Market Dynamics- Driver
Rising demand from pharmaceutical and food sectors is expected to drive growth of the global industrial dryer market during the forecast period
The quality of the product in the pharmaceutical industry is a major concern. This is also important due to strict government regulations over product quality and its specification in food and pharmaceutical industry. Generally, products in the industries are heat sensitive that require suitable devices for drying process. The technologically advanced industrial dryers such as vacuum dryers and fluidized bed dryers are suitable equipment for drying operation in food and pharmaceutical industry. Moreover, these dryers are suitable for other unit operations such as purification and separation involved in the industry. Thus, high growth of the pharmaceutical and food sectors is expected to drive growth of the global industrial dryer market in the near future. According to Coherent Market Insights’ analysis, there are over 450 projects in the pharmaceutical industry and over 300 projects in the food industry that are expected to be completed in the near future.
Increasing application of dryers in various sectors is expected to propel the global industrial dryers market growth over the forecast period
Industrial dryers have witnessed a massive demand from various industry including healthcare, chemical, mining & minerals, constructions, etc. Different types of industrial dryers are used such as vacuum dryer in biological products and food sector, fluidized bed dryer in fertilizer, pesticides, and ceramics, sprayer in antibiotics, vitamins, and catalyst support, and rotary dryers in fertilizers, waste sludge, limestone, plastics, and chemicals. Hence, the wide use of dryers is expected to propel the global industrial dryer market growth over the forecast period.
Market Dynamics- Restraints
High operational costs are expected to hamper growth of the global industrial dryer market during the forecast period
The process of drying is energy-intensive regarding manufacturing a product. In industrial sector, it is estimated that drying process alone consumes around 10% to 20% energy relative to other unit operations involved in the industry. Furthermore, majority of industrial dryers are focused on operations that require hot air for drying, which is formed by the burning of fossil fuel. Burning of fossil fuel imparts additional operational costs in the drying process. Hence, these factors are expected to hamper the market growth in the near future.
Strict environmental regulations are expected to hinder the global industrial dryer market growth over the forecast period
There are various strict government regulations enforced across the globe including REACH, EPA, etc. Industrial dryers such as belt dryers and tray dryers are adopted by small industries since they are low cost although they are less efficient well. Hence, these factors are expected to hinder the global industrial dryer market growth over the forecast period.

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Market Opportunities
High growth of food processing industry can present major business opportunities
Food processing industry has expanded significantly in the recent past. Dryers can be used to prevent food spoilage by removing water from both preparation and processing of food products. Dryers can provide clean and dry air that can help extend product life and can assist in packaging, transporting and storing food products. Key companies in the market can capitalize on lucrative opportunities and gain significant advantages in the market.
High growth of the pharmaceutical industry can pose significant growth opportunities
The pharmaceutical industry deploys different types of industrial dryers including freeze-dryers, vacuum dryers, continuous-tray dryers, mixer dryers, etc. The pharmaceutical industry has expanded significantly in the recent past and as a result of this, there is a high demand for dryers. Key companies in the market can capitalize on lucrative opportunities and gain significant advantages in the market.
The global industrial dryer market was valued at US$ 2,929.7 Mn in 2019 and is forecast to reach a value of US$ 3,895.7 Mn by 2027 at a CAGR of 3.5% between 2020 and 2027.
Market Trends
Rising adoption of superheated steam dryers is a major adoption
Superheated steam dryers have witnessed significant massive adoption with industries demanding standards for intended drying applications. Higher operating costs associated with conventional drying processes resulted in growing emphasis on either improving drying process economics or on the development of alternative lower-cost processes. For instance, the GEA group offers Superheated Steam Dryer & Processor for drying of oilseeds, beans, and proteins. Also, BMA AG offers a fluidized-bed steam dryer for drying of biomass, which can recover 90% of energy.
Market consolidation activities worldwide
Major companies in the market are focused on merger and acquisition activities, in order to enhance the market presence. For instance, in June 2016, ANDRITZ AG acquired Euroslot KDSS, including its two subsidiaries in China and India, which are involved in manufacturing of separation and filtration equipment. Moreover, in November 2016, HEINKEL Drying and Separation Group announced expansion of two of its workshops in Foshan, China, in order to increase its presence in the APAC market.
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