Analysis of Drum Decanters market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
According to the most recent survey report published by Fact.MR, demand for drum decanters will stabilize in 2021. As the impaired global economy is slowly moving towards positive growth, the sales for drum decanters are most likely to experience steady growth.
The informative report by Fact.MR tracks global market sales for 2016-2021, with forecasts for the year 2021-2031.
The key players are consistently improvising the technology for better performance. For instance, manufacturers like Kesar Equipment are focusing on delivering productivity & reliable performance.
Manufacturers like Atlas Technologies are focusing on providing uninterrupted performance, unmatched energy efficiency, and corrosion-resistant body. The demand in refinery plants and the chemical industry drives the sales in the global market.
The high price and high shipment cost restrain the growth of the drum decanter market. In addition to this, the stringent government policy also challenges the manufacturers. But the diversified utility of drum decanter projects a positive growth rate in the proximate future.
As the growth in the construction sector is perpetually high, the demand for drum decanter is anticipated to increase gradually. In the current scenario, the manufacturers are lashed by the global slowdown of the economy.
With the steady development of infrastructure and increased investment, the drum decanter market is escalating on the growth chart. Reducing the environmental footprint and greater safety in operation will have a positive impact on the consumers.
On the contrary to this, the growth of the oil industry in the Middle East & Africa will strike the growth rate in the drum decanter market. Moreover, the manufacturers are projecting an increased demand in developing economies like India & China in the forthcoming future.
Drum decanters are manufactured for use where lower bitumen outputs are needed on daily basis. These drum decanters have the added advantage of a bigger built-in reservoir that can be operated as a product storage tank.
Some drum decanters can decant an average of up to 2-4 tons per hour and have 9,000-16,000 liters of storage capacity. In addition, drum decanters are built with various features including a hydraulically operated loading system, thermostatically controlled temperature, and a fully insulated and clad heating chamber.
The drum decanters are easy to operate as well as simple to maintain and also available in remote locations. Moreover, the drum decanters are widely used in chemical and food, and beverages for blending purposes.
Significantly, the growing food and beverages processed industry is one the key driving factors stimulating the growth of the global drum decanters over the forecast period, owing to the increasing demand for processed and blended food products among consumers.
The macroeconomic factors such as rapidly growing gross value added (GVA) of key countries and increasing import/export among key countries will lead the drum decanters market towards considerable growth over the forecast period.
Also, the rapid growth in the chemical industry along with the growing wine processing industry will increase the demand for drum decanters for blending raw materials in the upcoming years.
Furthermore, the increasing demand for drum decanters for road constructions will take the global drum decanters market towards rapid growth in the forecast period.
In addition, the increasing demand for mobile drum decanters will gain high traction over the forecast period.
The key restraining factors such as high price, high shipment cost, and stringent government regulations & standards for the manufacture of drum decanters may hinder the global market over the forecast period.
The increase in manufacturing activities in developing countries, such as India and China, will create a high opportunity for drum decanters across these countries over the forecast period.
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The global drum decanters market can be segmented into seven regions: North America, Latin America, Europe, CIS & Russia, Japan, APEJ (the Asia Pacific excluding Japan) and MEA.
Among the aforementioned regions, North America is predicted to account for the highest market share in the global drum market due to the growing preferences of packaged food among consumers.
APEJ region is anticipated to showcase robust growth in the global drum decanters due to the rapidly growing manufacturing industries along with the high infrastructure investment in the key countries, such as India, China, and Indonesia.
In addition, a rapidly growing urban population in APEJ is one of the key factors that will generate the demand for drum decanters during the forecast period. On the other hand, the growing oil and chemical industry in MEA will hit the demand for drum decanters over the forecast period.
Prominent players of the global Drum Decanter market are:
Besides, key market players are focusing to target developing countries to supply the drum decanters that will help to capture significant revenue share in the global market.
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Global drum decanters market is segmented on the basis of product type, production capacity, application and region.
Based on product type, global drum decanter’s market is segmented as:
Based on production capacity type, global drum decanter’s market is segmented as:
Based on reservoir storage capacity type, global decanter’s market is segmented as:
Based on applications type, global decanter’s market is segmented as:
With the rapid growth in the manufacturing industry, the static drum decanters segment is estimated to witness high growth over the forecast period.
On the other hand, high government investment in infrastructure building will aid in the expansion of the global drum decanters market over the forecast period.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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The drum decanters market size is currently valued at USD 369.24 Million.
The size of the drum decanters market is likely to expand at a 4.1% CAGR during the forecast period.
The APAC region is likely to lead the control the market.
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