Market Overview:
The global suspension magnetic separators market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for separation of ferromagnetic particles from non-ferrous materials in various industries such as mining, quarrying, aggregate, steelworks and others. In addition, the growing awareness about health and safety issues has led to an increase in the use of suspension magnetic separators for removal of tramp iron from material flow streams.
Product Definition:
A suspension magnetic separator is a device that uses a magnetic field to separate ferrous materials from non-ferrous materials. The importance of suspension magnetic separators is that they can be used to remove small amounts of metal contamination from a product, which can improve the quality and safety of the product.
Electro:
Electro is the alternate term for electricity. It can be defined as the flow of electric charge. Electrolysis is a chemical process that happens when a battery is used to generate electrical energy. In this process, an electrolyte (a solution containing salts) allows ions to pass between its electrodes in an electric field and provides power when activated by the switch.
Permanent:
Permanent is a new technology that has been developed to overcome the limitations of conventional magnetic separators. Permanent magnetic separators have no moving parts and hence are more efficient in terms of energy consumption, maintenance cost and operational life.
The key application areas where permanent magnet technology is expected to be used include refining, petroleum & chemical industries, power generation industries and environmental protection agencies among others.
Application Insights:
Mining was the largest application segment in 2016 and accounted for a market share of over 40% by revenue. The global demand has witnessed a paradigm shift due to the growing requirement of separating metallic from non-metallic minerals such as silica, ferrous oxides, and phosphorous. Suspension magnetic separators are widely used in open-pit & underground mines across the globe owing to their ability to provide efficient mineral processing solutions at lower costs.
The quarrying industry is expected to be one of the fastest growing application sectors over the forecast period owing to increasing stone production activities worldwide coupled with rising demand for construction materials like granite, limestone & marble. Over reliance on groundhog Day quarries rather than modern methods such as jetting has resulted in high operating costs along with environmental degradation issues which will act as key driving factors for growth during future phases of development within this sector.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of mines, which require continuous operations for extraction of minerals. This requires installation of various equipment, such as magnetic separators for efficient operation of mining machines. Thus, increasing demand from Asia Pacific is anticipated to drive growth over the forecast period.
Europe was estimated at USD X million in 2017 and is projected to expand at a CAGR exceeding 6% during the forecast years on account rising demand from steel production sector due to growing industrialization across countries including Germany, Italy and Russia among others. In addition, rising investments by companies including Siemens AG; Clariant International Ltd.; Evonik Industries AG; BASF SE; Bayer AG among others are expected to propel industry expansion over next eight years or so till 2030 AD (Year-on-Bond).
Growth Factors:
- Increasing demand for processed food: The global population is growing at a rapid pace and the demand for processed food is increasing along with it. This is driving the need for efficient separation technologies such as suspension magnetic separators, which can help in removing contaminants and other impurities from food products.
- Growing awareness about hygiene and safety: Consumers are becoming more aware of the importance of hygiene and safety when it comes to their food intake. This is driving the demand for better quality foods that are free from contaminants and other impurities. Suspension magnetic separators can play an important role in achieving this goal by helping to remove harmful particles from foods.
- Rising concerns about environmental pollution: One of the biggest challenges facing humanity today is environmental pollution, which has a number of negative consequences on human health as well as on ecosystems around the world. A number of industries contribute to this problem, including the mining industry, which often uses harmful chemicals and processes that can contaminate water supplies and soil quality .Suspension magnetic separators offer a greener alternative to traditional separation methods, making them an increasingly popular choice among environmentally-conscious consumers .
Scope Of The Report
Report Attributes
Report Details
Report Title
Suspension Magnetic Separators Market Research Report
By Type
Electro, Permanent
By Application
Mining, Quarrying, Aggregate, Steelworks, Others
By Companies
STEINERT, Goudsmit Magnetics, Bunting Magnetics, Eriez, MSI, IMI, Elektromag, IFE Aufbereitungstechnik, Dura Magnetics, A＆A Magnetics, Walker Magnetics, Ohio Magnetics, Remcon, Master Magnets, Malvern Engineering, Shanghai FENITH Heavy Mining Machinery
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Suspension Magnetic Separators Market Report Segments:
The global Suspension Magnetic Separators market is segmented on the basis of:
Types
Electro, Permanent
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Mining, Quarrying, Aggregate, Steelworks, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- STEINERT
- Goudsmit Magnetics
- Bunting Magnetics
- Eriez
- MSI
- IMI
- Elektromag
- IFE Aufbereitungstechnik
- Dura Magnetics
- A＆A Magnetics
- Walker Magnetics
- Ohio Magnetics
- Remcon
- Master Magnets
- Malvern Engineering
- Shanghai FENITH Heavy Mining Machinery
Highlights of The Suspension Magnetic Separators Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electro
- Permanent
- By Application:
- Mining
- Quarrying
- Aggregate
- Steelworks
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Suspension Magnetic Separators Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Suspension magnetic separators are used in the separation of ferrous and non-ferrous metals. They use a strong magnet to suspend the metal particles in a fluid, which allows them to be easily separated.
Some of the major players in the suspension magnetic separators market are STEINERT, Goudsmit Magnetics, Bunting Magnetics, Eriez, MSI, IMI, Elektromag, IFE Aufbereitungstechnik, Dura Magnetics, A＆A Magnetics, Walker Magnetics, Ohio Magnetics, Remcon, Master Magnets, Malvern Engineering, Shanghai FENITH Heavy Mining Machinery.
The suspension magnetic separators market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Suspension Magnetic Separators Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Suspension Magnetic Separators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Suspension Magnetic Separators Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Suspension Magnetic Separators Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Suspension Magnetic Separators Market Size & Forecast, 2020-2028
4.5.1 Suspension Magnetic Separators Market Size and Y-o-Y Growth
4.5.2 Suspension Magnetic Separators Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electro
5.2.2 Permanent
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Mining
6.2.2 Quarrying
6.2.3 Aggregate
6.2.4 Steelworks
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Suspension Magnetic Separators Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Suspension Magnetic Separators Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electro
9.6.2 Permanent
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Mining
9.10.2 Quarrying
9.10.3 Aggregate
9.10.4 Steelworks
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electro
10.6.2 Permanent
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Mining
10.10.2 Quarrying
10.10.3 Aggregate
10.10.4 Steelworks
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electro
11.6.2 Permanent
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Mining
11.10.2 Quarrying
11.10.3 Aggregate
11.10.4 Steelworks
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electro
12.6.2 Permanent
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Mining
12.10.2 Quarrying
12.10.3 Aggregate
12.10.4 Steelworks
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electro
13.6.2 Permanent
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Mining
13.10.2 Quarrying
13.10.3 Aggregate
13.10.4 Steelworks
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Suspension Magnetic Separators Market: Competitive Dashboard
14.2 Global Suspension Magnetic Separators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 STEINERT
14.3.2 Goudsmit Magnetics
14.3.3 Bunting Magnetics
14.3.4 Eriez
14.3.5 MSI
14.3.6 IMI
14.3.7 Elektromag
14.3.8 IFE Aufbereitungstechnik
14.3.9 Dura Magnetics
14.3.10 A＆A Magnetics
14.3.11 Walker Magnetics
14.3.12 Ohio Magnetics
14.3.13 Remcon
14.3.14 Master Magnets
14.3.15 Malvern Engineering
14.3.16 Shanghai FENITH Heavy Mining Machinery
