According to the search results, the prospects of the granulator ring die production industry in 2024 are predicted as follows:
• Industry development drivers: With the increasing demand for fine processing in various industries and policy support, the market has maintained a steady growth trend. The demand for raw material granulation in agriculture, food, chemical industry and other fields has increased significantly, which has promoted the expansion of the ring die granulator market.
• Technological progress and innovation: The widespread application of intelligent and automated equipment and the application of new materials have improved production efficiency and product quality, and promoted market development.
• Market direction:
• Environmental protection and sustainable development: Environmentally friendly ring-die granulators have become a new trend in the market, as society’s awareness of environmental protection increases.
• Personalized needs: Different industries have specific requirements for equipment performance, processing accuracy, etc., prompting manufacturers to provide customized services to meet market demand.
• Digital transformation: Using big data and cloud computing technology to optimize production processes and improve equipment intelligence are key directions for future development.
• Market size forecast: It is expected that the ring die granulator market will maintain steady growth until 2024, with a compound annual growth rate of approximately 5%.
• Outlook for subdivisions: Market demand in subdivisions such as agricultural machinery, food processing, and chemical manufacturing will continue to increase and become the main driving force for market development.
• Enterprise competitive strategy: In the face of future opportunities and challenges, enterprises need to keep up with the pace of technological innovation, deepen the application of environmental protection concepts, provide personalized solutions, and accelerate the process of digital transformation, in order to occupy an advantageous position in the fierce market competition.
• Main application areas and market share:
• Agricultural fertilizer production: It is expected that the demand for ring-die granulators in China’s agricultural fertilizer production field will account for 35% of the overall market share in 2024, an increase of 10% from the previous year.
• Feed processing: The market share is expected to reach 28% in 2024, an increase of 15% over the past five years.
• Biomass energy: Market demand in the biomass energy field is expected to account for 15% of the overall market share in 2024, an increase of 30% compared with ten years ago.
• Market size growth: According to forecasts from market research institutions, the size of China’s ring die granulator market is expected to exceed RMB 15 billion in 2024, a year-on-year growth of 7.8%.
• Industry development trends: The growth of China’s ring-die granulator market in the next five years will mainly benefit from intelligence and automation, environmental protection and sustainability, personalized customized services, and international cooperation and market expansion.
To sum up, the granulator ring die production industry shows strong vitality and broad development space in 2024. The market is expected to maintain steady growth, and companies need to continue to innovate and adapt to market changes to maintain competitiveness.