Magnetic Separator: A Powerful Tool for Mining Extraction
Magnetic separators market continues to witness significant gains owing to growing usage as an effective tool to separate unwanted material generated by mining extraction process. Growing rate of mining extraction process, coupled with increasing requirement of maintaining the purity of extracted material is driving the demand for magnetic separators in metal and mineral mining industry.
Magnetic Separator Market - Key Research Findings
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Global magnetic separator market size in 2018 – nearly US$ 1150 Mn.
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The magnetic separator market is expected to grow at a CAGR nearly 4% over 2019-2029.
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East Asia and Europe are expected to remain prominent regional markets in the magnetic separator market.
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East Asia and Europe are the prominent regions in the magnetic separator market, owing to the presence of several industries in these regions that mandate the use of efficient separation equipment at all connections to prevent metallic contamination.
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India and Australia are most lucrative countries in the magnetic separator market.
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By region, the magnetic separator market is segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. The South Asia region is expected to grow at a significant CAGR in the global magnetic separator market, owing to the robust growth being witnessed in the several end-use industries. In terms of value share, the East Asia market is projected to dominate throughout the forecast period and is projected to create substantial absolute $ opportunity between 2019 and 2029 in the global magnetic separator market.
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The magnetic roller separator segment is expected to remain the most preferred product type segment after magnetic drum separator segment in the global magnetic separator
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The growth of magnetic roller separator segment can be primarily attributed to the increasing popularity of the segment over the magnetic drum separator segment. Roller type, pulley type, and other new technologies are gaining significant traction among customers.
Top 3 Factors Shaping the Magnetic Separator Market
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Recycled Metal Usage in the Manufacturing Industry is expected to Drive the Demand for Magnetic Separators
Magnetic separators are a vital part of the metal recycling industry. Metal recycling is the process of collecting and processing used metals to develop recycled metals. Metals can be recycled without altering their metallic properties, which comes as an advantage. The prominent reason for the usage of recycled metal is less energy consumption. Energy consumption for producing virgin ore is 20 times more than the recycled ore.
Moreover, metal recycling has advantages such as environmental benefits, energy conversion efficiency, and economic benefits. The manufacturing industry is more inclined towards using recycled metals as raw materials, owing to benefits such as effective cost and energy consumption rate. For recycled metal production, collection of metals from the waste is a crucial part, which is sorted with magnetic separators. The increased use of recycled metals in the manufacturing industry results in increasing usage of magnetic separators.
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Increasing Demand for High Purity Metals and Removal of Unwanted Particles is expected to Drive the Magnetic Separator Market
In the mining industry, bulk materials extracted from the mine are required to be reformed into the required size. Mining crushers are utilized for crushing the bulk material into the required material size. In the crushing process, tramp metal might damage the processing equipment such as crushers. This damage is estimated to impact the operational life and the maintenance cost of the equipment.
To avoid damage to the processing equipment from the tramp, magnetic separators are installed before the processing equipment to remove unwanted materials from the extraction mixture. Increasing usage of process equipment in the mining industry is anticipated to positively affect the utilization of magnetic separators.
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Surging Construction Projects to Propel the Growth of the Magnetic Separator Market over the Forecast Period
Magnetic separators find significant applications in the cement industry to separate unwanted metallic particles from raw materials or processed cement. Increasing construction projects particularly, in developed countries is expected to fuel the growth of cement industries, subsequently increasing the demand for magnetic separators.
Magnetic Separator Market Structure Analysis
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The global magnetic separator market is a fragmented market with prominent global players accounting for less than one fifth of the total market share.
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Some of the prominent companies in the magnetic separator market includes Metso Corporation, Outotec Oyj, Eriez Manufacturing Co, Noritake Co., Limited, SLon Magnetic Separator Ltd., KANETEC CO.,LTD., LONGi Magnet Co., Ltd, Shandong Huate Magnet Technology Co., Ltd, Nippon Magnetics, Inc., Douglas Manufacturing Co., Inc., A AND A MAGNETICS, INC and others.
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Most key players are maintaining the strategic focus on the development of distribution partnerships and agreements for global market expansion.
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Some of the top manufacturers who contribute a high revenue share to the magnetic separator market are Metso Corporation, Eriez Manufacturing Co, SLon Magnetic Separator Ltd., and LONGi Magnet Co., Ltd.
Market Set to Grow 1.4X between 2019 and 2029
The magnetic separator market is envisaged to grow at a steady pace during the forecast period. Gains will be driven by growing adoption of magnetic separators as a viable instrument for the filtration and removal of ferromagnetic foreign bodies from product streams that ensure high product quality and prevent damage to machines. Increasing development of magnetic separators to maintain energy consumption level is likely to drive market growth.
East Asia Leads the Way in Magnetic Separator Market
East Asia will continue to spearhead magnetic separators market during the forecast period, owing to positive outlook for various end-use industries, such as metal and mineral mining, food and beverage, and recycling in the region. Growing rate of adaption of technological advancement in the region has been generating increased demand for magnetic separators. South Asia holds high growth potential for magnetic separators market, owing to substantial growth in several processing industries in India and ASEAN.
The Broader Perspective
Increasing demand for a high performance separation equipment, coupled with the growing focus of manufacturers on business expansion via establishing new distribution centers and sales offices to extend geographic presence likely to scale up the market value considerably. Growing application of magnetic separator in recycling facilities holds lucrative growth opportunities for stakeholders.
Magnetic Drum Separator remains the top selling category in magnetic separator market.
Magnetic Overband/Cross Belt Separator is anticipated to grow at a high rate.
Magnetic Drum Separator is expected to witness slow growth.
Metal & Mineral Mining remains the top end user with over 45% of the revenue share.
Demand from theRecycling sector to grow at a fast rate.
How Growth will Unfold
The magnetic separator market is likely to scale new highs in years to come, due to the growing demand for high-gradient and high-intensity magnetic separators to treat ultrafine magnetic particles.
Low Intensity | High Intensity | High Gradient
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Magnetic Separator Market: Global Industry Analysis 2014-2018, and Opportunity Assessment 2019-2029
A recent market study published by FMI “Magnetic Separator Market: Global Industry Analysis 2014-2018, and Forecast 2019-2029” offers a comprehensive assessment of important market dynamics. After conducting thorough research on the historical and current growth parameters of the magnetic separator market, the growth prospects of the market are obtained with maximum precision.
Magnetic Separator Market Taxonomy
The global magnetic separator market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
By Product
- Magnetic Drum Separator
- Magnetic Roller Separator
- Over band/Cross Belt Separator
- Magnetic Pulley Separator
- Coolant Separator
By Intensity
- Low Intensity
- High Intensity
- High Gradient
By Material Type
- Wet Type
- Dry Type
By Cleaning Type
- Self-Cleaning
- Manual Cleaning
By End-Use Industry
- Recycling
- Processing Industries
- Metal & Mineral Mining
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
What's Included
The report commences with the executive summary of the magnetic separator market, which includes a summary of key findings and key statistics of the market. It also includes the market value (US$ million) estimates of prominent segments in the magnetic separator market.
Readers can find detailed taxonomy and definition of the magnetic separator market in this chapter, which will help readers understand the basic information about the magnetic separator market. This section also highlights inclusions and exclusions, which help the reader understand the scope of the magnetic separator market report.
The report provides key market trends that are expected to impact market growth significantly during the forecast period. Detailed industry trends are provided in this section, along with key market developments and product innovations.
This section explains the global market value analysis and forecast for the magnetic separator market during 2014-2029. This chapter includes detailed analysis of the historical magnetic separator market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019 – 2020), and an incremental opportunity for the forecast period (2019 – 2029).
This section highlights the average price of magnetic separators on the basis of intensity type in different regions across the globe. The pricing benchmark for manufacturer level pricing and distributor level pricing is analysed in this section.
This section explains the global market volume analysis and forecast for the magnetic separator market during the forecast period of 2019-2029.
This chapter explains key macro-economic factors that are expected to influence the growth of the magnetic separator market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the magnetic separator market. This chapter also highlights the key market dynamics of the magnetic separator market, which include drivers, restraints, and trends. Moreover, readers will understand key trends followed by prominent manufacturers in the magnetic separator market. Furthermore, the section also includes an overview for key forecast factors considered in the market and the global value chain overview.
Based on the product type, the global magnetic separator market is segmented into five types of magnetic separators as magnetic drum separators, magnetic roller separators, over band/cross belt separators, magnetic pulley separators, and coolant separators. In this chapter, readers can find information about key trends and developments in the magnetic separator market and market attractiveness analysis based on the product type.
Based on the intensity type, the global magnetic separator market is segmented into three types of magnetic separators such as low intensity, high intensity, and high gradient. In this chapter, readers can find information about key trends and developments in the magnetic separator market and market attractiveness analysis based on the intensity type.
Based on the material type, the global magnetic separator market is segmented into two types of magnetic separators such as wet type and dry type. In this chapter, readers can find information on key trends and developments in the magnetic separator market and market attractiveness analysis based on the material type.
Based on the cleaning type, the global magnetic separator market is segmented into two types of magnetic separators such as self-cleaning and manual cleaning separators. In this chapter, readers can find information on key trends and developments in the magnetic separator market and market attractiveness analysis based on the cleaning type.
This chapter provides details about the magnetic separator market on the basis of end-use industry, and has been classified into recycling, processing industries, and metal & mineral mining. In this chapter, readers can understand the market attractive analysis based on end-use industry.
This chapter explains how the magnetic separator market will grow across several geographic regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America magnetic separator market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in North America.
Readers can find detailed information about several factors such as the pricing analysis and regional trends, which are impacting the growth of the Latin America magnetic separator market. This chapter also includes the growth prospects of the magnetic separator market in the prominent LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the magnetic separator market based on its end users in several countries such as Germany, the UK, France, Spain, Italy, Russia, and the Rest of Europe are included in this chapter.
India and ASEAN countries are prominent in the South Asia region and prime subjects of assessment to obtain the growth prospects of the South Asia magnetic separator market in this chapter. Readers can find detailed information about the growth parameters of the South Asia magnetic separator market during the forecast period of 2019-2029.
This chapter highlights the growth of the magnetic separator market in the East Asia by focusing on China, Japan, and South Korea. This section also helps readers understand key factors that are responsible for the growth of the magnetic separator market in East Asia.
In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania magnetic separator market.
This chapter provides information about how the magnetic separator market will grow in major countries in the MEA region such as GCC Countries, South Africa, Turkey, and the rest of MEA during the forecast period 2019 - 2029.
In this chapter, readers can find a detailed information about the tier analysis and market concentration of key players in the magnetic separator market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the magnetic separator market with detailed information of each company such as the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Metso Corporation, Outotec Oyj, Eriez Manufacturing Co, Noritake Co., Limited, SLon Magnetic Separator Ltd., KANETEC CO., LTD., LONGi Magnet Co., Ltd, Shandong Huate Magnet Technology Co., Ltd, Nippon Magnetics, Inc., Douglas Manufacturing Co., Inc., A AND A MAGNETICS, INC, among others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the magnetic separator report.
This chapter helps readers understand the research methodology followed to obtain various conclusions and important qualitative and quantitative information about the magnetic separator market.
How the research was conducted?
Primary Research
Primary research interview with key opinion leaders and other participants were conducted for data collection and validation of the below information:
- Prevalence of magnetic separator
- High prevalence by end-use industry
- Adoption of magnetic separator in recycling industries
- Average selling price (US$) and market growth
- Key developments
- Key trends and opportunities
- Regional-wise dynamics
- Market share information
- Key brands
- competition & key vendor strategies
- Information regarding material type
Secondary Research
- Quarterly financial statements
- 10-K & 10-Q filings
- Factiva
- Morning star
- Zawya etc., along with the company websites and other published financial sources including local newspapers and magazines to determine company-wise earnings
- Corporate press release specification sheet, price list catalogs, financial disclosures provided sales, products and product related information
- Publication from trade organizations, associations, and governments, along with ITC trade database and regional / local paid databases
- Article from target industry experts, and industry stakeholders, press information and data released by exhibitions conducted by associations etc.
Primary Interview Splits
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