Vacuum Belt Dryer Market Size, Share, Analysis, Trends, Growth, 2032

Vacuum Belt Dryer Market

Vacuum Belt Dryer Market By Type (Continuous Vacuum Belt Dryer and Batch Vacuum Belt Dryer), By Application (Chemical Industry, Food Industry, Pharmaceutical Industry, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032

Category: Heavy Industry Report Format : PDF Pages: 211 Report Code: ZMR-8476 Published Date: Jul-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 921.45 Million USD 1,276.74 Million 3.69% 2023

Vacuum Belt Dryer Industry Prospective:

The global vacuum belt dryer market size was worth around USD 921.45 million in 2023 and is predicted to grow to around USD 1,276.74 million by 2032 with a compound annual growth rate (CAGR) of roughly 3.69% between 2024 and 2032.

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Vacuum Belt Dryer Market: Overview

One sort of industrial drying equipment used to dehydrate items is a vacuum belt drier. It is especially useful for sensitive goods including food products, medicines, and chemical compounds. A vacuum belt dryer's primary characteristic is its ability to operate at low pressure, or vacuum, which reduces the liquids' boiling point in the materials it is drying. This keeps heat-sensitive materials' quality and integrity intact by enabling drying to happen at lower temperatures. The vacuum belt dryer industry is being driven by several variables such as rising demand for high-quality food products, rise in the pharmaceutical industry, expanding applications in chemical & biotechnology industries, and increasing product launches.

Key Insights

  • As per the analysis shared by our research analyst, the global vacuum belt dryer market is estimated to grow annually at a CAGR of around 3.69% over the forecast period (2024-2032).
  • In terms of revenue, the global vacuum belt dryer market size was valued at around USD 921.45 million in 2023 and is projected to reach USD 1,276.74 million, by 2032.
  • Rising demand from the pharmaceutical industry is expected to drive the global vacuum belt dryer market growth over the forecast period.
  • Based on the type, the continuous vacuum belt dryer segment is expected to dominate the market over the forecast period.
  • Based on the application, the pharmaceutical industry segment is expected to capture a significant market share over the projected period.
  • Based on region, North America is expected to dominate the market during the forecast period.

Vacuum Belt Dryer Market: Growth Drivers

Growth in the pharmaceutical sector drives market growth

The growing pharmaceutical sector is expected to drive the vacuum belt dryer market over the forecast period. Many APIs can deteriorate at high temperatures because they are heat-sensitive. Lower operating temperatures are maintained for API stability and effectiveness using vacuum belt dryers. For APIs to maintain proper dose and stability, precise moisture management is crucial. By providing uniform and constant drying, vacuum belt dryers help to achieve the required moisture content. Additionally, vacuum belt dryers are adaptable to a range of production requirements, from large-scale commercial production to small-scale research and development. To improve flexibility, the drying parameters (temperature, belt speed, vacuum level) can be altered to meet the needs of a particular product. Therefore, with the growing pharmaceutical sector, the demand for vacuum belt dryers is anticipated to rise.

Vacuum Belt Dryer Market: Restraints

The high cost of vacuum belt dryers hinders market growth

Due to its complexity and superior technology, vacuum belt dryers are far more expensive than other drying equipment. Small and medium-sized businesses (SMEs) and startups may find this large initial cost to be a deterrent. Installation might be expensive and need specific infrastructure and knowledge in addition to the equipment's purchase price. Furthermore, consistent maintenance is necessary to guarantee the equipment's longevity and best performance. The cost of operations can be increased by replacing parts, calibrating equipment, and performing routine inspections. While some features of vacuum belt dryers' energy efficiency may be higher, maintaining a vacuum and precise temperature control can still result in significant energy use. Thus, the aforementioned statements are expected to hamper the vacuum belt dryer industry growth during the forecast period.

Vacuum Belt Dryer Market: Opportunities

Increasing investment offers a lucrative opportunity for market growth

The increasing investment in the vacuum belt dryer industry is expected to offer a lucrative opportunity for market expansion during the forecast period. For instance, the company Malt Products Corporation (MPC), which produces malted barley extract and other healthy, natural sweeteners, has invested more than $15 million in a brand-new, cutting-edge drying facility that includes a vacuum belt dryer that was created by Bucher Unipektin, a specialist in drying technology. At the company's production site in Dayton, OH, the 58-foot-long machine is currently in operation after installation and validation were finished. The greater ability of the vacuum belt dryer to produce free-flowing particles of viscous sugar syrups while retaining flavor, aroma, and color led MPC to select it over a spray dryer. Vacuum belt drying removes moisture from products at much lower temperatures since it works by lowering the pressure inside its chamber. By doing this, oxidation is removed and the original syrup's vital components are shielded from harm.

Vacuum Belt Dryer Market: Challenges

Technological complexity poses a major challenge to market expansion

Vacuum belt dryers require complex control systems and procedures to operate, which might be difficult to handle without the right knowledge. Furthermore, the process of adding vacuum belt dryers into already-existing production lines can be difficult and expensive, requiring major adjustments. Thus, technological complexity poses a major challenge to the vacuum belt dryer market growth over the projected period.

Vacuum Belt Dryer Market: Segmentation

The global vacuum belt dryer industry is segmented based on type, application, and region.

Based on the type, the global vacuum belt dryer market is bifurcated into continuous vacuum belt dryers and batch vacuum belt dryers. The continuous vacuum belt dryer segment is expected to dominate the market over the forecast period. The segment expansion is attributed to its favorable properties. Continuous vacuum belt dryers, in contrast to batch dryers, run continuously and produce a consistent output of dried goods, making them perfect for large-scale industrial applications. Consistent operation guarantees homogeneous drying conditions, resulting in a consistently high-quality output. Furthermore, the technology enables accurate temperature control during drying, allowing for low-temperature drying that is kind to delicate commodities like food and medicine. On the other hand, the batch vacuum belt dryer segment is anticipated to hold a significant revenue share during the forecast period. Batch vacuum belt dryers can process a wide range of products in various batch sizes, meeting the various requirements of specialized markets and small-scale companies. These features propel the growth of the market.

Based on the application, the global vacuum belt dryer industry is bifurcated into the chemical industry, food industry, pharmaceutical industry, and others. The pharmaceutical industry segment is expected to capture a significant market share over the projected period. The segment expansion is attributed to the growing pharmaceutical production as the geriatric population and prevalence of chronic disease rise. In addition, for the development and testing of novel medications, high expenditure in pharmaceutical research and development requires enhanced drying technologies. Thereby, driving the market growth.

Vacuum Belt Dryer Market: Report Scope

Report Attributes Report Details
Report Name Vacuum Belt Dryer Market
Market Size in 2023 USD 921.45 Million
Market Forecast in 2032 USD 1,276.74 Million
Growth Rate CAGR of 3.69%
Number of Pages 211
Key Companies Covered SHINVA, Sefar, Pilotech, DEVEX, Hegatec Engineering, Food and Biotech, Autopack Packaging Machinery, Changzhou Changjiang Drying Equipment, Bucher Merk, Cemsan, Wuxi Haichang Machinery, Ruian Global Machinery, and others.
Segments Covered By Type, By Application, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Vacuum Belt Dryer Market: Regional Analysis

North America is expected to dominate the market during the forecast period

North America is expected to capture the largest vacuum belt dryer market share over the forecast period. The market growth in the region is attributed to the developed pharmaceutical sector. Due to the high prevalence of chronic disease and the rise in geriatric population in the region. For instance, according to the estimates given by the American Hospital Association, more and more Americans are dealing with chronic illnesses, which are chronic and typically incurable. Nearly half of all Americans, or 133 million people, are thought to be afflicted with at least one chronic ailment today, including arthritis, heart disease, and hypertension.

That number is projected to rise to 170 million by 2030, which is 15 million more than it was just ten years ago. Furthermore, the regional companies’ product innovation for several industries favor the market growth. For instance, in November 2023, the vDryer vacuum dryer was introduced by Volkmann USA, Bristol, PA, a manufacturer of pneumatic vacuum conveying equipment. The innovative vDryer automatically returns metal powders that have collected ambient moisture during storage or transit to the moisture content value needed for the build process. It was designed to encourage consistent, high-quality metal part manufacture. With the use of electric vacuum pump technology, the vDryer creates the suction required to swiftly remove substantial amounts of moisture without heating the delicate material. During printing, successive powder layers are applied smoothly and uniformly, improving the quality of the powder.

Vacuum Belt Dryer Market: Competitive Analysis

The global vacuum belt dryer market is dominated by players like:

  • SHINVA
  • Sefar
  • Pilotech
  • DEVEX
  • Hegatec Engineering
  • Food and Biotech
  • Autopack Packaging Machinery
  • Changzhou Changjiang Drying Equipment
  • Bucher Merk
  • Cemsan
  • Wuxi Haichang Machinery
  • Ruian Global Machinery

The global vacuum belt dryer market is segmented as follows:

By Type

  • Continuous Vacuum Belt Dryer
  • Batch Vacuum Belt Dryer

By Application

  • Chemical Industry
  • Food Industry
  • Pharmaceutical Industry
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

One sort of industrial drying equipment used to dehydrate items is a vacuum belt drier. It is especially useful for sensitive goods including food products, medicines, and chemical compounds. A vacuum belt dryer's primary characteristic is its ability to operate at low pressure, or vacuum, which reduces the liquids' boiling point in the materials it is drying. This keeps heat-sensitive materials' quality and integrity intact by enabling drying to happen at lower temperatures.

The vacuum belt dryer industry is being driven by several variables such as rising demand for high-quality food products, rise in the pharmaceutical industry, expanding applications in chemical and biotechnology industries, and increasing product launches.

According to the report, the global vacuum belt dryer market size was worth around USD 921.45 million in 2023 and is predicted to grow to around USD 1,276.74 million by 2032.

The global vacuum belt dryer market is expected to grow at a CAGR of 3.69% during the forecast period.

The global vacuum belt dryer market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the growing pharmaceutical industry.

The global vacuum belt dryer market is dominated by players like SHINVA, Sefar, Pilotech, DEVEX, Hegatec Engineering, Food and Biotech, Autopack Packaging Machinery, Changzhou Changjiang Drying Equipment, Bucher Merk, Cemsan, Wuxi Haichang Machinery and Ruian Global Machinery among others.

The vacuum belt dryer market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.

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