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Demand from Process Industries to Boost the Global Sedimentation and Centrifugation Market Through 2021, Reports Technavio

LONDON–(BUSINESS WIRE)–Technaviomarket research analysts forecast the globalsedimentation and centrifugation market to grow at a CAGR ofclose to 7% during the forecast period, according to their latest report.

The market study covers the present scenario and growth prospects of theglobal sedimentationand centrifugation market for 2017-2021. This report alsopresents the vendor landscape and an analysis of the top vendors in themarket. It also discusses the market drivers, trends and challengesfaced by the industry and their impact on future markets.

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Technavio heavyindustry analysts highlight the following three market driversthat are contributing to the growth of the global sedimentation andcentrifugation market:

Increasing demand from process industries

Rising demand from emerging economies

Growing need for wastewater management solutions

Increasing demand from process industries

Process industries such as food and beverage, chemicals,pharmaceuticals, and pulp and paper require sedimentation andcentrifugation equipment for completing the production process with therespective raw materials to achieve the end-product. For instance, inthe food and beverage industry, a centrifuge is used to separatecream from milk. India is ranked as the leading country in terms ofproduction of milk, which constituted about 18.5% of the world’s milkproduction in 2015-2016. The integrated system of collecting,transporting, processing, and distributing the milk to the respectiveend-user is the main reason for the boom in the dairy sector in India.

The beverage industry requires the centrifugation process to separatesolids from liquids to achieve the desired result. For instance,wine making requires the sedimentation, centrifugation, and filtrationprocess for production. Similarly, the beerindustry is experiencing a significant growth globally.

“Apart from the food and beverage industry, the chemical andpharmaceuticals industry also requires sedimentation and centrifugationequipment for separating complex components. Thus, the growth in theseindustries will propel the market growth,” says Anju Ajaykumar, alead analyst at Technavio for unitoperations research.

Rising demand from emerging economies

The water and wastewater management, chemical, pharmaceuticals,and food and beverage industries are growing in emerging economies.China is also the leading home for the Asian pharmaceuticals industry.With an increased number of pharma companies and their respective R&Dwork, the demand for sedimentation and centrifugation equipmentalso increases.

Similarly, the food and beverage industry in Indonesia is predicted togrow by 16% in 2016, due to increased focus on the construction offactories in the country. Indonesia is a lucrative market for the foodand beverage industry as there is a huge population. With growing GDPand an increasing middle-class segment, the demand for variety in foodand beverages will drive the market for sedimentation and centrifugation.

Growing need for wastewater management solutions

Sewage wastewater recycling is a major concern for many countriesworldwide to protect their environment and prevent water contamination.This has led local municipalities and governments to allocate a specialbudget for wastewater management and purification solutions. APACis anticipated to experience the highest demand for centrifuges forwastewater purification. Governments across the globe are implementingregulations to monitor and control water pollution levels.

“This implies that many countries need water and wastewatertreatment, which will fuel the of the global sedimentation andcentrifugation market,” says Anju.

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About Technavio

Technaviois a leading global technology research and advisory company. Thecompany develops over 2000 pieces of research every year, covering morethan 500 technologies across 80 countries. Technavio has about 300analysts globally who specialize in customized consulting and businessresearch assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary researchtechniques to ascertain the size and vendor landscape in a range ofmarkets. Analysts obtain information using a combination of bottom-upand top-down approaches, besides using in-house market modeling toolsand proprietary databases. They corroborate this data with the dataobtained from various market participants and stakeholders across thevalue chain, including vendors, service providers, distributors,re-sellers, and end-users.

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