Market Analysis
The global powder processing equipment market will touch USD 22.65 billion at a 6.47% CAGR between 2023- 2030, states the recent Market Research Future (MRFR) analysis. Powder processing equipment, simply put, is the equipment used to crush or powder substances. It has applications in food and beverage, material, metal, pharmaceutical, cosmetic, chemical, and others.
Various factors are propelling the global powder processing equipment market share. According to the recent MRFR report, such factors include growing demand for dairy products, rising GDP, improved standard of living, growing adoption of automation, the rising development in production technology, rising demand from end user industries, and domestic demand for ready meals, spices, tea, coffee, and bakery products.
On the contrary, the current COVID-19 outbreak may limit the global powder processing equipment market growth over the forecast period.
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Industry News:
In August 2020, Shell Catalysts and Technologies (SC&T) announced that the company has successfully completed its expansion plan for Port Allen, Louisiana plant in the US, where they have doubled the capacity to produce precipitated alumina powder. Under the SC&T strategy, the Port Allen Precipitated Alumina (PAPA) plant capacity expansion project is expected to put in efforts to meet growth demands in various residue and gasoil hydroprocessing markets.
It will allow the PAPA plant to ensure a hike in the powder supply to its world-scale catalyst plant in Port Allen. Moreover, this PAPA plant will help supply powder to various other Shell catalyst plants across the world.
In July 2020, a leading Tier one metal additive manufacturer, known for its support to the Aerospace, Defense, & Space industry, Sintavia, LLC, announced the acquisition of Q20+ electron beam printer from GE Additive. This will help the company in percolating various sectors and expand its market reach.
However, these procedures are still getting stifled a bit by the COVID-19 crisis that has affected the global market in several ways by disrupting supply, production, and demand.
Key Players
Key contenders profiled in the global powder processing equipment market report include
Kemutec
Charles Ross & Son Company
Classifier Milling Systems
Powder Systems Corporation
British Rema
Powder Process-Solutions
Sanovo Technology Group
Hänsel Processing GmbH
Dongsun Powder Processing Equipment Co., Ltd
Sollich UK Ltd
Bepex International LLC
Syntegon Technology GmbH
Hosokawa Micron Corporation
Baker Perkins Limited.
Regional Analysis
By region, the global powder processing equipment market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), & the Rest of the World (RoW). Of these, the APAC region will lead the market over the forecast period. Rise in foreign direct investments in the manufacturing industry, developing manufacturing base, booming end-use industries like construction, food and beverage, and pharmaceutical, increasing production in China, advances in the manufacturing facility, and burgeoning demand for processing equipment in various industries are adding to the global powder processing equipment market growth in the region. Additional factors adding market growth include favorable economic growth in China, growth in the processing and manufacturing industry, booming food and pharmaceutical industries, rising consumption of processed food and a surge in demand for tablet processing equipment.
In North America, the global powder processing equipment market is predicted to have healthy growth over the forecast period. The presence of the world’s two largest mining countries, Canada and the US, rise in exploration activities, growing demand for base and precious metals, booming mining and construction industry, growing food and beverage industry, rapid advances in the healthcare and medical industry, and need for energy-efficient manufacturing techniques. Additional factors fuelling market growth entails the growing need for high production volume in less time, increasing installation in the metal, pharmaceutical, chemical, and food industries, and the presence of key manufacturers are adding to the global powder processing equipment market growth in the region. Canada and the United States hold the utmost share in the market for the growing adoption in manufacturing plants.
In Europe, the global powder processing equipment market is predicted to have sound growth over the forecast period. The focus of the EFFRA to develop and implement innovative production technologies for different industries, growing demand for pharmaceutical and food and beverage products in France and Germany, and the burgeoning demand for powder processing equipment in the manufacturing plants are adding to the global powder processing equipment market growth in the region.
In the Rest of the World, the global powder processing equipment market is predicted to have steady growth over the forecast period.
Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global powder processing equipment market based on end use and technology.
By technology, the global powder processing equipment market is segmented into compaction/punches drying and cooling, sintering, dies, mixing and blending, and others. Of these, the mixing and blending segment will lead the market over the forecast period for its wide use in manufacturing and processing facilities to mix minerals, household products, plastics, chemicals, pharmaceuticals, and mix foods.
By end use, the global powder processing equipment market is segmented into food and beverage, material, metal, pharmaceutical, cosmetic, chemical, and others. Of these, the food and beverage segment will dominate the market over the forecast period for its wide applications to manufacture and process gelatin, infant formula, food colorants, flavors, confectioneries, dairy, cocoa, and others.
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