Dublin, Jan. 08, 2025 (GLOBE NEWSWIRE) — The “Spray Pyrolysis Market by Device Type, Process, Application, End-Use Industry, and Region – Global Forecast to 2029” report has been added to ResearchAndMarkets.com’s offering.
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 %
This research report is focused on various levels of analysis – industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the spray pyrolysis market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The global spray pyrolysis market is witnessing growth due to the properties and materials and films they help create. Due to this, it has found application in various end use industries like energy & utilities, semiconductor & electronics, pharmaceuticals & biotechnology and others. The convergence of these properties with the growing demand for advanced, sustainable, and high-performance materials positions spray pyrolysis as a critical enabling technology in the global market.
Asia Pacific region is expected to be the fastest growing region in forecasted period in terms of value. As China, India, Japan, and South Korea are the major Asian emerging countries. This region is likely to see an increase in growth in the market for spray pyrolysis system as the countries here are heavily investing into various end-use industries such as solar and semiconductor, in which spray pyrolysis system are specifically used for coating purpose. Also governments of Asian countries giving strong financial support to these end-use industries, driving the adoption of spray pyrolysis in various applications such as thin & thick film deposition and nano particle formation.
Flame Assisted Spray Pyrolysis System, type is projected to have the second largest market share in terms of value.
Flame assisted spray pyrolysis system (FASP) type is projected to have second largest market share in terms of value in the spray pyrolysis market. In FASP system, feedstock, in the form of a liquid solution, is nebulized and sprayed into a flame where droplets are rapidly converted into films or coatings, nanoparticles by evaporation, and chemical reactions.
High temperature with the help of flame heat source offers ease of processing, is crucial for the production of material that has high degree of crystalline perfection and purity as well as for the synthesis of materials with desired properties. This system is especially useful in producing oxides, composite materials with a particular particle size and morphology.
Pharmaceuticals & biotechnology end use industry is expected to be the third largest growing end use industry for forecasted period in terms of value.
Pharmaceuticals & biotechnology end use industry is expected to be the third largest growing end use industry for forecasted period in terms of value. The pharmaceuticals and biotechnology industry uses spray pyrolysis systems for their precision and versatility in material synthesis. This system is crucial in producing nanoparticles for targeted drug delivery, enhancing solubility, and enabling controlled release for improved therapeutic outcomes, especially in cancer treatments.
It is also important in creating biocompatible coatings for medical implants and advanced biosensors for diagnostics. Spray pyrolysis system ensures uniformity, scalability, and adaptability, meeting the stringent requirements of this sector while supporting innovations in personalized medicine, biologics, and advanced diagnostic tools.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the spray pyrolysis market offered by top players in the global spray pyrolysis market.
- Analysis of drivers: (Growing solar energy sector, Rapid growth in global battery sector, Increased growth in electronics and optoelectronics) restraints (High competition from alternative technologies,), opportunities (Emerging applications of spray pyrolysis in healthcare, Increased adoption in healthcare applications.) and challenges (Complexity of process control in spray pyrolysis)
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the spray pyrolysis market.
- Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for spray pyrolysis market across regions.
- Market Capacity: Equipment manufacturing capacities of companies producing spray pyrolysis systems are provided wherever available with upcoming capacities for the spray pyrolysis market.
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the spray pyrolysis market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 214 |
| Forecast Period | 2024 – 2029 |
| Estimated Market Value (USD) in 2024 | $167.3 Million |
| Forecasted Market Value (USD) by 2029 | $234.2 Million |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
Companies Featured
- Mti Corporation
- Sono-Tek Corporation
- Holmarc Opto-Mechatronics Ltd.
- Acmefil Engineering Systems Pvt Ltd.
- Zhengzhou Cy Scientific Instrument Co. Ltd.
- Hansun
- Cheersonic Ultrasonics Equipments Co. Ltd.
- Siansonic
- Navson Technologies Pvt. Ltd.
- Shanghai Huashao Intelligent Equipment Co. Ltd.
- Prizma
- Shenyang Kejing Auto-Instrument Co. Ltd.
- Xiamen Tmax Battery Equipments Limited
- Sonear Inc.
- Vb Ceramic Consultants (Vbcc)
- Xiamen Lith Machine Limited
- Premier Solutions Pte. Ltd.
- Das Instrument and Solutions
- Capital Lab Tech
- Integrated Energy Engineering
- Hangzhou Powersonic Equipment Co. Ltd.
- Rubroder Group
- Rk Engineering Service
- Wavenxd Technologies Pvt. Ltd.
- Pi-Kem
For more information about this report visit https://www.researchandmarkets.com/r/flz6s1
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