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Spray Drying Equipment Market: By Product, By Technology, By Drying Stage, By Cycle Type, By End-Use and Geography
Spray Drying Equipment Market: By Product, By Technology, By Drying Stage, By Cycle Type, By End-Use and Geography
Spray Drying Equipment Market size was valued at US$ 5,167.2 million in 2023 and is poised to grow at a CAGR of 7.1% from 2024 to 2030. The market is experiencing steady growth, driven by its versatility and efficiency in transforming liquid feeds into dry, powdered products. The pharmaceutical and nutraceutical industries heavily rely on spray drying for several crucial applications such as heat-sensitive products, delivery systems, and improved bioavailability. In addition, spray drying's ability to gently dry at low temperatures makes it ideal for preserving the efficacy of heat-sensitive drugs, enzymes, and probiotics. Spray drying also allows for the creation of targeted drug delivery systems with controlled-release properties. Moreover, the technology optimizes the solubility and dispersion of active ingredients, enhancing their absorption within the body. The burgeoning demand for these products, particularly in emerging markets, is driving the need for advanced spray-drying equipment.
Furthermore, Continuous advancements are making this technology even more appealing. The newer models boast improved insulation and optimized airflow, leading to significant energy savings. Advanced control systems allow for precise monitoring and adjustment of drying parameters, ensuring consistent product quality and reduced waste. Also, manufacturers are developing equipment tailored to specific needs, catering to diverse industries like bioplastics, advanced materials, and even 3D printing. This diversification opens up new avenues for the application of spray drying technology, further propelling market growth. However, spray drying equipment can be quite expensive, encompassing the initial purchase, installation, and commissioning. These costs can be particularly prohibitive for small and medium-sized enterprises (SMEs) who might find alternative drying methods more budget-friendly.
Study Period
2024-2030Base Year
2023CAGR
7.1%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Modern lifestyles crave convenience, Consumers seek readily available, easy-to-prepare foods like instant coffee, powdered milk, and baby formula. Spray drying excels at creating these products with extended shelf life. Compared to traditional drying methods, spray drying offers several advantages such as faster Processing, improved Consistency, and enhanced shelf life. These benefits are particularly attractive in the food and beverage industry, where manufacturers strive to cater to busy consumers who demand quality and convenience propelling the market growth.
In addition, growing consumer concerns about food safety necessitate equipment that adheres to strict hygiene standards. This creates a demand for easily cleanable and maintainable spray drying systems. Moreover, environmental regulations and a growing focus on sustainability are pushing manufacturers to develop eco-friendly equipment with reduced emissions and waste generation. Furthermore, government initiatives in developing countries that promote domestic manufacturing and technological advancements can accelerate the adoption of spray drying equipment.
North America and Europe hold a significant share of the spray drying equipment market due to several factors. They boast established food and pharmaceutical industries with a high demand for high-quality, shelf-stable products. In addition, these regions possess a strong focus on research and development, leading to continuous advancements in spray drying technology. Leading manufacturers like Buhler (Switzerland), GEA Group (Germany), and SPX Flow (US) hail from these areas, further solidifying their dominance in the region.
The Asia Pacific is expected to witness the fastest growth in the market. Factors like a booming food processing industry, increasing disposable incomes, and a growing demand for convenience foods are driving this rise. Moreover, government initiatives in countries like China and India to promote domestic manufacturing are attracting investments in this sector. Local companies like Shanghai Pudong Pharmaceutical Machinery (China) and GEA Niro Soeparator (India) are playing a key role in this growth.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 5,167.2 million |
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Market CAGR |
7.1% |
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By Product |
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By Technology |
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By Drying Stage |
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By Cycle Type |
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By End User |
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By Region |
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The Asia Pacific is the fastest growing region in the spray drying equipment market
The North America and Europe are the dominating regions in the market.
The leading players in the market are Unopex (BAKON), GEA Group, Acmefil Engineering Systems Pvt. Ltd., Advanced Drying Systems, Carrier Vibrating Equipment Inc., Yamato Scientific America, Buchi Labortechnik AG, European SprayDry Technologies, G Larsson Starch Technology AB, Hemraj Enterprise, Freund Vector Corporation, SPX Flow, Labplant, Tetra Pak International SA, Dedert Corporation, and Shandong Tianli Drying Technology & Equipment.
Historic years considered for the market study are 2019 to 2022, 2023 is considered as the base year for market estimation and the forecast presented from 2024 to 2030.
| 1. Executive Summary |
| 2. Global Spray Drying Equipment Market Introduction |
| 2.1. Global Spray Drying Equipment Market Taxonomy |
| 2.2. Global Spray Drying Equipment Market Definitions |
| 2.2.1. Product |
| 2.2.2. Technology |
| 2.2.3. Drying Stage |
| 2.2.4. Cycle Type |
| 2.2.5. End-Use |
| 3. Global Spray Drying Equipment Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Spray Drying Equipment Market Dynamic Factors - Impact Analysis |
| 3.6. Global Spray Drying Equipment Market Competition Landscape |
| 4. Global Spray Drying Equipment Market Analysis, 2019-2023 and Forecast, 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Spray Drying Equipment Market Forecast, By Product, 2019-2023 and Forecast, 2024-2030 |
| 5.1. Pilot & Small Scale Spray Dryers |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Large Scale Spray Dryers |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Others |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Spray Drying Equipment Market Forecast, By Technology, 2019-2023 and Forecast, 2024-2030 |
| 6.1. Co-current |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Concurrent |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Mixed |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Spray Drying Equipment Market Forecast, By Drying Stage, 2019-2023 and Forecast, 2024-2030 |
| 7.1. Single Stage |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Two Stage |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Multi Stage |
| 7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8. Global Spray Drying Equipment Market Forecast, By Cycle Type, 2019-2023 and Forecast, 2024-2030 |
| 8.1. Closed Type |
| 8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Open Type |
| 8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 9. Global Spray Drying Equipment Market Forecast, By End-Use, 2019-2023 and Forecast, 2024-2030 |
| 9.1. Food & beverage Industry |
| 9.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Feed Industry |
| 9.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Pharmaceutical Industry |
| 9.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Chemical Industry |
| 9.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Others |
| 9.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10. Global Spray Drying Equipment Market Forecast, By Region, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 10.1. North America |
| 10.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 10.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 10.1.3. Market Opportunity Analysis |
| 10.2. Europe |
| 10.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 10.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 10.2.3. Market Opportunity Analysis |
| 10.3. Asia-Pacific |
| 10.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 10.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 10.3.3. Market Opportunity Analysis |
| 10.4. Latin America |
| 10.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 10.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 10.4.3. Market Opportunity Analysis |
| 10.5. Middle East and Africa |
| 10.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 10.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 10.5.3. Market Opportunity Analysis |
| 10.6. Global Spray Drying Equipment Market - Opportunity Analysis Index, By Product, By Technology, By drying Stage, By Cycle Type, By End-Use, and Region, 2021 - 2026 |
| 11. North America Spray Drying Equipment Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 11.1. Product Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.1.1. Pilot & Small Scale Spray Dryers |
| 11.1.2. Large Scale Spray Dryers |
| 11.1.3. Others |
| 11.2. Technology/Flow Type Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Co-current |
| 11.2.2. Concurrent |
| 11.2.3. Mixed |
| 11.3. Drying Stage Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Single Stage |
| 11.3.2. Two Stage |
| 11.3.3. Multi Stage |
| 11.4. Cycle Type Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Closed Type |
| 11.4.2. Open Type |
| 11.5. End-Use Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.5.1. Food & Beverages |
| 11.5.2. Feed Industry |
| 11.5.3. Pharmaceutical Industry |
| 11.5.4. Chemical Industry |
| 11.5.5. Others |
| 11.6. Country Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.6.1. USA |
| 11.6.2. Canada |
| 11.7. North America Spray Drying Equipment Market - Opportunity Analysis Index, By Product, By Technology, By drying Stage, By Cycle Type, By End-Use, and Country, 2021 - 2026 |
| 11.8. North America Spray Drying Equipment Market Dynamics Trends |
| 12. Europe Spray Drying Equipment Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 12.1. Product Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.1.1. Pilot & Small Scale Spray Dryers |
| 12.1.2. Large Scale Spray Dryers |
| 12.1.3. Others |
| 12.2. Technology/Flow Type Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Co-current |
| 12.2.2. Concurrent |
| 12.2.3. Mixed |
| 12.3. Drying Stage Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Single Stage |
| 12.3.2. Two Stage |
| 12.3.3. Multi Stage |
| 12.4. Cycle Type Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Closed Type |
| 12.4.2. Open Type |
| 12.5. End-Use Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.5.1. Food & Beverages |
| 12.5.2. Feed Industry |
| 12.5.3. Pharmaceutical Industry |
| 12.5.4. Chemical Industry |
| 12.5.5. Others |
| 12.6. Country Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.6.1. Germany |
| 12.6.2. UK |
| 12.6.3. France |
| 12.6.4. Spain |
| 12.6.5. Italy |
| 12.6.6. Russia |
| 12.6.7. Poland |
| 12.6.8. Rest of Europe |
| 12.7. Europe Spray Drying Equipment Market - Opportunity Analysis Index, By Product, By Technology, By drying Stage, By Cycle Type, By End-Use, and Country, 2021 - 2026 |
| 12.8. Europe Spray Drying Equipment Market Dynamics Trends |
| 13. Asia-Pacific Spray Drying Equipment Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 13.1. Product Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.1.1. Pilot & Small Scale Spray Dryers |
| 13.1.2. Large Scale Spray Dryers |
| 13.1.3. Others |
| 13.2. Technology/Flow Type Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Co-current |
| 13.2.2. Concurrent |
| 13.2.3. Mixed |
| 13.3. Drying Stage Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Single Stage |
| 13.3.2. Two Stage |
| 13.3.3. Multi Stage |
| 13.4. Cycle Type Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Closed Type |
| 13.4.2. Open Type |
| 13.5. End-Use Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.5.1. Food & Beverages |
| 13.5.2. Feed Industry |
| 13.5.3. Pharmaceutical Industry |
| 13.5.4. Chemical Industry |
| 13.5.5. Others |
| 13.6. Country Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.6.1. Japan |
| 13.6.2. China |
| 13.6.3. India |
| 13.6.4. ASEAN |
| 13.6.5. Australia & New Zealand |
| 13.6.6. Rest of Asia-Pacific |
| 13.7. Asia-Pacific Spray Drying Equipment Market - Opportunity Analysis Index, By Product, By Technology, By drying Stage, By Cycle Type, By End-Use, and Country, 2021 - 2026 |
| 13.8. Asia-Pacific Spray Drying Equipment Market Dynamics Trends |
| 14. Latin America Spray Drying Equipment Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 14.1. Product Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.1.1. Pilot & Small Scale Spray Dryers |
| 14.1.2. Large Scale Spray Dryers |
| 14.1.3. Others |
| 14.2. Technology/Flow Type Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.2.1. Co-current |
| 14.2.2. Concurrent |
| 14.2.3. Mixed |
| 14.3. Drying Stage Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.3.1. Single Stage |
| 14.3.2. Two Stage |
| 14.3.3. Multi Stage |
| 14.4. Cycle Type Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.4.1. Closed Type |
| 14.4.2. Open Type |
| 14.5. End-Use Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.5.1. Food & Beverages |
| 14.5.2. Feed Industry |
| 14.5.3. Pharmaceutical Industry |
| 14.5.4. Chemical Industry |
| 14.5.5. Others |
| 14.6. Country Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 14.6.1. Brazil |
| 14.6.2. Mexico |
| 14.6.3. Argentina |
| 14.6.4. Rest of Latin America |
| 14.7. Latin America Spray Drying Equipment Market - Opportunity Analysis Index, By Product, By Technology, By drying Stage, By Cycle Type, By End-Use, and Country, 2021 - 2026 |
| 14.8. Latin America Spray Drying Equipment Market Dynamics Trends |
| 15. Middle East and Africa Spray Drying Equipment Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 15.1. Product Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 15.1.1. Pilot & Small Scale Spray Dryers |
| 15.1.2. Large Scale Spray Dryers |
| 15.1.3. Others |
| 15.2. Technology/Flow Type Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 15.2.1. Co-current |
| 15.2.2. Concurrent |
| 15.2.3. Mixed |
| 15.3. Drying Stage Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 15.3.1. Single Stage |
| 15.3.2. Two Stage |
| 15.3.3. Multi Stage |
| 15.4. Cycle Type Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 15.4.1. Closed Type |
| 15.4.2. Open Type |
| 15.5. End-Use Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 15.5.1. Food & Beverages |
| 15.5.2. Feed Industry |
| 15.5.3. Pharmaceutical Industry |
| 15.5.4. Chemical Industry |
| 15.5.5. Others |
| 15.6. Country Analysis 2015 - 2019 and Forecast 2021 - 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 15.6.1. Gulf Cooperation Council (GCC) Countries |
| 15.6.2. Israel |
| 15.6.3. South Africa |
| 15.6.4. Rest of MEA |
| 15.7. MEA Spray Drying Equipment Market - Opportunity Analysis Index, By Product, By Technology, By drying Stage, By Cycle Type, By End-Use, and Country, 2021 - 2026 |
| 15.8. MEA Spray Drying Equipment Market Dynamics Trends |
| 16. Competition Landscape |
| 16.1. Strategic Dashboard of Top Market Players |
| 16.2. Company Profiles (Introduction, Financial Analysis, Feedstock Material & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 16.2.1. Unopex (BAKON) |
| 16.2.2. GEA Group |
| 16.2.3. Acmefil Engineering Systems Pvt. Ltd. |
| 16.2.4. Advanced Drying Systems |
| 16.2.5. Carrier Vibrating Equipment Inc. |
| 16.2.6. Yamato Scientific America |
| 16.2.7. Buchi Labortechnik AG |
| 16.2.8. European SprayDry Technologies |
| 16.2.9. G Larsson Starch Technology AB |
| 16.2.10. Hemraj Enterprise |
| 16.2.11. Freund Vector Corporation |
| 16.2.12. SPX Flow |
| 16.2.13. Labplant |
| 16.2.14. Tetra Pak International SA |
| 16.2.15. Dedert Corporation |
| 16.2.16. Shandong Tianli Drying Technology & Equipment |
| 17. Research Methodology |
| 18. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.