Magnetic Separator Market North America to hold the largest market size during the forecast period Future Market Insights
The global magnetic separator market is estimated to reach US$ 1.3 Billion in 2022. Increasing use of magnetic separators to remove unwanted particles during the metal recycling processes across diverse industries is propelling the demand in the market. Driven by this, the market valuation is set to reach US$ 1.7 Billion in 2029.
The global Magnetic Separator Market is estimated
to witness modest growth in 2019, and reach a market value of around US$ 1,200
million, while registering a Y-o-Y growth rate of nearly 3.0% over that
attained in 2018. Additionally, the global sales of magnetic separators are
expected to be fuelled by growing mining and several processing industries
across the globe.
Magnetic separator is a type of separation and sorting
equipment, mainly used for separating magnetic minerals mixed in non-magnetic
minerals such as removal of metallic and ferrous materials from a mixture with
the help of magnetic force.
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Oceania Emerging as a High Potential Storehouse of
Opportunities
In the past five years, the Oceania region witnessed
substantial growth in mineral production. In 2012, the Oceania region accounted
for a share of 5.1% in the global mineral production, while in 2017, the
Oceania region accounted for a share of more than 7.0%. Increasing mineral
production in the region is expected to increase the demand for mineral sorting
and separation equipment. Consequently, increasing the demand for magnetic
separators.
The rising number of metallic contamination incidents in
several food and beverage products have triggered a great demand for enhanced
safety. Government authorities have formed several regulations to improve the
operational safety and thus, there has been a greater demand for high
performance magnetic separators in the food and beverages processing industry.
The East Asia market is expected to dominate the global
magnetic separator market, owing to its relatively large consumption for
separation and sorting equipment in mining and other industries. North America
and Europe magnetic separator markets are expected to experience modest growth,
owing to being mature magnetic separator markets.
Countries/regions such as Australia, Japan, India, Brazil,
and ASEAN being at the forefront in the mining industry are expected to
generate significant opportunities in the global magnetic separator market.
Significant growth in demand for magnetic separators is also anticipated to be
witnessed in countries of Middle East and Africa, owing to substantial
requirement for separation and sorting equipment such as magnetic separators in
mining, chemicals, cement, steel, and other industries.
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Magnetic Separator Market by Category
Product:
- Magnetic
Drum Separator
- Magnetic
Roller Separator
- Over
band/Cross Belt Separator
- Magnetic
Pulley Separator
- Coolant
Separator
Intensity:
- Low
Intensity
- High
Intensity
- High
Gradient
Material Type:
- Wet
Type
- Dry
Type
Cleaning Type:
- Self-Cleaning
- Manual
Cleaning
End-Use Industry:
- Recycling
- Processing
Industries
- Metal
& Mineral Mining
Region:
- North
America
- Latin
America
- Europe
- South
Asia
- East
Asia
- Oceania
- Middle
East& Africa
Some of the key manufacturers involved in the magnetic
separator market are Eriez Manufacturing Co, Nippon Magnetics, Inc., LONGi
Magnet Co., Ltd, Metso Corporation, Outotec Oyj, Noritake Co., Limited, A AND A
MAGNETICS, INC, SLon Magnetic Separator Ltd., KANETEC CO.,LTD., Shandong Huate
Magnet Technology Co., Ltd, Douglas Manufacturing Co., and Inc., among others.
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