The global contact & convective dryers market is estimated to top USD 199.1 Million by 2022. Growing emphasis on drying across industries as an imperative process for the sustenance of product quality is favoring the growth in the market.
| Attribute | Details |
|---|---|
| Contact & Convective Dryers Market Estimated Size in 2022 | USD 199.1 Million |
| Contact & Convective Dryers Market Projected Size in 2029 | USD 252.4 Million |
| Contact & Convective Dryers Market Historical CAGR (2014 to 2021) | 2.9% |
| Contact & Convective Dryers Market Value-based CAGR (2022 to 2029) | 3.4% |
Sales in the global contact & convective dryers market are anticipated to rise at a CAGR of 3.4% during the forecast period 2022 to 2029, as per Future Market Insights (FMI). Increasing applications of contact & convective dryers in the food & beverages industry are propelling the growth of the market.
FMI has forecast East Asia to remain the dominant market followed by South Asia, accounting for around 32.8% of the sales in 2022. The top 4 market players in the market are projected to account for nearly 30%-32% through 2029.
| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 3.5% |
| H1,2022 Projected (P) | 3.5% |
| H1,2022 Outlook (O) | 3.7% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (+) 22 ↑ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 22 ↑ |
Future Market Insights estimated a comparison analysis for the Contact and Convective Dryers market which is primarily driven due to the high energy consumption rates of the product, government rules, and limits that have a significant impact on the market for contact and convective dryers. The growth of the target market in the country is anticipated to be moderately impacted by various government laws relating to the energy efficiency of products.
Over the past three decades, industrial drying has seen a tremendous increase in research and development (R&D) to keep up with the evolving product kinds that need to be dried. Before now, the drying industry research and development has turned from energy conservation to improving product quality, reducing emissions, and enhancing process safety.
Any sector that uses industrial drying, notably contact, and convective dryers, uses a significant amount of energy, and rising Research and Development expenditures are aimed at lowering that consumption. FMI evaluates the variations between the BPS points in this market in H1, 2022 - Outlook over H1, 2022 Projected a gain of 22 points. Notably, compared to H1, 2021, the market is expected to increase with 22 BPS points in H1 -2022.
Due to rising population needs, rising investments, and significant growth in Greenfield projects, the pharmaceutical, chemical, and food and beverage industries are expected to experience exponential growth in the country over the next few years. This is expected to further fuel demand for contact and convective dryers.
As per FMI, the demand in the global contact & convective dryers market grew at 2.9% CAGR over the assessment years between 2014 and 2021.
Contact & convective dryers are industrial dryers used for providing the heat necessary for evaporation and removing water or moisture from various products. These dryers offer consistent and even heating throughout the vessel, thereby, improving the quality and durability of the end product.
Due to these factors, contact & convective dryers are increasingly used as intermittent drying equipment to reduce moisture and cure products across food & beverage, chemicals, metallurgy, pharmaceuticals, and manufacturing industries.
The rapidly expanding chemical and pharmaceutical industries across developing economies such as China and India are fuelling the demand in the market. On account of this, the global contact & convective dryers market is expected to grow at 3.4% CAGR over the forecast period 2022 to 2029.
Industrial drying has emerged as a vital process, accounting for 12% to 25% of the total industrial energy consumption. With the increasing emphasis on declining energy consumption, contact dryers are gaining popularity owing to their ability to improve industrial energy efficiency and reduce greenhouse gases emission.
Also, governments in various countries are implementing stringent regulations to curb carbon dioxide emissions and improve industrial energy efficiency. This also has resulted in higher uptake of contact dryers. Within the pharmaceutical sector contact dryers are often used in the preparation of granules for tablets and capsules.
Within the food processing industry, the typical application of drying includes dairy products, coffee and coffee surrogates, processed cereals, starch derivatives, and potatoes. Demand in diverse sectors is likely to increase as the focus on reducing energy consumption rises. This will present lucrative scope for the market.
Rapid Growth of Industrial Processing Verticals to Propel Demand for Contact and Convective Dryers
FMI states that China is projected to account for the dominant share in the East Asia contact & convective dryers market through 2029.
Fast-paced expansion of the industrial processing sector in China, owing to increasing production and exports of chemicals and pharmaceuticals products is favoring the growth in the market. Also, the increasing adoption of high-performance industrial equipment for meeting complex drying requirements, especially for powdered products is propelling the demand for contact & convective dryers in the country.
Driven by this, the sales in China are estimated to rise at a robust CAGR, assisting the East Asia market to account for around 32.8% of the revenue share in 2022.
Growing Popularity of Superheated Steams Technique to Bolster Convectional Dryer Sales
With increasing concerns regarding the use of volatile components, industrial players are increasingly adopting convective dryers to eliminate risks of cross-contamination while removing remove moisture and water content for products, especially for heat-sensitive products.
Hence, they are extensively using innovative drying techniques such as superheated steam to nullify the presence of any volatile components, keep the environment inside the vessel inert and ease the exhaust gas treatment in convection dryers.
On account of this, the sales of conventional dryers are projected to accelerate at a rapid pace in India through 2029. This rise in sales is estimated to assist the South Asia market to capture nearly 30.7% of the value share in 2022.
Regulation to Control Industrial Greenhouse Gas Emission to Favor Sales of Contact Dryers
The government of the USA is increasingly focusing on curbing the country’s greenhouse emissions by implementing numerous regulations, especially across the industrial processing sector.
For instance, according to the Center for Climate and Energy Solutions, the Environmental Protection Agency in the USA has implemented a number of new source performance standards (NSPS) under Section 111(b) of the Clean Air Act for controlling industrial greenhouse gas emissions across the country in 2020.
As contact dryers assist in handling toxic materials, improving energy efficiency, and reducing carbon emissions, they are gaining immense popularity across the industrial sector. Hence, a slew of such regulations in the USA is projected to support the North American market to account for nearly 13.8% of total sales through 2022.
Surging Demand for Energy-Efficient Industrial Equipment to Augment the Contact Dryers Sales
As per Future Market Insights, the contact dryers segment is estimated to register growth at a robust CAGR between 2022 and 2029. Contact dryers use indirect methods for the removal of the liquid phase from products through the application of heat. They also assist in improving energy efficiency, eliminating solvent fumes, and providing faster drying.
Hence, the growing demand for energy-efficient industrial equipment across food & beverages, and chemical industries are spurring the sales of contact dryers.
Vertical Contact & Convective Dryers Demand to Soar through 2029
On the basis of orientation, the global contact & convection dryers market is segmented into vertical and horizontal. FMI states that the vertical segment is projected to account for the dominant share of the market over the assessment period.
Better product mixing capabilities, ability to fit in compact space, and high drying efficiency in comparison to horizontal dryers are primary factors favoring the sales of vertical contact & convection dryers.
Expanding Pharmaceutical Sector in China and India to Favor the Demand for Contact & Convective Dryers
As per FMI, the pharmaceutical segment is expected to account for a significant share of the market, expanding at a 3% CAGR during the forecast period 2022 to 2029.
Increasing applications of contact & convection dryers across the pharmaceutical industry for handling heat-sensitive products and removing moisture from powered products is favoring the growth in the segment. Hence, growing government investments in expanding pharmaceutical manufacturing capacity across India and China are expected to facilitate the sales of contact & convection dryers in the coming years.
Leading players operating in the global contact & convective dryers market are focusing on providing customized products as per the end-user requirements. Some of the other companies are aiming at entering into strategic collaboration, partnership, acquisition, and mergers with players to strengthen their market footprint.
For instance:
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2029 |
| Historical Data Available for | 2014 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, United Kingdom, France, Italy, Spain, Poland, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa |
| Key Segments Covered | Product Type, Orientation, Application, and Region |
| Key Companies Profiled | Andritz-Gouda B.V.; GEA Group AG; FLSmidth; ThyssenKrupp AG; Meter Group, Inc; Others |
| Report Coverage | Market Forecast, brand share analysis, competition intelligence, Drivers, Restraints, Opportunities and Threats analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Table 01: Global Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Product Type
Table 02: Global Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Orientation
Table 03: Global Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by End Use
Table 04: Global Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Region
Table 05: North America Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Country
Table 06: North America Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Product Type
Table 07: North America Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Orientation
Table 08: North America Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by End Use
Table 09: Latin America Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Country
Table 10: Latin America Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Product Type
Table 11: Latin America Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Orientation
Table 12: Latin America Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by End Use
Table 13: Europe Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Country
Table 14: Europe Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Product Type
Table 15: Europe Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Orientation
Table 16: Europe Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by End Use
Table 17: South Asia Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Country
Table 18: South Asia Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Product Type
Table 19: South Asia Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Orientation
Table 20: South Asia Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by End Use
Table 21: East Asia Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Country
Table 22: East Asia Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Product Type
Table 23: East Asia Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Orientation
Table 24: East Asia Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by End Use
Table 25: MEA Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Country
Table 26: MEA Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Product Type
Table 27: MEA Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Orientation
Table 28: MEA Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by End Use
Table 29: China Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Product Type
Table 30: China Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Orientation
Table 31: China Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by End Use
Table 32: India Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Product Type
Table 33: India Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by Orientation
Table 34: India Market Value (US$ Million) and Volume (Units) Historical Data 2014 to 2021 and Forecast 2022 to 2029 by End Use
Figure 01: Global Market Historical Volume (Units), 2014 to 2021
Figure 02: Global Market Volume (Units) Forecast, 2022 to 2029
Figure 03: Global Market Historical Value (US$ Million) & Y-o-Y Growth (%), 2014 to 2021
Figure 04: Global Market Value (US$ Million) Forecast & Y-o-Y Growth (%), 2022 to 2029
Figure 05: Global Market Absolute $ Opportunity, 2014-2029
Figure 06: Global Market Share and BPS Analysis by Product Type- 2022 & 2029
Figure 07: Global Market Y-o-Y Growth Projections by Product Type, 2021 to 2029
Figure 08: Global Market Attractiveness by Product Type, 2022 to 2029
Figure 09: Global Market Absolute $ Opportunity by Contact Dryer Segment
Figure 10: Global Market Absolute $ Opportunity by Convective Dryer Segment
Figure 11: Global Market Share and BPS Analysis by Orientation- 2022 & 2029
Figure 12: Global Market Y-o-Y Growth Projections by Orientation, 2021 to 2029
Figure 13: Global Market Attractiveness by Orientation, 2022 to 2029
Figure 14: Global Market Absolute $ Opportunity by Contact Dryer Segment
Figure 15: Global Market Absolute $ Opportunity by Vertical Segment
Figure 16: Global Market Share and BPS Analysis by End Use- 2022 & 2029
Figure 17: Global Market Y-o-Y Growth Projections by End Use, 2021 to 2029
Figure 18: Global Market Attractiveness by End Use, 2022 to 2029
Figure 19: Global Market Absolute $ Opportunity by Pharmaceutical Industry Segment
Figure 20: Global Market Absolute $ Opportunity by Metallurgical Industry Segment
Figure 21: Global Market Absolute $ Opportunity by Chemical Industry Segment
Figure 22: Global Market Absolute $ Opportunity by F&B Industry Segment
Figure 23: Global Market Absolute $ Opportunity by Auxiliary Manufacturing Segment
Figure 24: Global Market Share and BPS Analysis by Region- 2022 & 2029
Figure 25: Global Market Y-o-Y Growth Projections by Region, 2021 to 2029
Figure 26: Global Market Attractiveness by Region, 2022 to 2029
Figure 27: North America Market Absolute $ Opportunity
Figure 28:Latin America Market Absolute $ Opportunity
Figure 29: Europe Market Absolute $ Opportunity
Figure 30: South Asia Market Absolute $ Opportunity
Figure 31: East Asia Market Absolute $ Opportunity
Figure 32: MEA Market Absolute $ Opportunity
Figure 33: North America Market Share and BPS Analysis by Country- 2022 & 2029
Figure 34: North America Market Y-o-Y Growth Projections by Country, 2021 to 2029
Figure 35: North America Market Attractiveness by Country, 2022 to 2029
Figure 36: U.S. Market Absolute $ Opportunity
Figure 37: Canada Market Absolute $ Opportunity
Figure 38: North America Market Share and BPS Analysis by Product Type- 2022 & 2029
Figure 39: North America Market Y-o-Y Growth Projections by Product Type, 2021 to 2029
Figure 40: North America Market Attractiveness by Product Type, 2022 to 2029
Figure 41: North America Market Share and BPS Analysis by Orientation- 2022 & 2029
Figure 42: North America Market Y-o-Y Growth Projections by Orientation, 2021 to 2029
Figure 43: North America Market Attractiveness by Orientation, 2022 to 2029
Figure 44: North America Market Share and BPS Analysis by End Use- 2022 & 2029
Figure 45: North America Market Y-o-Y Growth Projections by End Use, 2021 to 2029
Figure 46: North America Market Attractiveness by End Use, 2022 to 2029
Figure 47: Latin America Market Share and BPS Analysis by Country- 2022 & 2029
Figure 48: Latin America Market Y-o-Y Growth Projections by Country, 2021 to 2029
Figure 49: Latin America Market Attractiveness by Country, 2022 to 2029
Figure 50: Brazil Market Absolute $ Opportunity
Figure 51: Mexico Market Absolute $ Opportunity
Figure 52: Rest of Latin America Market Absolute $ Opportunity
Figure 53: Latin America Market Share and BPS Analysis by Product Type- 2022 & 2029
Figure 54: Latin America Market Y-o-Y Growth Projections by Product Type, 2021 to 2029
Figure 55: Latin America Market Attractiveness by Product Type, 2022 to 2029
Figure 56: Latin America Market Share and BPS Analysis by Orientation- 2022 & 2029
Figure 57: Latin America Market Y-o-Y Growth Projections by Orientation, 2021 to 2029
Figure 58: Latin America Market Attractiveness by Orientation, 2022 to 2029
Figure 59: Latin America Market Share and BPS Analysis by End Use- 2022 & 2029
Figure 60: Latin America Market Y-o-Y Growth Projections by End Use, 2021 to 2029
Figure 61: Latin America Market Attractiveness by End Use, 2022 to 2029
Figure 62: Europe Market Share and BPS Analysis by Country- 2022 & 2029
Figure 63: Europe Market Y-o-Y Growth Projections by Country, 2021 to 2029
Figure 64: Europe Market Attractiveness by Country, 2022 to 2029
Figure 65: Germany's Absolute $ Opportunity
Figure 66: Italy's Absolute $ Opportunity
Figure 67: France's Absolute $ Opportunity
Figure 68: United Kingdom Absolute $ Opportunity
Figure 69: Spain's Absolute $ Opportunity
Figure 70: BENELUX Absolute $ Opportunity
Figure 71: Rest of Europe's Absolute $ Opportunity
Figure 72: Europe Market Share and BPS Analysis by Product Type- 2022 & 2029
Figure 73: Europe Market Y-o-Y Growth Projections by Product Type, 2021 to 2029
Figure 74: Europe Market Attractiveness by Product Type, 2022 to 2029
Figure 75: Europe Market Share and BPS Analysis by Orientation- 2022 & 2029
Figure 76: Europe Market Y-o-Y Growth Projections by Orientation, 2021 to 2029
Figure 77: Europe Market Attractiveness by Orientation, 2022 to 2029
Figure 78: Europe Market Share and BPS Analysis by End Use- 2022 & 2029
Figure 79: Europe Market Y-o-Y Growth Projections by End Use, 2021 to 2029
Figure 80: Europe Market Attractiveness by End Use, 2022 to 2029
Figure 81: South Asia Market Share and BPS Analysis by Country- 2022 & 2029
Figure 82: South Asia Market Y-o-Y Growth Projections by Country, 2021 to 2029
Figure 83: South Asia Market Attractiveness by Country, 2022 to 2029
Figure 84: India's Absolute $ Opportunity
Figure 85: ASEAN Absolute $ Opportunity
Figure 86: Oceania Absolute $ Opportunity
Figure 87: Rest of South Asia Absolute $ Opportunity
Figure 88: South Asia Market Share and BPS Analysis by Product Type- 2022 & 2029
Figure 89: South Asia Market Y-o-Y Growth Projections by Product Type, 2021 to 2029
Figure 90: South Asia Market Attractiveness by Product Type, 2022 to 2029
Figure 91: South Asia Market Share and BPS Analysis by Orientation- 2022 & 2029
Figure 92: South Asia Market Y-o-Y Growth Projections by Orientation, 2021 to 2029
Figure 93: South Asia Market Attractiveness by Orientation, 2022 to 2029
Figure 94: South Asia Market Share and BPS Analysis by End Use- 2022 & 2029
Figure 95: South Asia Market Y-o-Y Growth Projections by End Use, 2021 to 2029
Figure 96: South Asia Market Attractiveness by End Use, 2022 to 2029
Figure 97: East Asia Market Share and BPS Analysis by Country- 2022 & 2029
Figure 98: East Asia Market Y-o-Y Growth Projections by Country, 2021 to 2029
Figure 99: East Asia Market Attractiveness by Country, 2022 to 2029
Figure 100: Japan Market Absolute $ Opportunity
Figure 101: China Market Absolute $ Opportunity
Figure 102: South Korea Market Absolute $ Opportunity
Figure 103: East Asia Market Share and BPS Analysis by Product Type- 2022 & 2029
Figure 104: East Asia Market Y-o-Y Growth Projections by Product Type, 2021 to 2029
Figure 105: East Asia Market Attractiveness by Product Type, 2022 to 2029
Figure 106: East Asia Market Share and BPS Analysis by Orientation- 2022 & 2029
Figure 107: East Asia Market Y-o-Y Growth Projections by Orientation, 2021 to 2029
Figure 108: East Asia Market Attractiveness by Orientation, 2022 to 2029
Figure 109: East Asia Market Share and BPS Analysis by End Use- 2022 & 2029
Figure 110: East Asia Market Y-o-Y Growth Projections by End Use, 2021 to 2029
Figure 111: East Asia Market Attractiveness by End Use, 2022 to 2029
Figure 112: MEA Market Share and BPS Analysis by Country- 2022 & 2029
Figure 113: MEA Market Y-o-Y Growth Projections by Country, 2021 to 2029
Figure 114: MEA Market Attractiveness by Country, 2022 to 2029
Figure 115: GCC Absolute $ Opportunity
Figure 116: Northern Africa Absolute $ Opportunity
Figure 117: Southern Africa Absolute $ Opportunity
Figure 118: Rest of MEA Absolute $ Opportunity
Figure 119: MEA Market Share and BPS Analysis by Product Type- 2022 & 2029
Figure 120: MEA Market Y-o-Y Growth Projections by Product Type, 2021 to 2029
Figure 121: MEA Market Attractiveness by Product Type, 2022 to 2029
Figure 122: MEA Market Share and BPS Analysis by Orientation- 2022 & 2029
Figure 123: MEA Market Y-o-Y Growth Projections by Orientation, 2021 to 2029
Figure 124: MEA Market Attractiveness by Orientation, 2022 to 2029
Figure 125: MEA Market Share and BPS Analysis by End Use- 2022 & 2029
Figure 126: MEA Market Y-o-Y Growth Projections by End Use, 2021 to 2029
Figure 127: MEA Market Attractiveness by End Use, 2022 to 2029
Figure 128: Emerging Markets Market Share by Country, 2022E
Figure 129: Global Market Share by Region, 2022E
Figure 130: Global & Emerging Countries Market Y-o-Y Growth Projections, 2021 to 2029
Figure 131: Global & Emerging Countries Market Share and BPS Analysis - 2022 & 2029
The contact & convective dryers market is expected to surpass a valuation of USD 192.4 Million in 2021.
The global contact & convective dryers market grew at a 2.9% CAGR over the past assessment period from 2014 to 2021.
The contact & convective dryers market is expected to register steady growth, expanding a 3.4% CAGR between 2022 and 2029.
East Asia currently leads the global contact & convective dryers market, holding more than 32.8% of the total market share.
Europe's contact & convective dryers market will hold a significant share accounting for nearly 15.7% of the revenue share in 2022.
In terms of application, the pharmaceutical segment is expected to account for maximum sales, exhibiting growth at 3% CAGR through 2029.
Explore Similar Insights
Contact and Convective Dryers Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
