Magnetic Separator Market

Magnetic Separator Market Outlook—2022-2029

[335 pages Report] The global magnetic separator market is estimated to reach US$ 1.3 Bn in 2022. Increasing use of magnetic separators to remove unwanted particles during the metal recycling processes across diverse industries is propelling the demand in the market. Driven by this, the market valuation is set to reach US$ 1.7 Bn in 2029.

Sales in the global magnetic separator market are projected to rise at a CAGR of 3.8% over the forecast period 2022-2029. Future Market Insights (FMI) estimates that East Asia will hold a dominant share in the market, accounting for nearly 22.5% of the total magnetic separators sales in 2022.

2014-2021 Magnetic Separator Market Outlook in Comparison to 2022-2029 Growth Forecast

Sales of magnetic separators totaled US$ 1.3 Bn in 2021, growing at a 2.9% CAGR between 2014 and 2021, as per FMI.

Magnetic separators are a type of sorting and separation equipment, mainly used for segregating magnetic and non-magnetic minerals from the mixture such as the removal of ferrous and metallic materials from mined slurry using a magnetic force.

With growing emphasis on recycling minerals, magnetic separators are extensively finding applications across metal & mineral mining, steel, foundry, cement, water & wastewater treatment, and other industries.

In addition to this, with rising concern regarding environmental conservation and increasing demand for high purity materials, the market is estimated to expand at a CAGR of 3.8% during the forecast period 2022-2029.

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Will Growing Inclination Towards Recycled Material Fuel Sales?

Governments in several countries are increasingly undertaking initiatives to promote the use of recycled materials for economic benefits, energy conversion efficiency, and environmental advantages, which in turn, is propelling the demand in the market.

Magnetic separators play a significant role in the metal recycling industry for collecting metals from waste and processing used metals to develop recycled metals. Hence, increasing demand for recycled metals across the manufacturing sector, owing to their low cost is accelerating the sales of magnetic separators in the market.

Also, the production of virgin ores needs 20 times more energy as compared to the production of recycled ore. Thus, growing concerns regarding energy conservation are expected to bolster the consumption of recycled materials, which is expected to boost sales of magnetic separators over the forecast period.

Country-wise Analysis

Why are Sales of Magnetic Separators Rising in the U.K.?

“Implementation of Stringent Regulations across the Food & Beverage Industry to Elevate the Growth in the U.K. Magnetic Separators Market”

Increasing incidence of metallic contamination in food and beverage products is underscoring the need for enhanced food safety across the country. Hence, regulatory bodies such as the European Food Safety Authority (EFSA) have implemented stringent rules and regulations pertaining to the production of food & beverage products along with the equipment used in the facilities.

These regulations are encouraging food & beverages industry players to adopt equipment such as magnetic separators to remove ferrous and metallic contaminants from the products. Increasing adoption of magnetic separators is expected to drive the market in the U.K. FMI estimates the Europe magnetic separators market to hold nearly 18.4% of the total market share in 2022.

Why is the India Magnetic Separators Market Witnessing High Demand? 

“Increasing Metal Production to Boost the Sales in India”

The government of India is increasingly focusing on boosting the production of metals such as iron, copper, steel, and others by undertaking numerous initiatives. For instance, as per the India Brand Equity Foundation (IBEF), the Indian Government announced that it has reduced the import duty on copper scrap from 5% to 2.5% in 2021 to boost the production and recycling of copper in the country.

Magnetic separators are extensively used in the metal processing and recycling sectors for separating metals from non-metals and collecting metals from waste. Hence, increasing production of metals in the country is anticipated to create lucrative opportunities in the India market. As per FMI, the South Asia magnetic separators market is projected to account for 8.1% of the overall sales in 2022.

What is Driving the China Magnetic Separators Market?

“Surging Construction Projects to Augment Growth in the China Magnetic Separators Market”

China is projected to emerge as a highly remunerative market over the assessment period. As per FMI, the East Asia magnetic separators market is projected to hold around 22.5% of the total value share in 2022.

The expansion of the building & construction sector in China, owing to increasing government investment and growing emphasis on the development of green buildings is favoring the growth in the cement industry.

Magnetic separators are finding applications across the cement processing industry for sorting and separating unwanted metallic particles from processed cement or raw materials. This is expected to drive sales in the China market over the assessment period. 

Category-wise Insights

Why is the Demand for Pulley Separators Rising?

“Growing Pulley Separators Application within Food & Beverage Industry to Elevate Sales”

As per FMI, the pulley separators segment is projected to remain highly remunerative, growing at a 4% CAGR through 2029. Increasing applications across the food & beverage industry for preventing metallic contamination is bolstering the sales in the segment.

However, FMI estimates that the magnetic roller separators segment is estimated to account for a significant share in the global market. Rapid development of novel magnetic roller separators with integrated infrared technologies are expected to favor the growth in the segment.

Why are High-intensity Magnetic Separators Gaining Popularity?

“High Intensity Segment to Register Rapid Growth with Expanding Metal & Mining Sector” 

Based on intensity type, the magnetic separators market is segmented into low intensity, high intensity, and high gradient. The high-intensity segment will hold a substantial share in the global market, estimates FMI.

Increasing use of high-intensity magnetic separators within the metal and mining sector for separating heavy metal as well as ultra-fine ferrous materials is accelerating the sales in the segment.

Why is Dry Type Magnetic Separator Considered Highly Sought After?

“More Than 2/3rd of the Revenue Share to be Accounted by Dry Type Magnetic Separator”

As per Future Market Insights, the dry type segment is anticipated to dominate the global market over the assessment period. Primary factors favoring the growth in the segment are the introduction of novel separators, increasing availability, and low cost compared to wet type magnetic separators.

Why are Self-cleaning Magnetic Separators the Most Preferred?

“Self-cleaning Separators to Outrank the Manual Cleaning Magnetic Separators”

The global magnetic separator market is segmented into self-cleaning and manual in terms of cleaning type. The self-cleaning magnetic separator segment is projected to hold the maximum share in the market, accounting for around 2/3rd of the total sales through 2022 and beyond. Efficient cleaning and convenience associated with the self-cleaning separators are the factor favoring the growth in the segment.

Why is the Recycling Industry Dominating the Magnetic Separators Market?

“Increasing Government Concerns Regarding Recycling to Bolster Magnetic Separator Sales in the Recycling Industry”

With rising concerning regarding environmental sustainability, governments worldwide are extensively focusing on recycling of scrap metals, waste, water, and others.

As filtering and sorting equipment such as magnetic separators are increasingly being used in the recycling process and treatment of ultrafine magnetic particles, growing recycling activities across the globe will boost sales in this segment.

Competitive Landscape

Leading players in the global magnetic separator market are emphasizing on research and development activities for introducing novel products to enhance their product portfolio and gain competitive edge. For instance,

In March 2018, Galaxy Sivtek, a leading manufacturer of equipment for qualitative assortment of Industrial Screening, announced launching a new magnetic belt separator to eliminate the metallic and ferrous particles from the product. This has assisted the company increase their market share across food & beverage sector. 

Scope of the Report

Magnetic Separator Market by Category

Product:

• Magnetic Drum Separator
• Magnetic Roller Separator
• Over band/Cross Belt Separator
• Magnetic Pulley Separator
• Coolant Separator

Intensity:

• Low Intensity
• High Intensity
• High Gradient

Material Type:

• Wet Type
• Dry Type

Cleaning Type:

• Self-Cleaning
• Manual Cleaning

End-Use Industry:

• Recycling
• Processing Industries
• Metal & Mineral Mining

Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East& Africa