The global magnetic separator market is expected to grow from USD 725 million in 2020 to USD 928 million by 2025, at a CAGR of 5.1%. One of the major driving factors for the magnetic separator market is the increase in recycling rates across the world. Also, due to the stringent rules and regulations pertaining to quality in the food & beverages industry, the demand for magnetic separators is increasing.
Based on standalone magnet type, magnetic separator market for magnetic pulleys to grow at highest CAGR during forecast period
The magnetic separator market for magnetic pulleys is expected to grow at the highest CAGR during the forecast period. Magnetic pulleys are used as head pulleys for conveyor belts. These pulleys can be built into an existing conveyor belt system as a head. With the increase in the application areas of magnetic separators, companies are developing new ways to use magnetic pulleys for efficient separation in industries such as mining and recycling. This is expected to increase the demand for magnetic pulleys during the forecast period.
Based on industry, recycling industry to hold significant share from 2020 to 2025
Magnetic separators are used for various processes in the recycling industry, such as glass recycling, scrap material recycling, PET flakes recycling, plastic recycling, rubber recycling, municipal solid waste recycling, and e-waste recycling. Owing to an increase in the waste produced by countries across the world, the need for recycling is ever increasing.
The recycling industry is picking up in countries such as the US and Canada, as China has implemented the National Sword Policy, which puts restrictions on the waste being imported by the country. These developments are expected to provide stimulus to the recycling industry across the world and propel the demand for magnetic separators.
Market in APAC to grow at significant CAGR during forecast period
The magnetic separator market in APAC is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the significantly growing mining industry in the region, led by China. China is the world’s largest producer of coal, gold, iron ore, and most rare earth minerals. It is also the world's leading consumer of most mining products. This has provided a major boost to the mining industry in the country and the overall APAC region. Also, South Korea stands third in the list of countries having the best recycling rates, only behind Germany and Austria. According to a 2019 report by the European Environmental Agency (EEA), the country recycles ~54% of its municipal and household waste. The South Korean government is aiming to increase this recycling rate further, which is expected to propel the demand for magnetic separators in the recycling industry.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the magnetic separator market space. The break-up of primary participants for the report has been shown below:
- By Company Type: Tier 1 – 45%, Tier 2 – 30%, and Tier 3 – 25%
- By Designation: C-level Executives – 40%, Directors – 35%, and Others – 25%
- By Region: North America – 45%, APAC – 30%, Europe – 15%, and RoW – 10%
The report profiles key players in the magnetic separator market with their respective market ranking analysis. Prominent players profiled in this report are Eriez (US), Goudsmit Magnetics (Netherlands), Industrial Magnetics (US), Eclipse Magnetics (UK), Nippon Magnetics (Japan), Metso (Finland), Bunting Magnetics (US), Multotec (South Africa), K.W. Supply Magneetsystemen (Netherlands), STEINERT (Germany), LONGi Magnet (China), Kanetec (Japan), Sollau (Czech Republic), Shandong Huate Magnet Technology (China), Malvern Engineering (South Africa), Jupiter Magnetics (India), Permanent Magnets (India), Magnetic Products (US), Innovative Magnetic Technologies (Canada), and Weifang GUOTE Mining Equipment (China).
The study includes an in-depth competitive analysis of these key players in the magnetic separator market, with their business overview, recent developments, and key market strategies for leaders.
Research Coverage:
This research report categorizes the global magnetic separator market by type, magnet type, material type, cleaning type, industry, and geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the magnetic separator market and forecasts the same until 2025. Also, the report consists of the market ranking analysis of the key players operating in the magnetic separator market.
Key Benefits of Buying the Report
The report would help leaders/new entrants in this market in the following ways:
- This report segments the magnetic separator market comprehensively and provides the closest market size projection for all subsegments across different regions.
- The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.
- This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes market ranking analysis of major players, product launches, partnerships, collaborations, joint ventures, expansions, agreements & contracts, and acquisitions.
Table of Contents
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Companies Mentioned
- Eriez
- Metso
- STEINERT
- Nippon Magnetics
- GouDSMit Magnetics
- Bunting Magnetics
- Eclipse Magnetics
- Industrial Magnetics
- K.W. Supply Magneetsystemen
- Multotec
- Innovative Magnetic Technologies
- Jupiter Magnetics
- Kanetec
- Longi Magnet
- Magnetic Products
- Malvern Engineering
- Permanent Magnets
- Shandong Huate Magnet Technology
- Slon Magnetic Separator
- Sollau
- Weifang Guote Mining Equipment
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 169 |
| Published | February 2020 |
| Forecast Period | 2020 - 2025 |
| Estimated Market Value ( USD | $ 725 million |
| Forecasted Market Value ( USD | $ 928 million |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 21 |
