The global extrusion equipment market is poised for robust development, with a projected Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period. By the year 2032, the market is anticipated to achieve a valuation of US$ 8,764.6 Million, showcasing a significant rise from its worth of US$ 5,243.7 Million in 2022.
Extrusion, a process of forming objects with consistent cross-sectional planes, takes center stage in this market. Extrusion equipment play a pivotal role across a spectrum of extrusion methods, encompassing direct and indirect types, hydrostatic extrusion, as well as heat or cold treated extrusions. This multifaceted process involves pushing a feedstock material into a die with a specific cross-section, thereby crafting the desired shapes for end products. The machinery itself operates through hydraulic and mechanical drives, enabling efficient execution.
The feedstock materials subject to extrusion encompass a diverse range, spanning plastic, metal, ceramic, foodstuffs, play dough, concrete, and more. These extrusion equipment manifest as individual machines or even complete plant equipment, typically integrated within the production and assembly lines of various manufacturing entities.
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Extrusion Equipment Market: Market Dynamics and Trends
The extrusion equipment market is generally driven by end use industries such as food, consumer goods, pharmaceuticals, refractory materials, etc. where the extruded products are manufactured. Operation on optimal loads and flexibility in design orientation of feedstock materials are being focused by extrusion equipment manufacturers. These are the trends currently prevailing in the extrusion equipment manufacturing segment. This aspect has been regularly acted upon by OEMs via product development programs. The market however, could be restrained only due to lack of growth and expansion in the end use industries in regions such as Europe and U.S.
The extrusion equipment market has business potential in the form of maintenance and service aspects, post initial purchase and installation. Product support and services are provided by OEMs, suppliers as well as distributors. Price, product features, after sales service and sales distribution network are the key defining parameters for a company to sustain its business in the competitive market.
Extrusion Equipment Market: Regional Analysis and Outlook
The OEMs related to extrusion equipment market are mainly based in Asia Pacific particularly in China, U.S. and Europe owing to the end industry development, strong sales and distribution channels and their established technical know-how in end use industries. The Asia Pacific end use market alone is expected to drive a significant growth rate of industrial equipment especially in the field of consumer goods, food products and pharmaceutical industry. In pharmaceutical industry, extrusion is done using nano-porous, polymeric filters with a specific size of narrow-size distribution.
Latin America is also expected to augment the market demand in terms of development in food, pharmaceutical industry as well. The extrusion equipment market would also benefit significantly from the renewable energy sector across the globe with biomass extrudes used as feedstock. The extrusion equipment market is expected to witness a decent growth during the forecast period, 2016-2026.
Extrusion Equipment Market: Market Participants
The competitive landscape for Extrusion Equipment Market is majorly marked by the presence of large players as well as small scale players. Some of the market participants involved in the global Extrusion equipment market are: Milacron, RDN Manufacturing Co., Inc., Coperion GmbH, Conair Group, Toshiba Machine Co., Ltd., HPM, Krauss Maffei and Thermo Fischer Scientific Inc. along with other mid-small scale OEMs and regional enterprises.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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Key Segments
By Product Type:
• Single Screw Extruders
• Twin Screw Extruders
• Downstream Equipment
By Load Type:
• Variable
• Hydrostatic
By Press Position:
• Horizontal
• Vertical
By End User:
• Plastic Goods
• Processed Food
• Pharmaceutical
• Non-Conventional Energy
• Construction Materials
By Region:
• North America
• Latin America
• Asia Pacific
• MEA
• Europe
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