According to the latest report by IMARC Group, titled “Industrial Agitators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the global industrial agitators market reached a value of US$ 1.9 Billion in 2021. Industrial agitators represent rotating machines that mix and homogenize various products with equal phases by creating a flow between solids and liquids. They are used in numerous industries for heat transfer, emulsification, suspension, high viscosity blending, gas dispersion, etc. Presently, several manufacturers are offering a comprehensive and advanced range of high-efficiency and high-speed industrial agitators for easily transforming raw materials into the desired product of plastic, stainless steel, or fiberglass reinforced plastics (FRP) tanks.
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The escalating product utilization in the pharmaceutical industry for improving the overall performance and reducing the production cost of medicines is among the primary factors driving the industrial agitators market. Apart from this, the rising prevalence of numerous chronic diseases across the globe is also positively influencing the market growth. Additionally, the growing demand for ready-to-eat (RTE) food products is increasing the adoption of industrial agitators in the food and beverage industry and augmenting the global market. Besides this, these products are gaining traction in water and wastewater management, wherein they perform solids suspension, dissolution, flocculation, etc. This, in turn, is acting as another significant growth-inducing factor. Furthermore, the elevating popularity of biodiesel is fueling the product usage in the oil and gas industry for mixing petrochemicals, which is also bolstering the market growth. In line with this, the launch of numerous initiatives by government bodies to encourage the utilization of biodiesel in power generation, vehicles, residential and commercial heating, etc., is anticipated to stimulate the industrial agitators market in the coming years. Looking forward, IMARC Group expects the market to reach US$ 2.5 Billion by 2027, exhibiting a CAGR of 4.7% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape:
- Dynamix Agitators Inc
- EKATO Holding Gmbh
- Mixer Direct
- NOV Inc
- Silverson
- SPX FLOW Inc
- Statiflo International Ltd
- Sulzer Ltd
- TACMINA CORPORATION
- Xylem Inc
Key Market Segmentation:
Breakup by Type:
- Industrial Stirrer
- Paint Mixers
- High Speed Stirrers
- Chemical Agitators
- Others
Breakup by Mounting Type:
- Top-mounted
- Side-mounted
- Bottom-mounted
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Industry Vertical:
- Chemicals and Paints
- Material and Construction
- Food and Beverages
- Pharmaceutical
- Consumer Goods
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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