Industrial agitators find application in different industries and this has resulted in generating a continued demand for them. Used in mixing two or more materials – often having different viscosity – in different proportions to accomplish a desired level of uniformity in end products, industrial agitators are leveraged in various manufacturing industries such as oil and petrochemical, chemical, gas, pharmaceutical, and food and beverages. Industrial agitators are also used in water and wastewater treatment industries as they help in purging pollutants such as sulfur in water.
Swift pace of industrialization, particularly in fast-expanding developing nations in Asia Pacific and South America, namely China, India, and Brazil, has been at the forefront of driving growth in the global industrial agitators market. On account of helpful government policies, manufacturing has proliferated in the developing regions and this has bolstered demand in the market.
On account of such tailwinds the global industrial agitator market has grown at a steady pace so far. Going forward, it is predicted to register a CAGR of 5.7% from 2017 and 2025 to become worth US$3.647 bn by 2025 from US$2.245 bn in 2016, finds a report by Transparency Market Research.
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The various types of industrial agitators purveyed in the market are side entry, top entry, bottom entry, static, and portable. At present, the top entry industrial agitator, rakes in maximum revenue and going forward too is predicted to continue doing so. The popularity of top entry industrial agitators results from the fact that they can be used to satisfy almost any need of the end-user for mixing and homogenization and they have a long service life. Besides, top entry agitators can be used on both open and close tanks. As the name says, it is mostly deployed from the top of the tank, which allows easy access to serviceable parts. This in turn, prevents direct contact with effluent and sludge while installing or servicing the agitator, which has an obvious safety and health benefit. In addition, top entry industrial agitators also find application in manufacturing and process industries such as oil and petrochemical, chemical, and gas.
From a geographical perspective, North America leads the global industrial agitator market vis-à-vis revenue. In 2016, it accounted for over 30.0% of the total market size. The expansion of the market in the region has been driven mainly by the U.S. and Canada. The surging demand for the nutraceuticals, on the back of a growing crop of consumers opting for organic food, in the upcoming years will likely keep boosting the market.
Driving the industrial agitator market in Europe is the pulp and the paper industry which results in massive volumes of wastewater. On account of it, Europe trails North America in terms of market share. In terms of growth rate, Asia Pacific will likely surpass other regions because of high degree of pollution, acute water shortage, key regulatory changes, and swift pace of urbanization and industrialization. The region contributed more than 20.0% of the total revenue share in 2016, which is expected to increase by 2025 by rising at a CAGR of 6.2%. China and India are main markets in the region.
EKATO GROUP, Sulzer Ltd., Philadelphia Mixing Solutions, Ltd., Chemineer Inc., Xylem, Inc., Tacmina Corporation, Mixel Agitators, Dynamix Agitators Inc., Silverson Machines, Inc., and SPX Flow Inc. are to name a few prominent names operating in the global industrial agitator market.
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