March 12, 2019 by Steve Blade
A recent study of Fact.MR foresees the flash dryers market to record a moderate 3.4% CAGR through 2028, as the flash dryers market is almost at its mature stage. Medium-sized flash dryers have been envisaged to record a relatively faster value sales growth during the period 2018 to 2028. Faster sales of medium-sized flash dryers can be attributed to the advent of continuous spin flash dryers, particularly for small- and medium-sized industries that are showcasing a surge in emerging markets, where opportunities for industrial growth is abundant. Despite relative dominance of medium-sized flash dryers in terms of value sales, large-sized flash dryers will continue to subjugate the flash dryers market in terms of revenues.
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Asia-Pacific (APAC) continues to hold leading shares of the flash dryers market. APAC’s supremacy, in terms of both value and volume, in the flash dryers market can be attributed to growing occupancy of food industries, particularly in India and China. According to the Food and Agriculture Organization (FAO), China is the largest producer of tea, trailed by India in APAC. Tea processing industries pose a significantly positive influence on demand for flash dryers in these countries. Additionally growing focus on high-quality processed food, along with incessant rise in total regional food production, will continue to underpin growth of the flash dryers market in APAC.
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A systematic representation of imperative segments of the flash dryers market has been offered in terms of a market taxonomy in the report. The flash dryers market has been primary categorized on the basis of size, end-use industries, operating principle and region. Small, medium and large are basic sizes of the flash dryers available in the market, on which in-depth analysis and forecast has been offered in the report. The report has classified end-use industries in the flash dryers market into food, fertilizer, chemical, construction material, pharmaceutical, and others. Direct drying and indirect drying are key operating principles elucidated and analyzed in the report.
Medium-sized flash dryers will continue to outsell small- and large-sized flash dryers during the forecast period. Revenues from medium-sized flash dryers are expected to account for over two-fifth share of the flash dryers market by 2028-end. Advent and advancements in continuous flash dryers has brought significant transformations in the industrial automation sector. This is fundamentally underpinned by growing investment in flash dryer development to cater to demand in food and chemical industries. Managing process time in end-use industries is a key factor that has propelled demand for medium-sized continuous flash dryers in recent years. Proliferation of SMEs apropos of drying plants in emerging markets will continue to favor demand for medium-sized flash dryers in the near future.
A SWOT analysis, which highlight key strengths, weaknesses, opportunities and threats to the players underpinning growth of the flash dryers market, has also been offered in detail in this chapter. Flash dryers manufacturing companies profiled and analyzed by the report include ThyssenKrupp AG, GEA Group Aktiengesellschaft, ANDRITZ AG, and FLSmidth Group.
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