Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 542.13 million | USD 814.56 million | 5.20% | 2022 |
The global Dewatering Screens market size was worth around USD 542.13 million in 2022 and is predicted to grow to around USD 814.56 million by 2030 with a compound annual growth rate (CAGR) of roughly 5.20% between 2023 and 2030.
The Dewatering Screen is intended to offer a dryer, cleaner fine aggregate output in place of or in combination with sand screws. They are made to consistently generate drip-free products that are generally 10% drier than Fine Material Screw Washers. Sand that has been dried using conventional techniques may contain up to 22% moisture. Depending on the particle size and throughput, the dewatering screen can generate products with an average moisture content of about 12 to 14%; certain machines can supply material at rates as low as 7%. A dewatering screen may be used to treat materials like sand, gravel, crushed aggregates, frac sand, industrial sands, mineral sands, hard rock, precious metals, coal, iron ore, salt, and other granular materials.
Growth in the construction and mining industry propels market growth
Dewatering screens are widely used in the mining and construction sectors. Dewatering screens are increasingly in demand as these sectors expand. Different minerals, aggregates, and building materials can be dewatered using dewatering screens. For instance, according to a recent analysis by Minerals for Climate Action, the demand for minerals like cobalt, graphite, and lithium might increase fivefold by 2050 to fulfill the rising need for renewable energy technology. The Paris Agreement's objectives of net-zero greenhouse gas emissions by 2050 are predicted to need more than 3 billion tons of minerals and metals.
Moreover, according to the report published by Invest India, the Indian construction industry is projected to reach USD 1.4 trillion by 2025. The growth in the construction sector is owing to the increase in urban population as in India 68 cities would have a population of more than one million people, and the urban population will contribute 75% of GDP (up from 63% now). Therefore, the growth in the construction and mining industry is expected to propel the demand for dewatering screens market over the analysis period.
High upfront and maintenance costs hamper the market growth
Dewatering screens might require a substantial initial outlay of capital, particularly for sophisticated and specialized systems. For smaller enterprises or businesses with tight budgets, this expense may be unsustainable. Dewatering screens also have operating and maintenance expenses that go along with running and maintaining them, even if they can eventually result in cost savings. This covers costs for replacing screen media, energy use, and standard maintenance. Thereby, hampering the dewatering screens industry growth during the projected period.
Growing innovative product launches offer a lucrative opportunity for market growth
The growing innovative product launches are expected to offer a lucrative opportunity for global dewatering screens market revenue growth during the forecast period. For instance, in April 2023, with Trellex® GS, a panel that complies with European aggregate industry fixing criteria, Metso Outotec increased the range of screening media available. Trellex® GS is a cutting-edge, modular screening media that comes in rubber and polyurethane with a knock-in method. It is intended to provide long wear life, simpler replacements, more uptime, and greater safety. "Trellex® GS is a significant addition to the range of screening media offered by Metso Outotec, and it supports their mission to create simple-to-use screening modules that improve the screening process for our customers. The polyurethane and rubber compounds are one-of-a-kind as a consequence of decades of diligent research and development. These very flexible materials are unrivaled in their ability to prevent pegging and being blind. Thereby, driving the market growth.
Diverse material characteristics act as a major challenge to market growth
A variety of materials with different moisture contents, particle size distributions, and characteristics are used in many industries and applications. It might be difficult to design dewatering screens that can handle this variety of materials while still performing at their best. Thus, the diverse material characteristics are expected to act as a major challenge for market growth.
The global Dewatering Screens industry is segmented based on type, application, and region.
Based on the type, the global market is bifurcated into single deck dewatering screens and double deck dewatering screens. The single deck dewatering screens are expected to hold the largest market share over the forecast period. The segment growth is attributed to the increasing demand for single deck dewatering screens in various applications such as mining and minerals, aggregate processing, and others. In the mining sector, single deck dewatering screens are frequently used to remove water from products including coal, iron ore, gold, and other minerals. They aid in lowering moisture content and enhancing the effectiveness of later processing procedures. Thus, this is expected to propel the segment growth during the forecast period.
Based on the application, the dewatering screens industry is bifurcated into coal, aggregates, recycling & waste, food & feed, mining & minerals, and others. The mining & minerals segment is expected to garner the largest revenue share over the forecast period. The growth in the segment is attributed to the growing mining activities across the globe for the extraction of precious metals and minerals. For instance, according to secondary analysis, in the last two decades, the mining industry has experienced tremendous expansion; by 2020, the worldwide output of industrial minerals, metal ores, and mineral fuels will total 17.3 billion tonnes, up from 11.3 billion tonnes in 2000. Thus, this is expected to drive the market growth over the forecast period.
Report Attributes | Report Details |
---|---|
Report Name | Dewatering Screens Market |
Market Size in 2022 | USD 542.13 Million |
Market Forecast in 2030 | USD 814.56 Million |
Growth Rate | CAGR of 5.20% |
Number of Pages | 214 |
Key Companies Covered | McLanahan, SPALECK, Weir, IFE, Binder+Co, Superior Industries, FLSmidth, Multotec, , CAB, Metso, Schenck Process, General Kinematics, thyssenkrupp, JÖST, Classification & Flotation Systems (CFS), AViTEQ, Derrick Corporation, Vibramech, RHEWUM, Hewitt Robins, SIEBTECHNIK TEMA, Luoyang Longzhong Heavy Machinery (LZZG), and others. |
Segments Covered | By Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The Asia Pacific holds the largest market share over the forecast period
The Asia Pacific is expected to hold the largest global dewatering screens market share over the forecast period. The market growth in the region is attributed to rapid urbanization and infrastructure development. For instance, according to the United Nations report, more than 2.2 billion people, or 54% of the world's metropolitan population, reside in Asia. Asia's urban population is projected to increase by 50% by 2050, or by an additional 1.2 billion people. In addition, the Indian economy's primary driver is the infrastructure industry.
The Indian government gives this industry a lot of attention since it is vital to the country's overall development and helps to guarantee that world-class infrastructure is constructed on time. The infrastructure sector includes the construction of highways, bridges, dams, and urban infrastructure. According to the Department for Promotion of Industry and Internal Trade (DPIIT), foreign direct investment (FDI) in the construction development (townships, housing, built-up infrastructure, and construction development projects) and construction (infrastructure) activity sectors reached a total of $ 26.17 billion and $ 26.30 billion, respectively, between April 2000 and December 2021. A little more than 13% of the 81.72 billion dollars in overall FDI inflows in the fiscal year (FY) 2021 were attributable to infrastructure-related operations. In terms of the number of kilometers
of highways that would be constructed, there would be 2,500 km of access control highways, 9,000 km of economic corridors, 2,000 km of coastline and land port roads, and 2,000 km of strategic highways. The National Highways Authority of India (NHAI) can collect more money due to the FASTag system, which encourages increasing highway commercialization. It was expected to monetize at least 12 batches of road bundles totaling more than 6,000 kilometres by 2024. Road infrastructure gets a budgetary allocation of USD 240 billion from the government. Therefore, the aforementioned facts drive the market growth in the region.
The global Dewatering Screens market is dominated by players like:
By Type
By Application
FrequentlyAsked Questions
The Dewatering Screen is intended to offer a dryer, cleaner fine aggregate output in place of or in combination with sand screws. They are made to consistently generate drip-free products that are generally 10% drier than Fine Material Screw Washers.
The market growth is driven by various factors such as the growing construction and mining sector, rising urbanization, increasing government initiatives, and rising product launches. Furthermore, the increasing infrastructural investment across the globe is one of the significant factors that propel the market growth during the forecast period.
According to the report, the global dewatering screens market size was worth around USD 542.13 million in 2022 and is predicted to grow to around USD 814.56 million by 2030.
The global Dewatering Screens market is expected to grow at a CAGR of 5.20% during the forecast period.
The global Dewatering Screens market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the increasing end-use industry and the rising investment in the construction sector.
The global Dewatering Screens market is dominated by players like McLanahan, SPALECK, Weir, IFE, Binder+Co, Superior Industries, FLSmidth, Multotec, , CAB, Metso, Schenck Process, General Kinematics, thyssenkrupp, JÖST, Classification & Flotation Systems (CFS), AViTEQ, Derrick Corporation, Vibramech, RHEWUM, Hewitt Robins, SIEBTECHNIK TEMA and Luoyang Longzhong Heavy Machinery (LZZG) among others.
The Dewatering Screens market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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