Industrial agitators are machines used for mixing purposes across various end use industries such as chemicals, pharmaceuticals, food beverage, oil gas, cosmetics, paints coatings and others. They are used to mix various process media including all solids, liquid types and gases. An agitator is usually made of shaft, impellers, mechanical seal, motor and gearbox. They can be mounted on the top, side or bottom side of the tanks or containers and are suitable for a large number of industrial applications of blending, heat transfer, homogenization, suspension, storage, fermentation, hydrogenation and many other processes.
The economies such as China, India and Japan have dominated the market of industrial agitators market in 2020. The shift from conventional capacity to efficient and timely order fulfilment will boost regional manufacturing and thereby increase the demand for industry agitators.
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The widespread pandemic drastically affected the global supply chain. Manufacturing sector was one of the hardest-hit segments from COVID-19. Shutdown of economic activities brought the manufacturing facilities to a standstill. This further led to decline in global FDI inflows, and a downturn in economies all over the world. The global FDI was estimated to reduce by 5-15% due to the downfall in manufacturing sector.
ASIA PACIFIC INDUSTRIAL AGITATORS MARKET SEGMENTAL OVERVIEW
The report analyses the industrial agitators market based on mounting, model, form, industry and geography
ASIA PACIFIC INDUSTRIAL AGITATORS MARKET BY FORM
Based on form the market is bifurcated into solid-solid mixture, solid-liquid mixture, liquid-liquid mixture and liquid-gas mixture. The liquid-liquid mixture segment held the largest share of the global industrial agitator market. Increasing consumption of liquid products such as milk, juice, soft drinks, alcohol and other fluid food products, increasing adoption of liquid-liquid mixing technology and agitator equipment in food and beverage and chemical industry are the various factors favouring the growth of the segment.
ASIA PACIFIC INDUSTRIAL AGITATORS MARKET BY INDUSTRY
Industrial agitators have wide range of applications in the chemicals, paints coatings, minerals, food beverage, pharmaceuticals and other industries. The chemical segment is predicted to overshadow the industrial agitator market reaching over USD 250.49 million by 2027. The sector has high requirements for suspension, reaction, mixing and dispersion of raw materials. Therefore, there is growing demand for implementation of industrial agitators.
ASIA PACIFIC INDUSTRIAL AGITATORS MARKET BY GEOGRAPHY
Based on geography, the Asia Pacific Industrial Agitators market is segmented into China, Japan, India and Rest of APAC. China accounted for the largest market share and accounted for over 52.38% of the total market share. Followed by it was the market of India, Japan and Rest of the APAC. The increasing income and spending capacity of people in developing economies, increasing demand in various applications such as pharmaceutical, chemical and food beverage is the major factor driving the growth of the industrial agitators industry.
ASIA PACIFIC INDUSTRIAL AGITATORS MARKET KEY PLAYERS
Some of the vital players operating in this market include SPX FLOW (United States), Xylem Inc (United States), Ekato group (Germany), Sulzer (Switzerland), Tacmina Corporation (Japan), Dynamix Agitators Inc (Canada), Philadelphia Mixing Solutions Ltd (United States), and Teralba Industries (Australia).
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