Extruders Market

Extruders Market Size & Growth (2023-2028):

The extruder market is expected to grow from $ 10.01 billion in 2022 to $ 14.90 billion by 2028, at a CAGR of 6.2% from 2023-2028

Extruders Market Trends:

A key trend that is expected to drive the demand for extruders and mixing machines is the increase in the consumption of packaged foods and beverages. While, on the one hand, this increase in consumption is due to the ability of packaged food products to stay fresher for longer, the other key motivator is that packaged food is comparatively safer in terms of hygiene. This is because they are generally treated to kill bacteria and viruses. With Covid-19 increasing consumer health awareness about food processing, packaged food is expected to increase dramatically. This, in turn, will boost sales of extruders and mixers, especially among small and medium industries. The profile extrusion process is preferred for making plastic products with linear or transverse profiles, such as pipes, hoses, and fenestration products. Emerging economies, such as the Asia-Pacific region, have seen an exponential increase in manufacturing industries, which has made plastic components even more demanding in various industries. Growing demand from packaging industries due to developments in consumer products and the food and beverage industry is expected to drive demand for twin screw extruders on schedule.

Extruders Market Drivers:

The expanding middle-class population, the growth of the international economy, and increasing spending by buyers around the world have resulted in a growing demand for goods and commercial vehicles in emerging economies. This stimulates the demand for the extruders market. The growing need for the product in the packaging industry, along with its large-scale use in the beverage and rubber industry, has strongly influenced the growth of the extruder market. With this in mind, the growing demand for extruded products from construction, as well as from the construction industry, also acts as a key determinant supporting the growth of the extruder market during the forecast period 2021 to 2028. In addition, the rapid growth of the automobile and vehicle production industry, the increasing demand from the packaging industries coupled with the growing preference for extruded products are also having a positive impact on the growth of the extruder market. The main factor responsible for the growth of the market is the expansion of the middle-class population, the boom in the global economy, and the expansion of consumer spending around the world, which has resulted in high demand for goods of consumption.

Extruders Market Restraints:

High production cost along with low efficiency and reliability may be a key constraint to the growth rate of the extruder market during the forecast period 2021- 2027, while the availability of alternative products has the potential to challenge the growth of the extruder market during the forecast period mentioned above. The high initial cost of tools and machinery required for plastic extrusion machinery is expected to slow the growth of the plastic extrusion machinery market. For example, the price of a large, complex molding machine is around $ 80,000 or more.

Opportunities in the Extruders Market:

The increasing demand for extruded products from emerging economies along with technological advancements and development will provide various growth opportunities for the extruder market during the forecast period mentioned above. The growth of the market is directly related to its applications in various end-use industries. In the category of end-use industry, the plastics segment is expected to present lucrative opportunities for the growth of the global market. On the contrary, technological advancements such as artificial intelligence-based plastic extrusion machines and software-assisted plastic extrusion machines are expected to provide lucrative opportunities for the growth of the plastic extrusion machine market. Besides contributing to the growth of the plastics industry, the food sector has presented potential opportunities for the growth of the global market.

Challenges in the Extruders Market:

High production costs along with low efficiency and reliability may be a major challenge for the growth rate of the extruder market during the forecast period 2021- 2027, while the availability of alternative products has the potential to challenge. the extruder market.

EXTRUDERS MARKET REPORT COVERAGE:

Extruders Market Segmentation:

By Machine Type:

• Single Screw 
• Twin Screw

The single-screw extruder segment accounts for the largest share of the extruder market in terms of value, due to the high performance offered by single-screw extruders and low maintenance costs.

 By Process Type:

• Blow Film Extrusion
• Sheet/Film Extrusion
• Tubing Extrusion
• Others

The market is divided into blown film extrusion, sheet/film extrusion, pipe extrusion, and others. In terms of revenue, it is estimated that the blown film extrusion segment will hold a significant global plastic extrusion machinery market share throughout the study period.

By Solution:

• New Sales
• Aftermarket

The market is divided into new sales and after-market. The new sales segment is expected to dominate the global plastic extrusion machinery market during the study period.

By Application:

• Building and Construction
• Medical
• Transportation
• Consumer Goods
• Others

The building and construction segment is expected to dominate the global plastic extrusion machinery market.

Extruders Market Regional Analysis:

The Extruders Market Report includes the segmentation of Regions:

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa 

The Asia-Pacific region dominated the extruder market in 2020. Population growth and rapid urbanization, along with the rising disposable income of consumers in emerging economies such as China and India, are contributing to the growth of the market. Asia-Pacific extruder market. In addition, the easy availability of raw materials for manufacturing plastic and metal products is also driving the growth of the extruder market in Asia-Pacific.

The demand for co-rotating twin screw extruders is high in terms of volume. The German region is expected to dominate European industry due to the availability of manufacturing centers.

North America dominated the global twin screw extruder market in 2019.

The Middle East and Africa will experience slower growth in the years to come.

Impact of COVID-19 on Extruders Market:

Demand for extruders fell in 2021 as the COVID-19 pandemic forced industries to shut down and affected consumption across the board, causing demand for plastic packaging to drop. However, demand for plastic packaging and compounding machines and extruders has rebounded in recent months, reviving hopes for a strong growth trajectory for both markets. In addition, the pandemic has also reinforced some factors that may increase the demand for extruders and mixing machines

Recent Developments in the Extruders Market:

• In March 2021, Bausano launched the sale of two extrusion lines in the United States and Canada.

• In January 2021 ANDRITZ is launching a new series of twin screw extruders for the pet food and aquaculture industries.

• In September 2018, Bühler and Haas launched a new twin-screw extruder.

Extruders Market Key Players:

• Milacron Holdings Corp. (US)

• Toshiba Machine Co., Ltd. (Japan)

• The Japan Steel Works, Ltd. (Japan)

• Coperion GmbH (Germany)

• Battenfeld-Cincinnati (Germany)

• Davis-Standard, LLC (US)

• LEISTRITZ AG (Germany)

• Clextral (France)

• KraussMaffei (Germany)

• PRESEZZI EXTRUSION S.p.A. (Italy)

• NFM (US)