Market Research Report
Magnetic Separator Market by Type (Drum, Overband, Roller, Pulleys, Plates, Grates, Bars), Magnet Type (Permanent Magnets, Electromagnets), Material Type, Cleaning Type, Industry (Mining, Recycling, Food & Beverages) & Region - Global Forecast to 2025
|Published by||MarketsandMarkets||Product code||924761|
|Published||Content info||169 Pages
Delivery time: 1-2 business days
|Magnetic Separator Market by Type (Drum, Overband, Roller, Pulleys, Plates, Grates, Bars), Magnet Type (Permanent Magnets, Electromagnets), Material Type, Cleaning Type, Industry (Mining, Recycling, Food & Beverages) & Region - Global Forecast to 2025|
|Published: February 7, 2020||Content info: 169 Pages||
"Magnetic separator market projected to grow at a CAGR of 5.1% during 2020-2025"
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%. One of the major driving factors for the magnetic separator market is the increase in recycling rates across the world. Also, due to the stringent rules and regulations pertaining to quality in the food & beverages industry, the demand for magnetic separators is increasing.
Expansion and urbanization in developing countries are also driving the growth of the magnetic separator market. However, the manufacturing of low-quality magnetic separators in developing countries restrains the market growth.
The magnetic separator market for magnetic pulleys is expected to grow at the highest CAGR during the forecast period. Magnetic pulleys are used as head pulleys for conveyor belts. These pulleys can be built into an existing conveyor belt system as a head. With the increase in the application areas of magnetic separators, companies are developing new ways to use magnetic pulleys for efficient separation in industries such as mining and recycling. This is expected to increase the demand for magnetic pulleys during the forecast period.
Magnetic separators are used for various processes in the recycling industry, such as glass recycling, scrap material recycling, PET flakes recycling, plastic recycling, rubber recycling, municipal solid waste recycling, and e-waste recycling. Owing to an increase in the waste produced by countries across the world, the need for recycling is ever increasing.
The recycling industry is picking up in countries such as the US and Canada, as China has implemented the National Sword Policy, which puts restrictions on the waste being imported by the country. These developments are expected to provide stimulus to the recycling industry across the world and propel the demand for magnetic separators.
The magnetic separator market in APAC is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the significantly growing mining industry in the region, led by China. China is the world's largest producer of coal, gold, iron ore, and most rare earth minerals. It is also the world's leading consumer of most mining products. This has provided a major boost to the mining industry in the country and the overall APAC region. Also, South Korea stands third in the list of countries having the best recycling rates, only behind Germany and Austria. According to a 2019 report by the European Environmental Agency (EEA), the country recycles ~54% of its municipal and household waste. The South Korean government is aiming to increase this recycling rate further, which is expected to propel the demand for magnetic separators in the recycling industry.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the magnetic separator market space.
The break-up of primary participants for the report has been shown below:
The report profiles key players in the magnetic separator market with their respective market ranking analysis. Prominent players profiled in this report are Eriez (US), Goudsmit Magnetics (Netherlands), Industrial Magnetics (US), Eclipse Magnetics (UK), Nippon Magnetics (Japan), Metso (Finland), Bunting Magnetics (US), Multotec (South Africa), K.W. Supply Magneetsystemen (Netherlands), STEINERT (Germany), LONGi Magnet (China), Kanetec (Japan), Sollau (Czech Republic), Shandong Huate Magnet Technology (China), Malvern Engineering (South Africa), Jupiter Magnetics (India), Permanent Magnets (India), Magnetic Products (US), Innovative Magnetic Technologies (Canada), and Weifang GUOTE Mining Equipment (China).
The study includes an in-depth competitive analysis of these key players in the magnetic separator market, with their business overview, recent developments, and key market strategies for leaders.
This research report categorizes the global magnetic separator market by type, magnet type, material type, cleaning type, industry, and geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the magnetic separator market and forecasts the same until 2025. Also, the report consists of the market ranking analysis of the key players operating in the magnetic separator market.
The report would help leaders/new entrants in this market in the following ways:
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*