The latest research study “Plastic Extrusion Machines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that 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.
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.
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Plastic Extrusion Machines 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 Trends 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Major Players Covered:
- Apex Engineers
- Bausano & Figli S.p.A.
- Extrusion Technik USA Inc.
- Hillenbrand Inc.
- Kabra ExtrusionTechnik Ltd.
- China National Chemical Corporation
- Costruzioni Meccaniche Luigi Bandera SpA
- DEGUMA-SCHÜTZ GmbH
- Mitsuba Mfg. Co. Ltd.
- Reifenhäuser GmbH & Co. KG Maschinenfabrik
- Shibaura Machine Co. Ltd.
- The Japan Steel Works Ltd.
- Well Shyang Machinery Co. Ltd.
- Windsor Machines Limited.
Key Market Segmentation:
The report has segmented the 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 Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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