Growth in the Construction and Food Industry to Drive the Global Industrial Dryers Market Through 2020, Says Technavio

LONDON--()--According to the latest market study released by Technavio, the global industrial dryers market is expected to exceed USD 26 billion by 2020.

This research report titled ‘Global Industrial Dryers Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

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The report categorizes the global industrial dryers market into the following five major end-user segments, of which the top three are discussed in detail. They are:

  • Cement
  • Food
  • Fertilizers
  • Paper and Pulp
  • Others

Global industrial dryers market by cement industry

The global industrial dryers market by the cement industry is predicted to reach USD 5.7 billion by 2020. Cement is the primary component used in construction, whether residential or commercial and drying is an important process in the manufacturing of cement. Rotary dryers are the most commonly used dryers in the cement industry although flow pattern dryers and stirring drying positive airflow drying tubes are also used.

The global construction industry is expected to witness 85% growth in volume to reach USD 15.5 trillion by 2030. According to Gaurav Mohindru, a lead analyst at Technavio for unit operations research, “The growth in the construction sector globally and increasing investment in infrastructure development will result in more demand for cement, thus propelling production.”

Global industrial dryers market by food industry

The global industrial dryers market by the food industry is forecast to reach USD 4.6 billion during the forecast period. The market for food products like cereals, pulses, and dairy products is expected to increase. The primary reason for the growth in food production is the rising global population and the growing consumption of agricultural commodities in emerging economies, which is an offshoot of economic growth, leading to increasing per capita consumption. The consumption of essential agricultural commodities like coarse grains, rice, and wheat has witnessed a rise in the past decade.

“In order to meet the rising demand for basic agricultural products, there is a strong need to increase the production, which would result in an increased demand for industrial dryers, which are used in the food industry as spray or freeze dryers to remove the excess moisture content from various food items like rice and grains,” says Gaurav.

Global industrial dryers market by fertilizer industry

The global dryers market by the fertilizer industry is predicted to reach USD 4 billion by 2020. The global food production outlook is expected to improve in line with global economic growth. The consumption of fertilizers has increased significantly, especially in the developing economies, over the past decade because of the imbalance between food demand and supply. The rising demand for food is the principal factor driving the growth of the fertilizers market.

Another factor that has been driving market growth in this industry is the decline in the extent of arable land, which makes it extremely difficult for farmers to increase their productivity to meet the growing demand for food. Hence, farmers are increasingly relying on fertilizers to improve the agricultural growth and yield.

Rotary dryers are mainly used in the fertilizer industry to remove moisture in the production process of ammonium sulfate and nitrogen, phosphorous and potassium fertilizers.

The top vendors highlighted by Technavio’s research analysts in this report are:

  • Carrier Vibrating Equipment
  • FEECO
  • GEA
  • Glatt
  • Metso

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

According to the latest market study released by Technavio, the global industrial dryers market is expected to exceed USD 26 billion during the forecast period.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com