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Powder Processing Equipment Market Ongoing Trends
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Overview:
The powder processing equipment market is all set to profit from the rising cases of automation and impact from the end user industries. Market Research Future (MRFR) believes that the market will show 6.47% CAGR during the forecast period of 2019 to 2025. Dynamics like the rising inclusion of the market in the food and beverage segment, will bolster the global market growth. Other end user industries and top-class infrastructure are also going to assist the market in recording proper growth. Automation is also expected to inspire significant uptake of such tools, which will be good for the market.
Segmentation:
The global market review of the powder processing equipment has been segmented by analysts on the basis of technology and end use. These two segments have insights that can take the market forward for a better analysis.
By technology, the review of the global powder processing equipment market includes a proper study of drying and cooling, mixing and blending, compaction/punches and dies, sintering, and others. The mixing and blending segment had the largest market share in 2018. Rising food & beverage and pharmaceutical industries have the scope to trigger growth for mixing and blending powder processing equipment.
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By end use, the report on the global powder processing equipment market has been segmented into pharmaceutical, cosmetic, metal, chemical, material, food & beverage, and others. The food & beverage segment had a high chance of maintaining its market dominance in the coming years. It had the largest market share in 2018. The food & beverage industry has a varied use of these pieces of equipment in segments like collagen peptides, production and processing of cocoa, flavors, meat proteins, confectionaries, dairy, gelatin, infant formula, food colorants, instant soup, insects, and others.
Regional Analysis:
Asia Pacific is the leading market as the market is benefiting from the rising instances of foreign direct investment of FDI. China has the largest market share and is getting backed by manufacturing industries whose accumulated worth is USD 3.59 trillion.
Competitive Analysis:
Baker Perkins Limited, Hosokawa Micron Corporation, Hänsel Processing GmbH, Syntegon Technology GmbH, Sanovo Technology Group, Sollich UK Ltd, Dongsun Powder Processing Equipment Co., Ltd, British Rema, Classifier Milling Systems, Powder Process-Solutions, Bepex International LLC, Charles Ross & Son Company, Guilin Hongcheng Mining Equipment Manufacture Co., Ltd, Powder Systems Corporation, and Kemutec are some of the established names that are influencing the global powder processing equipment market outcomes.
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.
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