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Global Magnetic Separator Market likely to total US$ 2.2 billion by 2033, rising at a 5% CAGR | Future Market Insights, Inc.

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Future Market Insights

18 Oct, 2023, 10:55 GMT

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Future Market Insights, Inc. ESOMAR certified market research and consulting firm, now offers a report on the global magnetic separator market, which is expected to reach $2.104 billion by 2033, driven by increasing demand for recycled materials due to energy conservation concerns.

NEWARK, Del, Oct. 18, 2023 /PRNewswire/ --  The magnetic separator market is expected to reach US$ 1.35 billion by 2023. Between 2023 and 2033, the market is expected to reach US$ 2.2 billion. A CAGR of 5% is anticipated during the forecast above period. Consumption patterns may change in favor of sustainable and eco-friendly products, potentially affecting demand for magnetic separators. Industry investments may promote the management of resources and more responsible manufacturing.

The sample PDF summary is available here to get an overview of the comprehensive research report.

New applications for magnetic separators are being discovered in niche industries. Various medical applications, such as diagnostic tests and targeted drug delivery systems, can use them to separate magnetic particles. With recent advances in magnet technology, commercially valuable cryocooler-cooled magnetic materials with exceptional operating properties have been developed. The demand for these separations in the market is expected to rise as oil production and discovery activities increase. Due to increasing government initiatives to encourage recycling for economic and environmental benefits, the magnetic separator market is expected to grow significantly during the forecast period. 

Magnetic separators in ceramics, glass, and textiles require consistent and uniform product quality. Magnetic impurities can affect the finished product's look, strength, and durability. Operators can identify problems and optimize separator performance with real-time monitoring and advanced control systems. Mining and mineral processing industries rely heavily on magnetic separators to perform their jobs. Researchers are continually exploring new materials, magnet designs, and separation techniques that may lead to groundbreaking advances in magnetic separation.

Key Takeaways from the Market Study

  • According to estimates, the magnetic separator industry will generate US$ 1.7 billion by 2033
  • Recycling industries are expected to dominate the market through 2033.
  • Growing demand for dry magnetic separators in the food and beverage industries is expected to boost the market.
  • Between 2023 and 2033, magnetic separators are expected to record a 5% growth rate.
  • Self-cleaning magnetic separators are expected to gain popularity as automation becomes more prevalent.

Magnetic Separator Market Research Report Coverage:

Attribute

Details

Market Size Value in 2023

US$ 1.35 billion

Market Forecast Value in 2033

US$ 2.2 billion

Global Growth Rate

5% CAGR

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2022

Market Analysis

MT for Volume and US$ million for Value

Key Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

 

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • Russia
  • Poland
  • Czech Republic

 

  • Romania
  • India
  • Bangladesh
  • Australia
  • New Zealand
  • China
  • Japan
  • South Korea
  • GCC countries
  • South Africa
  • Israel

 

Key Segments Covered

  • Product
  • Intensity
  • Material Type
  • Cleaning Type
  • End-use Industry
  • Region

 

Key Companies Profiles

  • Eriez Manufacturing Co
  • Nippon Magnetics, Inc
  • LONGi Magnet Co., Ltd
  • Metso Corporation
  • Outotec Oyj
  • Noritake Co., Limited
  • A AND A MAGNETICS, INC
  • SLon Magnetic Separator Ltd
  • KANETEC CO., LTD
  • Shandong Huate Magnet Technology Co., Ltd
  • Douglas Manufacturing Co. Inc.

 

"Automation and the integration of new technologies into magnetic separators will drive demand for magnetic separators in the future. As environmental concerns grow and sustainable materials become more popular, this market will likely expand," Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Competitive Landscape

Players in the magnet separator market concentrate on building strategic partnerships, developing new products, and launching them. The manufacturer also invests heavily in developing new products to launch advanced materials and increase its market share.

Unlock insights on competition benchmarking - Buy the magnetic separator market report today!

  • In March 2023, Goudsmit Unveils a 10,000-Gauss Rotary Magnet Separator. Magnetic separators were developed as a result of a lot of customer requests. This system can capture iron particles and AISI304 and AISI316 particles from cocoa and milk powder as small as 30 m.
  • In August 2023, the environmental material management company EMM Ltd (EMM Ltd) specialized in providing waste material consulting services and contract material processing. With the help of a Terex® Ecotec TMS 320 Metal Separator, Celsa Recycling, Europe's leading circular and low-emission steel manufacturer, has increased metal recovery capacity.

Know More about What the Magnetic Separator Market Report Covers

Future Market Insights offers an unbiased analysis of the global magnetic separator market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the magnetic separator market, the market is segmented based on product, intensity, material type, cleaning type, and end-use industry type across seven major regions. 

Get the detailed research methodology of this report, including the data collection and analysis methods used, from here!

About the Industrial Automation Team at Future Market Insights

The industrial automation team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and one million data points, the team has analyzed the industry lucidly in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.

About the Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Explore FMI's Extensive Coverage in Industrial Automation Domain:

  •  The global clean steam separator market is expected to grow at a CAGR of 3.1%, reaching a market value of approximately US$ 3.4 billion by the end of the forecast period. Its value is projected to be around US$ 2.5 billion in 2023.
  •  The global heat recovery steam generator market is expected to be valued at US$ 1.25 billion in 2022. It is projected to reach US$ 2.03 billion in 2033, with a compound annual growth rate (CAGR) of 4.5% from 2023 to 2033. It is likely to reach US$ 1.31 billion in 2023.
  •  Droplet Separator Market: A Global Industry Analysis from 2013 to 2017 with an Opportunity Assessment for 2018 to 2028. This analysis provides market insights on droplet separators, including sales outlook, demand forecast, and current key trends.
  •  The global gasoline generator market is expected to exceed US$ 994.6 million, with a CAGR of 3.7% projected during the forecast period from 2022 to 2029.
  •  The die bonder equipment market is experiencing dynamic growth, estimated at US$ 4,415.3 million in 2023. Sales of die bonder equipment are highly promising, projected to exceed US$ 6,726.7 million by 2033. The market is expected to grow at a 4.3% compound annual growth rate (CAGR) from 2023 to 2033.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI's latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.

Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Logo: https://mma.prnewswire.com/media/1197648/3531122/FMI_Logo.jpg

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