Future Market Insights (FMI) examines the growth trajectory of the contact and convective dryers market for the assessment timeframe of 2022-2029 in its latest research study. According to the research study, sales of contact and convective dryers reached 2,649 units in 2021, with a 2.8 percent year-on-year increase expected in 2022.
According to the FMI study, the growing emphasis on industrial drying as a necessity for maintaining product quality is emerging as a foundation for the growth of the contact and convective dryers market. Industrial drying is still one of the most in-demand unit operations, and this demand is expected to rise as end-user industries strive for ‘operational efficiency.’
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Contact and convective dryers are industrial dryers that provide the heat required for evaporation and water removal.
Industrial drying has been spectating proactive efforts in boosting research & development (R&D) over the last three decades to adapt to the evolving requirements coming from various product types. Growing investments in research and development activities is marking new beginnings for the market in terms of new product developments and innovations coming to the fore.
Customized contact and convective dryers will remain a prime focus for manufacturers to revive their business models, unveils the FMI research study. As product customization is one of the best tools businesses can use to comprehend the end user needs, manufacturers are focusing on product personalization to diversify their offerings and reach new markets with minimum tweaks to their business models.
Manufacturers active in the contact and convective dryers market will continue placing their bets on strategic mergers and acquisitions, with new possibilities as a result of combined-expertise and shared resources pool.
According to the report, the role of contact and convective dryers in form of intermittent drying equipment is likely to be prominent in 2022 and beyond, as they address the fundamental drying requirements before the products go upstream for complex drying processes. However, limited installation rate coupled with low replacement ratio are two of the key factors expected to pose significant challenges for manufacturers of contact and convective dryers.
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Key Segment:
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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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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