Global Mesh Nozzle Plates Market Size, Share & Industry Trends Analysis Report By Application, By Material Type (Metal & Alloys, Ceramic or Piezoceramics, and Engineered Plastic), By Regional Outlook and Forecast, 2023 - 2030
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Market Report Description
The Global Mesh Nozzle Plates Market size is expected to reach $48 million by 2030, rising at a market growth of 6.2% CAGR during the forecast period.
Mesh nozzle plates have benefits in terms of decreased waste, optimized material utilization, and regulated spray dispersal. Germany is well-known for its advanced technology and excellent manufacturing. The Europe region will capture around 30% share in the market by 2030, as the region has a robust industrial foundation and expertise in many industries, including food processing, chemical processing, pharmaceuticals, and the automobile industry. It results in the creation of premium mesh nozzle plates that satisfy the demanding standards of industries. Some of the factors impacting the market are Growth of the petrochemical and chemical industries, Government rules aimed at protecting the environment are being increased, and High Initial Cost.
The chemical industry consumes the most industrial energy and produces any subsector's third-highest direct CO2 emissions. This is because the energy input for the chemical subsector is consumed as feedstock or fuel that is used as a raw material input rather than an energy source. The nozzles may also remove corrosive chemicals and dirt from reactors, storage tanks, train carriages, and process vessels when cleaning tanks. Spray nozzles can be utilized to put out open system fires. Additionally, in every nation, the government is taking a number of steps to safeguard the environment from pollution and hazardous substances. For instance, strict air pollution control requirements in Europe require using mesh nozzle plates in many industries, including the automotive, power generation, and chemical processing industries. The End-of-Life Vehicles (ELV) Directive, which the European Union established, mandates that automakers employ these plates to lower vehicle emissions. Therefore, the market is growing due to rising environmental concerns and governmental regulations addressing concerns and the demand for spray nozzles is rising along with the growth of the petrochemical and chemical industries, thereby leading to market growth.
However, Mesh nozzle plates may be more expensive up front, which may deter potential purchasers, especially small & medium-sized firms with tight budgets. These plates might save money in the long run and provide benefits, but their high initial cost may prevent some businesses from considering them as feasible solutions. Particularly if the technology is relatively new or has not yet been widely implemented in the industry, high initial costs may raise the perceived risk of investing in mesh nozzle plates. Considering these aspects, the market is expected to witness slow growth in the upcoming years.
Material Type Outlook
On the basis of material type, the market is segmented into metal & alloys, engineered plastic, and ceramic or piezoceramics. In 2022, the metal & alloys segment dominated the market with the maximum revenue share. This is because metallic nozzle plates are extremely durable and used in many sectors. Because they are widely used in industrial settings, including printers, humidification systems, and spray head plates. For example, Aroma Sense USA provides a selection of steel spray plates to be substituted for Aroma Sense Prestige showerheads.
Based on application, the market is classified into medical, electronics, cosmetics, and others. The medical segment garnered a significant revenue share in the market in 2022. Due to their use in implants and medical equipment, mesh nozzle plates are extremely sought after in the medical industry. These plates are utilized in various medical operations, such as medication delivery systems, tissue engineering, and wound healing.
|Market size value in 2022||USD 29.9 Million|
|Market size forecast in 2030||USD 48 Million|
|Historical Period||2019 to 2021|
|Forecast Period||2023 to 2030|
|Revenue Growth Rate||CAGR of 6.2% from 2023 to 2030|
|Number of Pages||170|
|Number of Table||269|
|Report coverage||Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling|
|Segments covered||Material Type, Application, Region|
|Country scope||US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria|
Region wise, the market is analyzed in North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region registered the highest revenue share in the market. Several variables have influenced this market domination. Firstly, particularly in research & development, the United States is recognized for its technological breakthroughs. As a result, innovative technologies in spray nozzles have been created, including mesh nozzle plates. Second, the U.S.'s robust distribution network is a major factor in its popularity. The nation has a strong distribution system in place that makes these plates widely available throughout various areas. With the help of this network, producers can connect with various clients and industry segments, fostering consistent market expansion.
Free Valuable Insights: Global Mesh Nozzle Plates Market size to reach USD 48 Million by 2030
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Omron Corporation, Temicon GmbH, Veco B.V. (Muon Group), Informatic Component Technology Limited, Tekceleo, MicroBase Technology Corporation, APC International, Ltd., Aerogen Ltd. and Piezo Direct.
Scope of the Study
Market Segments Covered in the Report:
By Material Type
- Metal & Alloys
- Ceramic or Piezoceramics
- Engineered Plastic
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Omron Corporation
- Temicon GmbH
- Veco B.V. (Muon Group)
- Informatic Component Technology Limited
- MicroBase Technology Corporation
- APC International, Ltd.
- Aerogen Ltd.
- Piezo Direct
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What would be the size of this Market by 2030?
The Market size is projected to reach USD 48 million by 2030.
What are the key driving factors and challenges in this Market?
Growth of the petrochemical and chemical industries are driving the Market in coming years, however, High Initial Cost restraints the growth of the Market.
What are the major top companies in the competitive landscape?
Omron Corporation, Temicon GmbH, Veco B.V. (Muon Group), Informatic Component Technology Limited, Tekceleo, MicroBase Technology Corporation, APC International, Ltd., Aerogen Ltd. and Piezo Direct.
Which segment is leading the Market in 2022?
The Electronics segment is leading the Market by Application in 2022; thereby, achieving a market value of $17.8 million by 2030.
Which region dominated the Market in 2022?
The North America region dominated the Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $16,530.7 Thousands by 2030.