The size of the Industrial Centrifuges Market in Latin America is anticipated to reach USD 1.56 billion by 2029 from USD 1.21 billion in 2024 growing at a CAGR of 5.21% from 2024 to 2029.
In Latin America, industrial centrifuges are used to separate two- or three-phase systems and have a wide range of applications. Several process industries are gradually incorporating various types of centrifuge equipment to separate two or three immiscible phases.
One of the most important factors is that Mexico is one of the leading markets in Latin America for industrial centrifuges. Over the last few years, the presence of a diverse range of local manufacturing and processing industries, such as oil and gas, mining, food and beverage, pharmaceutical, and biotechnology, has boosted the demand for industrial centrifuges. There is a growing demand for effective wastewater and sludge processing and strict regulatory regulations for industrial plant discharge limitations. Furthermore, rising demand from the pharmaceutical and biotechnology industries is likely to propel the industrial centrifuges market forward. The market is expected to profit from the rising demand for energy-efficient industrial centrifuges. Investment expenses for energy-efficient industrial centrifuges are typically modest in relation to capacity and have a small footprint.
The chemical sector in Latin America expanded by 2.0 percent in 2019, which was lower than the 2.7 percent growth seen in 2018. The fall in demand from the automobile sector is to blame for the slowdown in GDP. The future of old model vehicles has significantly impacted the Latin American automobile business, as major countries upgrade gasoline quality to cut emissions.
The high cost of industrial centrifuges, particularly in developing nations, is a key stumbling block to the market expansion in Latin America. Industrial centrifuges are expensive pieces of equipment, and the procedures that utilize them are usually costly.
This research report on the Latin America industrial centrifuges market has been segmented and sub-segmented into the following categories:
By Product:
By Operation:
By Design:
By End User:
By Country:
Geographically, the Latin American region accounted for a moderate share in the global market in 2020. The industrial centrifuges market in Latin America is majorly driven by the government of Mexico's increased focus on improving health care facilities, market players' increased focus on Latin America to leverage development prospects and the growth of the food processing and biotechnology industries.
Mexico, Brazil, and Argentina are expected to be the most significant in demand from the processed food, pharmaceutical, and wastewater treatment industries. Furthermore, Mexico's electricity demand is growing rapidly due to increased population and industrial expansion.
Chemical processing, food processing, including dairy and beverage processing, metal processing, mining and mineral processing, pharmaceutical and biotechnology industries, fuel and biofuel industries, wastewater processing, and pulp and paper industries are among the sectors that are expected to grow rapidly in the industrial centrifuges market in this region during the forecast period.
KEY MARKET PLAYERS:
Companies playing a leading role in the Latin America industrial centrifuges market are Thomas Broadbent & Sons, Andritz AG, Alfa Laval AB, GEA Westfalia Separator Group GmbH, FLSmidth & Co. A/S MI Swaco, Flottweg Separation Technology, Hiller GmbH, Ferrum AG, Pieralisi Group and TEMA Systems, Inc.
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