Doctor Blade Market Size Worth $192.90 Million By 2024 | CAGR: 2.3%: Grand View Research, Inc.

SAN FRANCISCO, Oct. 29, 2019 /PRNewswire/ -- The global doctor blade market size is anticipated to reach USD 192.90 million by 2024, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 2.3% during the forecast period. The market is driven by rising application of doctor blade in flexography, rotogravure, and offset printing systems. The use of plastic materials, such as polyethylene and polyester for manufacturing doctor blade is expected to further fuel the growth. Plastic blades are lightweight, economical, and safer to use than their metal and composite counterparts, which is expected to bode well for the demand in near future.

The rise in demand for high-quality packaging in Asia Pacific and North America is expected to positively influence the overall demand for doctor blade. The trend of coating blades with nanoparticles has helped enhance product durability, corrosion resistance, and smoother cross-sectional edges. The companies focus on technological innovations, novel coatings, and new raw materials to cater to the specific consumer requirements for printing labels, film packaging, shopping bags, tissue papers, laminates, corrugated boxes, and books and posters.

Key suggestions from the report:

• The market is expected to rise at a CAGR of 2.3%, in terms of revenue, from 2019 to 2024 due to growing demand for efficient packaging system in the emerging economies of Asia Pacific
• North America doctor blade market is anticipated to exceed 56.30 million by 2024 owing to the presence of a large number of printing companies and rapidly increasing demand for flexography in flexible packaging
• Rotogravure process is the second most popular product application, widely used for printing magazines, books, wallpapers, plastic laminates, and newspapers
• The market is comparatively concentrated in nature owing to the presence of small and medium enterprises with robust distribution channels
• In March 2019, TRESU Group appointed Vernitech as an agent to sell the products of TRESU Ancillary, a business area of TRESU Group, in the corrugated industry of France. Vernitech is now engaged in the sales of TRESU's sealed chamber doctor blades and ink supply systems for corrugated and flexo applications

Read 59 page research report with ToC on "Doctor Blade Market Size, Share & Trends Analysis Report By Application (Flexographic Printing, Rotogravure Printing, Offset Printing), By Type (Metal, Plastic, Composite), By Region, And Segment Forecasts, 2019 - 2024" at: https://www.grandviewresearch.com/industry-analysis/doctor-blade-market

Doctor blade is a vital component used in printing. It is used to remove excess ink from the outside surface of the gravure cylinder in gravure printing. Carbon steel is preferably used for manufacturing the product for majority of the applications, but plastic blades are also used occasionally with worn cylinder, which prolongs its life.

The availability of superior quality steel in the European countries has made manufacturing high-quality doctor blade easier. However, in terms of regional growth, Asia Pacific is expected to remain the largest market during the forecast period due to rapidly expansion of the end-use industries.

Flexography printing application segment held more than 50% of the market share in 2018, majorly used for designing flexible packaging. The offset technique is used for printing corrugated boxes, posters, flyers, legal documents, and newspapers.

The doctor blade market is consolidated with the presence of major players including Kadant, Inc.; FUJI SHOKO CO., LTD.; Allison System; PrimeBlade Sweden AB; Swedev AB; TRESU Group; Daetwyler SwissTec; AkeBoose GmbH; and Röchling Leripa Papertech Gmbh & Co. Kg. The companies are currently ramping up capacities to meet the future demand.

Grand View Research has segmented the global doctor blade market based on type, application, and region:

• Doctor Blade Type Outlook (Revenue, USD Million, 2014 - 2024)
• Metal Doctor Blade
• Plastic Doctor Blade
• Composite Doctor Blade
• Doctor Blade Application Type Outlook (Revenue, USD Million, 2014 - 2024)
• Flexographic Printing
• Rotogravure Printing
• Offset Printing
• Others
• Doctor Blade Regional Outlook (Revenue, USD Million, 2014 - 2024)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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