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According to the latest report by IMARC Group, titled “Industrial Agitators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026; the global industrial agitators market exhibited moderate growth during 2015-2020. Industrial agitators represent rotating machines that mix and homogenize various products with equal phases by creating a flow between solids and liquids. They are used in numerous industries for heat transfer, emulsification, suspension, high viscosity blending, gas dispersion, etc. Presently, several manufacturers are offering a comprehensive and advanced range of high-efficiency and high-speed industrial agitators for easily transforming raw materials into the desired product of plastic, stainless steel, or fiberglass reinforced plastics (FRP) tanks.
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The escalating product utilization in the pharmaceutical industry for improving the overall performance and reducing the production cost of medicines is among the primary factors driving the industrial agitators market. Apart from this, the rising prevalence of numerous chronic diseases across the globe is also positively influencing the market growth. Additionally, the growing demand for ready-to-eat (RTE) food products is increasing the adoption of industrial agitators in the food and beverage industry and augmenting the global market. Besides this, these products are gaining traction in water and wastewater management, wherein they perform solids suspension, dissolution, flocculation, etc. This, in turn, is acting as another significant growth-inducing factor. Furthermore, the elevating popularity of biodiesel is fueling the product usage in the oil and gas industry for mixing petrochemicals, which is also bolstering the market growth. In line with this, the launch of numerous initiatives by government bodies to encourage the utilization of biodiesel in power generation, vehicles, residential and commercial heating, etc., is anticipated to stimulate the industrial agitators market in the coming years. Looking forward, IMARC Group expects the market to grow at a CAGR of 5% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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