3% CAGR during the forecast period 2022 to 2029.
Increasing applications of contact & convection dryers across the pharmaceutical industry for handling heat-sensitive products and removing moisture from powered products is favoring the growth in the segment. Hence, growing government investments in expanding pharmaceutical manufacturing capacity across India and China are expected to facilitate the sales of contact & convection dryers in the coming years.
Leading players operating in the global contact & convective dryers market are focusing on providing customized products as per the end-user requirements. Some of the other companies are aiming at entering into strategic collaboration, partnership, acquisition, and mergers with players to strengthen their market footprint.
For instance:
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2029 |
| Historical Data Available for | 2014 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, United Kingdom, France, Italy, Spain, Poland, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa |
| Key Segments Covered | Product Type, Orientation, Application, and Region |
| Key Companies Profiled | Andritz-Gouda B.V.; GEA Group AG; FLSmidth; ThyssenKrupp AG; Meter Group, Inc; Others |
| Report Coverage | Market Forecast, brand share analysis, competition intelligence, Drivers, Restraints, Opportunities and Threats analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The contact & convective dryers market is expected to surpass a valuation of USD 192.4 Million in 2021.
The global contact & convective dryers market grew at a 2.9% CAGR over the past assessment period from 2014 to 2021.
The contact & convective dryers market is expected to register steady growth, expanding a 3.4% CAGR between 2022 and 2029.
East Asia currently leads the global contact & convective dryers market, holding more than 32.8% of the total market share.
Europe's contact & convective dryers market will hold a significant share accounting for nearly 15.7% of the revenue share in 2022.
In terms of application, the pharmaceutical segment is expected to account for maximum sales, exhibiting growth at 3% CAGR through 2029.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Market Demand Analysis 2014 to 2021 and Forecast, 2022 to 2029 6. Global Market - Pricing Analysis 7. Global Market Demand (in Value or Size in USD Million) Analysis 2014 to 2021 and Forecast, 2022 to 2029 8. Market Background 9. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Product Type 9.1. Contact 9.2. Convective 10. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Orientation 10.1. Horizontal 10.2. Vertical 11. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Application 11.1. Pharmaceuticals 11.2. Food & Beverage 11.3. Metallurgy 11.4. Chemicals 11.5. Auxiliary Manufacturing 12. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Region 12.1. North America 12.2. Latin America 12.3. Europe 12.4. South Asia 12.5. East Asia 12.6. Middle East and Africa (MEA) 13. North America Market Analysis 2014 to 2021 and Forecast 2022 to 2029 14. Latin America Market Analysis 2014 to 2021 and Forecast 2022 to 2029 15. Europe Market Analysis 2014 to 2021 and Forecast 2022 to 2029 16. South Asia Market Analysis 2014 to 2021 and Forecast 2022 to 2029 17. East Asia Market Analysis 2014 to 2021 and Forecast 2022 to 2029 18. Middle East and Africa Market Analysis 2014 to 2021 and Forecast 2022 to 2029 19. Emerging Countries Market Analysis 2014 to 2021 and Forecast 2022 to 2029 20. Market Structure Analysis 21. Competition Analysis 21.1. Andritz Gouda BV 21.2. AVA GmbH u. Co. KG 21.3. GEA Group AG 21.4. Kilburn Engineering Ltd 21.5. Metso Corporation 21.6. ThyssenKrupp AG 21.7. Buhler AG 21.8. Anivi Ingenieria SA 21.9. B&P Littleford 21.10. GEBRÜDER LÖDIGE MASCHINENBAU GMBH 21.11. HEINKEL Process Technology GmbH 21.12. Hosokawa Micron B.V. 21.13. Toshniwal Instruments (Madras) Private Limited 21.14. Kerone Engineering Solutions LTD. 21.15. Raj Process Equipments and Systems Private Limited 21.16. PM Projects & Services Private Limited 21.17. Amixon GmbH 21.18. Bepex International LLC 21.19. Spartanics 22. Assumptions and Acronyms Used 23. Research Methodology
Industrial Automation
May 2023
REP-GB-14425
324 pages
Explore Industrial Automation Insights
View Reports
Contact and Convective Dryers Market
