The global extruders and compounding machines market size reached around US$ 14.47 Bn in 2022. Owing to the rising adoption of extruders and compounding machines across diverse industries, the overall market is projected to grow at a steady CAGR of 4.7% between 2022 and 2027, surpassing a valuation of US$ 18.21 Bn by 2027.
Future projections on this market have been chalked to assess the growth path of the market. In-depth market segmentation is carried out that explores every angle of the market with which relevant acumen can be obtained. A forecast analysis for a period of 5 years has been drawn that can support the reader in slating future moves.
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Global Extruders and Compounding Machines Market: Forecast Highlights
The global market for extruders and compounding machines is expected to grow at a moderate value CAGR of 4.7% during the period of forecast, 2017-2027. The global extruders and compounding machines market was valued at around US$ 11 Bn in 2017 and is estimated to reach a valuation of more than US$ 18 Bn by the end of the year of assessment (2027).
Global Extruders and Compounding Machines Market: Dynamics Impacting Growth
Increase in the demand for plastics across several regions in the globe, integration if IIoT in the field of compounding and extrusion, increasing threshold in cable manufacturing sector, increased use of extruders and compounding machines in small and medium scale industries, rising food and beverage sector across the globe especially in emerging economies, increasing trade policies supporting the market’s growth, and increasing demand from construction, consumer goods and packaging industries have supported the growth of the global extruders and compounding machines market. Factors such as strict government regulations on using non-green machines, problems associated with BREXIT and stringent regulations on plastic products have posed restraints to the market’s growth.
Global Extruders and Compounding Machines Market: Key Segmental Outlook
The global extruders and compounding machines market is segmented on the basis of product type, application, end-use industry and region.
- By product type, the adoption of twin-screw is expected to dramatically rise in the coming years. This makes the twin-screw segment highly attractive and it is projected to grow at the fastest rate to reach a high valuation by the end of the forecast period
- In the application category, the specialty plastics segment is estimated to reflect a higher valuation than other application segments thus leading the global market. Moreover, the masterbatch production segment is projected to grow at a significant pace in the coming years
- By end-use industry, plastics industry segment, and food and beverage segment have largely contributed to the growth of the global extruders and compounding machines market. The plastics industry segment leads the way
- In the region category, Asia Pacific excluding Japan (APEJ) is anticipated to radiate high market attractiveness. The extruders and compounding machines market in APEJ region is the largest with a significant market valuation and is projected to expand at a high value CAGR of 5.7% throughout the period of forecast
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Competitive Landscape
Leading players operating in the extruders and compounding machines market are continuously introducing new products with enhanced features. Besides this, they have adopted various strategies such as partnerships, mergers, collaborations, and acquisitions to gain a competitive edge in the global market.
- In January 2021, KY Chemical Machinery Co., Ltd launched a new twin screw compounding extruder machine, designed specifically for biodegradable plastics. The new machine outclasses the older machines due to its higher processing capacity and better material performance.
- In June 2021, ENTEK Manufacturing Inc. introduced HT72, its newest co-rotating twin-screw extruder, the HT72. The new machine is designed for industries where customers require medium-to-large batch production sizes.
- In August 2021, GEA launched its new Tru twin 140 extruders for the food and pet industries. The new product offers up to 40% higher capacity without compromising efficiency and quality.
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