Spray Pyrolysis Market

The spray pyrolysis market size is projected to grow from USD 167.3 million in 2024 to USD 234.2 million by 2029, registering a CAGR of 7.0% during the forecast period. The global demand for spray pyrolysis equipment is on the rise due to expanding applications in end use industries, particularly in emerging economies. Moreover, the escalating use of spray pyrolysis systems in end use industries like energy & utilities, electronics & semiconductors, pharmaceuticals & biotechnology and others increases the need for spray pyrolysis equipment.

The market for spray pyrolysis is expected to continue growing in the next few years due to various reasons. Market leaders in the industry are focusing on producing new, advanced and unique products to cater to the growing demand. They are also expanding their geographic presence by reaching out to emerging market players. To ensure long-term growth and strengthen their market position, several measures have been taken. These strategies would enable organizations to respond sensitively towards the growing demand for type as well as end-use industry. Also, companies operating in this market, such as Hansun (China), Sono-Tek Corporation (US), MTI Corporation (US), Zhengzhou CY Scientific Instrument Co., Ltd. (China), Acmefil Engineering Systems Pvt. Ltd. (India), Holmarc Opto-Mechatronics Ltd. (India), Cheerssonic Ultrasonic Equipments Co., Ltd.(China), Siansonic (China), Navson Technologies Pvt. Ltd. (India), and Shanghai Huashao Intelligent Equipment Co., ltd. (China) adopt acquisitions, new brand launches, agreements, expansions, collaborations, and partnerships to increase their market shares and expand their geographic presence.

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MTI Corporation was founded by material researchers from MIT and UC Berkeley. It is a 100% USA own company. The company is leading manufacturer of oxide crystals, substrates, and lab equipment’s for mate
rial research. It provides high quality, low-cost precision machines for material research and R&D labs. The company’s product line includes low-speed cutting saws, wire diamond saws, ultrasonic spray pyrolysis furnace, auto-polishing machines, high-temperature ovens, tube furnaces, and complete sets of equipment for rechargeable battery materials research. The company offers its products worldwide to universities, national laboratories, and R&D units of private companies. The company’s distributors are available in Australia, Chile, China, Egypt, France, Germany, India, Indonesia, Israel, Italy, Japan, South Korea, Kuwait, Malaysia, Mexico, Singapore, Taiwan, Thailand, Turkey, UK, and Vietnam.

Acmefil is an industrial equipment manufacturer company. The company’s product portfolio includes spray dryer, flash dryer, spin flash dryer, paddle dryers, product silos, rotary valve, bag filters, cyclones, spray pyrolysis systems, powder collection equipment, dust collectors, hot air generators, and evaporators. In addition, the company’s manufacturing range includes pressure vessels, heating systems, and other chemical equipment’s. The company serves its products to various applications food, pharmaceuticals, silica, agro chemicals, pigments, meat extract, ceramic industry, dyes intermediates, and others. The company caters all types of industries from govt. organization to private entrepreneurs. Acmefil is having  required infrastructure and modern equipment’s like Argon welding machine, cutting equipments, Overhead crane etc. with latest manufacturing and testing facilities backed by highly skilled manpower, trained for all types of fabrication works. Indian Oil, Lupin, Balaji Wafers, Meghmani Group are some of the clients of Acmefil. The company has presence in India.

Holmarc is primarily engaged in the manufacturing of variety of scientific and engineering instruments for research, industry, and education. The company’s product line includes microscopes and imaging instruments, optical measuring instruments, spectroscopy, analytical instruments, lab equipment’s, physical lab instruments, optomechanics, optic, spray pyrolysis systems and laboratory automation. The company has 50000 sq. ft. built up area for housing various manufacturing infrastructure in optics, mechanics, and electronics. Currently, the company has 500+ customers across the globe. In terms of financial, the company’s export is around 20 % of total sales in 2023-2024.

Related Reports:

Spray Pyrolysis Market by Device Type (Ultrasonic Spray Pyrolysis System, High-Throughput Spray Pyrolysis System), Process, Application, End-Use Industry (Energy & Utilities, Electronics & Semiconductors), and Region - Global Forecast to 2029

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