Global Hopper Dryers Market is expected to reach US$ 6.7 Billion by 2026 from US$ 4.2 Billion in 2017 at CAGR of 5.33%.
Global Hopper Dryers Market
Hopper dryers market is segmented by type, application, and region.
Based on product type, hopper dryers market is classified by less than 100 KG, 100 KG to 500 KG, and more than 500 KG. More than 500 KG segment is estimated to hold largest share of market during forecast period due to rise usage of plastic processing machinery for drying plastics in industries such as automotive.
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On the basis of application, hopper dryers market is divided by injection molding machine, extrusion machine, and blow molding machine. Injection molding is estimated to boost the market during forecast period due to increase in demand for hopper dryers in electronics, consumer & goods, and others industries.
Major driving factors of hopper dryers market are increasing use of energy efficient machines, rising demand for plastic products, increase awareness about energy saving, rising technological advancements, increasing investments in R&D, rising demand for robustness, rapid drying, and low maintenance, and rising demand for plastic processing machinery and at same time high cost of hopper dryers and government rules regarding environmental effects of plastic usage will hamper the market.
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In terms of region, hopper dryers market is divided by North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to hold largest share of market in forecast period due to rise in presence of manufacturing key players in this region.
Key player’s studies, analyzed, profiled and benchmarked in hopper dryers market are ACS Group, Conair, Bry-Air, Kenplas Industry Ltd., Dri-Air Industries Inc., Novatec, Inc., Motan Colortronic, Summit Systems, MAIN TECH, ProTec Polymer Processing Shini Plastics Technologies Inc., and Yann Bang.
The Scope of the Report Global Hopper Dryers Market are
Global Hopper Dryers Market, by Product Type
• Less than 100 KG
• 100 KG To 500 KG
• More than 500 KG
Global Hopper Dryers Market, by Application
• Injection Molding Machine
• Extrusion Machine
• Blow Molding Machine
Global Hopper Dryers Market, by Region
• North America
• Asia Pacific
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• Middle East & Africa
• Latin America
Key Players, Global Hopper Dryers Market are
• ACS Group
• Kenplas Industry Ltd.
• Dri-Air Industries Inc.
• Novatec, Inc.
• Motan Colortronic
• Summit Systems
• MAIN TECH
• ProTec Polymer Processing Shini Plastics Technologies Inc.
• Yann Bang