South Korea Industrial Dryer Market (2021-27) | Value, Growth, Size, Trends, Revenue, Forecast, Industry, Companies, Analysis, Outlook, Share & COVID-19 IMPACT
Market Forecast By Product (Direct Dryers, Indirect Dryers, Specialty Dryers), By Type (Rotary Dryers, Fluidized Bed Dryers, Spray Dryers, Flash Dryers, Conveyor Dryers, Drum Dryers, Freeze Dryers), By Applications (Food, Pharmaceutical, Fertilizer, Chemicals, Cement, Others) And Competitive Landscape
| Product Code: ETC060877 | Publication Date: Jul 2021 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 20 | No. of Tables: 4 |
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 6Wresearch, 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.)
Other Key Reports Available:
- Japan Industrial Dryer Market (2021-27)
- India Industrial Dryer Market (2021-27)
- China Industrial Dryer Market (2021-27)
- Australia Industrial Dryer Market (2021-27)
South Korea Industrial Dryer Market: FAQs
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
The South Korea Industrial Dryer Market revenue is anticipated to record a CAGR of 4.8% during 2021-27.
Direct dryer’ segment has dominated the market revenues led by the growing demand of the product in cold storage industry.
Cement industry would record key growth throughout the forecast period 2021-27.
The key players of the market include- 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
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1. Executive Summary |
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2. Introduction |
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2.1. Report Description |
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2.2. Key Highlights of the Report |
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2.3. Market Scope & Segmentation |
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2.4. Research Methodology |
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2.5. Robust Forecasting Model |
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2.6. Assumptions |
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3. South Korea Industrial Dryer Market Overview |
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3.1. South Korea Industrial Dryer Market Revenues, 2017-2027F |
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3.2. South Korea Industrial Dryer Market Industry Life Cycle |
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3.3. South Korea Industrial Dryer Market Porter’s Five Forces |
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4. South Korea Industrial Dryer Market Dynamics |
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4.1. Impact Analysis |
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4.2. Market Drivers |
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4.3. Market Restraints |
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5. South Korea Industrial Dryer Market Trends |
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6. South Korea Industrial Dryer Market Overview, By-Products |
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6.1. South Korea Industrial Dryer Market Revenues and Volume Share, By-Products, 2020 & 2027F |
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6.2. South Korea Industrial Dryer Market Revenues, By-Products, 2017 - 2027F |
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6.2.1. South Korea Industrial Direct Dryer Market Revenues, 2017 - 2027F |
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6.2.2. South Korea Industrial Indirect Dryer Market Revenues, 2017 - 2027F |
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6.2.3. South Korea Industrial Specialty Dryer Market Revenues, 2017 - 2027F |
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6.3. South Korea Industrial Dryer Volume, By-Products, 2017 - 2027F |
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6.3.1. South Korea Industrial Direct Dryer Volume, 2017 - 2027F |
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6.3.2. South Korea Industrial Indirect Dryer Volume, 2017 - 2027F |
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6.3.3. South Korea Industrial Specialty Dryer Volume, 2017 - 2027F |
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7. South Korea Industrial Dryer Market Overview, By Types |
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7.1. South Korea Industrial Dryer Market Revenues Share, By Types, 2020 & 2027F |
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7.2. South Korea Industrial Dryer Market Revenues, By Types, 2017 - 2027F |
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7.2.1. South Korea Industrial Rotary Dryer Market Revenues, 2017 - 2027F |
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7.2.2. South Korea Industrial Drum Dryer Market Revenues, 2017 - 2027F |
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7.2.3. South Korea Industrial Fluidized Bed Dryer Market Revenues, 2017 - 2027F |
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7.2.4. South Korea Industrial Flash Dryer Market Revenues, 2017 - 2027F |
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7.2.5. South Korea Industrial Spray Dryer Market Revenues, 2017 - 2027F |
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7.2.6. South Korea Industrial Conveyor Dryer Market Revenues, 2017 - 2027F |
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8. South Korea Industrial Dryer Market Overview, By Applications |
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8.1. South Korea Industrial Dryer Market Revenues Share, By Applications, 2017 & 2027F |
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8.2. South Korea Industrial Dryer Market Revenues, By Applications, 2017 - 2027F |
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8.2.1. South Korea Pharmaceutical Industrial Dryers Market Revenues, 2017 - 2027F |
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8.2.2. South Korea Chemical Industrial Dryers Market Revenues, 2017 - 2027F |
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8.2.3. South Korea Fertilizers Industrial Dryers Market Revenues, 2017 - 2027F |
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8.2.4. South Korea Cement Industrial Dryers Market Revenues, 2017 - 2027F |
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8.2.5. South Korea Food Processing Industrial Dryers Market Revenues, 2017 - 2027F |
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8.2.6. South Korea Other Industrial Dryers Market Revenues, 2017 - 2027F |
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9. South Korea Industrial Dryer Market Import – Export Trade Statistics |
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10. South Korea Industrial Dryer Market – Key Performance Indicators |
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11. South Korea Industrial Dryer Market Opportunity Assessment |
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11.1. South Korea Industrial Dryer Market Opportunity Assessment, By-Products, 2027F |
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11.2. South Korea Industrial Dryer Market Opportunity Assessment, By Types, 2027F |
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11.3. South Korea Industrial Dryer Market Opportunity Assessment, By Applications, 2027F |
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12. South Korea Industrial Dryer Market Competitive Landscape |
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12.1. South Korea Industrial Dryer Market Revenue Shares, By Companies, 2020 |
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12.2. South Korea Industrial Dryer Market Competitive Benchmarking, By Operating Parameters |
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13. Company Profiles |
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13.1. Metso Outotec corporation |
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13.2. Thyssenkrupp AG |
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13.3. FEECO International, Inc |
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13.4. Andritz AG |
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13.5. Changzhou Fanqun Drying Equipment Co. Ltd. |
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13.6. Bühler Holding AG |
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13.7. Wuxi Modern Spray Drying Equipment Co.,Ltd |
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13.8. Shizuoka Hansung Co. Ltd |
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13.9. DAEGA POWDER SYSTEMS CO LTD |
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13.10. Jangwoo Machinery Co.Ltd |
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14. Key Strategic Recommendations |
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15. Disclaimer |
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List of Figures |
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1. South Korea Industrial Dryers Market Revenues, 2017-2027F ($ Million, Thousand Units) |
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2. Number of Food Processing Companies in South Korea, 2018-2019 |
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3. Annual Sales of Korean Food Processing Industry, 2016-2019 ($Billion)* |
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4. Annual Sales of Korean Home Meal Replacement Market, 2018-2022F ($Billion) |
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5. South Korea Pharmaceutical Production & Market Size, 2015-2019 ($Billion) |
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6. Number of Pharmaceutical Companies in South Korea, 2018-2019 |
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7. South Korea Industrial Dryer Market Revenue Share, By Product, 2020 & 2027F |
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8. South Korea Industrial Dryer Market Volume Share, By Product, 2020 & 2027F |
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9. South Korea Industrial Dryer Market Revenue Share, By Type, 2020 & 2027F |
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10. South Korea Industrial Dryer Market Revenue Share, By Application, 2020 & 2027F |
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11: Dryers value Exported from South Korea, By HS Code 841931, 2019-2020 ($) |
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12: Quantity of Dryers Exported from South Korea, By HS Code 841931, 2019-2020 (Tons) |
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13. Dryers value imported to South Korea, By HS Code 841931 & 841932, 2016-2018 ($) |
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14. Quantity of Dyers imported to South Korea, By HS Code 841931 & 841932, 2016-2018 (Tons) |
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15. Monthly Production and Consumption of Cement In South Korea, 2019 (Million Tons) |
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16. Total Production of Pulp for Paper in South Korea, 2017-2019 (Thousand Tonnes) |
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17. South Korea Exports of Paper & Paperboard and Article of Pulp, Paper & Board, 2017-2019 ($ Billion) |
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18. Top Producers of Thermal Paper, By Countries, 2020 |
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19. South Korea Industrial Dryer Market Opportunity Assessment, By-Products, 2027F |
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20. South Korea Industrial Dryer Market Opportunity Assessment, By Types, 2027F |
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21. South Korea Industrial Dryer Market Opportunity Assessment, By Applications, 2027F |
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22. South Korea Industrial Dryer Market Revenue Ranking, By Companies, 2020 |
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List of Tables |
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1 South Korea Industrial Dryer Market Revenues, By Product, 2017-2027F ($ Million) |
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2 South Korea Industrial Dryer Market Volume, By Product, 2017-2027F (Units) |
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3 South Korea Industrial Dryer Market Revenues, By Types, 2017-2027F ($ Million) |
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4 South Korea Industrial Dryer Market Revenues, By Applications, 2017-2027F ($ Million) |
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