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Extruder and compounding machine sales are projected to reach $14.47 billion USD worldwide in 2022. Due to the growing use of extruders and compounding machines across numerous industries, the overall market is anticipated to grow at a steady CAGR of 4.7% between 2022 and 2027, surpassing a valuation of US$ 18.21 Bn by that year.
Rapid industrialization and a rise in the use of plastics have brought extruders and compounding equipment to the forefront. Modern machines like extruders now perform labor-intensive physical labour that was previously performed with only one’s bare hands. Extruders and compounding equipment are being used more frequently in the manufacturing sector to boost production capacity and adapt to shifting consumer tastes.
Regionally, Asia Pacific Excluding Japan (APEJ), which will hold the largest share of 36.8% in 2022, will continue to be the most lucrative market for extruders and compounding machines. The market for APEJ extruders and compounding machines is fueled by the growth of the manufacturing sector, rising industrial automation adoption, and the presence of major market players in countries like China.
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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, speciality plastics segment is estimated to reflect a higher valuation than other application segments thus leading the global market. Moreover, the master batch 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. 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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Global Extruders and Compounding Machines Market: Competitive Landscape
The global extruders and compounding machines market research report has included key player analysis covering several facets such as financials, developments, expansion strategies and product portfolios of key companies dealing with extruders and compounding machines. Key companies such as Toshiba Machine Co., Ltd., The Japan Steel Works Ltd., Coperion GmbH, Battenfeld-Cincinnati, NFM Welding Engineers, Inc., Clextral S.A.S., KraussMaffei Berstorff GmbH, Leistritz AG, Davis-Standard, LLC, Theysohn Extrusionstechnik GmbH, Everplast Machinery Co., Ltd., Breyer GmbH, Rajoo Engineers Limited, Gneuss Kunststofftechnik GmbH, Cheng-Hua Machinery Co., Ltd., Kabra Extrusion Technik Ltd., and SML Maschinengesellschaft mbH are covered in this research study.
Extruders and Compounding Machines Market by Category
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