FMI finds magnetic separator users prioritise convenient operation

The global magnetic separator market is estimated to witness modest growth in 2019, to reach a market value of around US$1.2 billion, while registering a y/y growth of nearly 3% over that attained in 2018. Additionally, the global sales of magnetic separators are expected to be fuelled by a growing mining industry, as well as several processing industries across the globe.

Oceania high potential storehouse of opportunities

In the past five years, the Oceania region witnessed substantial growth in mineral production. In 2012, the Oceania region accounted for a share of 5.1% in global mineral production, while, in 2017, the region accounted for a share of more than 7%. Increasing mineral production in the region is expected to increase the demand for mineral sorting and separation equipment, consequently increasing the demand for magnetic separators. The rising number of metallic contamination incidents in several food and beverage products has triggered a great demand for increased safety. Government authorities have formed several regulations to improve operational safety and, thus, there has been a greater demand for high performance magnetic separators in the food and beverage processing industry.

The East Asia market is expected to dominate the global magnetic separator market, owing to its relatively large consumption of separation and sorting equipment in mining and other industries. The North America and Europe magnetic separator markets are expected to experience modest growth, owing to being mature magnetic separator markets. Countries/regions such as Australia, Japan, India, Brazil, and ASEAN, being at the forefront of the mining industry, are expected to generate significant demand for the global magnetic separator market. Significant growth in demand for magnetic separators is also anticipated to be witnessed in the Middle East and Africa, owing to substantial requirements for separation and sorting equipment, such as magnetic separators in mining, chemicals, cement, steel, and other industries.

Demand growth

On the basis of intensity type, the high gradient segment is foreseen to experience substantial growth in the magnetic separator market. However, owing to its low cost and high demand, the low intensity-type magnetic separator segment is expected to account for a prominent volume share in the global magnetic separator market. On the basis of product type, pulley separator sales are expected to witness a growth of approximately 4% during the forecast period, which is driven by its increasing applications in several industries, with the primary intention of preventing metallic contamination.

By cleaning type, the self-cleaning magnetic separator is considered more in demand among customers. The segment is expected to account for more than two thirds of the total market during the forecast period. On the basis of the end-use industry, owing to increasing concern towards the recycling of waste, scrap metal, and other materials, the recycling end-use industry is expected to project maximum growth during the forecast period.

Read the article online at: https://www.worldcement.com/the-americas/12062019/fmi-finds-magnetic-separator-users-prioritise-convenient-operation/