The report "Industrial Dryers Market by Product (Direct, Indirect, Specialty), Type (Rotary, Fluidized Bed, Spray), Application (Food, Pharmaceutical, Fertilizer, Chemicals, Cement), and Region - Global Forecast to 2026", The global industrial dryers market was valued at USD 4.00 Billion in 2015 and is projected to reach USD 6.37 Billion by 2026, at a CAGR of 4.3% from 2016 to 2026. Increasing demand for industrial dryers from the food, pharmaceutical, chemicals, fertilizer, cement, minerals, and paper & pulp industries is projected to drive the growth of the market in the near future.
The Asia-Pacific region was the largest industrial dryers market in 2015 owing to the rise in demand for industrial dryers in this region from the end-use industries such as food, pharmaceutical, chemicals, fertilizer, cement, minerals, and paper & pulp in the region. China, India, and Japan are the leading countries in terms of consumption of industrial dryers in the Asia-Pacific region. The easy availability of raw material and labor and the increase in demand from end-use industries is projected to drive the growth of the industrial dryers market in these countries.
Key players operational in the industrial dryers market include ThyssenKrupp AG (Germany), Andritz AG (Austria), GEA Group (Germany), Metso Corporation (Finland), FLSmidth & Co. A/S (Denmark), Buhler Holding AG (Switzerland), ANIVI Ingeniería SA (Spain), Carrier Vibrating Equipment, Inc. (U.S.), COMESSA (France), and Mitchell Dryers Ltd. (U.K.).
