According to the global plastic extrusion machines market report by IMARC Group, finds that the 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.
What is meant by Plastic Extrusion Machines?
Plastic extrusion machines, or plastic extruders, refer to mechanical systems used in high-volume production to melt and convert raw plastic into a continuous profile. They include a screw drive, screw drive motor, temperature controller, hopper, and barrel. They heat, melt, and transport the plastic through a screw to press it into a mold or work with it manually. They provide consistency through the manufactured goods while accelerating the workflow and volume. As a result, plastic extrusion machines are gaining immense traction across numerous industries due to their excellent production quality, greater flexibility, bulk production advantage, and high speed.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Plastic Extrusion Machines Market Trends and Drivers:
The global plastic extrusion machines market is primarily driven by the rising demand for extruded plastic products from end use sectors, such as automotive, consumer goods, packaging, and construction. Moreover, the widespread integration of plastic extrusion machines with innovative technologies, such as artificial intelligence (AI), is positively influencing the market growth. Additionally, there has been a rise in demand for plastic extrusion machines due to a significant shift toward automated plastic processing and manufacturing to improve productivity and efficacy.
In line with this, the increasing awareness about the advantages of using plastic extrusion to produce high-precision, fixed cross-sectional goods has catalyzed market growth. Other factors, including ongoing research and development (R&D) activities, increasing sales of consumer goods, surging investments in the industrial sector, and technological advancements, are also anticipated to propel the market growth.
|Plastic Extrusion Machines Market Report Scope|
|Market size value in 2021||US$ 6.05 Billion|
|Market forecast in 2027||US$ 8.12 Billion|
|Growth Rate||CAGR of 4.70% from 2022 to 2027|
|Base year for estimation||2021|
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.
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. and 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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