The overall powder induction and dispersion systems market is projected to grow from USD 843 million in 2018 to USD 1,112 million by 2023, at a CAGR of 5.7%. The use of powder induction and dispersion systems follows the increasing need for advanced mixing technologies and precision solutions. The demand for improving process safety and increasing production capacity is projected to increase the application of powder induction and dispersion systems in the pharmaceuticals industry.
The pharmaceutical industry witnesses significant adoption of powder induction and dispersion systems due to their sanitary standards and precision mixing requirements in pharmaceutical companies.
The powder induction and dispersion systems market is segmented, on the basis of application, into food & beverages, pharmaceuticals, cosmetic and personal care products, and chemicals. On the basis of application, the pharmaceutical segment is estimated to hold a larger share of the powder induction and dispersion system market in 2018. The active pharmaceutical ingredient (API) is a powder that is blended with other powders (excipients) or liquids to produce tablets and gel capsules. Powder induction and dispersion systems find application in the pharmaceutical industry; from products low in viscosity such as injections and cough syrup to highly viscous products such as suppositories and dental masses.
North America is estimated to be the largest market for powder induction and dispersion system in 2018. The high concentration of manufacturers and increasing local demand for powder induction and dispersion systems in North America are factors responsible for the region’s domination during the forecast period. The major driving factors driving the demand for powder induction and dispersion systems market in the region include increasing volumes in pharmaceutical production, need for greater efficiency, and elimination of material loss during processing.
Key players in the market include Admix Inc. (US), John Bean Technologies Ltd. (US), SPX Flow (US), Ystral GmbH (Germany), IDEX Corporation (US), Charles Ross & Son Co. (US), Hayward Gordon Group (Canada), Axiflow Technologies Ltd. (US), Silverson Machines Inc. (UK), Noritake Co. Ltd (Japan), IKA Werke GmbH (Germany), and Joshua Greaves & Sons Ltd. (UK). These players are undertaking strategies such as new product launches, acquisitions, and expansions to improve their market position and extend their competitive advantage.
