The global industrial dryers market was valued at USD 4.00 billion in 2015 and is projected to reach USD 6.37 billion by 2026, at a CAGR of 4.3% from 2016 to 2026. This growth can be attributed to the increasing demand for industrial dryers from the end-use industries such as food, pharmaceutical, chemicals, fertilizer, cement, minerals, and paper & pulp. ThyssenKrupp AG (Germany), Andritz AG (Austria), GEA Group (Germany), Metso Corporation (Finland), FLSmidth & Co. A/S (Denmark), Buhler Holding AG (Switzerland), ANIVI Ingeniería SA (Spain), Carrier Vibrating Equipment, Inc. (U.S.), COMESSA (France), and Mitchell Dryers Ltd. (U.K.) are some of the leading players in this market.

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The key players operational in the industrial dryers market are focusing on acquisitions, agreements, expansion, and new product developments to cater to the increasing demands across various industry verticals. Metso Corporation (Finland) and GEA Group (Germany) reported the highest number of developments in the global industrial dryers market between 2011 and 2016.

Metso Corporation is one of the leading manufacturers of industrial dryers globally. The company is focused on maintaining its position in the industrial dryers market through organic strategies such as agreements and expansions. For example, it opened an extension to its Tianjin service center that manufactures forming, dryer, and filter fabrics mainly for the Chinese and Asia-Pacific market. The facility which started with 45 employees in 2008, now employs 200 service professionals. Metso also entered into an agreement with Blue Paper (France) to supply it a grade conversion rebuild of their paper machine at their mill site in Strasbourg, France. Metso's delivery comprised a headbox and forming area modernizations and modernization of the press, dryer, and sizing sections and reel. The company also modified air systems and automation systems.

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GEA Group is another key player in the industrial dryers market and has presence in several regions across the globe. The company focuses on strategies such as new product developments and agreements to maintain its position in the market. For example, it launched its latest spray drying monitoring and safety solutions which include the POWDEREYE inline powder analysis system and the SPRAYEYE nozzle monitoring system. They were on show at POWTECH 2016 in Nuremberg. It also received a USD 4.4 million pharmaceutical solid dosage technology order from Zhejiang Hisun Pharmaceutical Co. Ltd (Hisun) in China for high-containment granulation, coating, and drying solutions. Hisun placed the order for four complete high-containment solid dosage granulation, coating, and drying lines.

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