The Growth of Loading Spout market is huge, the study analyzes each market player encompassed in the market study as per its market share, production footprint, current launches, agreements, ongoing R&D projects, and market strategies. SWOT analysis has been performed in the market study to investigate the strengths, weaknesses, opportunities and threats of each player.
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The global market for loading spout was valued at US$ 2,859.1 million in 2017. The market is expected to expand by 1.7x over the forecast period, 2018-2028.
Loading spout consist of a series of stacking cones that enables the product to free fall into the vessel that is being loaded and is used to prevent dust clouds from getting formed and settled on industrial equipment during various industrial processes. Loading spouts are used in various industries such as food and beverage, mining, oil & gas, shipping, pulp and paper, construction, chemical among others.
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Increased food grains production and dust control in food industry to augment loading spout demand
China is the top rice importing country in the world and has a tariff rate quota (TRQ) for 5.32 million tons that is evenly divided with 2.66 million of both long grain and others. ASEAN countries are also one of the major consumers of food grains and rice owing to the growing population in the Asian countries and the high inclusion of grains in the diet. This growth in the food processing industry is expected to upsurge the requirement of loading spout in the industries for handling bulk materials.
Global wheat trade for 2018-19 is forecast at a record, driven by strong demand resulting from rising incomes and shifting diets largely in Asia and Africa. While Argentina, Australia, Canada and the United States are forecast to have slightly higher production, the European Union and Black Sea region (mainly Russia) are down sharply.
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However, the dust control regulations in the European region are highly stringent in comparison to other regions ultimately resulting in growth of the loading spout market. In May 2006, five European multi-lateral financial institutions launched the “European Principles for the Environment” (EPE) and subscribed to a common declaration recognizing the comparable approach taken by the signatories to environmental management and to the integration of environmental considerations in their respective operations and mandates.
Growing construction and cement industry to boost loading spout market
The demand for loading spout from the cement industry has increased significantly in the last few years, due to increase in urbanization and growth in the industrial sector. Multinational companies are eyeing the Asia Pacific excluding Japan region in the anticipation of increased demand from the building & construction industry. China has become the largest cement producer in today’s global scenario, followed by India. A steady rise in the cement industry will increase the demand for its bulk handling, and in turn, loading spout.
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The Loading Spout market report provides the readers with the below-mentioned insights:
- Key trends, including ecological conservation, patented solutions, and globalization.
- Consumption pattern of each segment of the market in every region.
Detailed study of the factors (positive and negative) impacting the growth of the global Endobronchial Valves market.
- Critical analysis of R&D activities performed by market players to expand their production footprint across various industries.
- Thorough research of effect of the market across various end use industries.
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The Loading Spout market report gets rid of the following queries:
- Which end use has the highest rate of consumption and why?
- Which regions are the market players targeting to gain a competitive edge?
- What is the growth forecast of the global market in region?
- What is the Y-o-Y growth rate of the global market?
- Which segment will have the maximum share of the global market by the end of year?
And so on…..
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