Magnetic Separator Market: Attracting an Astonishing Revenue Influx of US$ 2.2 Billion by 2033, Unveiled in FMI’s Exclusive Report
The Magnetic Separator Market report, brought to you by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—proffers comprehensive insights and meticulous analysis of the Magnetic Separator market. Embracing the scope and essence of the research, this report meticulously investigates the driving catalysts, market size, and predictive data for Magnetic Separator. It offers intricate revenue and shipment breakdowns, with a projection spanning a decade until 2033. Moreover, the document assesses major industry players, their market shares, the competitive framework, and regional insights.
In 2023, it is predicted that the market for magnetic
separators will grow to $1.35 billion USD. Demand for magnet separators has
increased since they are used more frequently to remove unwanted particles
during metal recycling operations in a range of sectors. The market valuation
is anticipated to reach US$ 2.2 billion in 2033 as a result of this.
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A cooling tower is a heat rejection device that removes
excess heat from the atmosphere created by the machinery inside the block using
a stream of cooled water. A small amount of water can evaporate into a stream
of flowing air through the cooling tower’s evaporative process, which
effectively cools the surrounding region.
A magnetic separator is a type of separation and
sorting equipment, mainly used for separating magnetic minerals mixed in
non-magnetic minerals such as the removal of metallic and ferrous materials
from a mixture with the help of magnetic force.
Magnetic separators have significant applications in the
metal and mineral mining industry, recycling industry, food and beverages
processing industry, chemical industry, steel industry, foundry industry,
plastic industry, cement industry, and water, and wastewater treatment, among
others.
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 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 has triggered a great demand for enhanced
safety. Government authorities have formed several regulations to improve
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
requirements for separation and sorting equipment such as magnetic separators
in mining, chemicals, cement, steel, and other industries.
Influx of Application Opportunities in ‘Recycling’ to
Favor Demand Growth
On the basis of intensity type, the high gradient segment is
foreseen to experience substantial growth in the magnetic separator market.
However, owing to its low cost and high demand, the low-intensity type magnetic
separator segment is expected to account for a prominent volume share in the
global magnetic separator market. On the basis of product type, pulley
separator sales are expected to witness a growth of approx. 4.0 percent during
the forecast period, which is mostly driven by its increasing applications in
several industries with the primary intention of preventing metallic
contamination.
By material type, dry type magnetic separator is considered
more into demand among customers. The segment is expected to account for more
than two third of the total market during the forecast period. By cleaning
type, self-cleaning magnetic separator is considered more into demand among
customers. The segment is expected to account for more than two third of the
total market during the forecast period. On the basis of end-use industry,
owing to increasing concern towards recycling of waste, scrap metal, and other materials,
the recycling end-use industry segment is expected to project maximum growth
during the forecast period.
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.
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
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