According to TechSci Research report, “Global Pneumatic Conveying Systems Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”. The Global Pneumatic Conveying Systems is anticipated to project robust growth in the forecast period with a CAGR of 5.29% through 2028, Factors such as rapid industrialization in emerging economies and growing demand for industrial material handling equipment are expected to drive the market across the world.
Based on end user, chemical segment is expected to dominate the market during the forecast period. The chemical sector is one of the prominent segments that utilize pneumatic conveying systems to transfer chemicals through an enclosed conveying pipeline from one or more sources to one or more destinations. Air and pressure difference are used inside the pipeline as a transferring medium. The sector primarily uses dilute phase pneumatic conveying systems that maintain an air velocity of around 3200 to 8000 feet per minute and a positive or negative pressure of approximately 5 to 12 pound per square in gauge (PSIG) or 4 to 12 Hg for continuous of chemicals within a facility.
In 2018, world chemical sales grew by nearly 5.2%, as compared to 2008. With chemical sales of around EUR 3.34 trillion in 2018, it is expected to have increase sales on account of the growing demand for chemicals in various sectors like fertilizer and pharmaceutical.
Regarding capital expenditure, the sector has spent EUR 193.1 billion in 2018, which grew by nearly 5.9%, as compared to 2008. China is one of the major countries that has contributed to almost 45% of the global investment in 2018.
On account of COVID-19, the slowdown of manufacturing units occurred all around the world, for which chemical market like the United States is expected to squeeze its chemical production capacity in 2020. On the other hand, an excess requirement of medicines to tackle COVID-19 has boosted the pharmaceutical sector in 2020 and is likely to grow positively during the upcoming years.
Chemicals such as hydrochloric acid are primarily used in pharmaceutical industries to manufacture active pharmaceutical ingredients (API). Thus, increasing uses of hydrochloric acid in pharmaceutical companies is likely to have a positive impact on the chemical sector and would help in the growth of the market during the forecast period.
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Based on Region, Asia Pacific plays a significant role in the global Pneumatic Conveying Systems market, Asia-Pacific is one of the prominent regions that have a large number of industries in various sectors. China is one of the major countries in the region, which is considered to be the largest manufacturing hub in the world, contributing nearly 28.4% of global manufacturing output.
Chemical, pharmaceutical, plastic are a few significant segments in the region that use pneumatic conveying systems to flow its materials from one location to the other.
China is the largest chemical producer in the world. From contributing 23.6% of the global chemical sales in 2009 to nearly 35.8% in 2018, China has expanded its chemical business exponentially during the last nine years, which supported the pneumatic conveyor systems to grow in the market.
China, along with other countries of the region, has sold nearly EUR 1.9 trillion of the chemical during 2018. It is expected to increase in sales during the upcoming years because of the increasing demand for compounds primarily in plastic and pharmaceutical companies.
Apart from chemical, China is one of the largest producers of plastic materials globally, accounting for nearly 30% of the global plastics production. The demand and production of plastic products have increased in China since 2017, which has supported the growth of plastic manufacturing units of the country. With its increasing population, countries like China and India are expected to have a huge demand for chemicals, medicines, plastic, and food & beverage industries during the upcoming years. An increase in demand is likely to increase investment in the aforementioned sectors and would thereby increase the market of pneumatic converting systems during the forecast period.
Key market players in the Global Pneumatic Conveying Systems Market are following:-
- Atlas Copco AB
- Coperion GmbH
- Cyclonaire Corporation
- Palamatic Process
- Dynamic Air Inc.
- Flexicon Corporation
- Gericke AG
- DongYang P & F
- Nilfisk Group
- Schenck Process Holding GmbH
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“The Global Pneumatic Conveying Systems Market is driven by several key factors. Increasing industrialization fuels the demand for efficient material handling, while stringent hygiene and safety standards in sectors like food and pharmaceuticals necessitate contamination-free solutions. Automation is a prominent driver, with pneumatic conveying systems integrating seamlessly into advanced manufacturing processes.
Additionally, the focus on energy efficiency and sustainability aligns with the benefits of these systems. Lastly, Industry 4.0 integration empowers real-time monitoring, predictive maintenance, and data-driven optimization, enhancing the appeal of pneumatic conveying systems in modern manufacturing environments. These drivers collectively underpin the market's growth and expansion.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
Pneumatic Conveying Systems Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Type (Dilute Phase, Dense Phase, and Others), End-User (Chemical, Pharmaceutical, Food and Beverages, and Others), By Region, Competition 2018-2028 has evaluated the future growth potential of Global Pneumatic Conveying Systems Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Pneumatic Conveying Systems Market.
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