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According to the Future Market Insights, the global jet mill market is set to cross a value of US$ 2,195.1 Mn in 2033. Overall jet mill sales are poised to accelerate at a CAGR of 5.4% between 2023 and 2033.
Rising application across diverse industries such as pharmaceutical, chemical, cosmetics, food & beverage, and mineral is a key factor driving demand for jet mills in the market.
Jet mills are advanced milling machinery that uses a high speed jet of compressed air or inert gas to grind and reduce particles to extremely small sizes. These mills have no moving parts, thereby eliminating contamination of particles. They are preferred over other milling technologies due to their ability to produce both fine and ultrafine particles.
Jet mills are mostly used in manufacturing of drugs, chemicals, pigments, agrochemicals, abrasive materials, etc. Thus, rising demand for these products will continue to foster sales of jet mills during the forecast period.
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Another factor spurring growth in the global jet mill industry is the rising demand for high-end skincare and cosmetic goods among the general public. Manufacturers of cosmetics are increasingly adopting jet mills to give cosmetic items a fine and smooth texture.
Regionally, North America will hold the largest share of the global jet mill market during the forecast period owing to the robust growth of pharmaceutical and chemical industries, strong presence of leading jet mill manufacturers, and availability of low-cost products. However, Asia Pacific is likely to emerge as the most lucrative market for jet mills over the next ten years.
Key Takeaways from the Jet Mill Market Study:
Who is Winning?
Key players dominating the global jet mill market include Fluid Energy Group, Hosokawa Micron, Sturtevant, British Rema, and Continental Biomass Industries. These leading jet mill manufacturers and suppliers are focused on expanding their product portfolios and geographical footprints to gain a larger share of the market.
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Get Valuable Insights into Jet Mill Market
FMI, in its new offering, provides an unbiased analysis of the Jet Mill equipment market presenting historical demand data (2018-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for Jet Mill market based on Type (Spiral, Fluidized Bed), Capacity (Less than 200 kg/h, 201 to 1000 kg/h, More than 1000 kg/h), Application (Pharmaceutical Industry, Chemical Industry, Mineral Industry, Food & Beverage Industry), and Sales Channel (Online, Offline), across several regions.
About the Food & Beverage Division at Future Market Insights
Expert analysis, actionable insights, and strategic recommendations – the Food & Beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
Segmentation of Jet Mill Industry
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Frequently Asked Questions
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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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The post Global Jet Mill Market is Projected to Cross a Valuation of US$ 2,195.1 Million by the end of 2033 | FMI appeared first on Future Market Insights.