What is Global Granulator Knives Market?
The Global Granulator Knives Market is a specialized sector that focuses on the production and distribution of granulator knives. These knives are essential tools used in various industries for the granulation process, which involves reducing large chunks of raw materials into smaller, more manageable pieces. The market is global in nature, meaning it encompasses manufacturers, suppliers, and consumers from all around the world. The value of this market was estimated to be around US$ 39 million in 2023, and it is projected to grow to US$ 56 million by 2030. This growth is driven by the increasing demand for granulator knives in various industries, including plastic recycling, rubber recycling, and others.
D2 Type, Others in the Global Granulator Knives Market:
The Global Granulator Knives Market is segmented into different types, primarily D2 Type and others. The D2 Type granulator knives are the most popular, accounting for about 87% of the global market sales in 2020. These knives are known for their durability, sharpness, and ability to withstand high levels of stress, making them ideal for heavy-duty granulation tasks. On the other hand, the 'others' category includes a variety of granulator knives made from different materials and designed for specific applications. Despite the dominance of D2 Type, the 'others' segment also plays a crucial role in the market, catering to the unique needs of different industries.
Plastic Recycling, Rubber Recycling, Others in the Global Granulator Knives Market:
The Global Granulator Knives Market serves a wide range of industries, but the most significant usage is found in plastic recycling, rubber recycling, and others. In the plastic recycling industry, granulator knives are used to cut and shred plastic waste into small pieces, which are then melted and remolded into new products. This process is crucial in reducing plastic waste and promoting environmental sustainability. Similarly, in the rubber recycling industry, these knives are used to granulate used and waste rubber products for reuse. The 'others' category includes various other industries where granulation is required. In 2020, about 61% of the granulator knives were used for plastic recycling, highlighting the importance of this market in environmental conservation.
Global Granulator Knives Market Outlook:
The future outlook for the Global Granulator Knives Market is promising. In 2023, the market was valued at US$ 39 million, and it is expected to grow to US$ 56 million by 2030, with a Compound Annual Growth Rate (CAGR) of 5.3%. This growth is primarily driven by the increasing demand for granulator knives in various industries, particularly plastic recycling. Furthermore, North America is the leading consumer of granulator knives, accounting for about 40% of the global market share. This dominance can be attributed to the region's advanced industrial sector and strong emphasis on recycling and waste management.
| Report Metric | Details |
| Report Name | Granulator Knives Market |
| Accounted market size in 2023 | US$ 39 million |
| Forecasted market size in 2030 | US$ 56 million |
| CAGR | 5.3% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| 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 | D&S, SIJ Ravne Systems, TRO Cutting Tools, Pilana, Fernite of Sheffield, Great Lakes Industrial Knife, Zenith Cutter, OVS, International Knife & Saw, Povelato, D. B. Engineering, LUTZ BLADES, Hamilton Knife, New Asia Knives, Rowe Equipment, Qinghao Machine blade mould, Liuzhou Lian United Knives, Ma'anshan Renhe |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
