According to FutureWise analysis the market for wet granulation equipment in 2023 is US$ 4.3 billion, and is expected to reach US$ 7.01 billion by 2031 at a CAGR of 6.30%.
The wet granulation equipment market will be challenged by a shortage of skilled labour and a lack of healthcare infrastructure in developing economies. Furthermore, rigorous regulatory rules and technical restrictions will operate as restraints, slowing the market's growth rate. Wet granulation is the technique of binding powder components together with a liquid and an adhesive agent. The wet granulation process includes preparing the material for granulation, soaking the powder/adding granulation solution, agglomeration, and drying. Increased material flow qualities, less air pollution, improved material compression and densification features, and simplicity of generating a homogeneous combination are just a few of the advantages. The expensive cost of the equipment, on the other hand, will stifle the market's growth rate.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Wet Granulation Equipment Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Wet Granulation Equipment Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.