ALBANY, N.Y.--(BUSINESS WIRE)--The research report “Bulk Material Handling Products & Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, published by Transparency Market Research, states that the market is expected to reach US$62.36 billion by end of 2020, from a value of US$57.60 billion in 2013. The overall market will grow at a 1.2% CAGR during 2014-2020.
The bulk material handling products and technologies report informs the reader about the growth factors, end-use application sectors, and demand trends for bulk material in industrial infrastructure, industry automation, construction, mining and chemical industries.
The integral role of this market is to transport iron ores, cereals, coal, and wood chips from their storage location to the location of their application. The report covers the demand from various industries and how bulk material handling equipment propels growth in developing countries such as India, China, and Indonesia.
By types, the study report segments the global bulk material handling products and technologies market into powder materials and others (including wood chips, coal, and iron ores). In addition, the market is segmented into mining, chemicals, sawmills, paper mills, oil and gas, agricultural farms and others (including pharmaceuticals and construction), on the basis of end users.
The study describes the multiple opportunities for the bulk material handling products in feeding reactors, product containment, and stirrer containers with basic chemicals in the pharmaceutical industry. Demand for these products is also high in assembly lines and agriculture, for the movement and storage of powder bulk and crop materials.
Browse All Semiconductor & Electronics Reports: http://www.transparencymarketresearch.com/semiconductor-market-reports-5.html
TENOVA (Italy), SENET (South Africa), ThyssenKrupp AG (Germany), Metso (Finland), FLSmidth & Co. A/S (Denmark) and TRF Ltd (India) are the noticeable market players in this market.
About Transparency Market Research
Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.