HVAC and Construction Industry Pneumatic Conveying Systems Market Trends, 2024

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Pneumatic Conveying Systems Market Size, Analysis, Growth,
Trends,Competitive Strategiesand Forecasts to 2025 | Hexa
Research
“The global pneumatic conveying systems market size
was estimated to be worth USD 22.11 billion in 2016
and is likely to be driven by the rising demand for
robust and advanced material handling equipment”
The global Pneumatic Conveying System Market size to reach USD 30.40 billion by 2025, augmented by the
advancement of technology resulting in its increasing use for various applications including food processing
and pharmaceutical. Europe was the largest market valued at over USD 6.5 billion in 2016 . However, it is
expected to witness steady growth over the forecast period on account of increase in trade barriers created
by Brexit, Russian military intervention in Ukraine and slowdown of the Chinese economy.
Asia Pacific is anticipated to witness the fastest growth over the forecast period at CAGR of 6.6% on account
of increase in production of pharmaceutical as well as rubber & plastics. Growing domestic demand for these
products is expected to provide an impetus to the pneumatic conveying system market.
Rubber & plastics accounted for 19.4% of the global market share in 2016 and is projected to increase as a
result of the increasing demand for these products in various sectors including aviation, automobile and
construction. Moreover, pneumatic conveying systems swiftly adapt to the constantly evolving technology for
processing of these commodities, which is expected to play a crucial in driving the growth of the market.
Dilute phase conveying system was the largest contributor to the global industry in 2016. The segment is
expected to grow at a CAGR of 6.2% over the next nine years on account of its increasing use for handling a
broad range of materials including sand, feldspar, carbon black, fly ash, glass cullet, cocoa beans, candies,
resins, hazelnuts, and sorbitol.
Browse Details of Report @ https://www.hexaresearch.com/research-report/pneumatic-conveying-
systems-market
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