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Magnetic Separator Market

Magnetic Separator Market by Type (Drum, Overband, Roller, Pulleys, Plates, Grates, and Bars), Magnet Type (Permanent Magnets, Electromagnets), Material Type, Cleaning Type, Industry (Mining, Recycling, Food & Beverages) & Region

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Magnetic Separator Market

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  1. MarketsandMarkets™ Research Private Ltd. Presents Magnetic Separator Market worth $928 million by 2025 https://www.marketsandmarkets.com/Market-Reports/magnetic-separator-market-68968178.html

  2. According to the research report "Magnetic Separator Market by Type (Drum, Overband, Roller, Pulleys, Plates, Grates, and Bars), Magnet Type (Permanent Magnets, Electromagnets), Material Type, Cleaning Type, Industry (Mining, Recycling, Food & Beverages) & Region - Global Forecast to 2025", The global magnetic separator market is expected to grow from USD 725 million in 2020 to USD 928 million by 2025, at a CAGR of 5.1%. The growing adoption of magnetic separators owing to stringent rules and regulations pertaining to quality in the food & beverage industry has resulted in their increased demand. Other drivers for the magnetic separator market growth include the increasing recycling rates across the world and expansion and urbanization in developing countries. Browse>> 108 Market data tables 42figures 168 pages and in-depth TOC on “Magnetic Separator Market” https://www.marketsandmarkets.com/Market-Reports/magnetic-separator-market-68968178.html Early buyers will receive 10% customization on this report. https://www.marketsandmarkets.com/PressReleases/magnetic-separator.asp

  3. Permanent magnets to hold larger share of magnetic separator market during forecast period Permanent magnet-based magnetic separators are expected to account for the larger share of the magnetic separator market share during 2020–2025. Permanent magnets do not require a continuous supply of electrical energy to maintain their magnetic field. They are less expensive and lightweight; they do not face any electrical contact problems. Hence, even in case of failure of power supply, permanent magnetic separators continue working. Permanent magnetic separators are maintenance-free and offer advantages such as strong magnetic force, long service life, convenient installation and use, and reliable functioning. These factors are expected to propel the demand for permanent magnet-based magnetic separators. Magnetic separators for dry material to witness higher CAGR in market during forecast period The magnetic separators market for dry material is expected to grow at a higher CAGR during 2020–2025. These separators are used to remove ferrous contaminants from dry products, such as powders and granules. Stringent government regulations to maintain the quality of food require the adoption of magnetic separators for dry materials in various food applications, such as sugar, grain, tea, flour, and salt processing, which drives the growth of the market. Magnetic separators for dry materials are also finding increasing applications in the recycling industry in auto shredders and E-scrap, and in the plastics industry, which is expected to propel their demand during the forecast period. https://www.marketsandmarkets.com/Market-Reports/magnetic-separator-market-68968178.html

  4. APAC to hold largest share of magnetic separator market during forecast period APAC is expected to hold the largest share of the magnetic separator market in 2020, and a similar trend is likely to be observed during the forecast period. Countries in APAC have abundant reserves of rare earth minerals. Owing to the increasing number of mining projects in the region, the demand for magnetic separators from the mining industry is projected to increase during the forecast period. Also, the pharmaceutical industry is growing in the region with the increasing number of people being brought under the healthcare umbrella through governmental efforts in various countries. The food & beverage industry is also growing in the region. A few countries, including Japan, have framed various rules and regulations regarding the quality of food products produced in or imported to the country. Owing to such stringent regulations, the demand for magnetic separators from the food & beverage industry in the region is expected to increase in the near future. Major players in the magnetic separator market include Eriez (US), Metso (Finland), STEINERT (Germany), Nippon Magnetics (Japan), Goudsmit Magnetics (Netherlands), Industrial Magnetics (US), Eclipse Magnetics (UK), Bunting Magnetics (US), Multotec (South Africa), and KW Supply Magneetsystemen (Netherlands). https://www.marketsandmarkets.com/PressReleases/magnetic-separator.asp

  5. About MarketsandMarkets™ Research Private Ltd. MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. https://www.marketsandmarkets.com/Market-Reports/magnetic-separator-market-68968178.html

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