Magnetic Separator Market Report

Key Emerging Trends in Magnetic Separator

The global magnetic separator market is estimated to grow from USD 725 million in 2020 to USD 928 million by 2025, at a CAGR of 5.1%. The implementation of stringent rules and regulations pertaining to quality in the food & beverage industry is one of the key factors driving the growth of the magnetic separator market. Expansion and urbanization in developing countries also act as the major drivers for the growth of the magnetic separator market. Technological advancements in magnetic separation technology and the waste management sector are expected to propel the demand for magnetic separators during the forecast period.

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The advent of superconducting magnet technology has greatly extended the potential range of applications of magnetic separators. Permanent magnet-based separators are still widely used in a variety of industries and are very effective at their intended purpose. However, the limited magnetic field and field gradient that they can produce restrict the range of their application in the extraction and concentration of relatively strong magnetic materials. As superconducting magnet-based separators are capable of producing very high magnetic fields, they are specifically used in mining and food & beverage industries to remove extremely small ferrous contaminants from materials. Superconducting magnet-based separators offer numerous advantages over permanent magnet-based separators, such as low energy consumption, highly stable magnetic fields, and low space requirements. The recent developments in the superconducting magnet technology allow construction of reliable magnet systems for superconducting magnetic separation that can produce magnetic fields exceeding 5 Tesla. These high magnetic fields will be of significant help in capturing and removing extremely small metal contaminants from products. Owing to such advantages along with low power consumption, players operating in the magnetic separator market may look to manufacture superconducting magnet-based separators to tap into opportunities in the market.

The magnetic separator market for standalone magnetic separators is expected to grow at a significant rate from 2020 to 2025. Standalone magnetic separators have seen increasing adoption in the magnetic separator ecosystem in the past three years, and a similar trend is expected to be observed during the forecast period. Standalone magnetic separators mainly include bars & rods, plates, pulleys, and grates. Designing such magnetic separators is much easier than the equipment type of separators; these are also cost-effective and convenient to use. Hence, players operating in the market may consider providing standalone magnetic separators to earn more revenue and strengthen their position in the magnetic separator market.

The automatic cleaning type of magnetic separators market is expected to grow at a higher CAGR during the forecast period. An increasing demand for automatic magnetic separators has been witnessed in recent times. Automatic magnetic separators offer various benefits over manual separators. Self-cleaning of magnets reduces friction, wear & tear of magnets, resulting in longer life and reduced downtime for repairs and cleaning, making it an economical method of cleaning. Continuous self-cleaning ensures clean product flow, reduces contamination risks, and increases product purity/safety. It also protects critical processing equipment against damage caused by the entry of metal. Automatic magnetic separators also maintain safety at workplace by reducing the risks of workplace health and safety (WHS) issues faced during cleaning. Hence, investing in the development of automatic magnetic separators can help market players to broaden their revenue stream during the forecast period.

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The magnetic separator market for food & beverage industry is expected to grow at the highest CAGR during 2020–2025. This growth can be attributed to the stringent rules and regulations framed by various regulating bodies such as Food & Drug Administration (FDA) and European Food Safety Authority (EFSA) pertaining to the production of food products in the food & beverage industry along with the equipment used in the facilities. Hence, magnetic separators are vital in the food & beverage industry as they help in removing ferrous contaminants from food products, which, if consumed, can adversely affect health. Owing to the rise in food consumption due to the growing population, along with framing of new rules and regulations by food authorities (such as Food Safety Modernization Act) to enhance the quality of products, the demand for magnetic separators from the food & beverage industry is expected to grow significantly during the forecast period.