The global market for the Plastic Extrusion Machinery is anticipated to develop at a compound annual growth rate (CAGR) of 4.7% throughout the course of the forecast, to reach US$ 10,754.4 million by 2032.
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Development of the extrusion coating in several industries of packaging boosts the growth of global plastic extrusion machinery market over the forecast period. Moreover, requirement of less space and manpower, efficient energy and high performance are the factors that are benefiting the growth of plastic extrusion machinery market. Global plastic extrusion machinery market trends are manufacturing of additives and lightweight worldwide are providing various opportunities for the growth of plastic extrusion machine market.
Plastic extrusion machinery market is anticipated to gain popularity in the coming years because of substantial factors like introducing novel and new products, innovative technologies in the global plastic extrusion machinery market. In addition, another factors anticipated to fuel the plastic extrusion machine market are rise in the awareness regarding eco-friendly machines, increasing piping industries and sector of manufacturing for the developing and developed areas and growth in the consciousness about the advantages of machine of plastic extrusion and many more. Manufactures of plastic extrusion machine have opportunity for launching the innovative products of plastic manufactured to fulfill the requirement of customer for high performance light and fuel efficient vehicles. Construction, automotive and oil & gas industries are estimated to surge the demand for plastic extrusion machinery market in the coming years. Plastic extrusion machine market trends like increase in population worldwide, rise in the infrastructure spending and growth in automotive industries are propelled to boost the global plastic extrusion machinery market. Manufacturers of plastic extrusion machine market are dominating the market because of the distribution network with the portfolio of the product are driving the global plastic extrusion machine market growth. Lack of consciousness regarding the benefits of systems of plastic extrusion machinery may affect the growth of plastic extrusion machinery market.
Global plastic extrusion machine market is dominated by the regional as well as global players. Plastic extrusion machine market is experiencing the competition amongst the vendors who has the potential to increase the growth because of the needs observed from customers for electronics and packaging industry. Such requirements will fuel the demand for packaged food and other industries like electronics and automotive results in the growth of global plastic extrusion machinery market players.
Global plastic extrusion machine market is segmented on the basis of material, end-use, component, product type and region. On the basis of material, plastic extrusion machinery market are PP, PVC, PE and more. On the basis of end-use, plastic extrusion machine market are gas & oil, packaging, automotive, consumer goods and more. Based on component, plastic extrusion machinery market are dies, heaters and screw drives. Further dies are sub-divided into extrusion coating, tubing extrusion, blown film extrusion, co-extrusion, film/ sheet extrusion and more. By product-type, plastic extrusion machine market is divided into twin screw extrusion and single screw extrusion.
Geographically, regions involved in the development of plastic extrusion machinery market size are Latin America, North America, Japan, Eastern Europe, Asia Pacific, Western Europe, and Middle East & Africa. North America are holding the largest plastic extrusion machinery market share and is expected to increase in the coming years.
Plastic Extrusion Machinery Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2032 |
| Study Period | 2018-2032 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2032 | US$ 10,754.4 million |
| Growth Rate | CAGR of 4.7% during 2022-2032 |
| Segment Covered | By Machine Type, By Process Type, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Apex Engineers, Reifenhauser india, 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 |
Key Segments in the “Global Plastic Extrusion Machinery Market” are-
By Material, market is segmented into:
- PP
- PVC
- PE
- Others
By End-Use, market is segmented into:
- Gas & Oil
- Packaging
- Automotive
- Consumer Goods
- Others
By Component, market is segmented into:
- Dies
- Extrusion coating
- Tubing extrusion
- Blown film extrusion
- Co-extrusion
- Film/ sheet extrusion
- Others
- Heaters
- Screw drives
- Others
By Product Type, market is segmented into:
- Twin Screw Extrusion
- Single Screw Extrusion
By Regions market is segmented into:
- Latin America
- North America
- Eastern Europe
- Western Europe
- Japan
- Asia Pacific
- Middle East & Africa
What to expect from the Global Plastic Extrusion Machinery Market report?
- Predictions of future made for this market during the forecast period.
- Information on the current technologies, trends, devices, procedures, and products in the industry.
- Detailed analysis of the market segmentation, depending on the types, devices, and products.
- Government regulations and economic factors affecting the growth of the market.
- An insight into the leading manufacturers.
- Regional demographics of the market.
Frequently Asked Questions (FAQ) :
The North America region is estimated to hold the highest market share in the plastic extrusion machinery market.
Adroit Market Research has segmented the plastic extrusion machinery market by Material, End-Use, Component, Product Type and Regions.
The base year for the report is 2023 in plastic extrusion machinery market.