What is Global Underwater Pelletizer Market?
The Global Underwater Pelletizer Market is a vast and dynamic sector that deals with the production and distribution of underwater pelletizers. These are machines used in the plastic industry to cut plastic strands into pellets, which are then used in various applications. The market is global in nature, with various key players operating in different regions around the world. The underwater pelletizer market is a crucial component of the broader plastic industry, contributing significantly to its growth and development. The market's value was pegged at US$ 212.7 million in 2022, and it is projected to grow to US$ 294.5 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 4.7% from 2023 to 2029.
Strand Palletizing System, Underwater Palletizing System in the Global Underwater Pelletizer Market:
The Strand Palletizing System and the Underwater Palletizing System are two key components of the Global Underwater Pelletizer Market. The Strand Palletizing System involves the extrusion of molten plastic through a die, which is then cooled and cut into pellets. On the other hand, the Underwater Palletizing System involves the cutting of the plastic strands under water, which allows for immediate cooling and solidification of the pellets. This method is preferred for its efficiency and the high quality of pellets it produces. Both these systems are integral to the functioning of the underwater pelletizer market and contribute significantly to its overall value.
Petrochemical Industry, Plastics recycling industry, Others in the Global Underwater Pelletizer Market:
The Global Underwater Pelletizer Market finds its applications in various industries such as the Petrochemical Industry, Plastics Recycling Industry, and others. In the Petrochemical Industry, underwater pelletizers are used in the production of plastic resins, which are then used in the manufacture of various plastic products. In the Plastics Recycling Industry, these machines are used to recycle plastic waste into reusable pellets. Other industries that use underwater pelletizers include the food and beverage industry, the pharmaceutical industry, and the construction industry. The versatility and efficiency of these machines make them a valuable asset in these industries.
Global Underwater Pelletizer Market Outlook:
The Global Underwater Pelletizer Market is a highly competitive one, with several key players vying for market share. As of 2022, the market was dominated by China, which held about 54% of the global market share. The United States followed closely, accounting for about 19% of the market share. The top three companies in the market held about 22% of the total market share. This indicates a fairly fragmented market, with several players contributing to its growth and development. Despite the competition, the market is projected to grow at a steady pace, driven by increasing demand for plastic products and the need for efficient and sustainable production methods.
| Report Metric | Details |
| Report Name | Underwater Pelletizer Market |
| Accounted market size in 2022 | US$ 212.7 million |
| Forecasted market size in 2029 | US$ 294.5 million |
| CAGR | 4.7% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | 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 |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
