Europe Thermal Dryer Market

Europe Thermal Dryer Market Outlook (2023 to 2033)

The Europe thermal dryer market is anticipated to project a valuation of US$ 298 million in 2023 and further expand at a CAGR of 3.3% to reach US$ 412 million by the end of 2033.

Due to stringent government legislations across European countries to treat waste water and extract recyclable materials from the same, thermal dryers are experiencing an increase in demand across the mature European market. To facilitate routine waste water management at the unit level, new thermal dryers have been introduced, such as the thermal-radiation single-drum roll dryer. There is also continuous R&D to create improved thermal dryers.

Report Attributes	Details
Market Size (2022A)	US$ 286 Million
Estimated Market Value (2023E)	US$ 298 Million
Forecasted Market Value (2033F)	US$ 412 Million
Europe Market Growth Rate (2023 to 2033)	3.3% CAGR
Germany Market Share (2022)	~ 26%
United Kingdom Market Growth Rate (2023 to 2033)	~ 2.1% CAGR
Market Share of Top 5 Companies	~ 19.2%
Key Companies Profiled	Dutch Dryers BV; Alprime; Huber SE; Bachiller; INNOTECH Ingenieursgesellschaft mbH; ANDRITZ SEPARATION; The Witte Company; Santex Rimar Group; Bühler Group; ASI, Division of Thermal Technologies Inc.; Thyssenkrupp; GEA Group AG

Sales Analysis of Thermal Dryer (2018 to 2022) Vs. Market Forecast Outlook (2023 to 2033)

Industrial dryers also called the thermal dryers are used to dry various materials by applying the heat required for evaporation and removing moisture. The quality and longevity of the finished product are enhanced by these dryers'. Research and development (R&D) in industrial drying has significantly increased over the past few years in order to keep up with the changing product types that need to be dried. All of these factors have contributed to the target market's good growth trajectory over time.

Hence, the thermal dryer market has observed a tremendous growth during the historical period holding a compound annual growth rate of 3%.

The market for thermal dryers is expected to expand as a result of expansion in the waste-to-energy and plastic recycling industries in the region. In waste-to-energy industry, thermal dryers are becoming more and more popular as a great way to significantly reduce the amount of sludge generated by a wastewater treatment facility. The material that is produced after drying has a wide range of applications. Such elements are likely to alter the trajectory of thermal dryer sales in the years to come. The target market is also benefiting from the rising investments, expanding investments, and significant increase in Greenfield projects.

Fact.MR suggests that the Europe market will depicting an overall CAGR of 3.3% over 2023 to 2033.

• Short Term (2023 to 2026): Rapid growth of industrial processing verticals to propel demand for thermal dryers.
• Medium Term (2026 to 2029): Diversifying industrial applications of thermal dryers to drive the market’s growth during the projection period.
• Long Term (2029 to 2033): The market will grow as a result of increasing government measures to cut waste and promote recycling among the general public.

Over the 2018 to 2022 historical period, the Europe thermal dryer market registered a CAGR of 3%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 3.3% CAGR between 2023 and 2033.

Market share analysis of thermal dryer based on operation and country is provided in a nutshell in the above image. Under the operation segment, the semi-automated sub-segment is estimated to reach a market share of 44% in 2023.

What’s Driving the Demand for Thermal Dryers?

“Versatile Applications in Various End Use Industries Is Projected to Drive the Market’’

It is anticipated that the use of thermal dryers in number of industries, including the paper, waste water treatment, and chemical industries, will have a favorable impact on its demand in the upcoming years. Additionally, it is anticipated that thermal dryers would be crucial in dehydrating solutions all over the world.

Furthermore, the target product's adaptability in the processing sector will enhance manufacturing environment safety and quality control. This factor is expected to result owing to an increase in the use of various thermal dryers in linked industries. In the upcoming years, a sizeable percentage of the market for the target product is expected to originate from its usage in the sorting and processing of municipal waste.

“Growth in the Industrialization to Uplift the Product Demand”

There is a tremendous growth in the chemical and pharmaceutical industries across the globe and European nations are no different. The growth of industrialization is the main force behind the significant demand for target product in the chemical, pharmaceutical, and paper production industries. A growing number of operations, including granulating, drying, coating, heating, mixing, and filtration, are carried out using such machines which is favorably impacting the market growth.

Additionally, the leading players' technological improvements in the target product will also contribute to the market's expansion in the near future.

What Do Thermal Dryer Manufacturers Need to Watch Out for?

“Stringent Environmental and Safety Regulations on Industrial Dryers: A Major Hurdle”

The main factors limiting the growth of the target market are the uncertain market and economic conditions, as well as strict environmental and safety laws. Also, the high cost of dryers and need of frequent maintenance are some other factor affecting the market growth.

Industrial dryer has the potential to emit dangerous air pollutants such undesired and harmful gases and particles which negatively impacts the target market as well. Furthermore, not focusing on new technological developments by the manufacturers in major developing countries could also affect the market growth during the forecast period.

Country-wise Insights

What are the factors driving the market’s growth across Germany?

Germany has the highest rate of waste water recycling and reprocessing in all of Europe. Over 96% of waste water from private residences or public spaces is dumped into sewage treatment facilities nearby for processing. In order to process solid waste at municipal WWTPs and get dry material that may be used for a number of tasks, thermal dyers are placed in various treatment plants.

Additionally, by enforcing a number of rules, particularly in the industrial processing sector, the government of the nation is placing more and more emphasis on reducing the nation's greenhouse gas emissions. The target market is seeing success in the nation as a result of all these variables.

Why is the UK thermal dryer market expected to be highly lucrative?

The market offers significant growth potential in the UK. The UK's industrial processing industry is growing quickly as a result of rising chemical and pharmaceutical output and exports, which is helping the market expand. In addition, the country's need for thermal dryers is being driven by the rising use of high-performance industrial machinery to satisfy the rising demand for drying requirements, particularly for powdered goods.

The rise of the food processing, chemical, paper, and petrochemical sectors, as well as other businesses related to urbanization and industrialization, can be attributed to the country's rising demand for the target product market.

Category-wise Insights

Why is the demand for semi-automatic thermal dryer rising?

Pharmaceutical formulations and raw ingredients are dried at low temperatures under vacuum to prevent overheating reactions and maintain good product quality. Additionally, there is no material dust, negating any losses of expensive goods. Such benefits are assured by semi-automatic thermal dryer. There is very little wear and tear because of the low speed agitation and great dynamic stability, which results in cheap maintenance costs.

Additionally, these operating machines are less expensive in terms of cost than fully automatic ones and can be stopped and started at any point during the cycle. Semi-automatic machines can be stopped and started at any point in the process, allowing for energy savings or worry about power outages. Fully-automatic machines, however, will consume more energy over time. All of these elements play a role in the sub-larger segment's share.

How does plastic production and processing segment growth spur the market’s outlook?

The market has seen an increase in demand for plastic processing technologies as a result of the increased need for plastics. As a result, the plastic production and processing sector is expanding, which ultimately helps the target market grow as well.

Humankind has long employed plastics in a variety of fields, including packaging, building, vehicles, and other fields. The demand for the target product is increasing as a result of the size of the global market for plastics, which is made up of a variety of types including polyethylene, polyvinyl chloride, polypropylene, and polystyrene. This is because this industry uses thermal dryers to process raw materials with moisture content which helps to strengthen the product quality and appearance.

Competitive Landscape

Eminent market players in the thermal dryer market include Dutch Dryers BV, Alprime, Huber SE, Bachiller, INNOTECH Ingenieursgesellschaft mbH, ANDRITZ SEPARATION, The Witte Company, Santex Rimar Group, Bühler Group, ASI, Division of Thermal Technologies Inc., Thyssenkrupp, GEA Group AG.

In order to establish their position in the industry, the market participants are using both organic and inorganic growth tactics. The number of consolidations in the thermal dryer manufacturing industry has increased during the last five years. This is mainly attributable to efforts made by businesses to accommodate the growing demand for thermal dryers. Many businesses are also concentrating on organic growth tactics, including product launches, product approval, and many more. Acquisition, partnership, and collaboration are examples of inorganic growth strategies used by major players in the market. The aforementioned actions are opening doors for market players to expand their clientele and operations.

• In Sep 2021, By acquiring AEP, a compressor distributor and service provider with headquarters in Paris, Atlas Copco expanded its market presence in France. This would boost the business's visibility and ensure steady demand.

Fact.MR has provided detailed information about the price points of key manufacturers of thermal dryer positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Thermal Dryer Industry Research

• By Operation :

  • Automatic
  • Semi-Automatic
  • Manual

• By Use Case :

  • WTE Plans
  • Plastic Production and Processing
  • Plastic Recycling
  • Resin Processing

• By Country :

  • Germany
  • France
  • UK
  • BENELUX
  • Nordics
  • Italy
  • Spain
  • Rest of Europe