Parting-Off Blades Market: Overview and Dynamics
Parting-Off blades are the cutting tools used to part-off metal based products through machining. Parting-off blades are generally made of either HSS (High speed steel) or tungsten carbide because of their high thermal stability. Parting-off blades with different edged inserts are used for advanced parting-off operation such as shallow parting requires three edge parting-off blades insert, medium parting requires two edge parting-off blades insert and deep parting can be done using a single edge parting-off blades insert supported by a stable spring clamp.
Problems like tool breakage, pips and burrs, chip jamming, destroyed parting tools, ejection of the part from the spindle and many more can all be caused due to the improper functioning of the parting-off blades. The major issue with parting-off blades are while a machining operation if the parting-off blade breaks then the whole work piece has to be discarded. Also, parting-off blades perform part operation through metal machine contact which produce high heat on both the work piece as well as parting-off blades. Thus, advance lubricating system is required to stabilize both work piece and parting-off blades it which add an extra cost in the product machining increasing.
Recently, parting-off blades demand have been increased because of their high range of accuracy and precision, high speed, repeatability, rigidity, high-pressure handling and many more. The most important part of process security is to provide a tool with precision coolant. Many players in the market are excelling in this property of parting-off blades market.
Recent development on advanced parting-off blades has been observed in the parting-off blades market. One of the key player Seco Tools which is a subsidiary of Sandvik Machining Solutions which is a Swedish multinational recently revolutionized the parting-off blades market by extending the line of 150.10 JETI family of parting-off blades, these blades directly hold onto the adapters with the help of VDI turret that offers high-pressure coolant to the cutting zone without the use of hoses.
Parting-off blades made of high-speed steel or tungsten carbide have their pros and cons and unique properties and their use are highly dependent on the production of machine tools used in the oil & gas, automobile, aerospace, medical, metallic, lumber industries and many others.The growth in these industries will tend to ensure the growth and further development in parting-off blades market with an expectation of a single-digit rise in the CAGR over the judgment period.
The major factor influencing the development of the parting-off blades market is the rapid growth of oil and gas industry. With increase in population and globalization have developed vigorously, which is the reason for growing demand of oil & gas faster than expected. Rapid economic expansion and technological innovation are important factors in developing country, which has been directing the needs of energy. Thus, increased investment in exploration of oil and gas is being promoted in the oil and gas industry posing a significant demand for parting-off blades market.
In addition, rapid growth in the automobile industry, lumber industry, metallic industry, and electricity generation sectors also driving the demand in parting-off blades market. Increasing demand for Non-conventional machining where there is no contact between workpiece and tool can affect the parting-off blades market. Since, the cost for non-conventional machining is very high compared to conventional machining which uses tools such as parting-off blades because of which the parting-off blades market will still survive for a longer period of time supported by technological advancement in tooling.
COVID-19 Impact Insights
COVID-19 declared a pandemic by the World Health Organization (WHO) in the early march 2020 has enforced countries to impose lockdown and abide strict social distancing measures leading to market shut down and flattening economic curve across the globe. The pandemic had shut down the automobile and aerospace industries and this resulted in the cancellation of orders and even postponement of expected orders in some cases have posed an economical flat curve of these industries effecting parting-off blades market.
Plants shut down in North America, Asia-Pacific and Europe in the second quarter of 2020 has reduced the production of parting-off blades which in turn affected the Parting-off blades Market. With reducing Covid-19 cases in some regions operations have been were resumed during the fourth quarter of 2020. The new Covid-19 strain which was first discovered in United Kingdom is spreading faster which may further force the regulatory bodies to impose lockdowns.
To cycle the supply chain regulatory bodies have allowed manufacturing sectors to proceed with production. Asia accounts to the largest automobile manufacturer out of all regions, is still showing some promising growth after resuming from the lockdown. However, by following COVID-19 guidelines and alternative rotation of workers can help the Parting-off blades Market to bounce back strongly by the first quarter of 2021.
Segmentation Analysis of Parting-off blades Market
The global Parting-off blades market is bifurcated into four major segments: By material type, insertion type, cutting-edge type, Based on size, end-use industry and region.
Based on material type, Parting-off blades market has been segmented into:
- HSS (High-Speed Steel) material
- Tungsten carbide material
Based on insertion type, Parting-off blades market has been segmented as follows:
- Right-hand axis
- Left-hand axis
- Neutral axis
Based on cutting-edge type, Parting-off blades market has been segmented as follows:
- Single edge parting-off blades
- Multi-edge parting-off blades
- Two edge insert parting-off blades
- Three edge insert parting-off blades
Based on the size, Parting-off blades market has been segmented as follows:
- Small – 0.5 to 2.00 mm
- Small to Medium – 1.25 to 3.00 mm
- Medium to Large – 2.00 to 5.00 mm
Based on end-use industry, Parting-off blades market have been segmented as follows:
- Oil & Gas
- Lumbar (woodworking)
- Glass Industry
- Metallic Industry
- Medical Industry
Based on geographic regions, Parting-off blades market is segmented as
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
Parting-off Blades Market: Regional Outlook
Region-wise we take six prominent regions into consideration including North America, Europe, Latin America, East Asia, South Asia and Oceania, Middle East and Africa. Among these, Europe stands out the production of parting-off blades due to high-density usage in the automotive industry, medical industry, manufacturing and many others.
However, Asia Pacific region is constantly growing and may soon turn out as the most promising region under parting-off blades market because of the increasing rate of production, demand and supply in the developing as well as developed countries. Out of these, China has shown exponential growth in the automotive and medical devices manufacturing in recent years that led to an increase of parting-off blades market. The Middle East and Latin America also contribute to nominal shares under the parting-off blades market.
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Parting-off Blades Market: Key players
Sandvik Coromont being the largest manufacturer of the parting-off blades has dominated the market, whereas players like ISCAR LTD., Taegutec, Whizcut, Thinbit ,Wadisi, Zarc, Widia etc. are also gearing up to increase their market size all over the globe.
Taking account of the process security, the importance of manufacturing the parting-off blade with precision coolant has given companies like Sandvik, Seco, Sitool, Garvin, ZY Tool, Thinbit ,Wadisi, Zarc etc. a competitive gain over the other companies. On the other hand, ISCAR is coming out to be the potential manufacturer as well as supplier of parting-off blades that are the future of high accuracy cutting tools.
The research report presents a comprehensive assessment of the Parting-off blades market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Parting-off blades market report provides analysis and information, according to market segments such as geographies, product type, material type and end-use.
An Adaptive Approach to Modern-day Research Needs
The Parting-off Blades Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, Australia and New Zealand, Rest of South Asia & Oceania)
- The Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)
The Parting-off blades report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The Parting-off blades report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The Parting-off blades report also maps the qualitative impact of various market factors on market segments and geographies.
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The Parting-off Blades Market Report Highlights:
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint