Persistence Market Research digs deep into the global centrifugal industrial dryer market and fetches some key information through structured market research. The report titled “Centrifugal Industrial Dryer Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025)” gauges the market and predicts the future demographic and changes of the market. The present estimated value of the global centrifugal industrial dryer market is about US$ 195.1 Mn and the market will grow at a CAGR of 3.9% to reach a market valuation of US$ 264.8 Mn by the end of 2025.
Global Centrifugal Industrial Dryer Market: Dynamics
Centrifugal industrial dryers are widely used in applications such as metal finishing, food processing, plastic recycling, pharmaceutical and chemical. The following factors are primarily responsible for growth in revenue of the global market:
Healthy growth in the industrial sector to boost market demand: Centrifugal dryers are utilized in various end-use industries for drying of lightweight and small-sized components and products. Over the past few years, there has been a positive growth in the industry, which is an impact of re-shifting of manufacturing at the global level. This is expected to create hope for market participants for a positive upsurge in the demand for centrifugal dryers.
Growing environmental concerns increasing the need for plastic recycling: Dryers play a vital role in the plastic recycling process as the solid remains can be easily recycled post removal of moisture/oil. Centrifugal dryer is a preferred choice in the recycling industry due to its capability to provide uniform drying for lightweight plastic solids. The growth of the plastic recycling industry in the world is projected to significantly boost revenue growth of centrifugal dryers.
Read more: Centrifugal Industrial Dryer Market Poised to Reach a Valuation of US$ 264.8 Mn by 2025
