Granulator Blade Market Size, Share, Growth, and Industry Analysis, By Type (Flat Blade and Granulation Roller Blade), By Application (Plastic Recycling, Rubber Recycling and others), Regional Insights, and Forecast To 2032

Updated On: 22 April 2024

REPORT OVERVIEW

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The global granulator blade market size was 41 million in 2022. As per our research, the market is expected to reach USD 56 million by 2028, exhibiting a CAGR of 5.2% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with granulator blade experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

A granulator blade is a critical component used in granulator machines, which are industrial devices designed to break down larger materials into smaller particles or granules. Granulation is a process widely utilized in various industries, including plastics recycling, pharmaceuticals, chemicals, food processing, and more. The granulator blade's primary function is to effectively cut, shred, or pulverize materials, facilitating the transformation of raw materials or waste into manageable particles for further processing or disposal.

Granulator blades are typically manufactured using materials that offer a balance of hardness, toughness, and wear resistance. Common materials include high-speed steel, tool steel, and tungsten carbide. The blade's design is engineered to ensure optimal cutting efficiency and precision. It may feature various cutting edges, angles, and profiles based on the type of material being processed. These utilize sharp edges to cut and shred materials as they pass through the granulator machine. The blades may be mounted on a rotor that rotates at high speeds, effectively breaking down the input material.

COVID-19 IMPACT: Increased Demand in Medical and E-commerce sectors to Boost Demand Significantly

COVID-19 had a life changing impact globally. The granulator blade market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for granulator blade experienced an increased demand.

Many manufacturing facilities faced temporary closures or reduced capacity due to health and safety measures. Social distancing and hygiene protocols affected workforce availability and production efficiency. Industries that heavily rely on granulator blades, such as plastics recycling and manufacturing, experienced disruptions in their operations. Reduced economic activity and uncertainties led to fluctuations in demand for granulator blades.

However, the pandemic highlighted the importance of the medical and pharmaceutical sectors. Granulator blades used in pharmaceutical manufacturing might have experienced sustained or increased demand due to the production of medications, vaccines, and medical supplies. The pandemic underscored the importance of sustainable practices. As industries aimed to recover and rebuild, the focus on recycling and waste reduction could have impacted the demand for granulator blades in recycling processes. The rise in e-commerce led to increased demand for packaging materials, potentially affecting the demand for granulator blades in plastics recycling and packaging industries. The market is anticipated to boost the granulator blade market share following the pandemic.

LATEST TRENDS

"Customization for Diverse Applications to Broaden Market Growth"

Different industries require specific blade configurations to suit their materials and processes. Manufacturers are increasingly offering customized blade solutions tailored to the unique needs of various sectors, such as plastics recycling, pharmaceuticals, and food processing. Ongoing research and development have led to the exploration of new materials and coatings that enhance the wear resistance and durability of granulator blades. Blades made from advanced materials such as tungsten carbide and diamond coatings offer improved performance and longer lifespans. The use of digital twin technology allows manufacturers to create virtual models of granulator blades and machines. This technology aids in simulation, testing, and predictive maintenance, ultimately leading to better blade design and performance. These latest developments are anticipated to boost the granulator blade market share.

SEGMENTATION

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• By Type

Based on type, the market is divided into flat blade and granulation roller blade.

• By Application

Based on application, the market is bifurcated into plastic recycling, rubber recycling and others.

DRIVING FACTORS

"Increasing Product Variety to Boost Market Share"

Different industries have diverse granulation requirements based on the materials they process and the desired particle sizes. Manufacturers are responding by offering customized blade solutions tailored to specific applications. This customization ensures that industries can achieve the desired granulation outcomes, whether it's creating consistent particle sizes in pharmaceuticals or facilitating efficient plastics recycling. As industries diversify their product lines and offerings, the need for granulator blades that accommodate a wide range of materials and processing methods is growing. Blades that can handle various materials contribute to operational flexibility and efficiency.

"Technological Advancements to Boost Market Size"

Innovations in blade materials, design, and manufacturing techniques are driving the granulator blade market forward. Advancements in materials such as tungsten carbide and coatings that enhance wear resistance and durability are resulting in longer-lasting and more efficient blades. Precision manufacturing technologies like CNC machining enable the production of blades with optimized cutting edges, contributing to improved performance. These factors are anticipated to drive the granulator blade market share.

RESTRAINING FACTORS

"Competition and Price Pressure to Hamper Market Share"

The granulator blade market can be competitive, leading to price pressures for manufacturers. Increased competition from both domestic and international suppliers might lead to margin squeeze, impacting profitability and potentially affecting investment in research and development for better blade technologies. The upfront cost of high-quality granulator blades can be substantial. Industries with tight budgets or limited resources might opt for lower-cost alternatives, compromising on blade quality and performance. This can lead to increased wear, reduced operational efficiency, and higher maintenance costs in the long run. The factors are anticipated to hinder the growth of the granulator blade market share.

REGIONAL INSIGHTS

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"North America Dominates the Market with Diverse Industries "

North America, including the United States and Canada, has historically been a major player in the global industrial equipment market, including granulator blades. The region is home to a diverse range of industries, such as plastics recycling, pharmaceuticals, and chemicals, which heavily rely on granulation processes. The high industrialization, technological innovation, and advanced manufacturing capabilities in North America contribute to its influence in the granulator blade market.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• D&S [U.S.]
• SIJ Ravne Systems [Slovenia]
• TRO Cutting Tools [Germany]
• Pilana [Czech Republic]
• Fernite of Sheffield [U.K]
• Great Lakes Industrial Knife [U.S.]
• Zenith Cutter [U.S.]
• OVS [U.S.]
• International Knife & Saw [U.S.]
• Povelato [Italy]
• D. B. Engineering [India]
• LUTZ BLADES [Germany]
• Hamilton Knife [U.S.]
• New Asia Knives [China]
• Rowe Equipment [U.S.]
• Qinghao Machine Blade Mould [China]
• Liuzhou Lian United Knives [China]
• Ma'anshan Renhe [China]

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.