Tray Dryers Market

Tray drying is utilized to dry materials which are in wet cake or liquid form. The materials placed in trays are loaded into the overhead ovens for drying purpose. The tray dryer works efficiently for material requiring more gentle processing and cannot be atomized in stream.

Market Scope and Structure Analysis

Diverse models of tray dryers are getting used with increase in application of tray dryers in chemicals, powders, pharmaceuticals, granule & plastic granules areas. The scope of tray dryers is advancing because of their huge applications and thereby driving the demand for tray dryer market growth. In addition to this, food processing is amongst a leading industry using tray dryers. For drying spices, chilies, onions, fish, potato chips, grapes, garlic, confectionery, and many more food items in food processing units, the scope of tray dryers is anticipated to increase and thus is anticipated to surge the deployment of advanced products for connecting pipes. This in turn is projected to boost the growth of the tray dryers market.

However, proper expertise is required to install, operate and maintain the tray dryers to avoid dehydration of some materials, which involves extra cost. This factor is projected to limit the growth of the market.

COVID-19 Impact analysis

• COVID-19 pandemic has shut down the production of various products in the tray dryers market attributed to the lockdown in countries worldwide. This has hampered the growth of tray dryers market from the last few months and is likely to continue during 2021.
• COVID-19 has already affected the sales of tray dryers market in the first quarter of 2021 and is anticipated to cause a negative impact on the market growth throughout the year.
• The major demand for tray dryers was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand for tray dryers products.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Tray dryers market manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis
• Tray dryers market are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.

Top Impacting Factors

The global tray dryers market is expected to witness high growth during the forecast period. The reports cover key developments in the tray dryers market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from tray dryers market are anticipated to lucrative growth opportunities in the future with the rising demand for tray dryers in the global market.

Market Trends

• A product development strategy is a strategy based on developing new products or modifying existing products so they appear new, and offering those products to current or new markets. For instance, the TURBO-DRYER manufactured by Wyssmont Company, Inc., consists of a stack of slowly rotating circular trays. Material is fed onto the top tray. After one revolution the material is wiped onto the next lower tray where it is mixed, leveled, and then after one revolution, is wiped to the next tray where the operation is repeated. So this advanced tray dryer makes it comfortable for the users in application.
• Investments from the pharmaceutical companies are also positively affecting the tray dryer market to a great extent. For instance, Global private equity (PE) investors are in a rush to bet on Indian firms that are in the thriving business of manufacturing active pharmaceutical ingredients (API), vaccine-related manufacturing, and producing bulk pharmaceutical chemicals. After investing approximately $1.5 Billion in such companies since the coronavirus outbreak, this financial year global private PE are ready to invest $3-4 Billion to invest in the intermediate firms.
• Moreover, customization is also a widely used strategy for diversifying and expanding the business. For instance, UR Biocoction Pvt. Ltd., an India based company customizes tray dryers for the customers.

Key Benefits of the Report

• This study presents the analytical depiction of the tray dryer market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the tray dryer market share.
• The current market is quantitatively analysed to highlight the tray dryer market industry growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed tray dryer market analysis based on competitive intensity and how the competition will take shape in coming years.

 Tray Dryers Market Report Highlights