Global and China underwater pelletizer market status and future development trend
Underwater
pelletizer refers to a unit that adds different additives to resins
according to different uses, undergoes heating, mixing, extrusion
molding, and turns resin raw materials into granular products suitable
for secondary processing. Plastic pelletizers are widely used in the
petroleum and petrochemical industries.
Major driving factors:
The
growth of the manufacturing industry on a global scale has driven the
demand for plastic particles. Underwater pelletizers are widely used in
the plastic processing industry and can melt plastics into granules and
be used as raw materials to manufacture various plastic products. With
the rapid development in the global manufacturing field, the demand for
underwater pelletizers has also increased correspondingly. Plastics are
widely used in various industries, including packaging, automobiles,
construction, and consumer goods. With population growth, accelerated
urbanization, and the wide application of plastics in various
application fields, the demand in the plastic market is continuously
increasing, which directly drives the demand for underwater pelletizers.
Major restraining factors:
The
purchase and installation costs of underwater pelletizers are
relatively high, especially for large-scale production or specialized
equipment. This may pose a certain burden on small and medium-sized
enterprises or manufacturers in emerging markets and may limit the
adoption of underwater pelletizers. The operation of underwater
pelletizers is relatively complex and requires a high degree of
technical expertise. For operators, the technical training and learning
curve for adapting to new technologies may take some time. Some
enterprises may lack technical experts and talents who can cope with
technical challenges, which may be a hindrance to the adoption of
underwater pelletizers.
In
2023, the global underwater pelletizer market sales reached 224 million
US dollars. It is expected to reach 307 million US dollars in 2030,
with a compound annual growth rate (CAGR) of 4.7% (2024-2030). From a
regional perspective, the Chinese market has changed rapidly in the past
few years. In 2023, the market size was XX million US dollars,
accounting for about XX% of the global market. It is expected to reach
XX million US dollars in 2030. By then, the global market share will
reach XX%.
China
is the largest underwater pelletizer market, accounting for about 54%
of the market share, followed by the United States, accounting for about
19% of the market share.
The
main manufacturers are Coperion, ECON, Reduction Engineering, Farrel
Pomini, KY Solution, PSG, Girung Industries, Wuxi Huachen, Lantai
Plastic Machinery, Nanjing Juli, Sichuan Sinnoextruder, Nordson, Nanjing
GIANT, Harden, Crown Machine, Cowin Extrusion, Adlbut, Gala Industries,
Chuangbo Machine, Margo Industries, etc. The top three manufacturers
account for about 22% of the market share.
