Anticipating substantial growth, the global contact & convective dryers market is positioned for a remarkable trajectory, with projections exceeding a valuation of US$ 252.4 million by 2029. Future Market Insights (FMI) envisions a consistent and commendable Compound Annual Growth Rate (CAGR) of 3.4% from 2022 to 2029. The driving force behind this expansion is the increasing application of contact & convective dryers, particularly within the food and beverages industry.
Contact & convective dryers have evolved into indispensable tools, particularly in the realm of food and beverages, where the demand for efficient and precise drying processes is paramount. These dryers play a pivotal role in maintaining product quality, reducing moisture content, and extending the shelf life of various food and beverage products. As the industry undergoes continual evolution and diversification, the reliance on these dryers is expected to intensify, fortifying the overall market.
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FMI Study Identifies Industrial Drying's Vital Role in Fueling Contact and Convective Dryers Market Growth:
Industrial drying, a cornerstone in safeguarding product quality, has emerged as a pivotal catalyst propelling the expansion of the contact and convective dryers market, as revealed by the comprehensive study conducted by FMI. Within the intricate landscape of unit operations, industrial drying takes a prominent position, fueled by the relentless pursuit of "operational efficiency" across end-user industries.
The FMI study underscores the significance of contact and convective dryers, particularly in their capacity as intermittent drying equipment. In the journey ahead, these dryers are slated to occupy a central role in 2022 and beyond. Their pivotal function lies in addressing fundamental drying prerequisites, priming products for subsequent intricate drying stages. Nonetheless, manufacturers are poised to grapple with challenges including limited installation rates and a low replacement ratio, intricacies that underscore the delicate equilibrium within the contact and convective dryers market.
Key Takeaways from the Global Contact & Convective Dryers Market Insight:
- Steady Demand Growth: The global contact & convective dryers market experienced a consistent demand surge, achieving a notable 2.9% compound annual growth rate (CAGR) during the assessment period from 2014 to 2021.
- Functional Excellence: These dryers, essential in industrial operations, play a pivotal role by supplying essential heat for evaporation and moisture removal. Their distinct attribute lies in delivering uniform and dependable heating throughout the vessel, significantly enhancing end product quality and durability.
- Enhanced Application Scope: As intermittent drying equipment, contact & convective dryers are harnessed across diverse sectors including food & beverage, chemicals, metallurgy, pharmaceuticals, and manufacturing. This versatility stems from their efficacy in reducing moisture and facilitating product curing.
- Emerging Economic Drivers: The thriving chemical and pharmaceutical industries, notably in burgeoning economies such as China and India, are instrumental in propelling market demand. This growth trend paves the way for a projected 3.4% CAGR from 2022 to 2029, signaling sustained expansion for the global contact & convective dryers market.
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Key Companies Profiled in Report:
- Andritz-Gouda B.V.
- GEA Group AG
- FLSmidth
- ThyssenKrupp AG
- Meter Group, Inc
- Others
Key Segments Covered:
By Product Type:
- Contact
- Convective
By Orientation:
- Horizontal
- Vertical
By Application:
- Pharmaceuticals
- Metallurgy
- Food & Beverages
- Chemicals
- Auxiliary Manufacturing
By Region:
- North America
- Europe
- Latin America
- South Asia
- East Asia
- Middle East & Africa (MEA)
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