Powder Processing Equipment Market To Flourish At A CAGR Of 6.47% By 2030
According to the research reports by MRFR, the global market for powder processing equipment market is anticipated to thrive considerably during the review timeframe from 2022 to 2030 at a healthy growth rate of approximately 6.47%. The report anticipates the market to attain a valuation of around USD 6.47 billion by the end of 2027.
The global market for powder processing equipment has demonstrated a massive expansion in recent times, given the aspects such as the growing reception of computerization, an expansion sought after from end-client enterprises, and developing advancement underway innovation.
Competitive Analysis
The catalog for the leading participants across the global market for powder processing equipment includes players such as Kemutec, Guilin Hongcheng Mining Equipment Manufacture Co., Ltd, Hosokawa Micron Corporation, Charles Ross & Son Company, Baker Perkins Limited, Powder Systems Corporation, British Rema, Syntegon Technology GmbH, Classifier Milling Systems, Powder Process-Solutions, Dongsun Powder Processing Equipment Co., Ltd, Hänsel Processing GmbH, Bepex International LLC, Sanovo Technology Group, and Sollich UK Ltd among several others.
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Segment Analysis
The global market for powder processing equipment has been segregated into a number of segments based on end-use, technology, and region.
Based on the technology, the global market for powder processing equipment is divided into compaction/punches and dies, mixing & blending, sintering, drying & cooling, and others.
Based on the end-user, the global market for powder processing equipment is split into metal, chemical, material, food & beverage, cosmetic, pharmaceutical, and others.
Regional Analysis
The global market for powder processing equipment is analyzed across five major regions: Europe, Asia-Pacific, Latin America, North America, and the Middle East & Africa.
According to the analysis reports by MRFR, the Asia-Pacific region is predicted to ensure the top spot across the global market for powder processing equipment over the review era. The region consists of nations such as India, Japan, China, and the rest of Asia-Pacific. The region is developing and dominating the market for powder processing equipment mainly because of the rise in foreign direct investments in manufacturing industries across the region. Furthermore, the expanding manufacturing base is also believed to boost-up the growth of the regional market over the review era.
The increasing end-use industries such as construction, food & beverage, and pharmaceutical are also likely to catalyze the regional market’s growth over the coming years. China contributed the largest market share because of the increased production, the increasing demand for processing equipment in industries, and development of manufacturing facilities. The Chinese economy is experiencing massive development in recent times, given the processing and manufacturing industries, which is also likely to influence the growth of the regional market over the coming years. India, Japan, and other regions have accounted for considerable development in the powder processing equipment market. Furthermore, factors such as the increasing demand for tablet processing equipment and the increased consumption of processed food will likely enhance the regional market’s performance.
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The North American regional market for powder processing equipment is anticipated to show considerable development over the review era owing mainly to the fact that the region is known to be the home to two of the world’s largest mining countries, Canada and the US. Furthermore, the factors such as the high demand for precious and base metals and an increase in exploration activities across the region are also believed to be the prime parameters boosting the growth of the regional market over the review era. Moreover, the rise in demand for energy-efficient manufacturing techniques, the growing food & beverage industry, increasing demand for high production volume, and rapid development of the medical & healthcare industry are also likely to influence the growth of the regional market over the coming years.
Recent Developments
- November 2022- The maker of ultrafast professional and industrial polymer 3D printers, Nexa3D and DyeMansion, has disclosed a strategic partnership to drive automation and integration of Nexa3D’s powder bed fusion workflow – from printing to finished parts.
Table of Content
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 16
1.2 GLOBAL POWDER PROCESSING EQUIPMENT MARKET, BY TECHNOLOGY 17
1.3 GLOBAL POWDER PROCESSING EQUIPMENT MARKET, BY End Use 18
2 MARKET INTRODUCTION
2.1 DEFINITION 19
2.2 SCOPE OF STUDY 19
2.3 MARKET STRUCTURE 20
2.4 KEY BUYING CRITERIA 21
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 22
3.2 PRIMARY RESEARCH 23
3.3 SECONDARY RESEARCH 24
3.4 MARKET SIZE ESTIMATION 25
3.5 TOP DOWN & BOTTOM Up APPROACH 25
3.6 FORECAST MODEL 26
3.7 LIST OF ASSUMPTIONS 27
4 MARKET INSIGHTS
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