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Magnetic Separators - Market Analysis & Opportunity Assessment, 2014 - 2020

Oct 16, 2014 | Chemicals & Materials | FMI

Magnetic separation is a technique widely used across industries to separate ferromagnetic materials such as nails, metal chips, rust, welding burrs, and other magnetic materials from the industrial raw materials. Magnetic separators are also used for processing non-metallic minerals and rare earth elements. Different types of magnetic separators include grid, drum, pulley, plate, eddy current, tubular, pole type, and high-speed drum-type separators. Application of theaforementioned types depends upon industry and end-use.

Magnetic separators are used for separation of steel materials and recovery of iron particles in the steel and mining industry. It is also used for treatment of scrap and collection of flux in the machining and process industry, for removal of iron from raw materials in the food and beveragesand paper industry, for recovering iron and ferromagnetic materials from waste or processed fluids in the chemical industry, and for removal of iron castings in foundries. Other forms of separation include wet type and dry type, where suspensions are removed from dry bulk and sludge respectively. Selection of magnetic separators depend on water content in bulk, grain size of raw material, raw material temperature, average ratio of magnetic material substances, volume of bulk handled, and other process characteristics.

Growing concerns towards safe disposal of waste, recycling of materials, extensive use of metals across all industry verticals and industrial sectors, wide scope of applications, and rapid industrialization across the globe are some of the chief drivers leading to growth of this market. The magnetic separators market is expected to witness firm double-digit growth of between 10% and 15% in emerging economies across the globe. Some players in the marketplace include Kantec USA Corp., Magma Magnetic Technologies, Allgaier Process Technology, Metso Group, and other industrial equipment manufacturers.