Weak Economic Scenario to Affect Demand for Industrial Agitators in North America

Published Date : Mar 31, 2016

Industrial agitators are used for various mixing applications across manufacturing industries including petrochemical, oil and gas, chemical, pharmaceutical, and food and beverages. Industrial agitators help to attain a desired level of uniformity while mixing two or more materials in different proportions and viscosities. Wastewater treatment industries also use industrial agitators to clean water by removing various pollutants such as sulphur in water.  

The rapid growth of manufacturing and process industries in the developing economies is expected to boost the growth of the global industrial agitator market. Countries such as India, Japan, and China are contributing significantly towards the growth of the market. The demand for advanced industrial agitators for specific end-use applications across the manufacturing sector will further augment the growth of the market in the coming years. However, the need for frequent servicing and installation as well as high maintenance costs are expected to restrain the overall growth of the market. 

Manufacturing Sector in North America is slowing down, Asia Pacific to fuel Demand from Global Industrial Agitator Market

Among the major types of industrial agitators, the demand for top entry industrial agitator has been the highest owing to the increased application of top entry industrial agitators across industries such as petrochemical, water and wastewater treatment, and oil and gas. North America is the leading region in the global industrial agitators market. The growing demand for efficiency to reduce downtime in manufacturing and process industries in the region has fuelled the demand from the market. However, low crude oil prices and slowing demand for commodities goods have slowed down the manufacturing sector in North America. As a result, Asia Pacific is expected to drive the demand from the market in the coming years owing to the rapid industrialization.