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    Magnetic Separator Market | Covid-19 Impact Analysis

    Magnetic Separator Market | Covid-19 Impact Analysis

    Magnetic Separator Market | Covid-19 Impact Analysis
    Report code - SRCE207 Delivery - 2 Weeks
    Magnetic Separator Market Size, Share, Trend, Forecast, & Industry Analysis – 20 See more...
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    Impact of COVID-19 on Magnetic Separator Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Magnetic Separator Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Magnetic Separator Market Insights

    Magnetic separator market is likely to witness an impressive CAGR of 5.5% during the forecast period. The major factors that are contributing to the demand for magnetic separators are mainly the increase in recycling rates across the globe and the expansion and urbanization in developing countries, coupled with the stringent rules and regulations related to quality in the food & beverage industry.

    Magnetic Separator Market - Snapshot

    Growth

    5.5% for the next five years

    Major Type

    Magnetic Separator Equipment

    Major Magnet Type

    Permanent Magnets

    Dominant Cleaning Type

    Automatic

    Fastest-growing Industry Type

    Food & Beverages

    Region with the highest demand

    Asia-Pacific

    Key Players

    Eriez, Metso Oyj, STEINERT GmbH, Nippon Magnetics, Inc.,

    Goudsmit Magnetics, Bunting Magnetics, Eclipse Magnetics Ltd,

    Industrial Magnetics, Inc., K.W. Supply Magneetsystemen BV, and

    Multotec Pty Ltd.

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    Market Share Analysis

    Magnetic Separator Market Share: By Type

    Based on the type, the market is segmented as magnetic separator equipment and standalone magnetic separators. The equipment type segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. It contains drums, overband, rollers, and eddy current separators. The increasing demand from different industries such as mining, recycling, ceramics, paper, and plastics is driving the growth of this segment. The overband magnetic separators under the equipment segment are expected to grow at the fastest rate during the forecast period, as they are used for removing high volumes of iron particles from materials.

    Magnetic Separator Market Share: By Magnet Type

    Based on the magnet type, the magnetic separator market is segmented as permanent magnets and electromagnets. Permanent magnets held the larger share of the market in 2019, and are likely to lead the market during the forecast period. They do not require continuous supply of electrical energy to maintain their magnetic fields, due to which they also work in case of failure of power supply. These are less expensive and lightweight, do not face any electrical contact problems, and are maintenance-free. Further, they offer various advantages such as strong magnetic force, long service life, convenient installation and use, and reliable functioning, which are the growth propellers of the market during the forecast period.

    Magnetic Separator Market Share: By Cleaning Type

    Based on the cleaning type, the market is segmented as manual and automatic. The automatic cleaning type segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. They reduce or avoid the manpower required to clean magnetic separators and increase the efficiency of the production process. They are safer as compared to manual cleaning type as the metal contaminants are removed automatically. These factors are responsible to drive the market for the automatic cleaning type segment during the forecast period.

    Magnetic Separator Market Share: By Industry Type

    Based on the industry type, the magnetic separator market is segmented as mining, recycling, chemical & pharmaceutical, ceramics, paper, and plastics, food & beverages, glass & textile, and others. The food & beverages industry segment is expected to grow at the highest CAGR during the forecast period. Magnetic separators help in removing ferrous contaminants from food products, which if consumed, can adversely affect the health. The demand for magnetic separators from the food & beverage industry is increasing due to a surge in food consumption, attributed to the growing population, along with framing of new rules and regulations by food authorities (such as the Food Safety Modernization Act) to enhance the quality of products.

    Magnetic Separator Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the largest magnetic separator market during the forecast period, with China being the major country with lucrative growth opportunities. The growth of the region’s market is driven by the increasing demand for medicines, hygienic food products, and beverages, as well as government initiatives to increase the recycling rates, and increasing number of mining projects in the region, which is generating huge demand for magnetic separators and the presence of a large number of magnetic separator manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

    Some of the major magnetic separator manufacturers are-

    • Eriez
    • Goudsmit Magnetics
    • Industrial Magnetics, Inc.
    • Eclipse Magnetics Ltd
    • Nippon Magnetics, Inc.
    • Metso Oyj.

     

    Market Scope & Segmentation

    Magnetic separator is an engineering tool which generates a powerful magnetic flux and attracts the magnetic particles such as ferrous minerals or impurities.

    Magnetic separators are of different types, such as drum, overband, roller, pulleys, plates, grates, and bars that are used in various industries, such as mining, chemical & pharmaceutical, ceramics, paper, and plastics, and food & beverages.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Magnetic Separator Market Research Report - Features

    Market Segmentation

    8

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The magnetic separator market is segmented into the following categories. 

    Magnetic Separator Market Size, Share, & Forecast, by Type:

    • Magnetic Separator Equipment
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Type Analysis: Drum, Roller, Overband (Suspended), and Eddy Current Separators)
    • Standalone Magnetic Separators
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Type Analysis: Pulleys, Bars & Rods, Plates, Grates, Drawers, Filters, Chutes & Humps, and Others)

    Magnetic Separator Market Size, Share, & Forecast, by Magnet Type:

    • Permanent Magnets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electromagnets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Magnetic Separator Market Size, Share, & Forecast, by Cleaning Type:

    • Manual (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Automatic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Magnetic Separator Market Size, Share, & Forecast, by Material Type:

    • Dry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Wet (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Magnetic Separator Market Size, Share, & Forecast, by Component Type:

    • Feed Hopper (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Magnet (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Conveyor Belt (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Collection Tank (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Magnetic Separator Market Size, Share, & Forecast, by Intensity Type:

    • High Intensity (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Low & Medium Intensity (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Magnetic Separator Market Size, Share, & Forecast, by Industry Type:

    • Recycling (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Chemical & Pharmaceutical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Ceramics, Paper, and Plastics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Food & Beverages (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Glass & Textile (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Magnetic Separator Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the types by material type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

     


    Frequently Asked Questions (FAQs)

    What will be the growth of Magnetic Separator Market in the foreseeable future?

    The magnetic separator market is expected to witness an impressive growth of 5.5% CAGR in the foreseeable future.

    Who are the key players in the Magnetic Separator Market?

    Eriez, Goudsmit Magnetics, Industrial Magnetics, Inc., Eclipse Magnetics Ltd, Nippon Magnetics, Inc., and Metso Oyj are among the key players in the magnetic separator market.

    Which country/region is expected to be the largest Magnetic Separator Market?

    Asia-pacific is expected to be the largest magnetic separator market during the next five years.

    Which industry type is expected to grow at the highest CAGR in the Magnetic Separator Market?

    The food & beverages industry segment is expected to grow at the highest CAGR in the magnetic separator market in the coming years.

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