Europe Plastic Micronizer Market
Europe Plastic Micronizer Market by Separation Mixture (Liquid-liquid mixtures, Solid-liquid suspensions, Gas/liquid-solid mixtures), by Use Case (Plastic Manufacturing, Chemical Purification, Mineral and Ore Production) & by Country - Global Insights 2023 to 2033
Analysis of Europe Plastic Micronizer Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Plastic Micronizer Market Outlook (2023-2033)
The Europe plastic micronizer market is set to enjoy a valuation of US$ 365 Million in 2023 and further expand at a CAGR of 3.4% to reach US$ 510 Million by the end of 2033.
In the current market scenario, the production of plastic micronizers is not up to mark owing to several hindering factors. However, the growing need for micron-level plastic resins across various industries will lift the market growth in Europe.
Plastic Micronizer Market Size (2022A)
US$ 354 Million
Estimated Market Value (2023E)
US$ 365 Million
Forecasted Market Value (2033F)
US$ 510 Million
Europe Market Growth Rate (2023-2033)
Germany Market Share (2022)
United Kingdom Market Growth Rate (2023-2033)
~ 2.2% CAGR
Market Share of Top 5 Companies
Key Companies Profiled
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Competitive landscape highlights only certain players
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Sales Analysis of Plastic Micronizer (2018-2022) Vs. Market Forecast Outlook (2023-2033)
The amplification of plastic production is directly proportional to the growing negative impact on the environment. The demand for plastic has increased in various sectors such as building and construction, packaging, electronics, and automotive which automatically increased its waste in Europe.
Additionally, stimulating concern regarding environmental safety and marine life has spurred the demand for plastic recycling in which plastic micronizer has played a crucial role. For instance, in 2021, approximately 10.2 million tonnes of plastic leftover were composed and directed to recycling services inside and outside Europe. Hence, from 2018 through 2022, the plastic micronizer market has expanded significantly by reflecting a compound annual growth rate of 3.2%.
Moreover, strong government support for plastic waste management in Europe will be backing the financial aid for the market players. The demand for powdered plastic in several industries is increasing day by day, which will accelerate the sale of plastic micronizer in the assessment period.
In addition, Europe is trying to integrate novel technologies for plastic recycling owing to the ban on the import of plastic waste in China which create a ray of hope in the plastic micronizer market in terms of technological advancements and innovation. Thus, Fact.MR anticipated that the plastic micronizer market in Europe would depict an overall compound annual growth rate of 3.4% from 2023 to 2033.
- Short Term (2023-2026): The growing demand for recycled products will elevate the use of micronized plastic in numerous industries, which will indicate noteworthy growth of the plastic micronizer market in the near-term forecast period.
- Medium Term (2026-2029): Growth in technological advancements in plastic waste management systems will escalate the manufacturing units of plastic micronizer from 2026 to 2029.
- Long Term (2029-2033): Stringent government regulations and initiatives for plastic waste management will support the market growth for the long-term forecast period.
Over the 2018-2022 historical period, the Europe plastic micronizer market registered a CAGR of 3.2%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 3.4% CAGR between 2023 and 2033.
Market share analysis of plastic micronizer based on separation mixture and country is provided in a nutshell in the above image. Under the separation mixture segment, solid-liquid suspension sub-segment dominates with 38% market share in 2022.
What’s Driving the Demand for Plastic Micronizer?
“Growing Circular Economy in Europe Led to Push the Market Growth At a Significant Pace’’
The plastic industry is widely spread across Europe due to its appreciable use in various industries. However, the negative impact of plastic on the environment has spread awareness and concern regarding its harmful impact.
Hence, there is a need for proper management of plastic waste by various processing, plastic micronizer is one of them. Europe is strongly focusing on the waste recycling process and plastic micronizer is one of the suitable options for plastic waste management for which Europe has also implemented a European strategy of plastic in 2018 for better reduction of plastic pollution. This factor will pull up the growth of the plastic micronizer market.
Additionally, there is a huge requirement for micron-level plastic resins in certain manufacturing processes. For instance, the need for plastic resins in conveyer belts, ATMs, and food production lines is expected to spur market growth over the forecast period.
“Vigorous Government Support and Progression in Plastic Micronizer to Stimulate Market Growth”
The growing proportion of plastic waste in Europe has increased the burden on the European government to install plastic waste management techniques that support the escalation of market growth. Strong government regulation, as well as strong financial provisions, are the prominent supportive factors for the manufacturers of plastic micronizer.
The investment in research and development has pushed forward product advancements which escalate the market growth. The growing advancements have also increased the use of plastic micronizer in various use cases such as chemical purification, plastic manufacturing, mineral, and ore production, etc.
Additionally, the focus of market players on the adoption of different separation mixtures to direct the efficacy and purity of microplastic resins will further expand the application of plastic micronizer in the marketplace.
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What Do Plastic Micronizer Manufacturers Need to Watch Out for?
“Increasing Cost of Plastic Resin Will Hamper the Use of Plastic Micronizer”
There is a growing need for plastic resins in Europe however, due to the wide gap between demand and supply the price has increased. The piercing thrive of plastic resins in the energy markets is also important for a huge gain and unstable trading owing to undefined conditions in Europe. The rising cost will limit the use of micron-level plastic resins across different countries, which will undeniably decrease the production and sale of plastic micronizer around Europe.
Apart from this, microplastics has also a negative impact on marine life when dispose of in marine water. Moreover, there are strict regulations and bans on plastic resins in the international cosmetics market which will hamper the use and export of plastic micronizer.
Which Country will Lead the Plastic Micronizer Market Sales?
The increasing urbanization and industrialization have pushed the higher contribution of plastic waste in overall waste production. This creates a demand for plastic recycling and plastic waste management in Germany which escalate the use of plastic micronizer.
Furthermore, the demand for plastic resins in various industries will push the product demand in Germany. The country ranks 1st in global plastic waste management and is expected to follow the same trend to hold its position. According to Fact.MR, Germany leads the sales of plastic micronizers by accounting for more than 20% of the overall market value in 2022.
Also, the expected industrial and economic development along with strong government support is projected to sparkle the German plastic micronizer market with a CAGR of 3.8% from 2023 to 2033.
What is escalating the Use of Solid-liquid Suspension Mixture for Separation?
The appropriate selection of separation mixture plays a crucial role in the plastic micronizer market. The difference in the density of various plastic materials is one of the vital factors in choosing separation materials. There are three separation mixtures are used in the plastic micronizer for the separation of plastic materials i.e., liquid-liquid mixture, solid-liquid suspension, and gas/liquid-solid mixture. Which solid-liquid suspension is gain higher popularity than the other two.
The prominent reason behind the huge acceptance of solid-liquid suspension mixture is the prevention of bubble generation and uniform consideration of fluidization state than the gas-liquid mixture.
Thus, it is anticipated that the solid-liquid suspension mixture is expected to hold 38% of the plastic micronizer market in the year 2023 and is expected to grow with a compound annual growth rate of 2.6% over the assessment period 2023 to 2033.
Which Use Case of Plastic Micronizer Support the Market Growth?
Chemical purification is expected to lead the market by use case. The segment is projected to hold approximately 38% of the value market share of the European plastic micronizer market in the year 2023.
Chemical purification plays important role in the plastic micronization process. Plastic micronizer is helps to remove unusable materials from plastics to provide the final material which can be used in various industries.
Without chemical purification, the quality of the final product will be low which will further limit the acceptance. Thus, as per Fact.MR analysis chemical purification sub-segment by use case of plastic micronizer is expected to fare with a CAGR of 3.1% over the projected year of 2023 to 2033.
Arda Trade, Orenda, Powder Platic, Quality Chemicals, Hosokawa alpine, Natural plast, Isoltech, Parspatent are the key players in Europe Plastic Micronizer market.
Manufacturers of the plastic micronizer market are constantly focusing on the installation of novel techniques to produce efficient and hazardous-free micron-level plastic resins. Product development and business expansion are the key concentrating area of the top market players for business growth.
Furthermore, manufacturers are also trying to expand their business on a global scale by adopting in-organic growth tactics such as partnerships, collaborations, acquisitions, and merging. Thus, the implementation of organic as well as in-organic strategies will support the market players to generate expected revenue in the forecast period.
- In June 2021, Hosokawa Alpine AG, one of the leading market player of plastic micronizer announced to set a sales organization in Poland. The business expansion in Europe will positively affect the company’s revenue in the coming years.
Fact.MR has provided detailed information about the price points of key manufacturers of Plastic Micronizer positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Plastic Micronizer Industry Research
By Separation Mixture :
- Liquid-liquid mixtures
- Solid-liquid suspensions
- Gas/liquid-solid mixtures
By Use Case :
- Plastic Manufacturing
- Chemical Purification
- Mineral and Ore Production
- Pharma Manufacturing
- Food & Beverage Production
By Country :
- Rest of Europe
- FAQs -
The Europe plastic micronizer market is anticipated to be valued at US$ 365 Million in 2023.
Worldwide demand for plastic micronizer is anticipated to reach US$ 510 Million by 2033-end.
During 2018-2022, sales of plastic micronizer increased at 3.2% CAGR.
Germany tops the Europe plastic micronizer market and will account for more than 25% market share in 2033.
Solid-liquid suspension mixture will account for roughly 38% share of Europe sales by the end of 2023.