27 April 2021
The new report the Magnetic Separator Market Report to 2031: Forecasts by Cleaning Type (Manual and Automatic), Industry (Recycling, Mining, Chemical & Pharmaceutical, Paper & Plastics, Food & Beverages, Glass & Textile, and Others), by Region, Country, and Profiles of Leading Companies indicates that the Global Magnetic Separator Market will see $ XX bn in spending in 2020.
The lead analyst of the report said: "The Magnetic Separator Market is about to enter a period of phenomenal growth and innovation. The next ten years will see the upsurge demand of the magnetic separator."
Magnets are a piece of industrial equipment and play an essential role in the recycling and mining industry. Depending upon the different types of magnets such as electromagnets, permanent magnets, and self-cleaning magnet, they can be used in different equipment. Among them, electromagnets are used in the removal of large ferrous pieces from the mineral gangue mixtures. Permanent magnets find application in separating the tramp ferrous particles from the mineral ore. Once the collection of such particles is completed, nonmetallic stainless steel is employed to remove them off the magnets. Such factors are expected to dominate the market's growth in the coming years.
The upward trajectory of the global commodity amounts has also strengthened the mining industry, which further fuel demand for magnetic separators. Moreover, the emergence of advanced magnetic separators with improved functionalities that bring about automatic electromagnets cooling, energy-saving, and up purification capacity that decrease the overall repair and maintenance costs are the main factors promoting the global magnetic separator market. The need for massive expenditure for research and development activities is expected to be a critical challenge.
COVID-19 outburst has highly affected the manufacturing products across the globe. The global manufacturing industry witnesses a high fall in the growth in the production need and halt in operation in the industrial application has resulted in the reduction of sales for magnetic separator in the short term. However, the introduction of COVID-19 vaccines and normalization will further raise the demand for magnetic separator in the global market during the forecast period.
The XX page report contains 97 tables and 203 graphs that add visual analysis to explain developing trends within the magnetic separator market. The report provides $ XX bn forecasts during the forecast period 2021-2031 for the magnetic separator submarkets, namely by cleaning type, i.e., manual and automatic.
The XX page report offers market forecasts and analysis for 24 leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies' chapter covering more than 15 companies leading the field in the magnetic separator.
The global magnetic separator market 2021-2031 report will be of value to anyone who wants to understand better the magnetic separator market and its various segments. It will be useful for businesses who wish to comprehend the part of the market better they are already involved in or those wishing to enter or expand into a different regional or technical aspect of the magnetic separator industry.
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