In 2022, the market for magnetic separators is anticipated to grow to US$ 1.3 billion. The demand in the market is being driven by an increase in the use of magnetic separators to remove undesirable particles during the metal recycling operations across numerous sectors. The market valuation is anticipated to reach US$ 1.7 billion in 2029 as a result of this.
According to estimates, the global magnetic separator market will increase moderately in 2019 and reach a market size of over US$ 1,200 million, growing at a Y-o-Y rate of nearly 3.0% over what was achieved in 2018. Additionally, expanding mining and various processing sectors around the world are anticipated to fuel global sales of magnetic separators.
Magnetic separator is a type of separation and sorting equipment, mainly used for separating magnetic minerals mixed in non-magnetic minerals such as removal of metallic and ferrous materials from a mixture with the help of magnetic force.
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Oceania Emerging as a 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 the global mineral production, while in 2017, the Oceania region accounted for a share of more than 7.0%. 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 have triggered a great demand for enhanced safety. Government authorities have formed several regulations to improve the operational safety and thus, there has been a greater demand for high performance magnetic separators in the food and beverages processing industry.
The East Asia market is expected to dominate the global magnetic separator market, owing to its relatively large consumption for separation and sorting equipment in mining and other industries. 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 in the mining industry are expected to generate significant opportunities in the global magnetic separator market. Significant growth in demand for magnetic separators is also anticipated to be witnessed in countries of Middle East and Africa, owing to substantial requirement for separation and sorting equipment such as magnetic separators in mining, chemicals, cement, steel, and other industries.
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Magnetic Separator Market by Category
Product:
- Magnetic Drum Separator
- Magnetic Roller Separator
- Over band/Cross Belt Separator
- Magnetic Pulley Separator
- Coolant Separator
Intensity:
- Low Intensity
- High Intensity
- High Gradient
Material Type:
- Wet Type
- Dry Type
Cleaning Type:
- Self-Cleaning
- Manual Cleaning
End-Use Industry:
- Recycling
- Processing Industries
- Metal & Mineral Mining
Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East& Africa
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