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Jet Mill Market Size, Share, Analysis and Forecast, 2020–2027 | Global Demand & Future Growth Opportunities
Jet Mill Market
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Moreover, growth in demand from the pharmaceutical industry is one of the major drivers for the jet mill market. Jet mills are often adopted for manufacturing of pharmaceutical drugs and organic & inorganic pigments. Micronizing of drugs through jet mills offer better dissolving capacity in human body, which increases potency of drugs and reduction in dosages. Thus, growth in demand from the pharmaceutical industry is expected to drive growth of jet mill market.
According to a new report published by Allied Market Research, titled, “Jet mill market type and end user industry: global opportunity analysis and industry forecast, 2020–2027,” the global jet mill market size is expected to reach $185.7 million in 2027 from $138.7 million in 2019, growing at a CAGR of 4.9% from 2020 to 2027. In 2019, Asia-Pacific dominated the market, in terms of revenue, accounting for 40.0% share of the jet mill market.
Covid-19 Impact Analysis
The COVID-19 pandemic has negatively affected the jet mill market mainly due to halt in international trade, prolonged lockdowns, and ceased manufacturing processes. In addition, major end-user manufacturing companies located in countries such as the U.S., China, Germany, and the UK are also facing financial impacts due to halted production, which is expected to hinder growth of the jet mill market in 2020.
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Key Market Segments
By Type
Spiral jet mill
Fluidized bed jet mill
Others
By End-User Industry
Chemical
Pharmaceutical
Minerals
Others
By Capacity
Less than 200 kg/h
201 to 1000 kg/h
More than 1000 kg/h
By Region
North America
Europe
Asia-Pacific
LAMEA
Key Players
The major players operating in the jet mill industry include Erich NETZSCH GmbH & Co. Holding KG, Fluid Energy Processing and Equipment Company, Freund, Ltd., Hosokawa Micron Corporation, Kurimoto, Ltd., Promas Engineers Private Limited, Shandong Alpa Powder Technology Co., Ltd., The Jet Pulverizer Company, Inc., Kunshan Unique Machinery Co., Ltd., Midas Microtech Engineering Private Limited.
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Contact:
David Correa
Portland, OR, United States
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help@alliedmarketresearch.com
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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