Powder Processing Equipment Market 2021: COVID-19 Impact Analysis, Cost, Produc
Posted by Komal Boudhh on January 22nd, 2021
Global Powder Processing Equipment Market is expected to be valued at USD 22.65 Billion by 2025, with a CAGR of 6.47% during the forecast period (2019–2025).
The report covers segmentation and drivers for a better glimpse of the market in the coming years. Powder processing equipment are used for processing of dry powders, semi-solid substances, and solid shapes for the purpose of their mixing & blending, drying & cooling, sintering, compaction & punching. Some of the industries that use the equipment include chemicals, cosmetics, feed, food & beverages, metals, minerals, nuclear, and pharmaceuticals among others.
Some of the key industry participants of the global powder processing equipment market are Baker Perkins Limited, Hosokawa Micron Corporation, Syntegon Technology GmbH, Bepex International LLC, Sollich UK Ltd, Dongsun Powder Processing Equipment Co., Ltd, Hänsel Processing GmbH, Sanovo Technology Group, Powder Process-Solutions, British Rema, Powder Systems Corporation, Classifier Milling Systems, Charles Ross & Son Company, and Kemutec.
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Geographic analysis of the global powder processing equipment market spans across North America, Asia-Pacific, Europe and Rest of World Europe.
Asia-Pacific accounts for the largest share in the global powder processing equipment market. The rise in the industrial hubs coupled with growing FDI in all major manufacturing and construction sectors in major emerging economies, such as China, India, and South-East Asian countries, is expected to raise the demand for powder processing equipment in manufacturing sectors during the forecast period. Emerging economies are focusing on various foreign developers who intend to set up their businesses through FDI incentive schemes. This will indirectly boost the economy of the countries by enhancing industrialization and driving the growth of the manufacturing sector. For example,Greenfield FDI inflows to Asia-Pacific in 2016 was USD 395 billion, which was an increase by 11.7% from the previous year. Furthermore, these countries have evolved and restructured their manufacturing policies and procedures to attract investments and enable growth. Industrialization will certainly boost the powder processing processes to ease operations and improve the efficiency of production.
Construction, food & beverage, and pharmaceutical sectors have had major contributions in the global powder processing equipment market. Economic development across major countries is usually attributed to the significant industrial growth, which is due to the rise in demand from the end users. Moreover, China, Japan, and India along with South-East Asian countries are anticipated to witness high growth due to the rapid expansion in the manufacturing base and the increasing investment in powder processing equipment.
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