Global Membrane Air Dryers Market to Grow Exponentially till 2029 End

  • 31 Jul 2019
  • Chemicals & Advanced Materials

The global membrane air dryers market is projected to achieve a CAGR of over 4.2% from 2019 to 2029.

The rise in chronic diseases worldwide has led to more demand for diagnostic equipment which thus elevated the membrane air dryers market. The rapid expansion of the electronic and medical industry has complemented the growth of the market. The rising usage of membrane air dryer to supply compressed air free from water and oil at -40 degrees Celsius is expected to create more demand over the coming years. Favorable government strategies and regulations have led to rapid industrialization which propels the growth of the market.

The market is segmented into by application, by end-use, and by region. In terms of application, instrument air is projected to dominate the market. The rising competition to provide a better quality product with low manufacturing cost has led to a vast demand for precise automated instrument and equipment, thus resulting in the expansion of the market. The growing demand of manufacturers of oil & gas, medical, electronic product and food industries to provide high air purity, focus on the safety of food and technological advancements has led to the production of clean air a necessity. These factors have resulted in the elevation of the market. The presence of moisture in the processing of food may hinder the food & beverages, in order to avoid there has been a huge demand for membrane air dryer.

In terms of end-use, the chemical industry is expected to witness vast growth. The expansion of chemical factories in regions like Asia-Pacific and North America is driving the growth of the market. These chemical factories have polluted and hazardous environment which would demand the handling of air to be careful. Therefore the air required in such environments has to be clean and moisture free, thus resulting in the rapid demand for membrane air dryers. Not only for the purification of air, but the membrane air dryers can also be used for utility gas plants and gas storage. The rising demand for membrane air dryers from specialty chemicals for commercial and industrial purposes is expected to fuel the growth of the market.

Based on the region, North America is the global leader of the market. The rapid expansion of food & beverage, medical, and oil & gas industry remains the key reason boosting the presence of the market in the region. Europe is followed after North America. The presence of prominent players has boosted the market in these regions. For instance, 3-A Sanitary Standards collaborated with US Public Health Service and European Hygienic Design & Engineering to deploy filtering systems in the food & beverage sector.

 Also, the stringent government regulations and norms regarding food processing especially in North America and Europe are expected to bolster the market over the coming years.

Asia-Pacific region is expected to witness substantial during the forecast period. The expansion of food & beverages and chemical industries remain the key reason behind the propelling of the market in the region.

Major players of the market are DonaldsonCompany Inc, Parket, Pentair and Sullair, Gardner Denver, Atlas Copco Corp, Sullair, and Mikropor.  

Global Membrane Air Dryers Market Segmentation:

1. By Application 

   a. Plant air/shop air 

  • Chemical 
  • Oil & gas 
  • Medical 
  • Food & beverage 
  • Electronics 
  • General manufacturing 
  • Others 

   b. Instrument air 

  • Chemical 
  • Oil & gas 
  • Medical 
  • Food & beverage 
  • Electronics 
  • General manufacturing 
  • Others 

   c. Process air 

  • Chemical 
  • Oil & gas 
  • Medical 
  • Food & beverage 
  • Electronics 
  • General manufacturing 
  • Others 

   d. Breathing air  

  • Chemical 
  • Oil & gas 
  • Medical 
  • Food & beverage 
  • Electronics 
  • General manufacturing 
  • Others 

2. By End-Use 

  • Chemical 
  • Oil & gas 
  • Medical 
  • General Manufacturing 
  • Food & Beverage 
  • Electronics 
  • Others 

3. By Region 

  • North America 
  • Europe  
  • Asia Pacific 
  • Latin America  
  • Rest of the World

Competitive Landscape:  

  • Tier 1 players- established companies in the market with a major market share  
  • Tier 2 players 
  • Emerging players which are growing rapidly 
  • New Entrants   

FutureWise Key Takeaways: 

  • Growth prospects  
  • SWOT analysis 
  • Key trends 
  • Key data points affecting market growth  

Objectives of the Study: 

  • To provide with an exhaustive analysis on the global membrane air dryers market based on the end-use, application, and region 
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) 
  • To evaluate and forecast micro-markets and the overall market  
  • To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and Rest of the World
  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions 
  •  Profiling of companies to evaluate their market shares, strategies, financials and core competencies

 

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