PUBLISHER: Allied Market Research | PRODUCT CODE: 1365625
PUBLISHER: Allied Market Research | PRODUCT CODE: 1365625
According to a new report published by Allied Market Research, titled, "Powder Processing Equipment Market," The powder processing equipment market was valued at $4.5 billion in 2020, and is estimated to reach $7.9 billion by 2032, growing at a CAGR of 5.1% from 2023 to 2032.
Powder processing equipment is designed for handling, processing, and transforming powdered material in various industries. It includes machinery and systems for mixing, blending, grinding and granulations, drying, sieving and packaging powder. This equipment ensures efficient and precise handling of fine particles, achieving uniformity and desired material properties.
Due to the rising usage of additive manufacturing techniques in a variety of industries, including manufacturing and construction. In addition, additive manufacturing makes extensive use of powdered materials like polymer, metal, ceramics, and composite. Additionally, powder processing machinery is essential for preparing and optimizing these powders for 3D printing because they must meet precise size, shape, and composition specifications. Additionally, the expanding use of additive manufacturing in industry is demonstrating the demand for machinery for power processing.
Moreover, it is frequently expensive to buy equipment for processing powders. Specialized equipment installation and procurement expenses could also be high, especially for some small and medium-sized firms with limited resources. Additionally, the initial expense could prohibit the usage of contemporary equipment, which might obstruct market expansion. Equipment used for processing powder requires routine maintenance in the form of testing, servicing, and maintenance to maintain maximum performance and lifetime. These maintenance procedures incur additional labor, spare components, and downtime costs. Furthermore, a company may experience issues with high operating costs, particularly if they lack enough money for periodic upkeep of equipment. As a result, such routine equipment maintenance hinders the market from growing.
On the contrary, the use of powder processing equipment for a variety of applications, including mixing, blending, grinding, and particle size reduction, has increased due to the growth of the chemical and material industries. Additionally, there are chances in the paint & coating, ceramic pigment, catalyst, and polymer industries. Furthermore, powder processing equipment enables the production of finely turned powder formulations with qualities, which improves the performance and usefulness of the finished product. As new materials and formulations are created, there will be an ongoing rise in demand for improved powder processing machinery.
The powder processing equipment market is segmented into type, technology, end user industry, and region. By type, the market is classified into classifiers, mills, rotary dryers, and others. The classifiers segment dominated the market in 2022. By technology, the market is divided into drying, heating, cooling, mixing and blending. The drying segment dominated the market in 2022. By end user industry, it is classified into food beverage, pharmaceutical, metal extraction, and mining construction. The food beverage segment dominated the market in 2022.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
In 2022, Asia-Pacific was the key shareholder, and anticipated to secure a leading position during the forecast period.
COMPETITION ANALYSIS
Key companies profiled in the powder processing equipment market report include Kemutec, Hansel Processing GmbH, Bepex International LLC, Powder Process Solutions, Hosokawa Micron Corporation, Baker Perkins Limited, Ongsun Powder Processing Equipment Co., Ltd., Syntegon Technology GmbH, Charles ross & son company, and Sanovo Technology Group
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