According to a new report published by Allied Market Research, titled, “Jet mill market type and end user industry: global opportunity analysis and industry forecast, 2020–2027,” the global jet mill market size is expected to reach $185.7 million in 2027 from $138.7 million in 2019, growing at a CAGR of 4.9% from 2020 to 2027. In 2019, Asia-Pacific dominated the market, in terms of revenue, accounting for 40.0% share of the jet mill market.
The major players operating in the jet mill industry include Erich NETZSCH GmbH & Co. Holding KG, Fluid Energy Processing and Equipment Company, Freund, Ltd., Hosokawa Micron Corporation, Kurimoto, Ltd., Promas Engineers Private Limited, Shandong Alpa Powder Technology Co., Ltd., The Jet Pulverizer Company, Inc., Kunshan Unique Machinery Co., Ltd., Midas Microtech Engineering Private Limited.
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Jet milling is a primary particle size reduction process, which utilizes compressed, high pressure air to generate high velocity collision between material particles that reduces its size. Jet mills are often used in chemicals, polymers, ceramics, and other industries for grinding friable material, which has the tendency to break into smaller pieces. Average particle size obtained from jet mills can range between 1 and 10 micron.
The COVID-19 pandemic has negatively affected the jet mill market mainly due to halt in international trade, prolonged lockdowns, and ceased manufacturing processes. In addition, major end-user manufacturing companies located in countries such as the U.S., China, Germany, and the UK are also facing financial impacts due to halted production, which is expected to hinder growth of the jet mill market in 2020.
Asia-Pacific is the highest contributor in the jet mill market trends. China and Japan held majority of the share in jet mill production, owing to high focus manufacturing of highly developed and low-cost machines.
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In addition, increase in demand for jet mills from developing nations in Asia-Pacific from growing food & beverages, pharmaceuticals, chemical, and other manufacturing industries is expected to drive the jet mill market growth.
On the basis of end user industry, the chemical segment holds a major market share, owing to the increase in demand for abrasives and chemicals. Rise in focus on 3D printing technologies also boosts demand for micron sized particles, which can be obtained using jet mills.
The global jet mill market is segmented into type, end-user industry, and region. On the basis of type, the market is categorized into spiral jet mill, flat jet mill, opposed jet mill, target jet mill, and fluidized bed opposed jet mill. By end user industry, it is classified into chemical, pharmaceutical, food & beverages, textile, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific held the largest market share during 2019, and is expected to grow at the fastest rate throughout the forecast period.
Key Findings Of The Study
- By type, the others segment dominated the jet mill market share in 2019.
- Depending on end user industry, the others segment garnered major share of the market in 2019.
- Region wise, Asia-Pacific dominated the market analysis in 2019.
Related Report: https://www.einnews.com/pr_news/565190837/jet-mill-market-size-share-trends-growth-and-forecast-to-2030