According to the Future Market Insights, the global jet mill market is set to cross a value of US$ 2,195.1 Mn in 2033. Overall jet mill sales are poised to accelerate at a CAGR of 5.4% between 2023 and 2033.
Rising application across diverse industries such as pharmaceutical, chemical, cosmetics, food & beverage, and mineral is a key factor driving demand for jet mills in the market.
Jet mills are advanced milling machinery that uses a high speed jet of compressed air or inert gas to grind and reduce particles to extremely small sizes. These mills have no moving parts, thereby eliminating contamination of particles. They are preferred over other milling technologies due to their ability to produce both fine and ultrafine particles.
Jet mills are mostly used in manufacturing of drugs, chemicals, pigments, agrochemicals, abrasive materials, etc. Thus, rising demand for these products will continue to foster sales of jet mills during the forecast period.
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Another factor spurring growth in the global jet mill industry is the rising demand for high-end skincare and cosmetic goods among the general public. Manufacturers of cosmetics are increasingly adopting jet mills to give cosmetic items a fine and smooth texture.
Regionally, North America will hold the largest share of the global jet mill market during the forecast period owing to the robust growth of pharmaceutical and chemical industries, strong presence of leading jet mill manufacturers, and availability of low-cost products. However, Asia Pacific is likely to emerge as the most lucrative market for jet mills over the next ten years.
Key Takeaways from the Jet Mill Market Study:
- By type, the fluidized bed jet mill segment is expected to generate significant revenues by the end of the forecast period.
- In terms of application, pharmaceutical and chemical segments will continue to dominate the global jet mill market during the forecast period.
- The U.S. accounts for around 32.1% share of the global market for jet mills.
- Germany holds nearly 25.1% share of the worldwide jet mill market.
- Jet mill sales in India are forecast to surge at 5.9% CAGR between 2023 and 2033.
- China’s jet mill market is expected to grow at 6.1% CAGR over the next ten years.
Who is Winning?
Key players dominating the global jet mill market include Fluid Energy Group, Hosokawa Micron, Sturtevant, British Rema, and Continental Biomass Industries. These leading jet mill manufacturers and suppliers are focused on expanding their product portfolios and geographical footprints to gain a larger share of the market.
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Segmentation of Jet Mill Industry
By Type:
- Spiral Jet Mill
- Fluidized Bed Jet Mill
By Capacity:
- Less than 200 kg/h
- 201 to 1000 kg/h
- More than 1000 kg/h
By Application:
- Pharmaceutical Industry
- Chemical Industry
- Mineral Industry
- Food & Beverage Industry
By Sales Channel:
- Online
- Offline
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
- RoW
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About Future Market Insights (FMI)
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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