The global industrial agitators market is expected to be worth US$ 2.3 billion in 2023, growing at a 9% CAGR to reach US$ 5.6 billion by the end of 2033.
“Agitators are used across a host of end-user industries, such as pharmaceutical and biotech, food and beverages, oil and gas, coatings and paints, adhesives and sealants, and brewing and distillation, given its maximum operational reliability for any mixing task—ranging from homogenization and suspending to dispersing and gassing. In addition, the demand is projected to remain high among small and medium-sized businesses (SMBs)”, Senior Analyst, FMI
APAC Continues to Reflect Potential Installation Opportunities
Regionally, demand for industrial agitators is expected to remain concentrated in North America given the consolidated presence of manufacturers, the trend is likely to be followed closely in the emerging markets of APEJ. Expanding manufacturing sector combined with a visible shift towards efficient production capacities from conventional utilization capacities, will drive up industrial agitators sales in Asia Pacific, in the coming years.
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Substantial Demand Noted in Pharma Mixing Processes
Although in terms of value, the chemicals industry is projected to exhibit maximum demand for industrial agitators, pharmaceutical industry is also likely to witness significant industrial agitators demand for keeping the medicine-making clean and sanitary. The industrial agitators used in pharmaceutical industrial are specifically equipped with efficient mixing and dispersing technology while offering uniform distribution of substances and product stability.
Moreover, advanced mixing solution offered by industrial agitators during biotechnological production, active pharmaceutical ingredient synthesis production, and hydrogenation of intermediates will supplement to higher sales demand of industrial agitators.
The food and beverages industry is also expected to showcase notable demand for industrial agitators given the stringency in regulations centered around sanitary food-grade mixing applications for ensuring quality of food products. For the manufacturers, such diverse application landscape is likely to bring along product differentiation and customization opportunities, suited to specific industry.
Top-entry Industrial Agitators Gets the Top Spot
Accounting for approximately 70 percent market share, top-entry industrial agitators will dominate the overall adoption landscape, specifically in the chemicals industry. Advantages such as fast mixing, high energy efficiency, zero in-tank maintenance, and adjustable speed and power will make top-entry industrial agitators the most cost-effective mixers. Manufacturers are increasingly offering customized top-entry industrial tank agitator solutions to meet the unique liquid characteristics for mixing processes in various tanks including, plastic tank, FRP tank, and those made of stainless steel.
On the other hand, side entry industrial agitators will also gain prominence, arising from the shortcomings of top-entry industrial agitators such as need for a large support structure and a higher initial capital cost. Side entry industrial agitators tend to yield homogeneity with lesser capital during acceptable blend durations apart from effectively blending low viscosity liquids.
The global market for industrial agitators showcases a relatively fragmented landscape, specifically in terms of raw material supply scenario.The global industrial agitators market may remain affected arising from fragmented supply base with varying degree of supplier capabilities, intricate pricing and discounting structure, and low profit margins.
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Key Segments of Industrial Agitators Industry Survey
Industrial Agitators Market by Type:
- Top Entry Industrial Agitators
- Side Entry Industrial Agitators
- Bottom Entry Industrial Agitators
Industrial Agitators Market by Model:
- Large Tank Agitators
- Drum Agitators
- Portable Agitators
- Tote Agitators
Industrial Agitators Market by End User:
- Industrial Agitators for Chemicals
- Industrial Agitators for Pharmaceuticals
- Industrial Agitators for Food and Beverages
- Industrial Agitators for Paper and Pulp
- Industrial Agitators for Waste and Wastewater Treatment
- Industrial Agitators for Oil, Gas and Petrochemicals
Industrial Agitators Market by Region:
- North America Industrial Agitators Market
- Latin America Industrial Agitators Market
- Europe Industrial Agitators Market
- East Asia Industrial Agitators Market
- South Asia & Pacific Industrial Agitators Market
- Middle East & Africa (MEA) Industrial Agitators Market
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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