Report Ocean published a new report on the 'Global Magnetic Separator Market'. The research report consists of thorough information about demand, growth, opportunities, challenges, and restraints. In addition, it delivers an in-depth analysis of the structure and possibility of global and regional industries.
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Global Magnetic separator Market is valued approximately at USD 692.67 Million in 2019 and is anticipated to grow with a healthy growth rate of more than 5.10% over the forecast period 2020-2027.
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A Magnetic separator is an industrial equipment that generates a powerful magnetic flux by attracting the magnetic particles such as impurities and ferrous minerals. The magnetic separators play an important role in mining & metal industries to separate the mixtures of minerals from impurities by drowning ferrous particles with the help of magnet. Hence, the rapid growth in mining & metals industry across the globe is the key factor driving the growth of market over the forecast years. For instance: According to the United States Geological Survey (USGS), the United States mines produced minerals worth USD 84.3 Million in the year 2018 which rose to USD 86.3 Million in the year 2019.
Also, India holds ample presence of mineral deposits. India was the 3rd largest producer of coal in the year 2018 as the production of coal accounted for around 688.8 million tons and was the 2nd largest crude steel producer withholding an output of about 106.5 million tons in the year 2018 on the global scenario. In addition, increasing recycling rates across the globe is the factor propelling the growth of market over the forecast years. However, manufacturing of low-quality magnetic separators in developing economies is hampering the growth of market.
The regional analysis of global Magnetic separator Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing recycling rates in the region. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as increasing use of superconducting magnets in magnetic separator would create lucrative growth prospects for the Magnetic separator Market across Asia-Pacific region.
Major market player included in this report are: Eriez Metso Nippon Magnetics GouDSMit Magnetics Bunting Magnetics Eclipse Magnetics Industrial Magnetics K.W. Supply Magneetsystemen Multotec Innovative Magnetic Technologies
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Product Products of key players.
The detailed segments and sub-segment of the market are explained below:
By Product: Magnetic drum separator Magnetic roller separator Over band/ cross belt separator Magnetic Pulley separator Coolant separator
By Intensity: Low intensity High intensity High Gradient
By Material type: Wet type Dry type
By Cleaning type: Self-cleaning Manual cleaning
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By End-use Industries: Recycling Processing Integrity Metal & Mineral mining
By Region: North America U.S. Canada Europe UK Germany France Spain Italy ROE
Asia Pacific China India Japan Australia South Korea RoAPAC Latin America Brazil Mexico Rest of the World
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This report answers the following key questions:
With regard to the COVID-19 Outbreak Impact Analysis:
Examined in the study are:
What is the key information extracted from the report?
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