Air Density Separator Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Air Density Separator Market
The global air density separator market size was valued at USD 1.19 billion in 2022 and is projected to grow from USD 1.24 billion in 2023 to USD 1.71 billion by 2030, exhibiting a CAGR of 4.7% during the forecast period of 2023-2030.
The COVID-19 outbreak has negatively affected the air density market, especially when traveling by air and other related activities. Consequently, there is a low demand for the measurement of air density with associated sensors and monitoring equipment, affecting the air density separator market growth.
Several factors have influenced the air density separator market, hence the need for effective and efficient sorting of gases, especially in industries such as oil and gas, power sector, and chemical industries.
The air density separator market is slowly developing, mainly due to a focus on recycling and waste treatment. In the current world, and due to increased stringency in the laws that govern the environmental management industries, they have been forced to change for better waste management techniques, impeding a global rise in air density separator market share. Air density separators are essential since they help sort light and heavy wastes to facilitate the recycling of Resources.
Comprehensive Analysis of Air Density Separator Market
The air density separator market is segmented into five categories: Recycling and waste processing, chemical, food and beverages, minerals and mining, and Agriculture. Recycle and waste processing: The recycling and waste processing segment is forecasted to lead the market because of the rising practice of recycling waste products globally. The food and beverages sector will come as the second largest market share due to the necessity of an efficient separation solution.
The European region led the air density separator market by benefitting a size of USD 350 million in 2022 due to the increasing demand for air density separators across various industries.
The leading air density separator market players significantly influence its growth trajectory and set industry standards. These key players, including ANDRITZ (Denmark), Metso Outotec (Finland), LYBOVER (Belgium), Blue Group (U.K.), Hillenbrand, Inc. (U.S.), Acrowood (U.S.), M&K (U.K.), Nihot Recycling Technology B.V. (Netherlands), Neuenhauser Recycling Technology GmbH (Germany), and CSS Recycling Equipment Solutions (Australia), contribute to a competitive landscape, driving innovation and market advancement in the air density separator market.
In August 2022, FLSmidth, a worldwide company offering offerings and technology to the cement and mining sectors, efficiently acquired ThyssenKrupp's mining operations. The obtained commercial enterprise will now operate as a wholly owned subsidiary of FLSmidth, following the necessary regulatory approvals from global authorities.
Segmentation Table
Attribute Details
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 4.7% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Application
Recycling and Waste Processing
Chemical
Food and Beverages
Minerals and Mining
Agriculture
By Region
North America (U.S., Canada, and Mexico)
South America (Brazil, Argentina, and Rest of South America)
Europe (U.K., Germany, France, Italy, Spain, Russia, and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, ASEAN, Rest of Asia Pacific)
Middle East and Africa (Israel, GCC, South Africa, and Rest of Middle East and Africa )
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