Underwater Pelletizing System Market Report Overview
- Request a Free sample to learn more about this report
The global underwater pelletizing system market size was USD 131.1 million in 2022 and market is projected to touch USD 181.77 million by 2031, exhibiting a CAGR of 3.7% during the forecast period.
An underwater pelletizing system involves melting the polymer in molten form, then squeezing it into the water-filled cutting chamber, then pelletizing, conveying, and dewatering it to become pellets. There is no better cutting system for all thermoplastics than the underwater pelletizer. Pellets that are submerged in water are cut by underwater pelletizing system. The system produces superior spherical pellets and is more versatile, especially when working with sticky polymers. A centrifugal dryer then treats the pellets as slurry.
Using an underwater pelletizer cutting system, the relative spatial relationship between the blades of an extrusion die can be adjusted finely. A carriage drives a motor which drives the cutting assembly, which may be self-aligning. A servomotor drives a ball screw to move the carriage relative to a fixed frame. A shaft is attached to the carriage at one end of the ball screw, which should have zero backlash. It is possible to provide a PLC control system for receiving operator input and running a cutting program, providing appropriate signals to the servomotor to advance the cutting assembly as the cutting assembly's blades wear out. An extrusion die can be measured by a measuring system connected to the PLC system to measure the contact pressure.
COVID-19 Impact: Halt on Machinery and Equipment to Hamper Market
A global economic slowdown has been caused by the COVID-19 outbreak, affecting various sectors. Consequently, the underwater pelletizing system market, a sector with such broad economic ties is expected to be affected both initially and over time by COVID-19. Even the petroleum, and petrochemical industry, which uses the underwater pelletizing system have had a huge impact during the time of pandemic. There are many checkpoints in the country where essential supplies for the C&PC sector are held up, according to the Indian Chemical Council (ICC). It was difficult for the employees to reach their workplaces, even though the manufacturers had operated. Employee safety has been a primary concern for the majority of the companies in the underwater pelletizing system supply chain. The petrochemical industry, pharma and food, and other critical industries are operating at half capacity. The ease of lockdown favored the market and the same is expected for the growth of the market.
Latest Trends
"Extensive Usage of Underwater Pelletizers in Coal Industry to Drive the Market Growth"
Underwater pelletizing of coal fines provides excellent coal recovery and produces a low-ash, low-moisture product. In order for agglomeration to occur, several factors must be taken into account, such as the rank of the coal, the type of oil added, and the amount of oil used.
Underwater Pelletizing System Market Segmentations
- Request a Free sample to learn more about this report
- By Type
The market is classified into below 1000 kg/h, 1000-5000 kg/h, and above 5000 kg/h based on type. The below 1000 kg/h segment will lead the underwater pelletizing system market share throughout the forecast period.
- By Application
The market is classified into petrochemical & chemical, pharma & food, and other on the basis of application. The petrochemical & chemical segment will lead the underwater pelletizing system market share throughout the forecast period.
Driving Factors
"External Appearance Quality of Underwater Pelletizing System to Drive the Market Growth"
By scraping off the plastic in the melt state and allowing the pellets to solidify after cooling by circulating water, pellets under the melt form no dust, and are uniform in size and shape. The pellets are more convenient to package, transport, and pack after they have been processed by the underwater pelletizing system. Traditional pelletizing involves extruding the polymer melt from the tape injection plate, cooling and solidifying it in a water spray cooling tank, and then cutting it in the pelletizer. As a result of this traditional pelletizing method, chips and dust will be produced. Aside from being uneven, pelletizing will also cause secondary pollution.
"Distinctive System Characteristics of Underwater Pelletizers to Drive the Market Growth"
The molten plastic is cut directly into pellets and removed by the cooling water after it exits the die hole. Controlling the temperature and flow rate of the circulating water can control the crystallinity of the pellets, thereby ensuring stable quality. The underwater pelletizer produces pellets with a high level of transparency and gloss, and the process of solid plastic pelletizing is affected by the high crystallinity of the plastic as a result of the delay in cooling, which affects the performance. Due to the fact that pelletizing is carried out underwater, oxidation of the product in the air is minimized. The system has a shortcoming as well. In order to prevent color mixing and unevenness caused by static electricity, the pellets must be dispersed before mixing the toner, because they are round particles.
Restraining Factors
"Occurrence of Die Hole Blockage of Underwater Pelletizers to Restrain the Market Growth"
Physical blockages of the die holes from contaminants in the material or poorly dispersed mineral fillers can result in pellets that are not consistent. Most of the time, it is desirable to have a screen changer or some kind of filtration before the die. Using a special hand-cleaning tool, this type of blockage can be removed from smaller systems. It is usually necessary to remove the die for cleaning on larger systems. Long periods of idle time should also result in reduced temperature profiles, including the die heat zone.
Underwater Pelletizing System Market Regional Insights
- Request a Free sample to learn more about this report
"Asia Pacific to Lead the Market Share Owing to Rising Population "
Asia Pacific is anticipated to lead the market throughout the forecast period due to the presence of more number of market players in the region. The rapid economic expansion and the population growth in the developing countries like India and China contributes a major factor for the underwater pelletizing system market growth. The growth of food and pharma industry as well as the chemical and petrochemical industry is expected to affect the growth of the global market as well.
Key Industry Players
"Leading Players Adopt Acquisition Strategies to Stay Competitive "
Several players in the market are using acquisition strategies to build their business portfolios and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the underwater pelletizing system market.
List of Market Players Profiled
- MAAG Group (Europe)
- Nordson (U.S.)
- Wuxi Huachen (China)
- ECON (Europe)
- Ips Intelligent Pelletizing Solutions (Europe)
- Coperion (Europe)
- Davis-Standard (U.S.)
- Farrel Pomini (U.S.)
- Trendelkamp (U.S.)
- Cowin Extrusion (China)
REPORT COVERAGE
In the report, factors affecting the market from both demand and supply are evaluated and market dynamics during the forecast period are also forecasted. Also included in the report is a comprehensive PEST analysis of countries, which assesses the governmental, financial, and shared factors influencing their markets. Apart from all of these, the report also provides drivers, restraints, opportunities, and future trends.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 131.1 Million in 2022 |
Market Size Value By |
US$ 181.77 Million by 2031 |
Growth Rate |
CAGR of 3.7% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Segments Covered |
Types & Application |
Regional Scope |
Global |
Frequently Asked Questions
-
What value is the underwater pelletizing system market expected to touch by 2031?
The underwater pelletizing system market is expected to reach a value of USD 181.77 million by 2031.
-
What CAGR is the underwater pelletizing system market expected to exhibit by 2031?
The underwater pelletizing system market is expected to exhibit a CAGR of 3.7% by 2031.
-
Which are the driving factors of the underwater pelletizing system market?
External appearance quality of underwater pelletizing system, and Distinctive system characteristics of underwater pelletizers are some of the major driving factors of the underwater pelletizing system market.
-
Which are the top companies in the underwater pelletizing system market?
The top companies in the market include MAAG Group, Nordson, Wuxi Huachen, ECON, and Ips Intelligent Pelletizing Solutions, etc.