South Korea Industrial Dryer Market report comprehensively covers the market by-products, by types, and by applications. The report provides an unbiased and detailed analysis of the ongoing trends, opportunities, forecast high growth areas, market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
South Korea Industrial Dryer Market Synopsis
South Korea Industrial dryer market is anticipated to grow substantially in the forthcoming years owing to the presence of a robust industrial sector in South Korea combined with rapidly growing agricultural imports for food processing industries which have increased the number of food processing companies across the country. Additionally, the majority of the demand for industrial dryer could be witnessed in industrial domains from pharmaceuticals and food industries in the recent past. However, the outbreak of the COVID-19 pandemic has negatively impacted the market during the year 2020 as a result of a halt in the business operations of manufacturing units and the stringent lockdown imposed across the country. Nevertheless, recovery is expected in market revenues post-2020, with a gradual opening of economic activities, restart of the industrial and manufacturing sectors.
According to the publisher, South Korea Industrial Dryer Market size is projected to grow at CAGR of 4.8% during 2021-27. South Korea industrial dryer market witnessed a notable decline during the year 2020 owing to halt in operations of several industries which includes food processing, fertilizers, chemicals, cement and more combined with restriction on movement of people due to imposition of lockdown by South Korean government on spread of COVID-19 across country. However, owing to government launched five-year plan i.e., Bio-tech plan (2019-2024), the pharmaceutical sector would witness substantial growth in the forthcoming years which in turn, would propel the installation of fluidized bed industrial dryer in new areas.
Market Analysis by Type
Direct dryer would witness considerable growth in South Korea industrial dryer market during the forecast period owing to its benefits such as high heat transfer efficiency, low cost of manufacturing coupled with efficient fuel consumption pattern for industries which includes agriculture and mining in comparison to their other counter parts such as indirect and speciality dryer. Additionally, direct dryer are more suitable for industries such as pharmaceutical and paper & pulp that requires their raw material to be in direct contact with the drying air to demoisturized or extract the water completely from the material. Furthermore, the indirect dryer are ideal options for niche applications which includes processing food grade materials, combustible materials, and very fine chemicals like pigments as these aforementioned dryer provides an opportunity to create an inactive processing environment along with preventing the risk of entrainment when working with fine materials. Hence, these mentioned dryer become more suitable for food and chemical industries across South Korea in the upcoming year.
Market Analysis by Sectors
On the basis of applications, cement industry would observe notable growth in the overall market revenues in 2020 on account of increasing number of construction projects under residential sector such as Songdo Ijin Bay City Tower 1, Marina G7 Building A and commercial & hospitality domain namely Hyundai Convention hotel and Hyundai global business center which in turn, would propel the demand for cement across cities of South Korea and augment the installation of rotary dryer in cement manufacturing plant across country.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- South Korea Industrial Dryer Market Overview
- South Korea Industrial Dryer Market Outlook
- South Korea Industrial Dryer Market Forecast
- Historical Data and Forecast of South Korea Industrial Dryer Market Revenues and Volumes, By-Products and Applications for the Period 2017-2027F
- Market Drivers
- Market Restraints
- South Korea Industrial dryer Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- South Korea Industrial dryer Market Share, By Company
- Market Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Product
- Direct Dryer
- Indirect Dryer
- Specialty Dryer
By Types
- Rotary Dryer
- Drum Dryer
- Fluidized Bed Dryer
- Spray Dryer
- Flash Dryer
- Conveyor Dryer
By Application
- Pharmaceutical Sector
- Food Sector
- Cement Sector
- Fertilizer Sector
- Chemical Sector
- Others (Electronics, Paper & Pulp, Ceramic, Automotive, etc.)
Table of Contents
1. Executive Summary
Companies Mentioned
- Metso Outotec corporation
- Thyssenkrupp AG
- FEECO International, Inc
- Andritz AG
- Changzhou Fanqun Drying Equipment Co. Ltd.
- Bühler Holding AG
- Wuxi Modern Spray Drying Equipment Co.,Ltd
- Shizuoka Hansung Co. Ltd
- DAEGA POWDER SYSTEMS CO LTD
- Jangwoo Machinery Co.Ltd
