The Spray Drying Equipment Global Market Report 2023, provides comprehensive information on the spray drying equipment market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Spray Drying Equipment Global Market Report 2023, the market size is expected to grow from $5.36 billion in 2022 to $5.76 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of global spray drying equipment is expected to grow to $7.82 billion in 2027 at a CAGR of 8.0%.
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Increasing collaborations between companies is a key trend gaining popularity in the spray drying equipment market. Major companies are collaborating to advance product performance, increase production capabilities, expand market share and develop new products. For instance, in March 2021, Sweden-based Tetra Pak announced a partnership with Rockwell Automation based in the US to advance performance for powder manufacturers starting with evaporation and spray drying. This collaboration is expected to develop a new Powder Plant Booster solution, packaged with Rockwell Automation Model Predictive Control (MPC) and its Pavilion8 and PlantPAx MPC technology.
The spray drying equipment market is segmented:
1) By Product Type: Rotary Atomizers, Nozzle Atomizers, Fluidized, Centrifugal, Other Product Types
2) By Flow Type: Co-current, Counter Current, Mixed
3) By Application: Food, Chemical, Pharmaceutical, Other Applications
North America was the largest region in the spray drying equipment market in 2022.
The table of contents in TBRC’s spray drying equipment market report includes:
- Executive Summary
- Spray Drying Equipment Market Characteristics
- Spray Drying Equipment Market Trends And Strategies
- Spray Drying Equipment Market – Macro Economic Scenario
- Spray Drying Equipment Market Size And Growth
- Spray Drying Equipment Market Segmentation
- Spray Drying Equipment Market Regional And Country Analysis
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- Spray Drying Equipment Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Spray Drying Equipment Market
- Spray Drying Equipment Market Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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