Future Growth of Separation Machinery Market 2024 Global Analysis By Key Players - Ferrum AG, ANDRITZ, GEA Group, SWECO, Russell Finex, Mitsubishi Kakoki Kaisha, Ltd., CECO Environmental, Alfa Laval Corporate AB

The industrial and manufacturing sectors have consistently been on the lookout for new separation technologies, propelling separation machinery market, the expansion of which has been highly remarkable since the last few years. The last decade or so has witnessed an exceptional growth in core industry verticals, given that separation processes are crucial for the petroleum refining, material processing, and chemical sectors. While separation in essence merely involves the usage of techniques that are deployed to separate two different states of matter, the terminology holds a lot of prominence in industry verticals, since it refers to various functions and processes for different industries. Separation techniques, though heavily prevalent in chemical and petrochemical sectors, are now also in offbeat verticals such as the forest products industry, where separation techniques are deployed to separate various sized wood chips and convert black liquor to be reused. The application spectrum of separation machinery market also spans metal casting, glass, and steel and aluminum industries, where separation technology is prominently used to separate sand, cullet, and scrap. Separation Machinery Market will surpass USD 100 billion by 2024; according to a new research report.

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Industrial processing segment is likely to generate higher demand for separation machinery for the significant profitability from past few years. According to ICCA (The International Council of Chemical Associations) in 2012 the global chemical industry turnover was over USD 3492.90 billion. Further according to a report by government of India, the chemical export from India had increased from 9.3% in 2003-2008 to 10.6% in 2015-16. Such trend reflects strong growth aspects for separation machinery particularly in industrial processing. Moreover, chemical manufacturing companies use separation equipment to treat wastewater and optimize energy usage thus encouraging to focus on sustainable development. Few chemical companies are largely investing in innovative solutions which is positively influencing the market. For instance, Kanoria Chemicals & Industries Limited (KCI) established waste to wealth program at its plant located in India with the objective to recover chemically effluent water.

Industrial centrifugal products are on high demand owing to increase in industrialization in Asia Pacific region. For instance, Indian government had initiated Make In India program for industrial development, the program had attracted foreign direct investment of over USD 70 billion by the end of 2017. Similarly, government of China had revised their foreign investment cataloged, which has increased their foreign direct investment in industrial sector stimulating economic growth. Thus, industrial revolution in Asia Pacific will drive separation equipment demand.

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Industrial processing segment held close to 25% market share in 2017 and is likely to witness growth on account of growing oil consumption per year. For instance, in India oil consumption have been growing by 4.1% per year according to Indian Chamber of Commerce. Water & wastewater segment has been witnessing significant growth in recent years with a strengthening government support for cleaner water consumption.

In 2017, North America held maximum market share in global separation machinery market, the region has been witnessing tremendous growth over the years owing to high demand for hydrocarbons. Further, Asia Pacific is likely to propel with a CAGR of 4.5% owing to industrial revolution and social economic factors.

The leading global companies of separation equipment market include ANDRITZ, Russell Finex, SWECO, GEA Group, Alfa Laval Corporate, etc. There are several other small and medium scale companies operating the market which hold significant market share of global separation machinery market.

Table of Content:

Chapter 1. Methodology And Scope

Chapter 2. Executive Summary

Chapter 3. Separation Machinery Market Industry Insights

Chapter 4. Separation Machinery Market, Product By Application

Chapter 5. Separation Machinery Market, By Application

Chapter 6. Separation machinery Market, By Region

Chapter 7. Company Profiles

Outer scope of this report The OIT (Office of Industrial Technology) of the U.S. DOE (Department of Energy) has cast the industries of aluminum, forest products, chemical, agriculture, mining, steel, metal casting, glass, and petroleum refining under the tag of ‘Industries of the Future’ (IOF). Several IOF sectors have recognized separation technologies to be a vital area of research, on the grounds of which the Panel on Separation Technology for Industrial Recycling & Reuse had been set up to recognize the requirements of these IOF industries and recommend subjects of high priority areas for OIT research programs. Driven by the contribution of such regulatory bodies, global separation machinery market is likely to gain traction in the years to come.

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