19-Feb-2020 | Zion Market Research
Zion Market Research has published a new report titled “Global Magnetic Separator Market –By Separator Type (Magnetic Separator Equipment, Standalone Magnetic Separators, and Others), By Magnet Type (Permanent Magnets and Electromagnets), By Material Type (Wet and Dry), By Cleaning Type (Manual and Automatic), By End-User (Chemical & Pharmaceutical, Recycling, Ceramics, Paper & Plastics, Mining, Glass & Textile, Food & Beverages, and Others), And By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” According to the report, global demand for the magnetic separator market was valued at around USD 675 Million in 2019 and is expected to surpass USD 900 million in 2025, growing at a rate of around 5% between 2019 and 2025.
Browse the full “Global Magnetic Separator Market – By Separator Type (Magnetic Separator Equipment, Standalone Magnetic Separators, and Others), By Magnet Type (Permanent Magnets and Electromagnets), By Material Type (Wet and Dry), By Cleaning Type (Manual and Automatic), By End-User (Chemical & Pharmaceutical, Recycling, Ceramics, Paper & Plastics, Mining, Glass & Textile, Food & Beverages, and Others), and By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2025.” Report at https://www.zionmarketresearch.com/report/magnetic-separator-market
Growing concerns regarding environmental pollution are promoting the recycling trend across the globe, which in turn fuels the global magnetic separators market growth. The key factors driving the global magnetic separator market are rapid urbanization, a considerable rise in smart city projects in the developing economies, and government-designed quality standards for the food & beverage sector.
Magnetic separators with an automatic cleaning feature to lead in the global magnetic separator market during the forecast period
The “automatic feature” category under the cleaning type segment is in the huge demand is projected to lead the global market in the coming years. Automatic cleaning magnetic separators, also referred to as self-cleaning magnetic separators, make the process economical by cutting the labor cost required for manually cleaning the magnetic separators. Owing to this automated feature of self-cleaning magnetic separators, these can enhance the efficiency of the fully automated production process.
Demand for magnetic separators in the food & beverage industry likely to escalate swiftly during 2020–2025
FDA (Food and Drug Administration) and EFSA (European Food Safety Authority) are regulating the food & beverage sector in the US and Europe, respectively. These regulating bodies have set a frame of stringent regulations regarding the manufacturing and processing of food products along with the equipment used in the food & beverage industry. Magnetic separators play a crucial role in the food & beverage sector by eliminating iron-based impurities from the food items.
The Asia Pacific to lead the global magnetic separator market during 2020–2025
The demand for hygienic food items, pharmaceutical products, and beverages in the Asia Pacific is surging at a considerable rate, thereby flourishing the regional magnetic separator market. Moreover, the augmenting efforts by governments to promote the recycling sector in the region are also going to fuel the demand for magnetic separators.
Some of the key players driving the global magnetic separator market are Industrial Magnetics, Metso, Bunting Magnetics, K.W. Supply Magneetsystemen B.V., Kanetec, Eclipse Magnetics, Malvern Engineering, Eriez, Magnetic Products, STEINERT, Weifang GUOTE Mining Equipment, Jupiter Magnetics, Goudsmit Magnetics, Permanent Magnets, Sollau, Nippon Magnetics, Innovative Magnetic Technologies, Multotec, Shandong Huate Magnet Technology, and LONGi Magnet.
The global magnetic separator market is segmented as:
Global Magnetic Separator Market: Separator Type Segmentation Analysis
Global Magnetic Separator Market: Magnet Type Segmentation Analysis
Global Magnetic Separator Market: Material Type Segmentation Analysis
Global Magnetic Separator Market: Cleaning Type Segmentation Analysis
Global Magnetic Separator Market: End-User Segmentation Analysis
Global Magnetic Separator Market: Regional Segmentation Analysis
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