Magnetic Separator Market
The market for Magnetic Separator was estimated at $1.2 billion in 2024; it is anticipated to increase to $1.9 billion by 2030, with projections indicating growth to around $3.0 billion by 2035.
Global Magnetic Separator Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Magnetic Separator industry revenue is expected to be around $1.3 billion in 2025 and expected to showcase growth with 8.9% CAGR between 2025 and 2034. Its remarkable capability lies in its sorting and segregation of magnetic substances, in mixtures ushering in groundbreaking advancements across multiple sectors including mining, recycling and industrial manufacturing processes.
The Magnetic Separator represents the latest in separation technology advancements that bring about purity levels and operational efficiency while also being cost effective in its operations. There is a growing trend indicating the integration of Magnetic Separator technology with cutting edge advancements such as intelligence to achieve real time separation, with exceptional precision.
Market Key Insights
- The Magnetic Separator market is projected to grow from $1.2 billion in 2024 to $2.7 billion in 2034. This represents a CAGR of 8.9%, reflecting rising demand across Recycling Industry, Mining & Minerals Processing and Food Processing.
- Bunting Magnetics Co, Bruker, Eriez Manufacturing Co are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Magnetic Separator market and are expected to observe the growth CAGR of 6.5% to 9.3% between 2024 and 2030.
- Emerging markets including India, South Africa and Brazil are expected to observe highest growth with CAGR ranging between 8.5% to 11.1%.
- Transition like Shift Towards Clean Energy is expected to add $63 million to the Magnetic Separator market growth by 2030.
- The Magnetic Separator market is set to add $1.6 billion between 2024 and 2034, with manufacturer targeting Mining & Chemical Industry Application projected to gain a larger market share.
- With Rising demand in recycling industry, and Technological advancements in magnetic separators, Magnetic Separator market to expand 135% between 2024 and 2034.