The worldwide jet mill market reached a valuation of USD 1,230.8 Million in 2022 and it is likely to register a year-on-year (Y-o-Y) growth rate of 5.3% in 2023. The market valuation of jet mills worldwide is slated to grow from USD 1,297.3 Million in 2023 to USD 2,195.1 million at the end of 2033. Furthermore, overall jet mill sales are slated to surge at 5.4% CAGR over the projection period (2023 to 2033).
The term "jet mill" describes a piece of pulverizing machinery used to grind and reduce particles to extremely small sizes. It is used to reduce the particle size of brittle and friable substances like polymers, pharmaceuticals, organic and inorganic pigments, synthetic dyes, alumina, and agrochemicals. High pressure, compressed air, gas, or steam are used in jet mills to create a high-speed collision between the material's particles.
They are frequently used for mixing fine particles and come in spiral and fluidized bed varieties. Jet mills have become ideal tools for milling or micronizing a wide range of products. They offer numerous advantages, including producing very small particle sizes, easy component cleaning, and little to no moving mechanical parts.
Growing usage of jet mills in a variety of industries, including agriculture, chemistry, pharmaceuticals, and food & beverage is a key factor expected to drive the global jet mill industry during the assessment period.
Similarly, the robust growth of pharmaceutical and biotechnology industries along with increasing spending on medications is likely to generate high demand for jet mills during the forecast period. Jet mills are being extensively used during the manufacturing of a variety of pharmaceuticals and pigments.
Jet mills are being used for micronizing drugs to enhance their bioavailability and efficacy. They have become ideal milling solutions to reduce the particle size of numerous drugs which aids ineffective delivery.
Increasing demand for premium cosmetic and skin care products across the world is another factor expected to fuel jet mill sales during the assessment period. Furthermore, widening applications in the food and beverage and mineral industries will bode well for the market.
| Attributes | Key Insights |
|---|---|
| Jet Mill Market Estimated Value (2023) | USD 1,297.3 Million |
| Projected Market Value (2033) | USD 2,195.1 Million |
| Value-based CAGR (2023 to 2033) | 5.4% |
| USA market share of Jet Mill | 32.1% |
As per FMI, the worldwide market for jet mills expanded from USD 1,001.1 Million in 2018 to USD 1,230.8 Million in 2022. The market observed a CAGR of 5.3% during the historical period (2018 to 2022).
However, with a growing end-user preference for jet mills over other traditional grinding solutions, the overall jet mill demand is slated to grow at 5.4% CAGR throughout the assessment period (2023 to 2033).
One of the main reasons influencing the market's expansion is the rising demand for high-end skin care and cosmetic goods among the general public. To give cosmetic items a fine and smooth texture, manufacturers of products crush crystalline and thermal ingredients in jet mills.
Similarly, the pharmaceutical sector's widespread product usage is boosting the market's expansion. To increase the potency and bioavailability of pharmaceutical components, jet mills are often employed for processing pigments and micronizing pharmaceuticals. Accordingly, the market is expanding due to the growing use of fluidized bed jet mills for the vertical and cylindrical milling of hard materials.
Several key factors have been identified by FMI that is likely to aid in the expansion of the global market for jet mills during the assessment period (2023 to 2033). Further, FMI analysts have also analyzed the restraining elements, upcoming threats, and lucrative opportunities that can somehow influence the sales of jet mills.
The drivers, restraints, opportunities, and threats (DROTs) identified are as follows:
DRIVERS
RESTRAINTS
OPPORTUNITIES
THREATS
The usage of alternative milling technologies may hamper the growth in the global market.
Booming Pharmaceutical Industry Propelling Jet Mill Demand in the USA
The jet mill industry in North America is developing rapidly with the US leading at the forefront. This is attributed to the rapid growth of the pharmaceutical industry, advancements in nanotechnology, and the growing adoption of highly efficient grinding technologies.
As per FMI, the worldwide jet mill market receives 32.1% of its total income from the United States. The country’s thriving pharmaceutical industry plays a key role in driving demand for jet mills.
Similarly, the number of companies manufacturing and selling jet mills is increasing every year. The competition among these companies is also increasing. This is leading to a decrease in the prices of jet mills.
The quality of jet mills is also improving. The new models are more efficient and have better performance than the older ones. This is attracting more customers to buy jet mills, which in turn will eventually fuel jet mill sales in the US during the forecast period.
Rising End User Preference Towards Better Grinding Technologies Boosting Market in Europe
There are several reasons for the growing demand for jet mills in Europe. First, the continent has a large manufacturing base that is constantly looking for ways to improve its competitiveness. Second, jet mills offer several advantages over traditional grinding methods, including higher productivity and lower energy consumption.
Third, European countries like Germany and the UK are increasingly investing in research and development activities related to jet mills. This is resulting in the development of new and improved jet milling technologies that are being commercialized by leading companies in the region.
Thanks to these aforementioned factors, Germany holds around 25.1% of the global Jet Mill market, while the UK market is projected to expand at 6.0% CAGR over the projection period.
Rapid Growth of End-Use Industries Fostering Jet Mill Sales Across China and India
The market for jet mills is expanding rapidly in the Asia Pacific. This is due to the increasing demand for jet mills from various industries including chemical, pharmaceuticals, food processing, and cosmetics. Jet mills are also being used increasingly in the manufacturing of nanomaterials.
Asia Pacific is home to some of the world’s largest jet mill manufacturers, such as China, Japan, and South Korea. The market for jet mills is predicted to grow even further in the coming years, due to the increasing demand from countries like China and India. Jet mills are very efficient and provide a high-quality product. They are also easy to operate and maintain.
India and China are the market leaders in the Asia Pacific owing to the rapid expansion of pharmaceutical, chemical, and cosmetics industries in these countries. FMI has predicted CAGRs of 5.9% and 6.1% for the Indian and China markets respectively.
Various Advantages Offered by Fluidized Bed Jet Mills Making Them Highly SoughtAfter Types
Based on type, demand is expected to remain high for fluidized bed jet mills due to their ability to achieve smaller particle sizes and reduce material loss.
A fluidized bed jet mill is a type of mill that uses a fluidized bed to pulverize material. The material is placed in a chamber and then injected with a gas or air stream. The material is then ground by the force of the fluidized bed.
Fluidized bed jet mills are used for a variety of applications, including the grinding of pharmaceuticals, chemicals, and minerals. They can be used to grind both dry and wet materials. The mills are also capable of grinding materials to very fine particle sizes.
Furthermore, these mills possess features like low energy consumption, less pollution, uniform distribution, etc., making them highly sought-after jet mill types.
Pharmaceutical and Chemical Industries to Generate Maximum Revenues Through 2033
Based on application, the pharmaceutical industry, and chemical industry segments together hold the largest share of the global jet mill industry, and the trend is expected to continue over the projection period. This is attributed to the rising usage of jet mills across these target industries coupled with the growing demand for chemicals and pharmaceuticals worldwide.
Jet mills have been used in the pharmaceutical industry for decades and are increasingly being used in the industry as new drugs are developed. These mills work by using high-pressure air to grind particles down to a size that can be easily inhaled.
The mills can be used to create both dry and wet powders, which makes them versatile for use in different manufacturing processes. Jet mills are also very efficient, meaning that they use less energy and produce less waste than other types of grinding machines.
The jet mill market is highly competitive with the presence of several large and small vendors. Key manufacturers of jet mills are focused on expanding their product portfolios and geographical footprints to gain a larger share of the market.
Fluid Energy Group, Hosokawa Micron, Sturtevant, British Rema, and Continental Biomass Industries are some of the leading players in this market space. These companies hold a significant share of the jet mill industry due to their strong product portfolio and brand recognition.
Recent Developments:
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 1,297.3 Million |
| Projected Market Size (2033) | USD 2,195.1 Million |
| Anticipated Growth Rate (2023 to 2033) | 5.4% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Regions Covered | North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA); RoW |
| Key Countries Covered | The USA, Canada, Mexico, Germany, The UK, France, Russia, Brazil, Argentina, Japan, Australia, China, India, Indonesia, South Korea |
| Key Segments Covered | Type, Capacity, Application, Sales Channel, Region |
| Key Companies Profiled | Fluid Energy Group; Midas Microtech Engineering Private Limited; Hosokawa Micron; Sturtevant; British Rema; Continental Biomass Industries; FREUND Corporation; Erich NETZSCH GmbH & Co.; Loesche GmbH; Kunshan Unique Machinery Co. Ltd.; Kurimoto Ltd.; The Jet Pulverizer Co. Inc.; Tecnologia Meccanica; Promas Engineers Private Limited |
| Report Coverage | DROT Analysis, Market Forecast, Company Share Analysis, Market Dynamics and Challenges, Competitive Landscape, and Strategic Growth Initiatives |
The global jet mill market size is expected to reach a valuation of USD 1,297.3 Million in 2023.
Jet mills demand is anticipated to increase at 5.4% CAGR between 2023 and 2033.
The global jet mill industry is projected to surpass a valuation of USD 2,195.1 Million by the end of 2033.
The US holds around 32.1% of the total market share which is valued at around USD 416.4 Million.
The US, Canada, Mexico, Argentina, Brazil, Germany, the UK, France, Italy, Russia, Spain, China, Japan, India, Indonesia, South Korea, and Australia are the major countries driving demand for jet mills.
Germany accounts for around 25.1% of the total market share in the global market which values at USD 325.6 Million.
Fluid Energy Group, Hosokawa Micron, Sturtevant, British Rema, and Continental Biomass Industries are the top 5 market players in the jet mill industry.
Japan holds approximately 5.2% of the total market share in the global industry.
The overall market for jet mills in India is poised to grow at 5.9% CAGR between 2023 and 2033.
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