According to the report by IMARC Group, “Global Plastic Extrusion Machines Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global plastic extrusion machines market reached a value of US$ 6.05 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 8.12 Billion by 2027, exhibiting a CAGR of 4.70% during 2022-2027.
Plastic extrusion machines, also called plastic extruders, refer to the mechanical systems used in high-volume manufacturing processes to melt and transform raw plastics. They comprise of hoppers, barrels, temperature controllers, screw drives, and screw drive motors. Plastic extrusion machines work by heating, melting, and transporting the plastics through a screw to press them in a mold or work with them freehand. They help speed up the workflow while ensuring consistency throughout the manufacturing process. As such, plastic extrusion machines are gaining traction across various industries, owing to their high speed, greater flexibility, easy to operate process, bulk production advantage, excellent production quality, etc.
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COVID-19 Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Plastic Extrusion Machines Market Trends and Drivers:
The escalating demand for extruded plastic products in the consumer goods, packaging, automotive, and construction sectors is primarily driving the plastic extrusion machines market. Additionally, the shifting preferences towards automated plastic processing and manufacturing are further catalyzing the market growth. Besides this, the elevating requirement for these processes in manufacturing fixed cross-sectional products with high accuracy is also augmenting the global market.
Moreover, the integration of plastic extrusion machines with advanced technologies, such as artificial intelligence (AI), is acting as another significant growth-inducing factor. Apart from this, several leading manufacturers are investing heavily in the development of innovative product variants with enhanced quality and energy efficiency, which is anticipated to fuel the plastic extrusion machines market over the forecasted period.
Global Plastic Extrusion Machines Market Trends 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
- Apex Engineers
- Bausano & Figli S.p.A.
- China National Chemical Corporation
- Costruzioni Meccaniche Luigi Bandera SpA
- DEGUMA-SCHÜTZ GmbH
- Extrusion Technik USA Inc.
- Hillenbrand Inc.
- Kabra ExtrusionTechnik Ltd.
- Mitsuba Mfg. Co. Ltd.
- Reifenhäuser GmbH & Co. KG Maschinenfabrik
- Shibaura Machine Co. Ltd.
- The Japan Steel Works Ltd.
- Well Shyang Machinery Co. Ltd.
- Windsor Machines Limited.
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The report has segmented the market on the basis of region, machine type, process type, material, solution and application.
Breakup by Machine Type:
Breakup by Process Type:
- Blown Film Extrusion
- Sheet/Film Extrusion
- Tubing Extrusion
Breakup by Material:
- Polypropylene (PP)
- Polyethylene (PE)
Breakup by Solution:
- New Sales
Breakup by Application:
- Building and Construction
- Consumer Goods
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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