Issue link: https://www.e-digitaleditions.com/i/1252179
June 2020 / 13 Manufacturing Companies, Con- tract Manufacturing Organizations, Research Institutes, and Others), and by Region (North America, Latin America, Europe, Asia Paci c, Middle East, and Africa) by Coherent Market Insights, a market intelligence and consulting organization. The report notes that many com- panies are investing in granulator research and development and continuous manufacturing, the latter of which is expected to accel- erate market growth during the forecast period. Three large phar- maceutical industry players, the Centre for Process Innovation (CPI), GlaxoSmithKline, and AstraZeneca, announced their collaboration to operate a continuous wet granu- lation manufacturing facility. The companies are developing new Pharmaceutical granulators market expected to reach value of $3,435.8 million The pharmaceutical granulators market is forecast to reach a value of $3,435.8 million in 2019 and grow at a 5.6 percent compound annual growth rate (CAGR) through 2027. Key companies in the pharma- ceutical industry are expected to expand their production facilities, triggering signi cant growth in the granulator market, according to the report Global Pharmaceutical Granulators Market, by Product Type (Single Pot Granulators, High Sheer Granulators, Fluid Bed Granulators, Rapid Mixer Granulators, Oscillating Granulators, and Others), By Granu- lation Mechanism (Dry Granulators, Wet Granulators, and Mixed Granu- lators), By End User (Pharmaceutical that performs global forecasting and quantitative analysis. The two organizations forecast that the con- struction industry will grow by 85 percent through 2030, reaching $15.5 trillion in terms of global out- put value. They predict that China, India, and the US will account for nearly 57 percent of that increase. As a whole, the construction indus- try is expected to grow 3.9 percent annually through 2030, which would mean that the industry would outpace world GDP by 1 per- centage point. Because of the joint report's forecast for construction industry growth, bucket elevator demand should also increase sig- ni cantly because the equipment is used in vertical movement of mate- rials at construction sites. According to the report, bucket elevators have multiple uses, and their versatility means that bucket elevators should see widespread adoption across different indus- tries. Bucket elevators are able to haul heavy non-free- owing mate- rials, making them suitable for the construction and mining industries. Bucket elevators are also useful in processing industries where mate- rial size varies widely as bucket elevators are customizable in their size to suit various applications. Bucket elevators are also expected to experience market growth because they have low mainte- nance and because of advances in machine design, they can be energy ef cient for low operational costs. These factors and others are expected to have a positive impact on market growth during the fore- cast period. For more info and to purchase a copy of the report for $4,850, visit www.fortunebusiness insights.com. For Application Support and/or Information Please Contact Us At: P: 1-877-224-0653 www.mpd-inc.com Buy With Confidence: Test Your Material For Free • Food • Granola/Fruit • Pharmaceuticals • Cocoa Liquor • Candy • Pet Food/Treats Excellent for Recycle & Reclamation Systems 9" Up to 36" – Over 60 Sizes and Configurations Available Crushers and Rigimills For Use in USDA Dairy Applications Generous Access for Cleanability, Inspection, and Maintenance PROBLEM FREE PNEUMATIC CONVEYING BULK BAG UNLOADERS RIGID BLADE HAMMERMILL Single Rotor, Dual Rotor, and Single Drum Rotor Crushers