Industrial Mixer Market Forecast and CAGR
According to the latest research by Fact.MR, the industrial mixer market is set to witness steady growth during 2021-2031. In short term, the demand is expected to increase at a steady pace and in the long run sales of these mixers is anticipated to grow at a higher CAGR.
What is Driving Demand for Industrial Mixer?
The industrial mixer is used in a variety of industries for several reasons. These mixers have a large tank or a container to contain all the substance and blades to mix the material. These mixers are used in large scale production industries as these mixers are capable of processing materials at a huge volume.
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As the food & beverage industry is growing across the world, the demand for better and faster industrial mixer is rising. These mixers are used to process and mix a huge amount of food products each day. These mixers are in demand from the food industry because of faster food processing speeds it offers. Further, these mixers are also a cleaner and hygienic method compared to other alternatives.
These mixers are heavily used in the chemical & pharmaceutical industry, for the processing and mixing of different chemicals. As the chemical & pharmaceutical industry is expanding the demand for these mixers will see a huge rise. Compared to the other industries the use of these mixers will grow fastest in the chemical & pharmaceutical industry.
The wastewater treatment plants also needs these mixers for the processing of water wastes. Owing to this fact, these mixers are used in many water treatment plants in the world. As the requirement of these plants is increasing around the world the demand for these mixers will remain steady during the forecast period.
Factors influencing the industrial mixers market
Due to Covid-19, these mixers sales saw a decrease in demand as production were on hold in many countries due to governmentally imposed lockdown and social distancing, but with the ease in lockdown and reopening of almost all industries that needs these mixers will see an increase in sales of these mixers.
These mixers are being used in the chemical & pharmaceutical industry for various products like toxic chemicals, viscosity fluid and other materials. If these materials are mixed by humans instead of these mixers it can lead to health problems. To avoid health issue and to increase the production rate these mixers are increasingly being adopted at an alarming rate.
New industrial mixers introduced in the market that has uses in the construction industry, will drive the sales of these mixers in a positive direction and demand will see steady growth.
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Asia Pacific Industrial Mixer Market Outlook
The Asia Pacific has the biggest market share for the sale of these mixers compared to other regions. The Asia Pacific holds 36% of the global industrial mixer market. The CAGR of these mixers for the future is expected to increase at a steady rate.
China is the biggest country for the sales of these mixers. The sales of these mixers are increasing at a tremendous pace in chemical & pharmaceutical industries around the world. Moreover, the fact that China has one of the world’s largest chemical & pharmaceutical industries, increases the sales of these mixers in the country. The country also has a big food & beverage industry and this also drives the sales of these mixers.
Indonesia, Japan, South Korea and India are few other Asian countries where sales of these mixers are predicted to increase in the forecast period. Additionally, Indonesia has one of the largest waste management system in the world and with the use of these mixers is increasing, the demand for these mixers is expected to increase.
North American, European and rest of the world Industrial Mixer Market Outlook
The demand for these mixers has been on a steady rise in countries like Mexico, the USA, Brazil and others for use in the food & beverage industry. These mixers are heavily used in the meat industry for processing meat. The use of these mixers has increased a lot in the meat industry and with the demand for meat rising across these countries, these mixers will see a rise in demand.
They are seeing a rise in demand for the water & wastewater industry in the Middle East and African countries. As consumer are getting aware of wastewater treatment the sales of these mixers will see a rise in the region.
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Some of the leading manufacturers and suppliers of the market include
- Sulzer LTD
- Silverson Company
- Alfa level Corporate AB
- EKATO Holding
- Kady International
- Charles Ross & Son Co.
- GEA Group
- SPX Flow Inc.
- Xylem Inc
- Others.
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