Plastic Extrusion Machine Market Research Report 2022-2027: Growth, Top Companies Share, Size And Forecast

PRESS RELEASE
Published February 3, 2023

The latest research study by IMARC Group, “Plastic Extrusion Machines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global plastic extrusion machines market. 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.

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Plastic Extrusion Machine Industry Outlook:

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.

Plastic Extrusion Machines Market

Market Trends:

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.

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Plastic Extrusion Machines Market Report Scope

Report Coverage

Details

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

Historical data

2016-2021

Forecast period

2022-2027

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization preview

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Key Market Segmentation:

The report has segmented the global plastic extrusion machines market on the basis of machine type, process type, material, solution, application and region.

Breakup by Machine Type:

        Single-screw

        Twin-screw 

Breakup by Process Type:

        Blown Film Extrusion

        Sheet/Film Extrusion

        Tubing Extrusion

        Others

Breakup by Material:

        PVC

        Polypropylene (PP)

        Polyethylene (PE)

        Others

Breakup by Solution:

        New Sales

        Aftermarket

Breakup by Application:

        Building and Construction

        Medical

        Transportation

        Consumer Goods

        Others

Breakup by Geography:

•        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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List of Key Companies Covered in this Market Report:

The major players in the market are 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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About IMARC Group:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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