Global Magnetic Separator Market likely to total US$ 2.2 billion by 2033, rising at a 5% CAGR | Future Market Insights, Inc.

Future Market Insights, Inc. ESOMAR certified market research and consulting firm, now offers a report on the global magnetic separator market, which is expected to reach $2.104 billion by 2033, driven by increasing demand for recycled materials due to energy conservation concerns.

NEWARK, Del, Oct. 18, 2023 /PRNewswire/ --  The magnetic separator market is expected to reach US$ 1.35 billion by 2023. Between 2023 and 2033, the market is expected to reach US$ 2.2 billion. A CAGR of 5% is anticipated during the forecast above period. Consumption patterns may change in favor of sustainable and eco-friendly products, potentially affecting demand for magnetic separators. Industry investments may promote the management of resources and more responsible manufacturing.

The sample PDF summary is available here to get an overview of the comprehensive research report.

New applications for magnetic separators are being discovered in niche industries. Various medical applications, such as diagnostic tests and targeted drug delivery systems, can use them to separate magnetic particles. With recent advances in magnet technology, commercially valuable cryocooler-cooled magnetic materials with exceptional operating properties have been developed. The demand for these separations in the market is expected to rise as oil production and discovery activities increase. Due to increasing government initiatives to encourage recycling for economic and environmental benefits, the magnetic separator market is expected to grow significantly during the forecast period. 

Magnetic separators in ceramics, glass, and textiles require consistent and uniform product quality. Magnetic impurities can affect the finished product's look, strength, and durability. Operators can identify problems and optimize separator performance with real-time monitoring and advanced control systems. Mining and mineral processing industries rely heavily on magnetic separators to perform their jobs. Researchers are continually exploring new materials, magnet designs, and separation techniques that may lead to groundbreaking advances in magnetic separation.

Key Takeaways from the Market Study

• According to estimates, the magnetic separator industry will generate US$ 1.7 billion by 2033
• Recycling industries are expected to dominate the market through 2033.
• Growing demand for dry magnetic separators in the food and beverage industries is expected to boost the market.
• Between 2023 and 2033, magnetic separators are expected to record a 5% growth rate.
• Self-cleaning magnetic separators are expected to gain popularity as automation becomes more prevalent.

Magnetic Separator Market Research Report Coverage:

"Automation and the integration of new technologies into magnetic separators will drive demand for magnetic separators in the future. As environmental concerns grow and sustainable materials become more popular, this market will likely expand," Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Competitive Landscape

Players in the magnet separator market concentrate on building strategic partnerships, developing new products, and launching them. The manufacturer also invests heavily in developing new products to launch advanced materials and increase its market share.

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• In March 2023, Goudsmit Unveils a 10,000-Gauss Rotary Magnet Separator. Magnetic separators were developed as a result of a lot of customer requests. This system can capture iron particles and AISI304 and AISI316 particles from cocoa and milk powder as small as 30 m.
• In August 2023, the environmental material management company EMM Ltd (EMM Ltd) specialized in providing waste material consulting services and contract material processing. With the help of a Terex® Ecotec TMS 320 Metal Separator, Celsa Recycling, Europe's leading circular and low-emission steel manufacturer, has increased metal recovery capacity.

Know More about What the Magnetic Separator Market Report Covers

Future Market Insights offers an unbiased analysis of the global magnetic separator market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the magnetic separator market, the market is segmented based on product, intensity, material type, cleaning type, and end-use industry type across seven major regions. 

Get the detailed research methodology of this report, including the data collection and analysis methods used, from here!

About the Industrial Automation Team at Future Market Insights

The industrial automation team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and one million data points, the team has analyzed the industry lucidly in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.

About the Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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