Feb 16, 2021
Over Three-fourth Demand for Vacuum Loaders to Arise from Plastic Processing Industry: Fact.MR
by Team Fact.MR
As plastics are finding usefulness in numerous industries such as construction, infrastructural development, electrical and electronics, and transport, plastic-based products are thriving around the world. With the growth of this industry, the number of companies manufacturing vacuum loaders is also rising. Speciality plastics, which are gaining traction, will also require vacuum loaders in their manufacturing processes.
The spread of COVID-19 brought with it a drop in demand vacuum loaders. The pandemic led to a drop of over US$ 5.7 Mn when compared to the previous projection for the year 2020. However, the growth trajectory will normalize over 2021-22. On the whole, the global vacuum loaders market is valued at around US$ 118 million in 2020, and is anticipated to reach nearly US$ 200 million by 2030-end.
Key Takeaways from Vacuum Loaders Market Study
- With accelerated use of plastic in various industries such as construction, infrastructural development, electrical and electronics, and transport, demand for vacuum loaders is also booming. From 2020 to 2030, the vacuum loaders market is expected to garner an absolute dollar opportunity of around US$ 82 Mn.
- Over the forecast years, the share of vacuum loaders by (500 - 750) lb/hr is expected to rise to nearly 25% at a CAGR of around 6%.
- North America and Europe together account for nearly half of global vacuum loader demand; however, by 2030, this is expected to decrease by 2.5%.
- The market is both, China and the U.S., is expected to expand at a CAGR of around 5% through 2030.
- The vacuum loaders landscape is quite fragmented in nature, as 37% of the revenue generated in this space is from tier-III companies.
“In developing economies, rental and 2nd-hand services for vacuum loaders are gaining huge attention. Vacuum loader manufacturers can gain higher profits by directly providing these services to their customers,” says a Fact.MR analyst.
Product Differentiation through R&D Aiding Market Expansion
Key players in the market are Motan Colortronic Limited, Piab Ab, Coperion GmbH, Jenco and KOCH-TECHNIK, Conair Group, NOVATEC, Inc., Cyclonaire, and Pahwa Group. Some of the recent developments in this space include:
- In 2020, Motan Colortronic launched SPECTROPLUS, a dosing system for all extrusion and compounding tasks, regardless of the material feed, which can be regrind, granules, powder, or liquid.
- Summit Systems provides a pre-cooler as an accessory for high-temperature materials with its three phase hopper loaders. It offers a huge throughput of over 6000 lb/hr.
- Conair Group developed the Access AL Series Loader, which is a self-contained vacuum loader, and offers faster, easier, and safer operations due to its tilted design.
Find More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global vacuum loaders market, presenting historical demand data (2015-2019) and forecast statistics for the period of (2020-2030). The study divulges essential insights on the basis of material (carbon steel and stainless steel), throughput (up to 150 lb/hr, (150 - 500) lb/hr, (500 - 750) lb/hr and over 750 lb/hr), loading (single material loading ratio loading), loader motor type (brushless and brush type), phase (single phase and three phase), material transferred (powdered and granulated), and end use (plastic processing, pharmaceuticals, and food processing), across 7 regions of the world.
About the Industrial Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned industrial team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the industrial industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
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Consultant - Industrial Goods and Automotive