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 1. Home
 2. > Energy & Environment
 3. > Environmental Services
 4. > Water Utility Market Trends


INDUSTRIAL CENTRIFUGES MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS
(2022 - 2027)

 * November 2022
 * 252 pages
 * ID: 6370518
 * Format: PDF
 * Mordor Intelligence LLP



Summary

Table of Contents

Search Inside



The industrial centrifuges market is expected to reach USD 6.79 billion by the
end of this year and is projected to register a CAGR of over 4.48% during the
forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently the market has
now reached pre-pandemic levels.

Key Highlights
Over the long term, the growing demand from the chemical industry is expected to
stimulate the market growth of the industrial centrifuges market. Furthermore,
increasing investments in the chemical and manufacturing industry are expected
to drive the growth of the market studied.
On the other hand, highly volatile crude oil prices and technical drawbacks of
centrifuges are expected to hamper the growth of the studied market during the
forecast period.
Nevertheless, increasing demand from water treatment plants worldwide is likely
to create lucrative growth opportunities for industrial centrifuges in the
forecast period
Asia-Pacific region is likely to dominate the market and is also likely to
witness the highest CAGR during the forecast period. This growth is attributed
to the increasing investments, coupled with demands from processed food
industry, pharmaceutical sector, and wastewater treatment industries.

Key Market Trends

Chemical Industry to Dominate the Market

Chemical separation technology plays a vital role in chemical engineering, and
industrial centrifuge is the key for various separation technologies. In the
chemical industry, the centrifuge has multiple applications in hydrometallurgy,
plastic chemical fiber, refining biological products, isotope separation, etc.
They are also used to prepare nanomaterials, desulfurize flue gas, and produce
fertilizers and pesticides. Most of the raw materials and products utilized in
chemical production are mixtures of components, which need to be separated and
purified by using the difference in their properties in the system or by a
separating agent.
The removal of catalysts in the chemical process is an important step as they
are often valuable recyclables, such as platinum, cobalt, and manganese.
Catalysts are chemical substances that accelerate the reaction rate and do not
change themselves. The explosion-proof nozzle-type centrifuges are special
industrial centrifuges used to separate catalysts during the chemical process.
With the rapid development of the chemical industry, the separation technology
of chemical centrifuges has also achieved rapid development. For instance, GEA,
a global provider of innovative equipment and process technology, launched a TTC
300 series of industrial centrifuges for manufacturing polymer and
polycarbonates in 2021. The product employs a multi-stage wash cycle to separate
the pure organic polymer solution from the acidic wash liquid.
The global chemical industry plays a significant role in the global economy and
supply chain network. In 2021, global chemical imports amounted to EUR 2.3
trillion, while chemical exports stood at EUR 2.2 trillion at the end of the
year. In 2021, the Asia-Pacific region played a significant role in the global
chemicals market and accounted for roughly 60 percent of the market. China alone
is largely responsible for the recent increases in Asia’s growing exports and
consumption of chemicals, as in 2021, Chinese chemical consumption accounted for
approximately EUR 1.8 trillion.
Owing to this factor, the demand for industrial centrifuges in the chemical
sector is expected to increase in the region during the forecast period to meet
the manufacturing and production quantities of chemicals.

Asia Pacific to Dominate the Market in Forecast Period

Asia Pacific is one of the fastest growing centrifuges markets, owing to the
presence of China, which has one of the highest demands from the chemical and
manufacturing industry, pharmaceutical sector, and wastewater treatment
industries. Additionally, the demand for electricity is growing at a rapid rate
in South Asian countries like India, Indonesia, Malaysia, etc, on account of a
surge in population and industrial expansion.
China is the second largest economy globally and one of the leaders in numerous
power, pharmaceutical and chemical, manufacturing, food, and beverage
industries. Due to these factors, China accounts for a significant share of the
global industrial centrifuges market.
China has been an essential factor in the growth of the manufacturing sector
worldwide. The country is the leader in the steel, chemical, power, and cement
industries and is one of the top players in the petrochemical and refining
industries.
Japan’s manufacturing industry has been the driving force for its economy,
making it one of the world’s largest manufacturing hubs. In FY2019-20, the
manufacturing industry accounted for about 20% of the country’s total GDP. The
chemical industry is the country’s second-largest manufacturing industry in
Japan, after transportation machinery.
The improved profitability in petrochemicals and tightened supply conditions
resulting from production facility issues at Japanese and overseas companies are
some of the factors expected to fuel the growth of the chemical industry during
the forecast period. As centrifuges are used in chemical and petrochemical
processing, the moderate growth in the chemical industry and associated
infrastructure is anticipated to drive the country’s demand for industrial
centrifuges.?
The Japanese chemical industry was the fourth most extensive worldwide,
following China, the United States, and Germany. Since other industries, such as
transportation machinery and the automotive industry, depend on numerous
materials provided by the chemical industry, it is one of Japan’s most essential
and largest manufacturing industries.
Furthermore, the chemical industry was one of the largest employers of the
manufacturing industries in Japan. Further, innovations and technological
advancements in the chemical industry and investments in the construction and
expansion of chemical plants are expected to drive the demand for industrial
centrifuges.
Therefore, with increasing demand from various end user industries in the
region, Asia Pacific is likely to be a market leader in forecast period.

Competitive Landscape

The global industrial centrifuges market is moderately fragmented, Some of the
major players in the market (in no particular order) include Andritz AG,
Multotec Pty Ltd, Alfa Laval AB, GEA Group, Flottweg SE, and others.

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