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Overview of the magnetic separation equipment market

Technavio’s market research analysts predict that the magnetic separation equipment market will witness steady growth at a CAGR of around 3% over the forecast period. The increasing application so of magnetic separation in the recycling industry is anticipated to be one of the major factors driving this market’s growth. Magnetic separators ensure a high rate of recovery of the valuable components in waste leading to their increased adoption in the recycling process. The implementation of initiatives such as the goal of zero landfills is lending a dynamic nature to the recycling industry, which will boost this market’s growth over the coming years.

According to the market research report, one of the trends gaining popularity in the market is the shifting of mining activities to emerging economies. The majority of mining companies are increasingly focusing on emerging economies in Africa, Latin America, and APAC such as China and India to carry out exploration and mining activities. Emerging economies have large mineral reserves, which acts as the primary reason for the shift of mining activities from developed countries to these destinations, which, will, in turn, propel this market’s growth prospects during the predicted period.

Competitive landscape and key vendors

The global magnetic separation equipment market is highly fragmented and competitive in nature owing to the presence of several well-established players. The vendors focus on the appropriate selection of raw materials for specific applications and limiting unnecessary manufacturing processes.

 Key vendors in this market are -

• Dings Magnetic Group
• Eclipse Magnetics
• Eriez Manufacturing
• Metso

Other prominent vendors in the market are ANDRITZ, Bakker Magnetics, BGRIMM-MAT, BLS Magnet, Buhler Group, Bunting Magnetics, FLSmidth, Goudsmit Magnetics, IPES International, Master Magnets, Multotec, Outotec, STEINERT, and ThyssenKrupp.\

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Segmentation by application and analysis of the magnetic separation equipment market

• Mining and aggregates
• Light industries
• Recycling, water, and wastewater

During 2016, the mining and aggregates segment led the global magnetic separation equipment market and will continue to lead the market in the coming years. The separation of unwanted material generated in the mineral and metal extraction process from the valuable material is one of the extreme challenges faced by the mining industry. Magnetic separation equipment represents one of the most efficient ways of separating these materials, which is anticipated to lead to their augmented adoption.

Geographical segmentation and analysis of the magnetic separation equipment market

• Americas
• APAC
• EMEA

In terms of geography, the APAC region dominated the magnetic separation equipment market during 2016 and will continue to lead over the coming years. The magnetic separation equipment market in APAC is primarily driven by the Chinese mining industry despite the economic slowdown in China. An increased need for mined products from industries such as steel, construction, agriculture, chemicals, and electrical utilities is the driving factor for the market's growth in the region.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global magnetic separation equipment market?
• What are the key market trends impacting the growth of the global magnetic separation equipment market?
• What are the challenges to market growth?
• Who are the key vendors in the global magnetic separation equipment market?
• What are the market opportunities and threats faced by the vendors in the global magnetic separation equipment market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global magnetic separation equipment market?

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