In a recent research report by Maximize Market Research, the Global Powder Processing Equipment Market is expected to surpass US $XX billion by the year 2026, from US $XX billion in 2019.
Opportunities in global powder processing equipment market:
Increasing investment by key players in the market on automation of the powder processing methods leads to high mergers and acquisitions of some distributors and manufacturers. Mergers of some key players result in high demand for powder processing methods and henceforth increasing the competition in the market. Due to high competition, the market is experiencing traction in growth.
According to survey report of WAGNER, powder processing market is upsurge by 45% from the year 2017-2019 owing to factors including increasing automation and new baking and powder sintering methods like electromagnetic sintering and powder guns. The above methods are considered eco- friendly and time-saving with more productivity of method. Furthermore, less buff is produced in these methods resulting in keeping high safety protocols and stringent government norms.
The Asia Pacific is the dominating region in the market owing to the easy availability of raw material and availability of labor in the region. Furthermore, increasing buying power of consumers is the supporting factor attributing to market growth. North America expected to be the fastest-growing region in the market owing to high-class infrastructure facilities and domination of the pharmaceutical and cosmetics sector in the market.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than XX%, during the tenure of 2020 – 2026.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of white goods in the region, the Value – Chain analysis, and the PORTER’s analysis for the white goods market at a global level.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Powder Processing Equipment Market.”
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