The Extrusion Machinery by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Extrusion Machinery, The extrusion machinery market size has grown steadily in recent years. It will grow from $7.6 billion in 2023 to $7.96 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to industrialization and manufacturing growth, rise in construction activities, market demand, competitive landscape, raw material prices.
The extrusion machinery market size is expected to see steady growth in the next few years. It will grow to $9.64 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to sustainability initiatives, rising market demand, global trade dynamics, customization requirements, energy efficiency. Major trends in the forecast period include market expansion, customization and flexibility, energy efficiency and sustainability, market consolidation and competition, technological advancements.
The growing demand for plastic products is expected to boost the growth of the extrusion machinery market going forward. Plastic products refer to synthetically produced compounds that are made from polymers. Plastic extrusion machines are used to shape plastic into the variety of shapes, sizes, and structures needed to produce a wide range of items. Hence, the growing demand for plastic products will result in demand for extrusion machinery. For instance, according to the United Nations Environment Programme, a US-based authority for the environment with programs focusing on climate, nature, pollution, sustainable development, and more, the global primary plastic output is expected to increase to 1,100 million tons by 2050 from the current 400 million tons per year. And a whopping 36% of all plastics made are used in packaging, including single-use items for food and drink containers that are disposed of in landfills or as uncontrolled trash in a whopping 85% of cases. Therefore, the growing demand for plastic products is driving the growth of the extrusion machinery market.
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The extrusion machinery market covered in this report is segmented –
1) By Type: Single-Screw, Twin-Screw
2) By Material: Metals, Polymers, Concrete, Ceramics, Foodstuffs
3) By Process: Cold Extrusion, Hot Extrusion, Friction Extrusion, Other Processes
4) By End-Use: Construction, Consumer Goods, Automotive, Packaging, Other End-Uses
Product innovation is the key trend gaining popularity in the extrusion machinery market. Major companies operating in the extrusion machinery market are focusing on developing innovative products to strengthen their market position. For instance, in September 2021, Uniloy Inc., a US-based blow molding machine and mold technology company, launched the all-electric Uniloy UCS.E continuous extrusion shuttle machine. The unique feature of UCS.E is its focus on producing bottles, containers, and technological components in sizes ranging from 50 ml to 30 l. Its processing capabilities allow users to create anything from small cosmetic containers to huge industrial packaging, and it has co-extrusion capabilities of up to 7 layers, including bio-resins and post-consumer resins (PCR). The UCS.E consumes 40% less energy than a conventional hydraulic shuttle machine due to Uniloy’s all-electric platform.
Major Players:
- KraussMaffei Technologies GmbH
- AMUT S.P.A.
- Hegler Plastik GmbH
- Bausano & Figli S.p.A.
- Windsor Machines Pvt. Ltd.
The extrusion machinery market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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