Spray Drying Systems Market
Spray Drying Systems Market
The market for Spray Drying Systems was estimated at $6.50 billion in 2024; it is anticipated to increase to $9.2 billion by 2030, with projections indicating growth to around $12.2 billion by 2035.
Global Spray Drying Systems Market Outlook
Revenue, 2024 (US$B)
Forecast, 2034 (US$B)
CAGR, 2024 - 2034
Market Key Insights
- The Spray Drying Systems market is projected to grow from $6.5 billion in 2024 to $11.5 billion in 2034. This represents a CAGR of 5.9%, reflecting rising demand across Pharmaceutical Industry, Dyes and Pigments Production and Food and Beverage Industry.
- GEA Group AG, Buchi Labortechnik AG, SPX FLOW Inc are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Spray Drying Systems market and are expected to observe the growth CAGR of 3.8% to 5.7% between 2024 and 2030.
- Emerging markets including Vietnam, South Africa and Argentina are expected to observe highest growth with CAGR ranging between 6.8% to 8.1%.
- Transition like "Digital Surge in Spray Drying Systems is expected to add $700.0 million to the Spray Drying Systems market growth by 2030
- The Spray Drying Systems market is set to add $5.0 billion between 2024 and 2034, with manufacturer targeting Pharmaceutical & Chemical Application projected to gain a larger market share.
- With Increased adoption of spray drying in pharmaceutical sector, and Rise of dairy and food processing industries, Spray Drying Systems market to expand 77% between 2024 and 2034.
Opportunities in the Spray Drying Systems
Spray drying systems are becoming increasingly popular in the food industry worldwide because of their use in making food items such, as milk beverages..
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Increased Adoption of Spray Drying in Pharmaceutical Sector, and Technological Advancements in Spray Drying Systems
Restraint: High Capital Investment
Opportunity: Expanding Pharmaceutical Applications and Sustainability Advancements
Challenge: Stringent Regulatory Compliance
Supply Chain Landscape
Dowdupont Inc
BASF SE
Evonik Industries AG
GEA Group AG
SPX Flow Technology
Yamato Scientific Co
Buchi Labortechnik AG
Shandong Tianli Drying Technology and Equipment
Pharmaceutical
Food
Chemical Industries
Dowdupont Inc
BASF SE
Evonik Industries AG
GEA Group AG
SPX Flow Technology
Yamato Scientific Co
Buchi Labortechnik AG
Shandong Tianli Drying Technology and Equipment
Pharmaceutical
Food
Chemical Industries