According to the most recent survey report published by Fact.MR, demand for drum decanters will stabilize in 2021. As the impaired global economy is slowly moving towards positive growth, the sales for drum decanters are most likely to experience steady growth.
The informative report by Fact.MR tracks global market sales for 2016-2021, with forecasts for the year 2021-2031.
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Segmentation:
Global drum decanters market is segmented on the basis of product type, production capacity, application and region.
Based on product type, global drum decanter’s market is segmented as:
- Sta
- Mobile
Based on production capacity type, global drum decanter’s market is segmented as:
- Less than 2 tph (tons per hour)
- 2- 4 tph
- Above 4 tph
Based on reservoir storage capacity type, global decanter’s market is segmented as:
- Less than 10,000 litres
- 10,000 and Above Litres
Based on applications type, global decanter’s market is segmented as:
- Food & Beverage
- Chemical & Additives
- Oil Blending
- Road Construction
- Others
With the rapid growth in the manufacturing industry, the static drum decanters segment is estimated to witness high growth over the forecast period.
On the other hand, high government investment in infrastructure building will aid in the expansion of the global drum decanters market over the forecast period.
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Competitive interface:
Prominent players of the global Drum Decanter market are:
- Kesar road equipments (India) pvt. ltd.
- Atlas technologies private limited.
- Alltech Industries India Pvt. Ltd.
- Parker Plant Limited
- Fab-India industries
- and other prominent players.
Besides, key market players are focusing to target developing countries to supply the drum decanters that will help to capture significant revenue share in the global market.
Regional Outlook:
The global drum decanters market can be segmented into seven regions: North America, Latin America, Europe, CIS & Russia, Japan, APEJ (the Asia Pacific excluding Japan) and MEA.
Among the aforementioned regions, North America is predicted to account for the highest market share in the global drum market due to the growing preferences of packaged food among consumers.
APEJ region is anticipated to showcase robust growth in the global drum decanters due to the rapidly growing manufacturing industries along with the high infrastructure investment in the key countries, such as India, China, and Indonesia.
In addition, a rapidly growing urban population in APEJ is one of the key factors that will generate the demand for drum decanters during the forecast period. On the other hand, the growing oil and chemical industry in MEA will hit the demand for drum decanters over the forecast period.
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