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.
The key players are taking steps toward market development and the expansion of the business and the customer base. The global players may strengthen their presence worldwide through acquisitions during the forecast period. It has also been forecast that advancements in the global economic scenario and the growing powder processing equipment industry in emerging economies would drive market growth, making it an ideal time for players to increase their global market shares and launch new products.
Hosokawa Micron Corporation focuses on the expansion of business operations with an increase in investment in product development. It aims to enhance its profit ratio through sustainable and environment-friendly products. It targets to expand across resources, energy, and material industries to increase the customer base in the global market. It also focuses on investing in the development of field instruments and machines to meet the standards of the energy industry and further enhance its operations in the international markets by strengthening the manufacturing facilities and sales offices.
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The global market for powder processing equipment is segmented by technology and end use. Based on technology, the global powder processing equipment market comprises of mixing and blending, dies, sintering, compaction/punches drying and cooling, and others. The mixing and blending segment register the significant market share in 2018. The mixers and blenders refer to bulk processing equipment intended to blend heterogeneous materials for formation of homogeneous end-product. The equipment’s are used in processing and manufacturing facilities to mix foods, pharmaceuticals, chemicals, plastics, household products, and minerals. The mixing equipment ensures ease of discharge with low amount of residue, reduced damage to the powder particles and mixing with low energy consumption. proliferating food & beverage and pharmaceutical industry is supporting the growth for mixing and blending powder processing equipment.
The drying and cooling powder processing equipment effectively reduces the moisture level of powders, pastes, slurries, and liquids. The two major types of drying and cooling equipment include batch drying and cooling and continuous drying and cooling. The key characteristics affecting the drying and cooling powder processing equipment include the quality, size, shape requirements and the moisture content of the final dried product taken into consideration, along with the production environment, permitted construction materials, and energy consumption. The increasing demand for drying and cooling powder processing equipment from the pharmaceutical industry is expected to drive the demand for the drying and cooling powder processing equipment during the forecast period.
Based on end use, the global powder processing equipment market consists of chemical, cosmetic, pharmaceutical, metal, material, food & beverage, and others. The food & beverage segment witnessed the largest share in 2018. The powder processing equipment finds applications in food & beverage sector for manufacturing and processing of cocoa, dairy, confectionaries, flavors, food colorants, infant formula, gelatin, and others. The powder processing equipment used in material segment primarily include rubber, ceramics, and plastic materials. The powder processing technologies used for the ceramic production and processing include mixing, drying, classifying, and wet grinding equipment to achieve finesse and high purity. The ceramics processing equipment are designed and manufactured by considering the risk of iron contamination with various linings dependent on material characteristics. The rubber end-use segment uses the blending powder processing technologies for shredding bales of natural and synthetic rubber to facilitate blending with other ingredients or dissolving to improve rubber producing and processing and the quality of the end products.
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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.
In 2018, Europe accounted for considerable share in the global powder processing equipment market. The European Factories of the Future Research Association (EFFRA) has been focusing on developing and implementing innovative production technologies for various industries. In Germany and France, the growing demand for food & beverage and pharmaceutical products and the rising demand for powder processing equipment in manufacturing plants are further expected to add to the market growth.
In the UK and Italy, the demand for energy-efficient production technologies, the high demand for quality equipment in manufacturing plants, and the increasing degree of powder processing equipment adoption further boost the market growth. Furthermore, the growing demand for dairy products, improving standard of living, and the rising gross domestic product (GDP) are some of the factors increasing the demand for manufactured/consumer goods, which is expected to lead to the increased adoption of powder processing equipment in the region. Such factors are expected to drive the growth of the powder processing equipment market in Europe during the forecast period.
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