Press release
Industrial Agitator Market - Creating new Opportunities in the Market
Industrial agitators primarily serve the purpose of homogenization, dispersion, dissolution and suspension of raw materials of different viscosity and different volume.
The global industrial agitator market is segmented by regions into North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW). The growth of industrial agitator market is attributed to the rapid industrialization in emerging economies such as India, China and Brazil.
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Growth in industries such as chemical, pharmaceutical and water and wastewater treatment among others is expected to surge the demand for industrial agitators during the forecast period. Furthermore, need for application specific customized industrial agitators are anticipated to drive the growth of industrial agitators market in future.
Industrial agitator serves the purpose of mixing two or more materials in various proportions and also of different viscosity to attain a desired level of uniformity in end products.
Industrial agitators primarily serves various mixing application needs in manufacturing industries including chemical, oil, gas and petrochemical, pharmaceutical and food and beverages among others. Water and wastewater treatment industries also make use of industrial agitators for the purpose of cleansing water by removing various pollutants such as sulfur in water.
The growth of industrial agitators market is attributed to the rapid industrialization in developing economies primarily including China, Brazil and India. Growing number of industries in these regions is expected to surge manufacturing activities, which in turn is boosting the demand for industrial agitators. North America and Europe contributed maximum market share of industrial agitators, however growth in these regions are stagnant or have reached to a stage of maturity.
Asia Pacific and RoW have better growth potential during the forecast period due to the rise in GDP and favorable government policies to boost manufacturing industries in these regions. The major opportunities of global industrial agitators market lies in the increasing need for customization of industrial agitators specific to end use application. Application specific customization of industrial agitators and refurbishment or replacement of traditional agitators is creating new opportunities in the market.
Top entry industrial agitator covers most of the homogenization or mixing needs of customers and has a long service life. Due to this factor top entry industrial agitators finds application in various industries primarily including chemical, water and wastewater treatment and oil, gas and petrochemical among others. In 2014, top entry industrial agitators contributed the maximum market share in terms of revenue.
Chemical, water and wastewater treatment and oil, gas and petrochemical are major application segments of the global industrial agitator market. Complex agitation requirements in chemical industries and demand for efficient industrial agitators in water and wastewater treatment and oil, gas and petrochemical industries is driving the market growth.
Additionally, demand for customized industrial agitators to suite various mixing application need from industries is further boosting the growth of industrial agitator market during the forecast period.
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