In the dynamic landscape of industrial machinery, the global plastic extrusion machine market stands as a prime example of exponential growth. As of 2022, this market has already achieved an impressive valuation of US$ 6,793.9 million. However, the trajectory ahead is nothing short of spectacular, with forecasts indicating a robust Compound Annual Growth Rate (CAGR) of 4.70% propelling it to reach a monumental US$ 10,754.4 million by the year 2032.
The driving force behind this surge in demand for plastic extrusion machines is a diverse array of industries that rely on the art of extrusion to craft a multitude of plastic products. From the packaging sector, where extruded plastics find their way into innovative and sustainable packaging solutions, to the consumer goods industry, which utilizes extrusion for manufacturing a wide range of everyday items, the influence of plastic extrusion is far-reaching.
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The plastic extrusion process offers a prominent advantage by enabling the creation of intricate shapes and designs without compromising on quality. This method ensures the absence of cracks or imperfections, as plastic undergoes shear and compressive stresses exclusively. Furthermore, the process yields parts and components with exceptional surface finishes. An extruder machine encompasses crucial components like a barrel, screw, heaters, die, and screw drives. It operates based on the application of two essential conditions: pressure.
The extruder screw facilitates the mixing action of plastic compounds through shearing. This versatile plastic extrusion process finds application in the global market for producing plastic tires and belt conveyors. Extrusion machines accommodate various materials, including thermoplastic plastic, thermoplastic, and natural plastic, enabling the manufacturing of cross-sectional shapes such as cords, rectangles, squares, triangles, and hollow sections. This adaptability underscores the versatility of plastic extrusion machines in delivering diverse profiles with precision.
Market Dynamics: Global Plastic Extrusion Machine Market
The plastic extrusion machine market is poised for growth during the forecast period, driven by significant factors including innovative processing technologies and the introduction of novel plastic products worldwide.
Moreover, various factors are expected to fuel the demand for plastic extrusion machines. These include the expansion of piping industries and the manufacturing sector in both emerging and developed regions, rising awareness about the advantages of plastic extrusion machines, increasing consumer consciousness towards eco-friendly equipment, and other conveniences. Manufacturers are presented with a robust opportunity to introduce innovative plastic products that cater to evolving consumer demands for fuel-efficient and high-performance lightweight vehicles. This confluence of factors positions the plastic extrusion machine market for favorable expansion.
Key Players:
- Apex Engineers
- Reifenhauserindia
- Shyam Plastic Machinery
- KraussMaffei Berstorff
- Extrusion Technik USA, Inc.
- TROESTER GmbH & Co. KG
- Well Shyang Machinery (WSM)
- W. Brabender Instruments Inc.
- MITSUBA MFG. CO., LTD.
- DEGUMA-SCHÜTZ GmbH
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Key Segments Covered:
By Machine Type:
- Single-screw
- Twin-screw
By Process Type:
- Blown Film Extrusion
- Sheet/Film Extrusion
- Tubing Extrusion
- Others
By Material:
- PVC
- Polypropylene (PP)
- Polyethylene (PE)
- Others
By Component:
- ScrewDrivers
- Heaters
- Dies
- Others
By Application:
- Building and Construction
- Medical
- Transportation
- Consumer Goods
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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