Coating Dryer Market Trends and Forecast
The future of the global coating dryer market looks promising with opportunities in the paint and coating and construction markets. The global coating dryer market is expected to reach an estimated $9 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are growing demand from various industries, such as automotive, aerospace, and electronics for efficient drying solutions in coating processes and increasing need for dryers that can handle a variety of coatings, substrates, and production volumes.
• Lucintel forecasts that liquid driers is expected to witness higher growth over the forecast period.
• Within this market, paint and coating is expected to witness higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Coating Dryer Market
• United States: Gardner Denver announced the launch of energy-efficient coating dryers, focusing on reducing carbon footprint. Initiatives include investing in IoT-enabled systems for remote monitoring and efficiency optimization. Targets involve capturing a larger share of the North American market and supporting sustainability goals in manufacturing sectors.
• Germany: Dürr AG expanded its portfolio with advanced drying solutions for automotive coatings, emphasizing high throughput and quality. Initiatives include integrating smart manufacturing technologies and enhancing digital twin capabilities. Targets involve serving the European automakers and achieving industry-leading efficiency standards.
• China: Yaskawa Electric Corporation introduced robotic dryers for electronics manufacturing, enhancing precision and reducing cycle times. Initiatives include localization of production and partnerships with local manufacturers. Targets involve becoming a preferred supplier in Asia-Pacific and supporting ChinaÄX%$%Xs electronics industry growth with innovative drying technologies.
• India: Bühler Group launched eco-friendly drying systems for food packaging coatings, focusing on energy efficiency and food safety compliance. Initiatives include expanding service networks and offering customized solutions for local packaging companies. Targets involve increasing market share in South Asia and supporting IndiaÄX%$%Xs food processing sector with sustainable drying solutions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Coating Dryer Market by Segment
The study includes a forecast for the global coating dryer market by type, application, and region.
Coating Dryer Market by Type [Value from 2018 to 2030]:
• Liquid Driers
• Oil Driers
Coating Dryer Market by Application [Value from 2018 to 2030]:
• Paint and Coating
• Construction
• Others
Coating Dryer Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Coating Dryer Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies coating dryer companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the coating dryer companies profiled in this report include-
• Pai Tai
• Matrix Universal
• Maldeep Catalysts
• Comar Chemicals
• Optichem
• Bech Chem
• Organometal
Recent Development in the Coating Dryer Market
• Gardner Denver introduced a new series of energy-efficient coating dryers equipped with IoT-enabled controls for real-time monitoring and optimization of drying processes.
• Dürr AG developed advanced robotic dryers for automotive coatings, integrating smart manufacturing technologies to enhance throughput and quality while reducing cycle times.
• Yaskawa Electric Corporation launched robotic dryers tailored for electronics manufacturing, focusing on precision and reliability to meet stringent industry standards and improve production efficiency.
• Bühler Group unveiled eco-friendly drying systems for food packaging coatings, emphasizing energy efficiency and compliance with food safety regulations to support sustainable food processing practices.
• Voith Group innovated drying technologies for paper and pulp coatings, enhancing product quality and sustainability by optimizing drying processes and collaborating with industry leaders to reduce environmental impact.
Features of the Global Coating Dryer Market
Market Size Estimates: Coating dryer market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Coating dryer market size by type, application, and region in terms of value ($B).
Regional Analysis: Coating dryer market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the coating dryer market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the coating dryer market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the coating dryer market size?
Answer: The global coating dryer market is expected to reach an estimated $9 billion by 2030.
Q2. What is the growth forecast for coating dryer market?
Answer: The global coating dryer market is expected to grow with a CAGR of 6.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the coating dryer market?
Answer: The major drivers for this market are growing demand from various industries, such as automotive, aerospace, and electronics for efficient drying solutions in coating processes and increasing need for dryers that can handle a variety of coatings, substrates, and production volumes.
Q4. What are the major segments for coating dryer market?
Answer: The future of the coating dryer market looks promising with opportunities in the paint and coating and construction markets.
Q5. Who are the key coating dryer market companies?
Answer: Some of the key coating dryer companies are as follows:
• Pai Tai
• Matrix Universal
• Maldeep Catalysts
• Comar Chemicals
• Optichem
• Bech Chem
• Organometal
Q6. Which coating dryer market segment will be the largest in future?
Answer: Lucintel forecasts that liquid driers is expected to witness higher growth over the forecast period.
Q7. In coating dryer market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the coating dryer market by type (liquid driers and oil driers), application (paint and coating, construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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