| |MAY 202219CHEMICAL INDUSTRYThe chemical industry is estimated to dominate the industrial agitator market, reaching over $1.1 billion by 2024. This growth can be attributed to the rising demand for customized agitators in this sector. Chemical Industry has high requirements for suspension, reaction, mixing and dispersion of raw materials. Hence, there is growing demand for implementation of these devices. The shift from conventional utilization capacity to focus on the capability to perform efficient and timely order fulfillment is projected to boost the regional manufacturing sector, thereby, augmenting the demand for industrial agitators.MARKET RESTRAINTSHigh Installation Cost: The increasing installation costs and the requirement of proper maintenance and repair of these Industrial Agitators irrespective of the size of the end-user applications are hindering the overall growth of the Industrial Agitator market. The abrasive industrial applications can potentially cause aggressive wear and tear on the vessel surface. Additionally, the scrappers in the industrial agitators are extensively exposed to excessive frictions, which might require regular maintenance and repair. Such factors impose significant ownership costs as well.Design Issues: The declining production rate of the end user industries might also negatively impact the industrial agitator market growth. Additionally, the issues with the dual-agitation vessels and the multi-vessel mixing systems add more complexity to the industrial processes. Some manufacturers are designing the agitators with the slower moving scrape surface agitation with higher shear mixer. Such designs might limit the mixing action and increase the overall time taken for the process. These design related issues are considered as the major challenge for the overall growth of the Industrial Agitator market.FUTURE OF INDUSTRIAL AGITATOR MARKETIndustrial agitators market will help industry consultants, equipment manufacturers and existing players who are searching for expansion opportunities. On the other hand, new players will search for possibilities and other stakeholders to align their market centric strategies according to the on-going and expected trends in the future.
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